Overview
What is Virginia Beach Events Unlimited Inc?
Virginia Beach Events Unlimited Inc, established in 1973 and headquartered in Virginia Beach, Virginia, serves as an independent 501(c)(3) organization. Their primary objective is to boost the local economy, enhance community life, and celebrate the Hampton Roads region. They achieve this by organizing over forty events and activities annually, in collaboration with local businesses, organizations, and volunteers. These events cater to various interests, including sports, arts, culture, and community celebrations, with some requiring admission fees and others being free for the public. Some events also offer fundraising opportunities for numerous civic and non-profit organizations. The organization's mission is to deliver high-quality, safe, and diverse events that strengthen family values, positively impact the economy, and showcase Virginia Beach's distinct coastal charm.
Official website here: www.neptunefestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Virginia Beach Events Unlimited Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 81% based entirely on their Accountability & Finance metrics. This rating indicates that the organization demonstrates good financial health and transparency, which are essential for donor confidence and effective nonprofit operations.
The organization's strengths lie in its governance practices, including a fully independent board and robust policies regarding conflicts of interest and whistleblower protections. Notably, they maintain high program expense ratios, with 88.33% of expenses directed towards their programs, highlighting their commitment to effective service delivery.
However, while the financial practices and independence of board members are commendable, further details regarding the impact and outcomes of their programs were not assessed in this rating. As such, stakeholders may want additional information on the organization's actual effectiveness in fulfilling its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Beach Events Unlimited Inc legitimate?
Virginia Beach Events Unlimited Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Beach Events Unlimited 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: $293,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $490,512
For more financial information, click here
Official website here: www.neptunefestival.com
What is the mission statement of Virginia Beach Events Unlimited Inc?
Virginia Beach Events Unlimited Inc's mission is centered around organizing high-quality, safe, and diverse events. The primary objective is to strengthen family values and foster togetherness, while simultaneously creating a positive economic impact. Additionally, the organization aims to showcase the distinctive character of the event's host city. This is achieved through a variety of activities, including sporting events, arts and cultural programs, community celebrations, and fundraising opportunities for numerous civic and non-profit organizations.
Official website here: www.neptunefestival.com
Who is the CEO of Virginia Beach Events Unlimited Inc?
David Burton is the Chairman of Virginia Beach Events Unlimited Inc. The CEO's salary of Virginia Beach Events Unlimited Inc is $160,000 and their total compensation is $160,000.
Official website here: www.neptunefestival.com
What is the revenue of Virginia Beach Events Unlimited Inc?
Virginia Beach Events Unlimited Inc's revenue in 2022 was $3,013,122.
Official website here: www.neptunefestival.com
Who are the executives of Virginia Beach Events Unlimited Inc and what are their salaries?
The average compensation at Virginia Beach Events Unlimited Inc during 2022 was $71,311. There are 11 employees and 950 volunteers at Virginia Beach Events Unlimited Inc.
Here are 34 key members and their salaries (Virginia Beach Events Unlimited Inc's CEO's salary is $160,000 and their total compensation is $160,000):
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Official website here: www.neptunefestival.com
Where can I find the form 990 for Virginia Beach Events Unlimited Inc?
Virginia Beach Events Unlimited Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neptunefestival.com
Learn more at the official website: www.neptunefestival.com
Mission Statement of Virginia Beach Events Unlimited Inc
Virginia Beach Events Unlimited Inc, established in 1973, is dedicated to its mission of delivering high-quality, secure, and diverse events that foster family values and unity, positively impact the local economy, and showcase Virginia Beach's distinctive seaside charm. This nonprofit organization accomplishes this by collaborating with various local businesses, civic and non-profit entities, military and veterans groups, and individual volunteers. Throughout the year, Virginia Beach Events Unlimited Inc organizes over forty events and activities that cater to a wide range of interests, with many being free for the public. These events encompass sports activities that encourage health and wellness, artistic and cultural events that celebrate creativity, and community-focused events that strengthen social bonds. Furthermore, the organization provides opportunities for fundraising for numerous civic and non-profit organizations.
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Impact
July, 2024
Virginia Beach Events Unlimited Inc, through its various events and activities, has a significant impact on the community of Virginia Beach. By providing quality, safe, and diverse events that promote family values and togetherness, they contribute to the overall well-being and happiness of local residents. Additionally, the organization's activities not only enhance the economic development of the region but also showcase Virginia Beach as a vibrant city by the sea.
With a wide range of events including sporting activities, arts and cultural events, community celebrations, and fundraising opportunities for numerous civic and non-profit organizations, Virginia Beach Events Unlimited Inc creates a sense of unity and belonging among residents. Their efforts help foster a healthy lifestyle, support local arts and culture, and provide valuable fundraising opportunities for community organizations.
Overall, the impact of Virginia Beach Events Unlimited Inc extends beyond just providing entertainment; it plays a vital role in strengthening the community, boosting the local economy, and promoting the unique identity of Virginia Beach.
This information is meant to be a general summary of Virginia Beach Events Unlimited 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: $249
- Program Service Revenue: $1,114,845
- Gross Receipts: $3,049,705
Assets and Liabilities:
- Total Assets: $1,609,096
- Total Liabilities: $250,076
- Net Assets: $1,359,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Neptune Festival Events
Revenue
$1,114,845
Organization Details
Founding Year
1973
Principal Officer
David Burton
Main Address
265 KINGS GRANT RD STE 102, VIRGINIA BEACH, VA, 23452
Website
www.neptunefestival.comNTEE Category
Code: N52Z - Recreation
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