Overview
What is La Fiesta De Las Seis Banderas Inc?
La Fiesta De Las Seis Banderas Inc is a nonprofit organization situated in Dallas, Texas, with the address 3419 WESTMINSTER 289. Its primary mission is to provide financial support for students in Highland Park, strengthening their educational opportunities beyond the district curriculum. This is accomplished by offering exposure to various art programs, cultural experiences, and events that go beyond the typical school curriculum. Additionally, the organization follows charitable activities as per the Internal Revenue Code Section 501(C)(3) and Texas Tax Code Section 11.18(C)(1). Their efforts also include preserving, protecting, and promoting the historic culture and aesthetic attributes of the towns of Highland Park and University Park, Texas. They do this by creating visual, written, or recorded materials, holding special events, and observing significant dates that bring together citizens of the Park Cities in celebration of their common heritage.
Official website here: www.lafiestaparkcities.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
La Fiesta De Las Seis Banderas Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating indicates that while the organization shows strengths in certain areas, there are significant aspects that require attention, particularly in accountability and financial transparency. The organization boasts a fully independent board, which is a positive indicator of governance.
On the strengths side, La Fiesta De Las Seis Banderas demonstrates a commendable program expense ratio of 95.93%, showing that the majority of its funds are allocated towards its programs rather than administrative costs. Furthermore, the organization has no material diversion of assets and maintains a strong liabilities to assets ratio of 0.00%, suggesting sound financial health in that regard.
However, the nonprofit faces limitations in its governance practices. Key policies, such as the conflict of interest policy, whistleblower policy, and document retention and destruction policy, are missing. Additionally, the absence of financial statements raises concerns about the transparency of its financial practices, which are critical for fostering trust among donors and stakeholders. Overall, while the organization demonstrates financial strength in program spending, addressing these governance shortcomings would enhance its rating significantly.
This AI summary has been generated from information found on Charity Navigator.
Is La Fiesta De Las Seis Banderas Inc legitimate?
La Fiesta De Las Seis Banderas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Fiesta De Las Seis Banderas 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.lafiestaparkcities.com
What is the mission statement of La Fiesta De Las Seis Banderas Inc?
La Fiesta De Las Seis Banderas Inc's mission is centered around providing financial support to enhance educational opportunities for students beyond the standard district curriculum. Beyond this, the organization performs charitable activities in accordance with the Internal Revenue Code Section 501(C)(3) and Texas Tax Code Section 11.18(C)(1). Their objectives include preserving, protecting, and promoting the historic culture and aesthetic attributes of Highland Park and University Park, Texas. This is achieved through the development and maintenance of visual, written, or recorded materials, as well as observing special events that bring together the community in celebration of their shared heritage. The organization also receives, invests, and disburses funds and holds property for its purposes, and conducts other activities that align with the Texas Non-Profit Corporation Act and Article Six of its Articles of Incorporation.
Official website here: www.lafiestaparkcities.com
Who is the CEO of La Fiesta De Las Seis Banderas Inc?
Elizabeth Speicher is the President of La Fiesta De Las Seis Banderas Inc.
Official website here: www.lafiestaparkcities.com
What is the revenue of La Fiesta De Las Seis Banderas Inc?
La Fiesta De Las Seis Banderas Inc's revenue in 2023 was $1,456,554.
Official website here: www.lafiestaparkcities.com
Who are the executives of La Fiesta De Las Seis Banderas Inc and what are their salaries?
There 590 volunteers at La Fiesta De Las Seis Banderas Inc.
Here are 13 key members and their salaries:
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Official website here: www.lafiestaparkcities.com
Where can I find the form 990 for La Fiesta De Las Seis Banderas Inc?
La Fiesta De Las Seis Banderas Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lafiestaparkcities.com
Learn more at the official website: www.lafiestaparkcities.com
Mission Statement of La Fiesta De Las Seis Banderas Inc
La Fiesta De Las Seis Banderas Inc, a charitable organization operating under Internal Revenue Code Section 501(c)(3) and Texas Tax Code Section 11.18(C)(1), is dedicated to providing financial support for students in Highland Park, with the aim of enhancing educational opportunities beyond the scope of the district curriculum. The organization's mission extends beyond mere financial assistance, as it also aims to preserve, protect, and promote the historic culture and aesthetic attributes of the towns of Highland Park and University Park, Texas.
To achieve this, La Fiesta De Las Seis Banderas Inc develops and maintains visual, written, or recorded materials that highlight the history and development of these towns. The organization also observes special dates and events designed to bring together citizens of the Park Cities, celebrating their shared heritage. In addition to these efforts, the organization receives, invests, and disburses funds, as well as holds property, for the purpose of carrying out its stated purposes. Lastly, La Fiesta De Las Seis Banderas Inc conducts other activities that are not in conflict with the Texas Non-Profit Corporation Act or Article Six of its Articles of Incorporation, all with the aim of furthering its mission.
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Impact
July, 2024
La Fiesta De Las Seis Banderas Inc's impact lies in providing vital financial support for Highland Park students to enrich their educational and cultural experiences beyond the district curriculum. By offering exposure to various art programs and cultural experiences, the organization significantly enhances the students' overall educational journey. Furthermore, through its charitable activities aimed at preserving and promoting the historic culture and traditions of Highland Park and University Park, Texas, La Fiesta De Las Seis Banderas Inc plays a crucial role in fostering community cohesion and celebrating common heritage.
This information is meant to be a general summary of La Fiesta De Las Seis Banderas 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: $9,559
- Program Service Revenue: $842,775
- Gross Receipts: $1,456,554
Assets and Liabilities:
- Total Assets: $84,673
- Total Liabilities: $0
- Net Assets: $84,673
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$709,960
GALA
Revenue
$124,640
ANNOUNCEMENT PARTY
Revenue
$6,300
LUNCHEON TICKETS
Revenue
$1,875
Organization Details
Founding Year
1989
Phone
(214) 769-3385Principal Officer
Elizabeth Speicher
Main Address
3419 WESTMINSTER 289, DALLAS, TX, 75205
Website
www.lafiestaparkcities.comNTEE Category
Code: A23 - Arts
If you are a representative of La Fiesta De Las Seis Banderas Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.