Overview
What is Old Settler's Music Festival Inc?
Old Settler's Music Festival Inc is a nonprofit organization situated in Lockhart, Texas. Their primary mission is to produce a cultural event that preserves and promotes traditional American roots music. With a small team of one dedicated individual, they organize the Roots Music Festival, a platform that nurtures and celebrates this timeless musical genre. The festival serves as a means to uphold and cultivate traditional music, contributing to its continued relevance and enjoyment.
Official website here: www.oldsettlersmusicfest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Old Settler's Music Festival Inc has received a One-Star rating from Charity Navigator, indicating a significant need for improvement in accountability and finance practices. The organization scored 54% overall, with a notably high percentage of independent board members. However, the lack of financial transparency is concerning, as the organization has not provided necessary financial statements.
Despite its strengths in governance, such as having a fully independent board and appropriate documentation of board meeting minutes, Old Settler's Music Festival Inc lacks several essential policies, including conflict of interest and whistleblower policies. Furthermore, there are issues related to financial sustainability, highlighted by a high liabilities to assets ratio.
On a positive note, the organization demonstrates a strong commitment to its programs, with a program expense ratio of 84.79%, suggesting that a substantial portion of its resources is directed towards its mission. However, without addressing the gaps in financial reporting and governance policies, the organization may struggle to build trust and confidence among potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Old Settler's Music Festival Inc legitimate?
Old Settler's Music Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Settler's 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: $65,000
For more financial information, click here
Official website here: www.oldsettlersmusicfest.org
What is the mission statement of Old Settler's Music Festival Inc?
The Old Settler's Music Festival Inc is committed to producing a cultural music event that serves to preserve and cultivate traditional American roots music. Their mission is centered around fostering this musical heritage, providing a platform for its continuation. This event aims to keep traditional music alive, encouraging its growth and appreciation among the public.
Official website here: www.oldsettlersmusicfest.org
Who is the CEO of Old Settler's Music Festival Inc?
Betsy Boone is the President of Old Settler's Music Festival Inc.
Official website here: www.oldsettlersmusicfest.org
What is the revenue of Old Settler's Music Festival Inc?
Old Settler's Music Festival Inc's revenue in 2022 was $1,475,792.
Official website here: www.oldsettlersmusicfest.org
Who are the executives of Old Settler's Music Festival Inc and what are their salaries?
The average compensation at Old Settler's Music Festival Inc during 2022 was $65,000. There is 1 employee and 260 volunteers at Old Settler's Music Festival Inc.
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Official website here: www.oldsettlersmusicfest.org
Where can I find the form 990 for Old Settler's Music Festival Inc?
Old Settler's Music Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oldsettlersmusicfest.org
Learn more at the official website: www.oldsettlersmusicfest.org
Mission Statement of Old Settler's Music Festival Inc
Old Settler's Music Festival Inc, a notable organization, is dedicated to the production of a cultural event that serves to preserve and cultivate traditional American roots music. This mission is at the heart of their activities, aiming to foster an appreciation for this unique musical heritage. By organizing this festival, Old Settler's Music Festival Inc contributes to the preservation of traditional music, ensuring that future generations can continue to enjoy and be inspired by its rich history and depth.
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Impact
July, 2024
Old Settler's Music Festival Inc's impact is evident in its dedication to preserving and fostering traditional American roots music through the annual roots music festival it produces. By showcasing a diverse range of artists and providing a platform for cultural exchange, the festival contributes to the preservation, appreciation, and promotion of this important musical heritage. Additionally, the festival helps support artists in the roots music genre and promotes community engagement through its cultural event in Lockhart, Texas.
This information is meant to be a general summary of Old Settler's 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: $187
- Program Service Revenue: $688,975
- Gross Receipts: $1,475,792
Assets and Liabilities:
- Total Assets: $1,144,339
- Total Liabilities: $1,144,339
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenue
Revenue
$688,975
Organization Details
Founding Year
1988
Phone
(512) 587-6049Principal Officer
Betsy Boone
Main Address
P O Box 1161, Lockhart, TX, 78644
Website
www.oldsettlersmusicfest.orgNTEE Category
Code: A200 - Arts
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