Overview
What is Red White & Boom Inc?
Red White & Boom Inc, based in Bexley, Ohio, is a dedicated nonprofit organization with a mission to establish, maintain, and conduct various recreational, educational, and charitable activities. Their primary focus is on organizing an annual July 4th celebration in Columbus, Ohio, offering free family entertainment. This includes hosting musicians, setting up stages, lighting, parades, firework displays, and managing concessions. Their activities aim to promote community bonding and provide a fun-filled celebration for families. The organization's operations extend beyond entertainment, as they also engage in advertising and public relations related to the event. They strive to make the celebration accessible to all, ensuring that it is a memorable and enjoyable experience for the entire community.
Official website here: www.redwhiteandboom.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)
Red White & Boom Inc has received a "Needs Improvement" rating from Charity Navigator, reflecting some strengths but significant areas for concern. The organization scores highly in accountability and finance, achieving a perfect score of 100% in this area. It also boasts a majority of independent board members and well-documented governance policies, indicating a commitment to ethical oversight and transparency.
However, the nonprofit faces significant challenges with its financial disclosures. It has not provided its financial statements, which resulted in a score of zero in this category. Additionally, the organization has a concerning liabilities to assets ratio of 1631.76%, suggesting potential financial instability. While its program expense ratio is strong at 78.08%, indicating that a good portion of its expenses goes towards its mission, the lack of transparency raises questions about overall financial health.
In summary, Red White & Boom Inc shows a commitment to governance and programmatic expenses but must address its financial reporting shortcomings to improve overall trust and effectiveness. The findings highlight the importance of financial transparency in evaluating a nonprofit's sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Red White & Boom Inc legitimate?
Red White & Boom Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red White & Boom Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.redwhiteandboom.org
What is the mission statement of Red White & Boom Inc?
Red White & Boom Inc is committed to establishing, maintaining, and conducting recreational, educational, and charitable activities. A notable aspect of their mission is the operation of an annual July 4th celebration, providing free family entertainment in the form of musicians, stages, lighting, parades, fireworks, and concessions. Their primary objective is to contribute to community enjoyment and engagement. In addition to this, they also handle advertising and public relations related to the event.
Official website here: www.redwhiteandboom.org
Who is the CEO of Red White & Boom Inc?
Shawn Verhoff is the Co-Exec. Dir of Red White & Boom Inc.
Official website here: www.redwhiteandboom.org
What is the revenue of Red White & Boom Inc?
Red White & Boom Inc's revenue in 2022 was $1,056,485.
Official website here: www.redwhiteandboom.org
Who are the executives of Red White & Boom Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.redwhiteandboom.org
Where can I find the form 990 for Red White & Boom Inc?
Red White & Boom Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redwhiteandboom.org
Learn more at the official website: www.redwhiteandboom.org
Mission Statement of Red White & Boom Inc
Red White & Boom Inc, as a nonprofit organization, is committed to establishing, maintaining, and conducting a variety of recreational, educational, and charitable activities. At the heart of its mission is the operation of an annual July 4th celebration in an undisclosed location. This celebration serves as a platform for providing free family entertainment, transforming the event into a collective experience filled with live music, stages, lighting, parades, fireworks, and concessions. By organizing this annual event, Red White & Boom Inc aims to bring communities together, fostering a sense of unity and celebration. Additionally, the organization focuses on advertising and public relations related to the event, ensuring its reach and impact extend beyond the immediate celebration.
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Impact
October, 2024
Red White & Boom Inc plays a vital role in community engagement and celebration by organizing a large-scale July 4th event in Columbus, Ohio. This annual celebration not only commemorates Independence Day but also provides an opportunity for families to come together and enjoy a day filled with free entertainment, including live music, parades, and fireworks.
Through the establishment and maintenance of recreational, educational, and charitable activities, the organization enhances the cultural vibrancy of the area. The event fosters a sense of community, bringing together residents and visitors, and promoting local artists and businesses through its various stages and concessions. Additionally, the efforts in advertising and public relations ensure that the event reaches a wide audience, attracting participants from various backgrounds and encouraging community involvement.
Overall, Red White & Boom Inc significantly impacts the local community by creating festive, inclusive experiences that strengthen social ties and promote civic pride.
This information is meant to be a general summary of Red White & Boom Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8
- Program Service Revenue: $30,294
- Gross Receipts: $1,056,485
Assets and Liabilities:
- Total Assets: $17,481
- Total Liabilities: $285,248
- Net Assets: -$267,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VIP TICKETS
Revenue
$26,094
PARADE
Revenue
$4,200
Organization Details
Phone
(614) 296-0223Principal Officer
Shawn Verhoff
Main Address
774 S ROOSEVELT AVE, BEXLEY, OH, 43209
Website
www.redwhiteandboom.orgNTEE Category
Code: P20Z - Human services
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