Overview
What is Harvest Festival Inc?
Harvest Festival Inc, based in Longview, Texas, is a nonprofit organization dedicated to supporting the higher education of local high school graduates. This is achieved through offering scholarships to students who meet certain criteria, including academic performance and participation in the Harvest Festival events for at least two years. The organization raises funds for these scholarships through various activities, such as an annual livestock show, selling broiler chicks, program ads, and hosting a barbeque dinner. Additional funds are raised through a crawfish boil, T-shirt sales, and a raffle. The remaining proceeds from these events contribute to additional scholarship awards and educational initiatives, and the organization also organizes educational meetings to promote agricultural endeavors for FFA students.
Official website here: www.harvestfestivallivestockshow.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Harvest Festival Inc has received a rating of 80%, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members not being affiliated with the nonprofit, which strengthens governance. Additionally, the program expense ratio is impressive at 97.49%, showing that a significant portion of its funds is directed towards its charitable programs.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Furthermore, there are no posted board meeting minutes or a tax form on the nonprofit's website, which could limit access to critical information for stakeholders and potential donors.
Overall, while Harvest Festival Inc demonstrates strong fiscal responsibility and governance through its independent board and high program expense ratio, attention to policy implementation and document transparency would enhance its accountability and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Harvest Festival Inc legitimate?
Harvest Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harvest 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: $0
For more financial information, click here
Official website here: www.harvestfestivallivestockshow.com
What is the mission statement of Harvest Festival Inc?
Harvest Festival Inc, through its annual livestock show, auctions FFA students' livestock. The earnings, after deducting a minimal handling fee, are directed towards the students' future educational expenses. Besides the livestock auction, the organization sells broiler chicks, advertisement space in programs, and hosts a barbeque dinner as part of the event. Harvest Festival Inc also sponsors a crawfish boil, sells T-shirts, and holds a raffle. The revenues from these activities are utilized to grant additional college scholarships. Furthermore, the organization organizes educational meetings throughout the year to educate FFA students and promote agricultural initiatives.
Official website here: www.harvestfestivallivestockshow.com
Who is the CEO of Harvest Festival Inc?
Shannon Fell is the Vice President of Harvest Festival Inc.
Official website here: www.harvestfestivallivestockshow.com
What is the revenue of Harvest Festival Inc?
Harvest Festival Inc's revenue in 2023 was -$216,366.
Official website here: www.harvestfestivallivestockshow.com
Who are the executives of Harvest Festival Inc and what are their salaries?
There 30 volunteers at Harvest Festival Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.harvestfestivallivestockshow.com
Where can I find the form 990 for Harvest Festival Inc?
Harvest Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.harvestfestivallivestockshow.com
Learn more at the official website: www.harvestfestivallivestockshow.com
Mission Statement of Harvest Festival Inc
Harvest Festival Inc, a nonprofit organization, is dedicated to supporting Future Farmers of America (FFA) students by sponsoring an annual livestock show. During this event, students auction their livestock, with the proceeds, minus a minimal handling charge, being remitted to the students for their future educational expenses. Apart from the livestock auction, Harvest Festival Inc engages in various activities to raise funds for additional college scholarships. These include selling broiler chicks, advertising space in their program, cooking a barbeque dinner, organizing a crawfish boil, selling T-shirts, and holding a raffle. The net proceeds from these activities are used to award additional scholarships to FFA students. Throughout the year, Harvest Festival Inc also sponsors meetings to educate FFA students and promote agricultural endeavors.
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Impact
October, 2024
Harvest Festival Inc has a significant impact on the Longview community by supporting youth education and promoting agricultural initiatives. The annual livestock show serves as a platform for Future Farmers of America (FFA) students, allowing them to auction their livestock, with proceeds directly benefiting their educational pursuits. This not only incentivizes students to engage in agricultural projects but also provides them with financial support for college expenses.
In addition to the livestock show, the organization’s diverse fundraising activities, including the sale of broiler chicks, program ads, and a barbeque dinner, further enhance its financial contributions towards college scholarships. The crawfish boil, t-shirt sales, and raffle events create a vibrant community atmosphere while augmenting funds for scholarships awarded to deserving graduates from Longview area schools.
The scholarship program is comprehensive, ensuring that students who excel academically and demonstrate leadership and citizenship can access financial assistance for their post-secondary education. By requiring students to showcase their livestock and participate actively in FFA for at least two years, Harvest Festival Inc encourages commitment and involvement in agricultural endeavors.
Moreover, the organization’s educational meetings throughout the year foster knowledge and skills relevant to agricultural practices, cultivating a new generation of informed and engaged leaders in the field. Overall, the impact of Harvest Festival Inc extends beyond financial aid; it cultivates community spirit, educational opportunities, and a deeper appreciation for agriculture among young students.
This information is meant to be a general summary of Harvest 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: $840
- Gross Receipts: $208,338
Assets and Liabilities:
- Total Assets: $1,593,675
- Total Liabilities: $0
- Net Assets: $1,593,675
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Organization Details
Founding Year
1985
Phone
(903) 738-2131Principal Officer
Shannon Fell
Main Address
904 N 6TH STREET, LONGVIEW, TX, 75601
NTEE Category
Code: N520 - Recreation
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