Overview
What is Columbia Festival Inc?
Columbia Festival Inc is a nonprofit organization that has shifted its focus from organizing a yearly multi-arts event to hosting four quarterly festivals. Each festival showcases approximately 65 diverse events across various venues, drawing in an annual audience of more than 25,000 individuals. The organization's primary mission is to promote and celebrate various art forms, bringing together a wide range of people.
Official website here: www.columbiafestival.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Columbia Festival Inc has demonstrated strong performance in accountability and finance, evidenced by its impressive score of 96. The organization boasts a fully independent board of 16 members, with no material diversion of assets reported. They have well-documented policies in place, including conflict of interest and whistleblower policies, which contribute to their high standards of governance.
While the organization maintains a solid program expense ratio of 69.34%, indicating a significant portion of its funds goes towards its programs, its Culture & Community Score and Equity Strategies Score are lower at 73 out of 100 points. This suggests that while Columbia Festival Inc is effective in many areas, there may be room for improvement in fostering community engagement and implementing equity-focused strategies within its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Festival Inc legitimate?
Columbia Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia 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: $62,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,917
For more financial information, click here
Official website here: www.columbiafestival.org
What is the mission statement of Columbia Festival Inc?
Columbia Festival Inc's mission has evolved, shifting from organizing a yearly multi-arts event to hosting four seasonal festivals annually. These quarterly events showcase a diverse array of 65 performances across various locations, drawing in an audience of approximately 25,000 individuals each year. The objective of Columbia Festival Inc is to make arts and culture more accessible and engaging to a wider audience, thereby fostering a vibrant and culturally rich community.
Official website here: www.columbiafestival.org
What is the revenue of Columbia Festival Inc?
Columbia Festival Inc's revenue in 2023 was $464,230.
Official website here: www.columbiafestival.org
Who are the executives of Columbia Festival Inc and what are their salaries?
The average compensation at Columbia Festival Inc during 2023 was $41,556. There are 4 employees and 289 volunteers at Columbia Festival Inc.
Here are 17 key members and their salaries:
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Official website here: www.columbiafestival.org
Where can I find the form 990 for Columbia Festival Inc?
Columbia Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.columbiafestival.org
Learn more at the official website: www.columbiafestival.org
Mission Statement of Columbia Festival Inc
Columbia Festival, a noted organization, has evolved its mission from organizing a yearly multi-arts event into hosting four quarterly festivals. This transformation allows the organization to present a diverse range of 65 events across various venues, attracting an impressive crowd of over 25,000 individuals annually. The shift in strategy allows Columbia Festival to reach a broader audience and engage with the community more frequently, creating a vibrant and lively cultural scene.
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Impact
July, 2024
Columbia Festival Inc's impact is substantial, transitioning from producing a single annual multi-arts event to a quarterly festival. They now present 65 events in various locations, attracting over 25,000 people each year. This increased frequency and diversity of events have significantly expanded their reach and engagement within the community, making a notable contribution to the cultural scene of Columbia, Maryland.
This information is meant to be a general summary of Columbia 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 2023.
- Investment Income: $7,980
- Program Service Revenue: $95,939
- Gross Receipts: $517,539
Assets and Liabilities:
- Total Assets: $673,202
- Total Liabilities: $130,060
- Net Assets: $543,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$1,386
CONTRACT INCOME
Revenue
$71,850
TICKET SALES
Revenue
$22,703
Organization Details
Founding Year
1988
Principal Officer
Alison Hickman
Website
www.columbiafestival.orgNTEE Category
Code: A200 - Arts
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