Overview
What is Des Moines Arts Festival Inc?
Des Moines Arts Festival Inc is a nonprofit organization situated in Des Moines, Iowa. Their primary mission is to enrich the community's quality of life by offering an annual three-day event, showcasing a diverse range of fine arts and crafts, performing arts, children's activities, and educational presentations. The festival, which took place in June 2022, featured 180 artists and attracted an estimated 200,000 guests. This nonprofit organization aims to impact lives through the arts, fostering an inclusive space for people of all ages, cultures, and backgrounds to embrace various artistic expressions.
Official website here: www.desmoinesartsfestival.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating
Des Moines Arts Festival Inc has received a 77% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating is based entirely on the organization's practices, highlighting its strong governance with a fully independent board of directors and no material diversion of assets. The organization also demonstrates good fiscal responsibility, with a program expense ratio of 84.54%, suggesting that the majority of its expenses go directly towards its programs.
Key strengths include the establishment of a conflict of interest policy and the documentation of board meeting minutes, both of which contribute positively to transparency and governance. Their financial practices reflect a sound approach, as evidenced by a 0.00% liabilities to assets ratio, indicating no debt.
However, a notable limitation is the absence of a whistleblower policy, which could be a concern for potential donors interested in robust accountability measures. Overall, Des Moines Arts Festival Inc shows commendable practices in financial management while having room for improvement in governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Des Moines Arts Festival Inc legitimate?
Des Moines Arts Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Des Moines Arts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.desmoinesartsfestival.org
What is the mission statement of Des Moines Arts Festival Inc?
The Des Moines Arts Festival Inc's mission is centered around enriching lives through the arts. Their primary objective is to create an environment where individuals of all ages, cultures, and backgrounds can engage with and appreciate the arts. By organizing an annual three-day event, they provide a platform for showcasing fine arts and crafts, performing arts, children's activities, and educational presentations. This festival, which took place in June 2022, featured 180 artists and attracted an estimated 200,000 guests. The festival's mission aims to contribute to the quality of life in its community by fostering an appreciation for the arts.
Official website here: www.desmoinesartsfestival.org
Who is the CEO of Des Moines Arts Festival Inc?
Stephen King is the Executive Di of Des Moines Arts Festival Inc.
Official website here: www.desmoinesartsfestival.org
What is the revenue of Des Moines Arts Festival Inc?
Des Moines Arts Festival Inc's revenue in 2022 was $1,118,131.
Official website here: www.desmoinesartsfestival.org
Who are the executives of Des Moines Arts Festival Inc and what are their salaries?
There 377 volunteers at Des Moines Arts Festival Inc.
Here are 17 key members and their salaries:
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Official website here: www.desmoinesartsfestival.org
Where can I find the form 990 for Des Moines Arts Festival Inc?
Des Moines Arts Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.desmoinesartsfestival.org
Learn more at the official website: www.desmoinesartsfestival.org
Mission Statement of Des Moines Arts Festival Inc
Des Moines Arts Festival Inc, an organization dedicated to enriching the quality of life in Central Iowa, carries out its mission by providing an annual three-day event that serves as a platform for individuals of all ages, cultures, and backgrounds to engage with the arts. Their primary goal is to create an opportunity for people to embrace various artistic expressions, including visual arts, crafts, performing arts, children's activities, and educational presentations. By doing so, they aim to foster a sense of community and promote the appreciation of artistic talent and creativity.
The Des Moines Arts Festival Inc's mission is centered around the belief that the arts have the power to bring people together and enrich their lives. They achieve this by sponsoring the production of a vibrant and diverse event each year, showcasing the work of 180 artists and attracting an estimated 200,000 guests. By offering a wide range of artistic experiences, Des Moines Arts Festival Inc encourages people to engage with the arts in a meaningful way, promoting cultural understanding and personal growth.
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Impact
July, 2024
Des Moines Arts Festival Inc's impact lies in enriching the quality of life in Central Iowa by creating an opportunity for people of all ages, cultures, and backgrounds to embrace the arts. Through their annual three-day event featuring exhibits of fine arts and crafts, performing arts, children's activities, and educational presentations, they attract a significant number of guests - around 200,000 in the latest festival featuring 180 artists. This event not only provides a platform for artists to showcase their work but also fosters community engagement and cultural appreciation, contributing to the overall vibrancy and cultural richness of Des Moines.
This information is meant to be a general summary of Des Moines Arts 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: $384
- Program Service Revenue: $211,103
- Gross Receipts: $1,210,480
Assets and Liabilities:
- Total Assets: $356,830
- Total Liabilities: $0
- Net Assets: $356,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARTIST BOOTH FEES
Revenue
$111,085
FOOD BOOTH FEES
Revenue
$55,850
EVENTS INCOME
Revenue
$30,393
ARTIST APPLICATION FEES
Revenue
$13,775
Organization Details
Founding Year
1998
Phone
0515286493Principal Officer
Stephen King
Main Address
PO BOX 1434, DES MOINES, IA, 50305
NTEE Category
Code: T70 - Philanthropy
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