Overview
What is Patriotic Festival Ii Inc?
Patriotic Festival II Inc, based in Virginia Beach, Virginia, is a nonprofit organization with a mission to express public appreciation and support towards active duty and retired military personnel and their families. They achieve this through an annual three-day festival held in collaboration with the City of Norfolk, VA and sponsoring businesses, offering concerts and entertainment at the Norfolk Waterside district. The festival serves as a platform to celebrate patriotism and honor the significant contributions of the military community.
Official website here: www.patrioticfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Patriotic Festival II Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization has some strengths, there are areas for improvement. The charity demonstrates strong accountability in areas such as having a fully independent board and maintaining a low liabilities to assets ratio. Additionally, a high program expense ratio suggests that a significant portion of its funds is directed towards its programs.
However, the organization does have notable limitations, particularly in governance policies where it is missing both a whistleblower policy and a document retention and destruction policy. These gaps could impact transparency and accountability, which are essential for building trust with donors and stakeholders. The overall score reflects a need for improvement in these areas to enhance its rating further.
In summary, while Patriotic Festival II Inc shows promise with solid financial management and program spending, attention to governance practices is necessary to strengthen its operational integrity and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Patriotic Festival Ii Inc legitimate?
Patriotic Festival Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patriotic Festival Ii 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.patrioticfestival.com
What is the mission statement of Patriotic Festival Ii Inc?
The mission of Patriotic Festival II Inc. is to celebrate patriotism and express appreciation and support towards active duty and retired military personnel and their families. They achieve this through an annual three-day festival, filled with concerts and entertainment, serving as a public demonstration of support for our military services. This event, often held in a festival district, aims to honor and acknowledge the dedication and sacrifices made by these individuals and their families.
Official website here: www.patrioticfestival.com
Who is the CEO of Patriotic Festival Ii Inc?
Ira Agricola is the President of Patriotic Festival Ii Inc.
Official website here: www.patrioticfestival.com
What is the revenue of Patriotic Festival Ii Inc?
Patriotic Festival Ii Inc's revenue in 2022 was $4,173,155.
Official website here: www.patrioticfestival.com
Who are the executives of Patriotic Festival Ii Inc and what are their salaries?
There 500 volunteers at Patriotic Festival Ii Inc.
Here are 5 key members and their salaries:
- Compensation: $128,600
- Related: $0
- Other: $0
- Compensation: $8,987
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.patrioticfestival.com
Where can I find the form 990 for Patriotic Festival Ii Inc?
Patriotic Festival Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.patrioticfestival.com
Learn more at the official website: www.patrioticfestival.com
Mission Statement of Patriotic Festival Ii Inc
Patriotic Festival II Inc, a nonprofit organization, is committed to celebrating patriotism and expressing appreciation and support towards active duty and retired military personnel and their families. Through an annual three-day festival, the organization strives to bring the community together in honoring these individuals and their families. The festival, typically held in the Norfolk Waterside district, features concerts and entertainment, allowing the public to express their gratitude and admiration for the military services.
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Impact
July, 2024
Patriotic Festival II Inc's impact is evident in its mission to celebrate patriotism and show appreciation and support to active duty and retired military personnel and their families. Through its annual three-day festival in partnership with the City of Norfolk, VA, and sponsoring businesses, the organization provides concerts and entertainment at Norfolk Waterside district. By showcasing public support for the military services, Patriotic Festival II Inc plays a significant role in honoring and recognizing the sacrifices and service of those in the armed forces. Their efforts contribute towards fostering a sense of gratitude and solidarity within the community towards military personnel and their families.
This information is meant to be a general summary of Patriotic Festival Ii 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: $118
- Program Service Revenue: $2,934,028
- Gross Receipts: $4,173,155
Assets and Liabilities:
- Total Assets: $807,443
- Total Liabilities: $46,773
- Net Assets: $760,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKET SALES
Revenue
$1,945,143
FOOD & BEV CONCESS
Revenue
$249,405
PARKING AND MERCHNDISE
Revenue
$8,821
SPONSORSHIP FEES
Revenue
$720,441
OTHER INCOME
Revenue
$2,713
Organization Details
Founding Year
2012
Phone
(757) 788-4984Principal Officer
Ira Agricola
Main Address
3212 STAPLEFORD CHASE, VIRGINIA BEACH, VA, 23452
Website
www.patrioticfestival.comNTEE Category
Code: W30 - Public benefit
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