Overview
What is Neches River Festival Inc?
Neches River Festival Inc, located in Beaumont, Texas, is a nonprofit organization that primarily focuses on promoting the southeastern region of the state. Their primary mission is to boost the visibility and appeal of the area, thereby fostering a sense of community and engagement within the local populace. The festival they host serves as a platform for showcasing the unique attractions and culture of southeast Texas, thereby contributing to its overall development and growth.
Official website here: www.nechesriverfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
Neches River Festival Inc has received a Two-Star rating, indicating some strengths alongside notable weaknesses. The organization demonstrates a solid commitment to program expenses, with an impressive program expense ratio of 89.95%. Additionally, it has a fully independent board, comprising 77% independent members, which contributes positively to its governance structure.
However, there are significant areas for improvement, particularly in transparency and accountability. The charity lacks essential financial statements and policies regarding conflicts of interest and whistleblower protections, which are critical for maintaining trust and ensuring ethical governance. Furthermore, the absence of a posted tax form on the nonprofit’s website limits public access to financial information, which could affect stakeholder confidence.
Overall, while Neches River Festival Inc shows dedication to its programs and has a competent board, addressing its governance policies and financial transparency will be crucial for enhancing its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Neches River Festival Inc legitimate?
Neches River Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neches River 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: $61,800
For more financial information, click here
Official website here: www.nechesriverfestival.com
What is the mission statement of Neches River Festival Inc?
The mission of Neches River Festival Inc, as stated, is focused on promoting the overall development and growth of the southeast Texas region. This is achieved through their activities, with an aim to enhance the region's visibility and appeal. Their objective is to contribute positively to the area's development and improvement. While specific details about the methods or initiatives for achieving this mission are not provided, it can be inferred that their activities are geared towards fostering a sense of community and pride in the southeast Texas area.
Official website here: www.nechesriverfestival.com
Who is the CEO of Neches River Festival Inc?
Floyd Fuller Mcspadden Iii is the Social Chair of Neches River Festival Inc.
Official website here: www.nechesriverfestival.com
What is the revenue of Neches River Festival Inc?
Neches River Festival Inc's revenue in 2023 was $526,152.
Official website here: www.nechesriverfestival.com
Who are the executives of Neches River Festival Inc and what are their salaries?
The average compensation at Neches River Festival Inc during 2023 was $61,800. There is 1 employee at Neches River Festival Inc.
Here are 7 key members and their salaries:
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Official website here: www.nechesriverfestival.com
Where can I find the form 990 for Neches River Festival Inc?
Neches River Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nechesriverfestival.com
Learn more at the official website: www.nechesriverfestival.com
Mission Statement of Neches River Festival Inc
Neches River Festival, as a nonprofit organization, is committed to the overall advancement of the southeast Texas region. This mission is manifested through its general promotion efforts, aiming to enhance the area's visibility and appeal. By focusing on the betterment of the southeast Texas community, Neches River Festival contributes to its growth and development, fostering a sense of unity and progress among its residents.
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Impact
July, 2024
Neches River Festival Inc plays a significant role in promoting the southeast Texas area, particularly Beaumont, through its county fair activities. The organization's impact can be seen in its efforts to showcase the local arts, culture, and community spirit, ultimately contributing to the vibrancy and prosperity of the region. Through its mission of general promotion, Neches River Festival Inc helps to highlight the unique features and attractions of southeast Texas, fostering a sense of pride and engagement among residents and visitors alike.
This information is meant to be a general summary of Neches River 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: $39
- Program Service Revenue: $273,069
- Gross Receipts: $526,152
Assets and Liabilities:
- Total Assets: $134,249
- Total Liabilities: $1,579
- Net Assets: $132,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NECHES RIVER FESTIVAL
Revenue
$272,911
MISCELLANEOUS INCOME
Revenue
$158
Organization Details
Founding Year
1949
Phone
(409) 835-2443Principal Officer
Floyd Fuller Mcspadden Iii
Main Address
2615 CALDER AVE SUITE 400, BEAUMONT, TX, 777021624
Website
www.nechesriverfestival.comNTEE Category
Code: A27 - Arts
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