Overview
What is Mayfest Inc?
Mayfest Inc, doing business as Trinity Collaborative Inc, is a nonprofit organization situated in Fort Worth, Texas. It is primarily known for organizing an annual four-day outdoor festival, set to celebrate its 52nd year in 2024. Beyond this event, the organization dedicates its efforts to supporting various community initiatives. One such initiative is the City of Fort Worth Parks & Community Services, helping lead park improvements and addressing infrastructure needs. Another endeavor is Streams & Valley, Inc., which focuses on bringing the community together with nature through trail development and other impactful improvements along the Trinity River. In addition, Mayfest Inc supports the Junior League of Fort Worth, Inc., ensuring the successful execution of programs that educate children and youth on healthy living, academic support, exposure to arts and cultural awareness, and physical activity. The organization's primary goal, as stated in their mission, is to connect people for a better river, better parks, and a better community. The team behind Mayfest Inc is small, with a total of four employees passionately contributing to these initiatives.
Official website here: www.mayfest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating)
Mayfest Inc (Dba Trinity Collaborative Inc) has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 91%, the organization demonstrates strong practices in governance, including a fully independent board and comprehensive financial oversight, earning top points across various categories related to transparency and accountability.
The charity excels in its financial management, boasting an impressive program expense ratio of 85.67%. This indicates that a significant portion of its funding is directed toward its programs rather than administrative costs. Additionally, the organization has established robust policies, including a conflict of interest and whistleblower policy, reinforcing its commitment to ethical operations.
Despite its strengths, the organization maintains a liabilities to assets ratio of 51.87%, which can be a point of concern, although it scored well in this area. Overall, Mayfest Inc's strong governance practices and dedication to program funding illustrate its reliability as a nonprofit, making it a worthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mayfest Inc?
80% of 631 reviewers on Facebook recommend Mayfest Inc. Here is a summary of their reviews:
The festival is praised for its enjoyable atmosphere and pleasant weather, contributing to a fun experience for attendees. Many participants express their satisfaction, highlighting how much they enjoyed the festival and emphasizing that it met their expectations for a good time.
Overall, the sentiment towards Mayfest Inc. leans positive, with attendees appreciating the event's energy and vibe. The recommendations suggest that the nonprofit works well in delivering enjoyable experiences to its audience.
This AI summary has been generated from reviews found on Facebook.
Is Mayfest Inc legitimate?
Mayfest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayfest 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,671
For more financial information, click here
Official website here: www.mayfest.org
What is the mission statement of Mayfest Inc?
Mayfest Inc, operating under the name Trinity Collaborative Inc, is committed to fostering connections for a more enriched river, parks, and community. Their primary objective is to bring people together, promoting a better environment and stronger community ties. The organization hosts an annual four-day festival and organizes various events throughout the year. They support the City of Fort Worth Parks & Community Services by leading park improvements and addressing infrastructure needs. Additionally, they collaborate with Streams & Valley, Inc. to encourage community engagement with nature and develop safe exercise trails. Furthermore, they partner with the Junior League of Fort Worth, Inc. to educate children and youth on healthy choices, promote physical activity, and enhance their cultural awareness.
Official website here: www.mayfest.org
Who is the CEO of Mayfest Inc?
Iris Bruton is the President of Mayfest Inc.
Official website here: www.mayfest.org
What is the revenue of Mayfest Inc?
Mayfest Inc's revenue in 2023 was $1,445,676.
Official website here: www.mayfest.org
Who are the executives of Mayfest Inc and what are their salaries?
The average compensation at Mayfest Inc during 2023 was $43,918. There are 4 employees and 250 volunteers at Mayfest Inc.
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Official website here: www.mayfest.org
Where can I find the form 990 for Mayfest Inc?
Mayfest Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mayfest.org
Learn more at the official website: www.mayfest.org
Mission Statement of Mayfest Inc
Mayfest Inc, also known as Trinity Collaborative Inc, is a nonprofit organization with a mission to connect people for a better environment, improved parks, and a stronger community. In essence, its purpose is to foster relationships that enhance the quality of life by focusing on the river, parks, and community engagement.
Mayfest Inc plays an active role in supporting various initiatives. It contributes to the City of Fort Worth Parks & Community Services by leading the way in park improvements that can be enjoyed by everyone. By addressing infrastructure needs and contributing to projects that bring people together, Mayfest Inc helps create a more welcoming and interactive environment.
Moreover, Mayfest Inc collaborates with Streams & Valley, Inc., working on initiatives that allow the community to connect with nature. This includes trail development, ensuring a safe space for physical activity, and promoting a better quality of life. Additionally, Mayfest Inc supports the Junior League of Fort Worth, Inc., ensuring programs that educate children and youth on healthy choices, physical activity, and cultural awareness. Overall, Mayfest Inc's mission is to foster connections that benefit the community, environment, and individuals within it.
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Impact
July, 2024
Mayfest Inc (Dba Trinity Collaborative Inc) has a significant impact on the community by connecting people for a better river, better parks, and a better community. Through organizing an outdoor festival and various events throughout the year, they support the improvement of city parks and infrastructure that benefit all residents. By collaborating with organizations like Streams & Valley Inc and the Junior League of Fort Worth, they contribute to initiatives that promote nature connection, trail development, and educational programs for children and youth. Their work helps to create a better quality of life for individuals in Fort Worth, Texas, fostering a sense of community and enhancing public spaces for everyone to enjoy.
This information is meant to be a general summary of Mayfest 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: $9,423
- Program Service Revenue: $1,349,067
- Gross Receipts: $1,446,309
Assets and Liabilities:
- Total Assets: $673,700
- Total Liabilities: $349,478
- Net Assets: $324,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAYFEST FESTIVAL
Revenue
$1,349,067
Organization Details
Founding Year
1987
Phone
(817) 332-1055Principal Officer
Iris Bruton
Main Address
6115 CAMP BOWIE 280, FORT WORTH, TX, 76116
Website
www.mayfest.orgNTEE Category
Code: A200 - Arts
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