Overview
What is Irf Inc?
Irf Inc, based in Crowley, Louisiana, is a nonprofit organization primarily known for hosting the International Rice Festival, an annual celebration emphasizing the significance of rice in the local economy. The festival, held every third weekend in October, aims to grow and attract tourists, benefiting not only the event but also the city, parish, heritage, and culture. Irf Inc's mission involves maintaining a proactive festival, implementing goals, and utilizing experienced business initiatives for the collective advantage of the festival and the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
Irf Inc has received a One-Star rating from Charity Navigator, indicating significant concerns in its accountability and finance practices. The overall score is based entirely on a low Accountability & Finance score of 52, suggesting that the organization may not be adhering to best practices in transparency and governance.
One of the critical weaknesses noted is the complete lack of independent board members, which raises questions about governance and oversight. Furthermore, the organization is missing essential policies such as Conflict of Interest and Whistleblower policies, which are vital for ensuring ethical operations. Although they have a good Program Expense Ratio of 86.33%, demonstrating that a substantial portion of expenses goes to programs, the absence of financial statements and critical documentation on their website is troubling.
While Irf Inc shows a strong performance in managing liabilities and directing funds towards its programs, the lack of transparency and governance measures significantly undermines its overall credibility. Potential donors and stakeholders may want to exercise caution and seek further information about the organization before engaging.
This AI summary has been generated from information found on Charity Navigator.
Is Irf Inc legitimate?
Irf Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Irf 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Irf Inc?
Irf Inc's mission is to establish and maintain a proactive festival with clear objectives and established business initiatives. This endeavor is aimed at benefiting not only the festival itself but also the city, local culture, and heritage. The organization's goal is to contribute positively to the common good, beyond the scope of the festival. The International Rice Festival, held annually in October, serves as a platform for this mission. It emphasizes the significance of rice in the economy of a specific region, and the organization aspires to grow it into a prominent, admission-free cultural celebration, attracting tourists and promoting the local culture.
Who is the CEO of Irf Inc?
Joshua Spell is the Director of Irf Inc.
What is the revenue of Irf Inc?
Irf Inc's revenue in 2022 was $542,642.
Who are the executives of Irf Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Irf Inc?
Irf Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Irf Inc
Irf Inc, a nonprofit organization, is committed to constructing and preserving a proactive festival. Their mission is to establish objectives and implement experienced business initiatives for the welfare of not just the festival, but also the city, parish, heritage, and culture. The organization aims to serve the common good by building and maintaining a festival that goes beyond being a simple event, but becomes a significant contribution to the community and its heritage.
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Impact
July, 2024
IRF Inc's impact can be seen in its proactive efforts to build and maintain the International Rice Festival in Crowley, Louisiana. This festival celebrates the importance of rice in the economy of Southwest Louisiana and aims to attract tourists while promoting the city, parish, heritage, and culture. By organizing this annual event, IRF Inc contributes to the cultural vibrancy and economic development of the region.
This information is meant to be a general summary of Irf 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: $153
- Program Service Revenue: $539,351
- Gross Receipts: $542,642
Assets and Liabilities:
- Total Assets: $233,737
- Total Liabilities: $870
- Net Assets: $232,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$291,030
CARNIVAL
Revenue
$94,443
BEER SALES
Revenue
$85,263
ENTRY FEES
Revenue
$29,712
VENDORS
Revenue
$25,825
Organization Details
Founding Year
2012
Phone
(337) 783-3067Principal Officer
Joshua Spell
Main Address
P O BOX 1900, CROWLEY, LA, 70527
NTEE Category
Code: A23 - Arts
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