Overview
What is Tri-State Music Festival Inc?
Tri-State Music Festival Inc, based in Enid, Oklahoma, is a nonprofit organization with a focus on providing an enriching musical education experience for elementary, middle, and high school students. Through annual contests, the festival aims to leave a lasting impact on its participants. With a small team of dedicated individuals, the organization strives to contribute to the development of young musicians in the area.
Official website here: www.tristatemusicfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Tri-State Music Festival Inc has received a solid Three-Star rating, reflecting a score of 76%. This rating is primarily based on the organization's commitment to accountability and finance, achieving full points in several categories, including independent board membership and material diversion of assets. The organization demonstrates strong financial health with a program expense ratio of nearly 95%, indicating that a significant portion of its expenditures is directed towards its core mission.
However, there are notable shortcomings in the governance practices of Tri-State Music Festival Inc. The charity is missing key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which detracts from its overall score in the Accountability & Finance beacon. While the organization has a majority independent board and is transparent in its financial reporting, the absence of these governance structures raises some concerns about its operational policies.
In summary, while Tri-State Music Festival Inc shows strong financial responsibility and an independent board, the lack of essential governance policies may hinder its overall effectiveness. For potential donors and supporters, these factors should be considered when deciding to contribute to or engage with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tri-State Music Festival Inc legitimate?
Tri-State Music Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-State 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tristatemusicfestival.com
What is the mission statement of Tri-State Music Festival Inc?
The mission of Tri-State Music Festival Inc, as stated, revolves around providing an educational music experience with lasting impact. This is achieved through an annual festival where elementary, middle, and high school music students participate in a contest. The primary objective is to positively influence these students' musical journeys, aiming for a lifelong impact on their musical abilities and passion.
Official website here: www.tristatemusicfestival.com
Who is the CEO of Tri-State Music Festival Inc?
Debbie Lambert is the Manager/Director of Tri-State Music Festival Inc.
Official website here: www.tristatemusicfestival.com
What is the revenue of Tri-State Music Festival Inc?
Tri-State Music Festival Inc's revenue in 2023 was $58,193.
Official website here: www.tristatemusicfestival.com
Who are the executives of Tri-State Music Festival Inc and what are their salaries?
The average compensation at Tri-State Music Festival Inc during 2023 was $24,000. There is 1 employee and 65 volunteers at Tri-State Music Festival Inc.
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Official website here: www.tristatemusicfestival.com
Where can I find the form 990 for Tri-State Music Festival Inc?
Tri-State Music Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tristatemusicfestival.com
Learn more at the official website: www.tristatemusicfestival.com
Mission Statement of Tri-State Music Festival Inc
Tri-State Music Festival Inc, as its mission statement suggests, is dedicated to crafting an enriching musical education experience for students from elementary school through high school. The organization's primary objective is to provide these young musicians with an impactful musical journey that lasts a lifetime. This is accomplished through the annual music festival, where students participate in a competitive setting, thereby reaping the benefits of this educational experience.
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Impact
August, 2024
Tri-State Music Festival Inc has a significant impact on the lives of elementary, middle, and high school music students who participate in their annual music festival. By providing a platform for young musicians to showcase their talents, receive feedback from professionals, and engage in friendly competition, Tri-State Music Festival Inc helps to foster a lifelong love of music and support the development of young artists. Through this educational music experience, the organization plays a vital role in nurturing the next generation of musicians and promoting the arts in the community.
This information is meant to be a general summary of Tri-State 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 2023.
- Investment Income: $1,115
- Program Service Revenue: $55,453
- Gross Receipts: $58,193
Assets and Liabilities:
- Total Assets: $124,231
- Total Liabilities: $2,191
- Net Assets: $122,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Entry Fees
Revenue
$35,399
Carnival
Revenue
$20,054
Organization Details
Founding Year
1967
Phone
(580) 237-4964Principal Officer
Debbie Lambert
Main Address
PO Box 5908, Enid, OK, 73702
NTEE Category
Code: A68 - Arts
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