Overview
What is El Dorado Festivals & Events Inc?
El Dorado Festivals & Events Inc is a nonprofit organization situated in El Dorado, Arkansas, specifically at 101 East Locust Street. Their mission is to establish an arts and entertainment district in downtown El Dorado, aiming to serve as a catalyst for cultural and educational change in the region. This is achieved by constructing an arts and entertainment district and filling it with an annual calendar of events. The organization completed the initial phase of construction and began hosting arts and entertainment events in September 2017. Their activities celebrate Southern culture and arts, providing the region with an enhanced quality of life and a greater sense of cultural appreciation. The organization's vision is to become known as "The Festival City of the South," fostering the spirit of Southern arts, culture, and themes through an extensive festival calendar. This engagement with the arts aims to enhance the city's aesthetic beauty, cultural offerings, and openness, ultimately contributing to the overall quality of life in the community. El Dorado Festivals & Events Inc employs 86 individuals in achieving its mission.
Official website here: www.eldofest.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
El Dorado Festivals & Events Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of performance based on its accountability and financial health. The organization achieved a score of 76%, reflecting its strong commitment to governance and transparency. The rating is primarily derived from its accountability and finance metrics, suggesting that the nonprofit is managing its resources effectively.
Highlights of the charity's operations include a fully independent board composed entirely of ten members, demonstrating a commitment to impartial governance. It has shown no material diversion of assets and maintains a healthy financial ratio, with liabilities amounting to only 0.75% of its assets. Additionally, the organization has adequate working capital, providing it with a solid foundation for future initiatives.
However, while the organization scores well in accountability, specific details on its programmatic impact and effectiveness are not highlighted in the rating. The salary of key personnel, such as the President/CEO, is noted at $175,355, which may raise questions regarding compensation relative to the organization's overall financial performance. Overall, El Dorado Festivals & Events Inc appears to be a responsible entity, but potential donors may wish to seek further information on its impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is El Dorado Festivals & Events Inc legitimate?
El Dorado Festivals & Events Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Dorado Festivals & Events 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: $200,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $506,452
For more financial information, click here
Official website here: www.eldofest.com
What is the mission statement of El Dorado Festivals & Events Inc?
El Dorado Festivals & Events Inc's mission is centered around celebrating Southern culture and arts. They achieve this through an annual calendar of festivals, special events, and theatrical productions. The organization aims to enhance the quality of life in the region by providing increased cultural appreciation. Their vision is to establish themselves as "The Festival City of the South," showcasing Southern arts, culture, and themes. They believe that society's merit is measured by its culture, and through their diverse events and festivals, they celebrate their past, present, and future, educating the young, inspiring the community, and fostering economic growth and development.
Official website here: www.eldofest.com
Who is the CEO of El Dorado Festivals & Events Inc?
Pamela Griffin is the Member of El Dorado Festivals & Events Inc. The CEO's salary of El Dorado Festivals & Events Inc is $200,000 and their total compensation is $200,000.
Official website here: www.eldofest.com
What is the revenue of El Dorado Festivals & Events Inc?
El Dorado Festivals & Events Inc's revenue in 2022 was -$7,906,004.
Official website here: www.eldofest.com
Who are the executives of El Dorado Festivals & Events Inc and what are their salaries?
The average compensation at El Dorado Festivals & Events Inc during 2022 was $8,215. There are 86 employees at El Dorado Festivals & Events Inc.
Here are 8 key members and their salaries (El Dorado Festivals & Events Inc's CEO's salary is $200,000 and their total compensation is $200,000):
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- Compensation: $200,000
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- Other: $0
Official website here: www.eldofest.com
Where can I find the form 990 for El Dorado Festivals & Events Inc?
El Dorado Festivals & Events Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eldofest.com
Learn more at the official website: www.eldofest.com
Mission Statement of El Dorado Festivals & Events Inc
El Dorado Festivals & Events Inc is committed to celebrating the rich culture and arts of the southern region through an annual calendar of festivals, special events, and theatrical productions. The organization's mission is to enhance the quality of life in the community and foster a greater sense of cultural appreciation. By creating a festival calendar filled with events, El Dorado Festivals & Events Inc aims to showcase the talents of individuals who call the south home. This engagement with the arts is expected to increase aesthetic beauty, provide a wider range of cultural and social offerings, and encourage openness within the community. The organization believes that society is measured by its culture, and by celebrating who they are, where they have been, and where they are going, they are able to educate their young, inspire their community, and contribute to economic growth and development.
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Impact
October, 2024
El Dorado Festivals & Events Inc significantly enhances the cultural landscape of the region through its vibrant celebration of Southern arts and culture. By organizing an extensive calendar of festivals, special events, and theatrical productions, the organization fosters a greater sense of community and cultural appreciation among residents and visitors alike.
The initiative to construct an arts and entertainment district in downtown El Dorado not only serves as a physical space for creativity and interaction but also acts as a catalyst for cultural and educational change. Since the launch of its first events in September 2017, the organization has been instrumental in enriching the quality of life for the local population, encouraging engagement with the arts, and enhancing aesthetic beauty throughout the city.
Moreover, by programming a diverse array of events, El Dorado Festivals & Events Inc works to spotlight the unique talents of Southern artists, thereby promoting regional pride and identity. This commitment not only educates the younger generation but also inspires the broader community, fostering social ties and encouraging economic growth. The vision of making El Dorado "The Festival City of the South" reflects an aspiration to elevate its status as a key destination for cultural experiences, ultimately transforming it into a hub of artistic expression and celebration.
This information is meant to be a general summary of El Dorado Festivals & Events 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: -$10,398,411
- Program Service Revenue: $781,180
- Gross Receipts: $2,504,911
Assets and Liabilities:
- Total Assets: $45,347,965
- Total Liabilities: $255,957
- Net Assets: $45,092,008
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC PROGRAMS
Revenue
$781,180
Organization Details
Founding Year
2011
Phone
(870) 863-4547Principal Officer
Pamela Griffin
Main Address
101 EAST LOCUST STREET, EL DORADO, AR, 71730
Website
www.eldofest.comNTEE Category
Code: A61 - Arts
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