Overview
What is Mcdowell Mountain Music Festival Inc?
Mcdowell Mountain Music Festival Inc, based in Phoenix, Arizona, is a charitable organization with a mission to bring the community together through music, arts, and food events. They organize and promote music festivals, concerts, and related activities, emphasizing the importance of music in shaping Arizona's culture and education. The nonprofit also seeks to support underprivileged individuals by providing educational opportunities and financial aid to family-focused charities, aiming to foster equitable advancement for underserved communities. Their activities extend beyond entertainment, aiming to strengthen community bonds and preserve music's role in future generations.
Official website here: www.m3ffest.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mcdowell Mountain Music Festival Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas needing improvement, particularly in its accountability and financial practices. It boasts a high program expense ratio of 98.63%, which suggests that the majority of its funds are directed toward its mission-related activities. Additionally, the organization has a fully independent board, which is a positive aspect for governance.
Despite these strengths, the festival faces significant shortcomings in its financial reporting and transparency. The absence of financial statements and key policies, such as conflict of interest and whistleblower policies, raises concerns about its operational integrity. Furthermore, the nonprofit has not posted its tax form on its website, which limits public access to essential financial information.
While the low liabilities to assets ratio indicates sound financial health, the overall lack of governance documentation and policy frameworks points to a need for greater accountability. Addressing these gaps could enhance trust and operational effectiveness, ultimately benefiting the festival's mission and its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mcdowell Mountain Music Festival Inc legitimate?
Mcdowell Mountain Music Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcdowell Mountain Music 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.m3ffest.com
What is the mission statement of Mcdowell Mountain Music Festival Inc?
The Mcdowell Mountain Music Festival Inc's mission is centered around organizing and promoting music festivals, concerts, and related activities to foster music appreciation among family members. This organization also emphasizes the role of music in shaping and defining Arizona's culture and education. Their mission includes connecting the community through a festival gathering that incorporates music, arts, and food. They aim to entertain the community, companies, and their employees. Additionally, they strive to educate the underprivileged, support the growth and existence of the arts for future generations, and provide financial support and education to family-based charities, aiming for equitable advancement for the underprivileged.
Official website here: www.m3ffest.com
Who is the CEO of Mcdowell Mountain Music Festival Inc?
John Largay Jr is the Principal Officer of Mcdowell Mountain Music Festival Inc.
Official website here: www.m3ffest.com
What is the revenue of Mcdowell Mountain Music Festival Inc?
Mcdowell Mountain Music Festival Inc's revenue in 2022 was $3,508,782.
Official website here: www.m3ffest.com
Who are the executives of Mcdowell Mountain Music Festival Inc and what are their salaries?
There 300 volunteers at Mcdowell Mountain Music Festival Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.m3ffest.com
Where can I find the form 990 for Mcdowell Mountain Music Festival Inc?
Mcdowell Mountain Music Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.m3ffest.com
Learn more at the official website: www.m3ffest.com
Mission Statement of Mcdowell Mountain Music Festival Inc
Mcdowell Mountain Music Festival Inc is committed to organizing and promoting music festivals, concerts, and similar music appreciation activities among family members. Their mission is to highlight music's role in shaping Arizona's culture and education. The organization strives to connect the community through a festival gathering, including music, arts, and food. This event serves as a platform to entertain the community, companies, and their employees. Moreover, Mcdowell Mountain Music Festival Inc aims to educate the underprivileged, supporting the arts in an effort to ensure their growth and survival for future generations to enjoy. Additionally, the nonprofit provides financial support and education to family-based charities, working towards equitable advancement for the underprivileged.
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Impact
July, 2024
Mcdowell Mountain Music Festival Inc's impact is substantial in connecting the community through a festival gathering that includes music, arts, and food. By entertaining the community and supporting the arts, the organization plays a key role in promoting Arizona's culture and education. Additionally, by providing financial support and education to family-based charities, Mcdowell Mountain Music Festival Inc ensures equitable advancement for the underprivileged and supports the growth and existence of the arts for future generations to enjoy.
This information is meant to be a general summary of Mcdowell Mountain Music 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 2022.
- Investment Income: $1
- Program Service Revenue: $2,327,396
- Gross Receipts: $3,553,238
Assets and Liabilities:
- Total Assets: $1,644,397
- Total Liabilities: $14,445
- Net Assets: $1,629,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC FESTIVAL
Revenue
$2,327,396
Organization Details
Founding Year
2002
Phone
(602) 956-1323Principal Officer
John Largay Jr
Main Address
9440 NORTH 26TH STREET 100, PHOENIX, AZ, 85028
Website
www.m3ffest.comNTEE Category
Code: A68 - Arts
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