Overview
What is Urbanna Oyster Festival Foundation?
The Urbanna Oyster Festival Foundation is a nonprofit organization that hosts an annual two-day cultural event. This Festival serves as a platform for providing information, education, and entertainment while generating funds for local civic groups. The event is primarily focused on showcasing cultural arts, making it a two-day celebration of the community's heritage. The Foundation's mission aligns with offering a unique blend of cultural exposure, learning opportunities, and charitable fundraising.
Official website here: www.urbannaoysterfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Urbanna Oyster Festival Foundation has received an 83% rating, indicating a strong performance primarily in the area of Accountability & Finance. This rating reflects a solid governance structure, with an entirely independent board and no material diversion of assets. The foundation shows a commendable program expense ratio of 89.64%, suggesting that a significant portion of its resources is directed towards its programs and initiatives.
While the organization demonstrates several strengths, there are notable areas for improvement. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, both of which are considered best practices for nonprofit governance. Additionally, the foundation does not have its tax form posted on its website, which can limit transparency for potential donors and stakeholders.
In summary, the Urbanna Oyster Festival Foundation exhibits strong financial accountability and effective management, but it could enhance its governance by implementing the missing policies and improving transparency regarding its tax documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Urbanna Oyster Festival Foundation legitimate?
Urbanna Oyster Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urbanna Oyster Festival Foundation 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:
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Other Salaries and Wages: $25,988
For more financial information, click here
Official website here: www.urbannaoysterfestival.com
What is the mission statement of Urbanna Oyster Festival Foundation?
The Urbanna Oyster Festival Foundation's mission revolves around organizing an annual two-day cultural event. This festival serves multiple purposes, including providing cultural education, entertainment, and fundraising opportunities for local civic groups. The primary objective of the festival is to promote cultural understanding and engagement while simultaneously generating resources for various community organizations.
Official website here: www.urbannaoysterfestival.com
Who is the CEO of Urbanna Oyster Festival Foundation?
Dick Goyne is the Chairman of Urbanna Oyster Festival Foundation.
Official website here: www.urbannaoysterfestival.com
What is the revenue of Urbanna Oyster Festival Foundation?
Urbanna Oyster Festival Foundation's revenue in 2023 was $121,211.
Official website here: www.urbannaoysterfestival.com
Who are the executives of Urbanna Oyster Festival Foundation and what are their salaries?
The average compensation at Urbanna Oyster Festival Foundation during 2023 was $25,988. There is 1 employee and 100 volunteers at Urbanna Oyster Festival Foundation.
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Official website here: www.urbannaoysterfestival.com
Where can I find the form 990 for Urbanna Oyster Festival Foundation?
Urbanna Oyster Festival Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.urbannaoysterfestival.com
Learn more at the official website: www.urbannaoysterfestival.com
Mission Statement of Urbanna Oyster Festival Foundation
The Urbanna Oyster Festival Foundation is an organization that annually hosts a two-day cultural arts festival. Their mission is to offer educational, entertaining, and fundraising opportunities for local civic groups. This event serves as a platform to disseminate cultural information, thereby promoting understanding and appreciation among the community. The festival, which lasts for two days, is a significant event that contributes to the local community, fostering unity and providing a platform for civic groups to raise funds for their initiatives.
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Impact
October, 2024
The Urbanna Oyster Festival Foundation significantly enriches the local community through its annual two-day cultural arts festival. This event serves as a vibrant celebration of cultural heritage, providing attendees with valuable information and educational experiences that highlight the rich tradition of oyster harvesting and the surrounding area's history.
The festival offers a diverse array of entertainment, attracting visitors who contribute to the local economy and fostering a sense of community spirit. Local civic groups benefit from fundraising opportunities during the event, enabling them to support various initiatives and projects that enhance the quality of life in Urbanna.
By promoting arts and cultural engagement, the festival fosters community pride and showcases the talents of local artisans and performers. Overall, the Urbanna Oyster Festival Foundation plays a vital role in sustaining and promoting the cultural fabric of Urbanna, Virginia, while also boosting local economic activity and supporting civic involvement.
This information is meant to be a general summary of Urbanna Oyster Festival Foundation. 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: $588
- Gross Receipts: $288,623
Assets and Liabilities:
- Total Assets: $312,763
- Total Liabilities: $23,229
- Net Assets: $289,534
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Organization Details
Founding Year
1957
Phone
(804) 758-2122Principal Officer
Dick Goyne
Main Address
DRAWER C, URBANNA, VA, 23175
NTEE Category
Code: A20 - Arts
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