Overview
What is Denton Festival Foundation Inc?
Denton Festival Foundation Inc, a nonprofit organization, is primarily focused on fundraising efforts to support the arts and jazz festival, as well as other eligible tax-exempt organizations. Their mission is to enrich the cultural arts scene by distributing funds raised. This nonprofit organization plays a significant role in nurturing the arts community, contributing to the overall cultural enrichment of the community they serve.
Official website here: www.dentonjazzfest.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
The Denton Festival Foundation Inc has received a 40% rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. This rating is derived solely from its Accountability & Finance score, which highlights areas of weakness that may affect donor trust and long-term sustainability. The overall score reflects a lack of transparency and effectiveness in managing its resources.
Despite achieving full points for having a majority of independent board members and no material diversion of assets, the organization scored poorly in several key areas. Notably, it lacks crucial policies such as a whistleblower and document retention policy, and it has not publicly posted meeting minutes. Additionally, its high liabilities-to-assets ratio and low program expense ratio suggest that a significant portion of its funding is not directed towards its charitable programs.
These limitations indicate potential challenges in the foundation's operational practices, which may deter potential donors from supporting its mission. Enhancements in governance, transparency, and financial management are essential for the Denton Festival Foundation to improve its rating and strengthen community confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Denton Festival Foundation Inc legitimate?
Denton Festival Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denton Festival Foundation 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: $69,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dentonjazzfest.com
What is the mission statement of Denton Festival Foundation Inc?
The Denton Festival Foundation Inc is dedicated to raising funds with the primary goal of supporting the arts and jazz Festival, as well as other tax-exempt organizations. Their mission is to enhance the cultural arts scene by securing financial resources. This organization actively works towards furthering the cause of the arts community through its fundraising efforts.
Official website here: www.dentonjazzfest.com
Who is the CEO of Denton Festival Foundation Inc?
Kevin Lechler is the Executive Dir. of Denton Festival Foundation Inc.
Official website here: www.dentonjazzfest.com
What is the revenue of Denton Festival Foundation Inc?
Denton Festival Foundation Inc's revenue in 2022 was $50,958.
Official website here: www.dentonjazzfest.com
Who are the executives of Denton Festival Foundation Inc and what are their salaries?
There 409 volunteers at Denton Festival Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.dentonjazzfest.com
Where can I find the form 990 for Denton Festival Foundation Inc?
Denton Festival Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dentonjazzfest.com
Learn more at the official website: www.dentonjazzfest.com
Mission Statement of Denton Festival Foundation Inc
Denton Festival Foundation Inc, a nonprofit organization, is dedicated to raising funds for the arts and jazz Festival, as well as other tax-exempt organizations. Its primary mission is to contribute to the advancement of cultural arts. The foundation's role is to generate funds for these events and organizations, thereby promoting and fostering the arts in an unspecified capacity.
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Impact
August, 2024
Denton Festival Foundation Inc has a significant impact on the cultural arts scene in Denton, Texas. Through their fundraising efforts for the arts and jazz festival, as well as other tax-exempt organizations supporting cultural arts, they contribute to the enrichment and promotion of artistic endeavors in the community. Their mission to raise funds for the arts plays a crucial role in fostering creativity, diversity, and access to cultural experiences for residents and visitors alike. By supporting the foundation, individuals and organizations help ensure the sustainability and growth of the arts in Denton.
This information is meant to be a general summary of Denton Festival Foundation 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: $86
- Program Service Revenue: $3,932
- Gross Receipts: $454,106
Assets and Liabilities:
- Total Assets: $111,424
- Total Liabilities: $149,259
- Net Assets: -$37,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$3,932
Organization Details
Phone
(940) 383-4418Principal Officer
Kevin Lechler
Main Address
PO BOX 2104, DENTON, TX, 76202
Website
www.dentonjazzfest.comNTEE Category
Code: A20M - Arts
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