Overview
What is Fiesta Of Five Flags Foundation Inc?
Fiesta Of Five Flags Foundation Inc, located in Pensacola, Florida, is a nonprofit organization dedicated to supporting the celebration of Pensacola's rich heritage. Their primary mission involves the advancement of educational, historical, and patriotic celebrations, as well as community festivals that honor and commemorate the first settlement in Florida. They operate from 125 S ALCANIZ ST SUITE 3, Pensacola, FL 32502. Although the information provided is limited, it suggests that this foundation plays a crucial role in preserving and celebrating the culture and history of Pensacola.
Official website here: www.fiestapensacola.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall Score: 73%.
The Fiesta Of Five Flags Foundation Inc has received a two-star rating from Charity Navigator, indicating room for improvement in its accountability and financial practices. The organization demonstrates a strong governance structure, as evidenced by having 100% independent board members and achieving a perfect score in the liabilities to assets ratio, suggesting financial stability. Moreover, the program expense ratio is commendable at approximately 79.84%, indicating a significant portion of funds is directed towards programs.
However, the foundation faces notable weaknesses, particularly regarding transparency and adherence to certain best practices. Key documents such as financial statements and the nonprofit's tax form are missing, which adversely affects its accountability score. Additionally, the absence of a whistleblower policy and document retention policy raises concerns about the organization's operational governance.
Overall, while Fiesta Of Five Flags Foundation Inc shows strengths in program spending and independent governance, it needs to address its transparency and policy gaps to enhance its accountability and trustworthiness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Fiesta Of Five Flags Foundation Inc legitimate?
Fiesta Of Five Flags Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiesta Of Five Flags Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fiestapensacola.org
What is the mission statement of Fiesta Of Five Flags Foundation Inc?
The Fiesta Of Five Flags Foundation Inc's mission is centered around promoting educational, historical, and patriotic celebrations, as well as community festivals. These events are designed to celebrate and commemorate the first settlement in Florida. The foundation's primary goal is to assist in the presentation of the Fiesta celebration, which honors Pensacola's rich heritage. By doing so, they contribute to enhancing community spirit and fostering a deeper understanding of the area's history.
Official website here: www.fiestapensacola.org
Who is the CEO of Fiesta Of Five Flags Foundation Inc?
Tom Owens is the Secretary of Fiesta Of Five Flags Foundation Inc.
Official website here: www.fiestapensacola.org
What is the revenue of Fiesta Of Five Flags Foundation Inc?
Fiesta Of Five Flags Foundation Inc's revenue in 2022 was $577,475.
Official website here: www.fiestapensacola.org
Who are the executives of Fiesta Of Five Flags Foundation Inc and what are their salaries?
There 300 volunteers at Fiesta Of Five Flags Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.fiestapensacola.org
Where can I find the form 990 for Fiesta Of Five Flags Foundation Inc?
Fiesta Of Five Flags Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fiestapensacola.org
Learn more at the official website: www.fiestapensacola.org
Mission Statement of Fiesta Of Five Flags Foundation Inc
The Fiesta Of Five Flags Foundation Inc is committed to contributing to the presentation of the Fiesta celebration, which honors Pensacola's rich heritage. Their mission, in essence, revolves around the advancement of educational, historical, and patriotic celebrations, as well as community festivals. These events serve to celebrate and commemorate the first settlement in Florida, thereby preserving and promoting the area's cultural heritage. The foundation plays a vital role in orchestrating these celebrations, ensuring that the community can appreciate and learn from its past.
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Impact
July, 2024
The Fiesta Of Five Flags Foundation Inc's impact is centered around advancing educational, historical, and patriotic celebrations and community festivals celebrating and commemorating the first settlement in Florida. Through its activities, the foundation contributes to preserving and promoting Pensacola's heritage and fostering a sense of community pride. Their work embodies the spirit of the Fiesta celebration, enriching the cultural landscape of the city and engaging individuals in the local arts scene.
This information is meant to be a general summary of Fiesta Of Five Flags Foundation 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: $784
- Program Service Revenue: $277,833
- Gross Receipts: $629,671
Assets and Liabilities:
- Total Assets: $1,351,700
- Total Liabilities: $0
- Net Assets: $1,351,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIESTA COURT
Revenue
$214,700
KREWE BALL
Revenue
$38,091
FIESTA DAYS
Revenue
$25,042
Organization Details
Founding Year
1951
Phone
(850) 433-6512Principal Officer
Tom Owens
Main Address
125 S ALCANIZ ST SUITE 3, PENSACOLA, FL, 32502
Website
www.fiestapensacola.orgNTEE Category
Code: A840 - Arts
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