Overview
What is Friends Of The Festival Inc?
Friends of the Festival Inc, based in Chattanooga, Tennessee, is a distinguished nonprofit organization with over four decades of experience in event production. Their primary mission is to deliver top-notch events, with the Riverbend Festival serving as their flagship event. This nonprofit aims to foster economic development, community involvement, and harmony within the Chattanooga area. Beyond their own events, Friends of the Festival lends their expertise, resources, and partnerships to other organizations, offering tailored logistical services and consultation to meet specific event planning needs. Their team, consisting of 11 dedicated individuals, is committed to making a positive impact in their community.
Official website here: www.riverbendfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Friends Of The Festival Inc has earned a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The charity’s overall score is derived entirely from its accountability and finance metrics, which are critical for donor trust and organizational transparency. The rating indicates that the organization effectively manages its financial resources while maintaining compliance with best practices in governance.
One of the key strengths highlighted is the composition of its board, which consists entirely of independent members, demonstrating a commitment to unbiased decision-making. The charity also showcases robust financial oversight, with an audit and oversight committee ensuring that it adheres to high standards of financial integrity. Furthermore, the organization has a low ratio of liabilities to assets, indicating strong financial health.
While the rating reflects excellence in several areas, it primarily focuses on financial aspects. There is no detailed feedback regarding programmatic impact or community engagement, which are also essential to a nonprofit's overall effectiveness. However, the solid performance in accountability suggests that Friends Of The Festival Inc is well-managed and reliable for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Festival Inc legitimate?
Friends Of The Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,262
For more financial information, click here
Official website here: www.riverbendfestival.com
What is the mission statement of Friends Of The Festival Inc?
Friends of the Festival Inc, a non-profit organization with expertise in event production, is dedicated to producing, managing, and operating premier events. Their flagship event is the Riverbend Festival. With over 40 years of experience, they lend their expertise, resources, and partnerships to other organizations, providing tailored logistical services and consultations to meet specific event planning needs. Their mission extends beyond their own events, demonstrating a commitment to supporting the broader event production community.
Official website here: www.riverbendfestival.com
Who is the CEO of Friends Of The Festival Inc?
Mickey Mccamish is the Director of Friends Of The Festival Inc.
Official website here: www.riverbendfestival.com
What is the revenue of Friends Of The Festival Inc?
Friends Of The Festival Inc's revenue in 2023 was $2,162,708.
Official website here: www.riverbendfestival.com
Who are the executives of Friends Of The Festival Inc and what are their salaries?
The average compensation at Friends Of The Festival Inc during 2023 was $25,206. There are 11 employees and 900 volunteers at Friends Of The Festival Inc.
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- Compensation: $100,000
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Official website here: www.riverbendfestival.com
Where can I find the form 990 for Friends Of The Festival Inc?
Friends Of The Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.riverbendfestival.com
Learn more at the official website: www.riverbendfestival.com
Mission Statement of Friends Of The Festival Inc
Friends of the Festival Inc, a non-profit organization with over 40 years of event production experience in the greater Chattanooga area, is dedicated to producing, managing, and operating premier events. Leveraging its expertise in planning, implementation, and management, this organization lends its resources and partnerships to other organizations in need of event planning assistance. Friends of the Festival Inc provides a comprehensive range of logistical services and consultations tailored to meet specific event planning needs, demonstrating its commitment to supporting a diverse range of events.
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Impact
July, 2024
Friends Of The Festival Inc's impact is significant in the Chattanooga, TN area. Through the annual Riverbend Festival and other events, they promote economic development, community involvement, and harmony in the region. With over 40 years of experience in event production, the organization lends its expertise, resources, and partnerships to support other organizations in planning and managing successful events. Friends Of The Festival Inc plays a crucial role in boosting the local economy, fostering community engagement, and creating a sense of unity in Chattanooga.
This information is meant to be a general summary of Friends Of The 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: $20,167
- Program Service Revenue: $970,640
- Gross Receipts: $2,321,587
Assets and Liabilities:
- Total Assets: $1,274,804
- Total Liabilities: $32,840
- Net Assets: $1,241,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$970,640
Organization Details
Founding Year
1981
Phone
(423) 756-2212Principal Officer
Mickey Mccamish
Main Address
426 MARKET STREET, CHATTANOOGA, TN, 37402
Website
www.riverbendfestival.comNTEE Category
Code: N52I - Recreation
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