Overview
What is Norfolk Festevents Ltd?
Norfolk Festevents Ltd, based in Norfolk, Virginia, is a nonprofit organization that plays a significant role in the community by organizing and promoting various events. Their mission is to serve the city by planning and coordinating city-sponsored events and promotions, while also showcasing leadership in the industry on a local, regional, and national level. They specialize in producing and promoting periodic harbor shows, festivals, and exhibitions for the education, benefit, and welfare of the citizens of Hampton Roads, Virginia. These events include, but are not limited to, Norfolk Harborfest, Bayou Boogaloo, holiday celebrations, music festivals, and wine festivals. With a workforce of 104 individuals, Norfolk Festevents Ltd contributes to charitable, civic, and educational programs in the region.
Official website here: www.festevents.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Norfolk Festevents Ltd has achieved a high rating of 96%, reflecting exemplary performance in accountability and finance. This score is derived solely from a single beacon score, emphasizing the organization's commitment to maintaining robust financial practices and transparency. The perfect scores in areas such as the independence of board members and financial audits highlight its strong governance structure.
The organization demonstrates a commendable level of accountability, with 100% of its board members being independent and a well-maintained conflict of interest policy. Its financial statements are thoroughly audited, ensuring reliability and trustworthiness in its fiscal reporting. Additionally, the low liabilities to assets ratio of 10.65% and a program expense ratio of 69.84% indicate that a significant portion of its funds is being utilized for its mission-related programs.
While the data provided reflects a strong overall performance, it does not elaborate on specific programs or the direct impact of its activities. This may be an area for potential improvement, as stakeholders often seek insight into how financial health translates into tangible outcomes for the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Norfolk Festevents Ltd?
88% of reviewers on Facebook recommend Norfolk Festevents Ltd. Here's a summary of their thoughts:
Many participants appreciate the organization for its effective communication regarding upcoming events, noting that this allows them to plan ahead and fully engage in the festivities. The ease of accessing information and the variety of events offered contribute positively to their experiences.
Overall, supporters view Norfolk Festevents as a valuable resource in the community, helping to bring people together through well-planned and informative programming. The organization appears to meet expectations and fosters a sense of excitement about local happenings.
This AI summary has been generated from reviews found on Facebook.
Is Norfolk Festevents Ltd legitimate?
Norfolk Festevents Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norfolk Festevents Ltd 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: $544,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $807,389
For more financial information, click here
Official website here: www.festevents.org
What is the mission statement of Norfolk Festevents Ltd?
Norfolk Festevents Ltd's mission is centered around producing and promoting periodic harbor shows, festivals, and exhibitions. The organization serves a purpose beyond just organizing events; it also assists in planning and coordinating city-sponsored events and promotions. Norfolk Festevents Ltd strives to lead in the industry on a local, regional, and national level. Furthermore, the organization supports various charitable, civic, and educational programs through its activities. The events produced by Norfolk Festevents Ltd, such as Norfolk Harborfest, Bayou Boogaloo, Holiday Celebrations, music festivals, and wine festivals, aim to benefit and enhance the well-being of the citizens of a particular region.
Official website here: www.festevents.org
Who is the CEO of Norfolk Festevents Ltd?
Judy Barrett is the President of Norfolk Festevents Ltd.
Official website here: www.festevents.org
What is the revenue of Norfolk Festevents Ltd?
Norfolk Festevents Ltd's revenue in 2022 was $6,663,480.
Official website here: www.festevents.org
Who are the executives of Norfolk Festevents Ltd and what are their salaries?
The average compensation at Norfolk Festevents Ltd during 2022 was $12,998. There are 104 employees and 350 volunteers at Norfolk Festevents Ltd.
Here are 51 key members and their salaries:
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Official website here: www.festevents.org
Where can I find the form 990 for Norfolk Festevents Ltd?
Norfolk Festevents Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.festevents.org
Learn more at the official website: www.festevents.org
Mission Statement of Norfolk Festevents Ltd
Norfolk Festevents Ltd, a renowned organization, is committed to serving its city by planning and coordinating city-sponsored events and promotions. Its mission is multifaceted, aiming to provide leadership in the events industry on a local, regional, and national scale. Furthermore, the organization is dedicated to supporting charitable, civic, and educational programs. In practice, Norfolk Festevents Ltd produces and promotes a variety of shows, festivals, and exhibitions for the benefit and welfare of the citizens of Hampton Roads, Virginia. These events, such as Norfolk Harborfest, Bayou Boogaloo, holiday celebrations, music festivals, and wine festivals, educate and entertain the community. The organization's role is instrumental in enhancing the cultural and social fabric of the city, making it an invaluable asset to the community it serves.
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Impact
July, 2024
Norfolk Festevents Ltd's impact lies in producing and promoting various harbor shows, festivals, and exhibitions for the education, benefit, and welfare of the citizens of Hampton Roads, Virginia. By organizing events such as Norfolk Harborfest, Bayou Boogaloo, holiday celebrations, music festivals, and wine festivals, the organization enhances the cultural and recreational offerings of the city of Norfolk. Additionally, Norfolk Festevents Ltd plays a role in supporting charitable, civic, and educational programs while providing leadership in the event planning industry at the local, regional, and national levels. Their efforts contribute to the community's vibrancy, entertainment opportunities, and overall quality of life.
This information is meant to be a general summary of Norfolk Festevents Ltd. 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: $6,376
- Program Service Revenue: $1,760,951
- Gross Receipts: $6,673,742
Assets and Liabilities:
- Total Assets: $4,583,271
- Total Liabilities: $488,485
- Net Assets: $4,094,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$984,363
EVENT INCOME
Revenue
$534,746
Organization Details
Founding Year
1979
Phone
(757) 441-2345Principal Officer
Judy Barrett
Main Address
120 WEST MAIN STREET, NORFOLK, VA, 23510
Website
www.festevents.orgNTEE Category
Code: N52Z - Recreation
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