Overview
What is Holland Tulip Time Festival Inc?
Holland Tulip Time Festival Inc, a Michigan-based nonprofit corporation, organizes an annual event celebrated in Holland, Michigan. The festival honors the region's Dutch heritage and the tulip, acting as a symbol of the area's culture. The event includes various activities such as musical performances, Dutch dancing, parades, and educational programs that showcase traditional Dutch customs and traditions. The festival aims to promote the Holland, Michigan area and its community, attracting both locals and tourists. With a team of 12 employees, the organization plans and executes this captivating event each year.
Official website here: www.tuliptime.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Holland Tulip Time Festival Inc has received an impressive 96% score from Charity Navigator, earning a Four-Star rating. This high score reflects the organization’s strong commitment to accountability and finance, showcasing a well-managed nonprofit. The charity excels in areas such as having a fully independent board of directors and a robust audit and oversight committee, which further enhances its credibility.
The organization demonstrates transparency through its adherence to essential governance practices, including a conflict of interest policy and a whistleblower policy. With no material diversion of assets and a commendable liabilities to assets ratio of 29.92%, Holland Tulip Time Festival Inc shows a solid financial standing, suggesting effective management of resources.
While the overall financial health and governance structure of the organization are highly rated, the high program expense ratio of 81.81% indicates that the majority of expenditures are directed towards its programs. This is generally viewed positively, although it’s important for stakeholders to understand how these funds are utilized in supporting the festival's mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Holland Tulip Time Festival Inc legitimate?
Holland Tulip Time Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holland Tulip Time Festival 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: $89,082
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,370
For more financial information, click here
Official website here: www.tuliptime.com
What is the mission statement of Holland Tulip Time Festival Inc?
The Holland Tulip Time Festival Inc's mission is centered around operating a annual event that celebrates and commemorates the Dutch heritage and the tulip in the Holland, Michigan area. This festival serves to promote the region and its people, honoring the founding of Holland and the tulip as a significant cultural symbol. The event features musical presentations, Dutch dancing, parades, and various activities that educate both locals and visitors about Dutch traditions and observances.
Official website here: www.tuliptime.com
Who is the CEO of Holland Tulip Time Festival Inc?
Gwen Auwerda is the Executive Di of Holland Tulip Time Festival Inc.
Official website here: www.tuliptime.com
What is the revenue of Holland Tulip Time Festival Inc?
Holland Tulip Time Festival Inc's revenue in 2022 was $1,752,331.
Official website here: www.tuliptime.com
Who are the executives of Holland Tulip Time Festival Inc and what are their salaries?
The average compensation at Holland Tulip Time Festival Inc during 2022 was $25,538. There are 12 employees and 1396 volunteers at Holland Tulip Time Festival Inc.
Here are 14 key members and their salaries:
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Official website here: www.tuliptime.com
Where can I find the form 990 for Holland Tulip Time Festival Inc?
Holland Tulip Time Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tuliptime.com
Learn more at the official website: www.tuliptime.com
Mission Statement of Holland Tulip Time Festival Inc
Holland Tulip Time Festival Inc is dedicated to operating an annual event that celebrates and commemorates the Dutch heritage and the tulip in the Holland, Michigan area. The primary mission of this non-profit organization is to promote the community and its citizens by organizing a festival filled with musical presentations, Dutch dancing, parades, and other educational activities. This event serves to educate both local residents and visitors about Dutch traditions and observances, honoring the founding of Holland as a community and the tulip as a cultural icon in the area. By celebrating these aspects of Dutch heritage, Holland Tulip Time Festival Inc aims to foster a sense of unity and pride within the community, attracting visitors and promoting the area's rich history and culture.
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Impact
July, 2024
The Holland Tulip Time Festival Inc's impact is significant in promoting the Holland, Michigan area's Dutch heritage and the tulip. Through its annual festival, the organization celebrates and commemorates the founding of Holland as a community and the tulip as a cultural icon for the area. The festival includes musical presentations, Dutch dancing, parades, and other events that educate citizens and visitors on Dutch traditions and observances. Overall, the Holland Tulip Time Festival Inc plays a vital role in showcasing and preserving the cultural heritage of the Holland, Michigan area.
This information is meant to be a general summary of Holland Tulip Time Festival 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: -$110
- Program Service Revenue: $1,196,582
- Gross Receipts: $1,779,937
Assets and Liabilities:
- Total Assets: $1,138,959
- Total Liabilities: $202,570
- Net Assets: $936,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVAL EVENTS REVENUE
Revenue
$1,174,622
TICKET FEE REVENUES
Revenue
$21,960
Organization Details
Founding Year
1948
Phone
(616) 396-4221Principal Officer
Gwen Auwerda
Main Address
42 WEST 8TH STREET, HOLLAND, MI, 49423
Website
www.tuliptime.comNTEE Category
Code: A23 - Arts
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