Overview
What is Kerrville Folk Festival Foundation?
The Kerrville Folk Festival Foundation, based in Kerrville, Texas, is a nonprofit organization dedicated to fostering appreciation and support for songwriters, the songwriting craft, and folk music. Annually, they produce several events, including the renowned 18-day Kerrville Folk Festival, the Grassy Hill New Folk Competition, a fall event called Welcome Home Festival, and collaborative initiatives such as Music at the Mansion with Schreiner University and Music Camp for Teens with the Boys & Girls Club of Central Texas. Their flagship event, the Kerrville Folk Festival, is one of the longest-running music festivals in the United States, attracting artists from around the globe. The Foundation also hosts the Grassy Hill New Folk Competition, offering aspiring songwriters a platform to showcase their talent and win cash prizes. Their mission extends to promoting community gatherings and offering educational programs, such as Music Camp for Teens, which emphasizes self-improvement, positive leisure activities, and leadership skills for youth. Despite challenges due to COVID-19, the Foundation remains committed to supporting the songwriting community and fostering the appreciation of folk music.
Official website here: www.kerrville-music.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)
The Kerrville Folk Festival Foundation has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 73%. The organization demonstrates strong governance with a fully independent board, indicating a commitment to transparency and ethical oversight. Their program expense ratio is notably high at 92.53%, suggesting that a significant portion of their funding is directed toward their programs rather than administrative costs.
However, there are significant areas for improvement. The foundation has not provided certain critical financial documents, including their financial statements and tax forms on their website, which has greatly impacted their accountability score. Additionally, the absence of a whistleblower policy and document retention policy raises questions about their operational transparency and compliance with best practices in nonprofit management.
Overall, while the Kerrville Folk Festival Foundation showcases strengths in board independence and program funding, the lack of essential financial documentation and policies indicates the need for enhanced accountability practices to improve their overall rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kerrville Folk Festival Foundation legitimate?
Kerrville Folk Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kerrville Folk Festival Foundation 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: $118,156
For more financial information, click here
Official website here: www.kerrville-music.com
What is the mission statement of Kerrville Folk Festival Foundation?
The Kerrville Folk Festival Foundation's mission is centered around promoting public appreciation and support for songwriters, the songwriting craft, and folk music. They achieve this goal by creating a welcoming community where songcraft is celebrated and folk music is enjoyed by people of all ages. The foundation annually organizes events such as the Kerrville Folk Festival, the Grassy Hill New Folk Competition, and the Welcome Home Festival. These events provide a platform for emerging songwriters and feature performers from around the world. Additionally, the foundation hosts music workshops and songwriting schools, and collaborates with organizations to offer camps for teenagers, fostering self-esteem, positive activities, and leadership skills in young attendees.
Official website here: www.kerrville-music.com
Who is the CEO of Kerrville Folk Festival Foundation?
Val Stinson is the President of Kerrville Folk Festival Foundation.
Official website here: www.kerrville-music.com
What is the revenue of Kerrville Folk Festival Foundation?
Kerrville Folk Festival Foundation's revenue in 2022 was $1,646,197.
Official website here: www.kerrville-music.com
Who are the executives of Kerrville Folk Festival Foundation and what are their salaries?
The average compensation at Kerrville Folk Festival Foundation during 2022 was $29,539. There are 4 employees and 900 volunteers at Kerrville Folk Festival Foundation.
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Official website here: www.kerrville-music.com
Where can I find the form 990 for Kerrville Folk Festival Foundation?
Kerrville Folk Festival Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kerrville-music.com
Learn more at the official website: www.kerrville-music.com
Mission Statement of Kerrville Folk Festival Foundation
The Kerrville Folk Festival Foundation is dedicated to fostering public appreciation and support for songwriters, the songwriting craft, and folk music. It accomplishes this by creating a supportive community where folk music is enjoyed by individuals of all ages. The foundation achieves this goal through various events, including the annual 18-day Kerrville Folk Festival, the Grassy Hill New Folk Competition, and the Welcome Home Festival.
The Kerrville Folk Festival, established in 1972, is the foundation's flagship event and is among the longest-running music festivals in the United States. During the festival, the foundation hosts the Grassy Hill New Folk Competition, where 800 songwriters from across the country submit two original songs. Twenty-four of these submissions are selected to compete at the festival, and six winners are chosen, receiving cash prizes and a week-long tour in Texas. The festival features between 100 and 200 performing songwriters from around the world and includes songwriting schools and instrument workshops.
The foundation also co-produces Music Camp for Teens with the Boys & Girls Club of Central Texas, which helps students find their voice and sound while integrating lessons that build self-esteem, encourage positive leisure time activities, and develop leadership skills. Additionally, the foundation collaborates with Schreiner University to present the Music at the Mansion concert series, featuring two performing songwriters at six shows each year.
In summary, the Kerrville Folk Festival Foundation promotes public appreciation and support for songwriters, the songwriting craft, and folk music by creating a community where these passions are celebrated. The organization accomplishes this through annual events, such as the Kerrville Folk Festival and Music Camp for Teens, and partnerships with organizations like Schreiner University and the Boys & Girls Club of Central Texas.
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Impact
July, 2024
Kerrville Folk Festival Foundation's impact is significant in promoting public appreciation and support for songwriters, the songwriting craft, and folk music. Through events like the Kerrville Folk Festival, the Grassy Hill New Folk Competition, the Welcome Home Festival, and the Music Camp for Teens, the foundation creates a community where songcraft is celebrated and folk music is enjoyed by people of all ages. The foundation's flagship event, the Kerrville Folk Festival, is one of the longest-running music festivals in the United States, showcasing between 100 and 200 performing songwriters from around the world.
The Grassy Hill New Folk Competition provides a platform for emerging songwriters to showcase their talent, with winners receiving cash prizes and opportunities for a week-long tour in Texas. The Music Camp for Teens offers a valuable learning experience for youth, focusing on helping students find their own voice and sound while building self-esteem and leadership skills. The foundation's concert series, Music at the Mansion, in partnership with Schreiner University, further promotes songwriters and their craft.
Overall, the Kerrville Folk Festival Foundation's impact extends beyond just organizing events – it nurtures talent, fosters creativity, and builds a supportive community for songwriters and folk music enthusiasts of all ages.
This information is meant to be a general summary of Kerrville Folk Festival Foundation. 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: $755
- Program Service Revenue: $546,083
- Gross Receipts: $1,778,649
Assets and Liabilities:
- Total Assets: $1,558,540
- Total Liabilities: $160,861
- Net Assets: $1,397,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES INCOME
Revenue
$330,929
CAMPGROUND INCOME
Revenue
$163,744
WORKSHOPS/PROGRAMS
Revenue
$51,410
Organization Details
Founding Year
2000
Phone
(830) 257-3600Principal Officer
Val Stinson
Main Address
3876 MEDINA HIGHWAY, KERRVILLE, TX, 78028
Website
www.kerrville-music.comNTEE Category
Code: A68 - Arts
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