Overview
What is Oktoberfest Inc?
Oktoberfest Inc, established in Tulsa, Oklahoma, is a distinguished nonprofit organization that has been cherished for generations. Their primary mission is to celebrate and promote German and European culture, achieving this through the annual Linde Oktoberfest Tulsa festival. This event offers an array of authentic German food, beverages, and entertainment, fostering a sense of community and heritage. By organizing this festival, Oktoberfest Inc plays a vital role in preserving and sharing the rich cultural traditions of Germany and Europe with the local community.
What are the reviews and ratings of this charity?
**Oktoberfest Inc (EIN: 731154567) - Charity Navigator Rating: One-Star out of Four Stars (52%)**
Oktoberfest Inc has received a One-Star rating from Charity Navigator, mainly due to significant concerns in accountability and finance. The organization has no independent board members, which raises questions about governance. Key policies that are standard for many nonprofits, such as conflict of interest and whistleblower policies, are missing, indicating a lack of foundational operational processes.
Despite these deficiencies, the organization's financial standing shows a positive program expense ratio of 100%, which suggests that it directs all its expenditures toward its programs. However, transparency issues arise from the lack of posted financial statements on its website and the absence of essential compliance documents.
User reviews from GreatNonprofits could not be retrieved, leaving an incomplete picture of public sentiment towards the organization. Given the rating and feedback regarding governance and operational transparency, potential donors may want to consider these factors carefully before engaging with Oktoberfest Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Oktoberfest Inc legitimate?
Oktoberfest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oktoberfest 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Oktoberfest Inc?
Oktoberfest Inc, as an organization, is dedicated to promoting German and European culture through the medium of festivals. They achieve this mission by organizing events that showcase authentic German food, drink, and entertainment. This long-standing tradition has been a source of joy and cultural education for generations of people in various locations, including Tulsa. The festivals hosted by Oktoberfest Inc serve to preserve and celebrate German and European heritage, fostering a sense of community and shared appreciation for these cultures.
Who is the CEO of Oktoberfest Inc?
Tonja Carrigg is the Director of Oktoberfest Inc.
What is the revenue of Oktoberfest Inc?
Oktoberfest Inc's revenue in 2022 was $7,024,472.
Who are the executives of Oktoberfest Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Oktoberfest Inc?
Oktoberfest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oktoberfest Inc
Oktoberfest Inc, a renowned organization, is dedicated to fostering an appreciation for German and European culture primarily through the conduction of festivals. By organizing these events, Oktoberfest Inc seeks to preserve and share the rich traditions and heritage of these cultures with the wider community. One of their most celebrated festivals, Linde Oktoberfest Tulsa, has been delighting generations of Oklahomans with authentic German food, drinks, and festivities.
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Impact
July, 2024
Oktoberfest Inc's impact is significant in promoting German and European culture through its festivals. Linde Oktoberfest Tulsa, as one of Tulsa's most celebrated events, has a long and storied history of providing authentic German food, drink, and entertainment to generations of Oklahomans. Through its mission to promote German and European culture, Oktoberfest Inc has become a cultural hub in Tulsa, fostering appreciation for the arts and traditions of these regions. This impact is reflected in the enthusiastic participation and support received from the community during the festival.
This information is meant to be a general summary of Oktoberfest 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: $6,022
- Program Service Revenue: $4,133,144
- Gross Receipts: $7,024,472
Assets and Liabilities:
- Total Assets: $2,688,468
- Total Liabilities: $8,000
- Net Assets: $2,680,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Festival Operations
Revenue
$4,133,144
Organization Details
Founding Year
1982
Phone
(918) 596-2007Principal Officer
Tonja Carrigg
Main Address
2121 S Columbia Ave 205, Tulsa, OK, 74114
NTEE Category
Code: A230 - Arts
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