Overview
What is Krewe Of Olympus - Texas Inc?
Krewe of Olympus - Texas Inc, based in Houston, Texas, is a nonprofit organization that actively promotes arts and charitable assistance. Their primary endeavors include conducting annual Mardi Gras events and hosting workshops focused on costuming. The organization's most significant activities are fundraisers and an annual Ball event, which serves as a platform for charitable collections. These collected funds are distributed annually to support various causes, reflecting their commitment to charitable assistance. The Krewe of Olympus - Texas Inc's activities contribute to the local community and beyond, fostering a spirit of arts and philanthropy.
Official website here: www.kreweofolympus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - 69%
Krewe Of Olympus - Texas Inc has received a two-star rating from Charity Navigator, indicating areas for improvement in its accountability and financial practices. With an overall score of 69%, the organization shows strengths in governance, such as having a fully independent board of directors and effective management of asset diversions, which reflects a commitment to operational integrity.
However, the nonprofit has significant weaknesses in several key policy areas. It scored poorly on having a conflict of interest policy, a whistleblower policy, and document retention and destruction policy, each receiving zero points, which raises concerns about transparency and accountability. Additionally, while the organization maintains a healthy liabilities to assets ratio and has decent program expense ratios, these governance deficiencies are critical issues that need to be addressed.
Overall, while Krewe Of Olympus - Texas Inc demonstrates some strong governance practices, the lack of critical policies could hinder its effectiveness and public trust. Addressing these weaknesses is vital for the organization to enhance its rating and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Krewe Of Olympus - Texas Inc legitimate?
Krewe Of Olympus - Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Krewe Of Olympus - Texas 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.kreweofolympus.org
What is the mission statement of Krewe Of Olympus - Texas Inc?
Krewe Of Olympus - Texas Inc is committed to promoting arts and charitable assistance. Their most notable activities include organizing annual fundraisers and hosting the annual Ball event, with the primary objective of collecting charitable contributions. These funds are then distributed annually to various beneficiaries. In addition to these events, the organization also conducts traditional Mardi Gras events and costuming workshops.
In simpler terms, Krewe Of Olympus - Texas Inc dedicates its efforts to supporting the arts and providing charitable aid. Their primary means of accomplishing this goal are through annual fundraisers and the annual Ball, both of which aim to raise funds for distribution to various charitable causes. Furthermore, they engage in Mardi Gras events and costuming workshops, contributing to the artistic and cultural aspects of their community.
Official website here: www.kreweofolympus.org
What is the revenue of Krewe Of Olympus - Texas Inc?
Krewe Of Olympus - Texas Inc's revenue in 2024 was $82,931.
Official website here: www.kreweofolympus.org
Who are the executives of Krewe Of Olympus - Texas Inc and what are their salaries?
There 26 volunteers at Krewe Of Olympus - Texas Inc.
Here are 6 key members and their salaries:
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Official website here: www.kreweofolympus.org
Where can I find the form 990 for Krewe Of Olympus - Texas Inc?
Krewe Of Olympus - Texas Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kreweofolympus.org
Learn more at the official website: www.kreweofolympus.org
Mission Statement of Krewe Of Olympus - Texas Inc
Krewe of Olympus - Texas Inc is an organization dedicated to the promotion of arts and charitable assistance. Their primary mission is to raise funds through various activities, with their annual Ball event being the most significant. This event serves as a platform for collecting charitable contributions, which are then distributed annually. Beyond fundraising, Krewe of Olympus - Texas Inc also engages in artistic endeavors, as evidenced by their production of traditional Mardi Gras events and costuming workshops. These workshops provide a creative outlet and contribute to the preservation of Mardi Gras culture. Overall, Krewe of Olympus - Texas Inc is a nonprofit that combines the arts with charitable giving, using their events to raise funds and support worthy causes.
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Impact
August, 2024
Krewe Of Olympus - Texas Inc's impact is centered around promoting arts and providing charitable assistance. The organization hosts fundraisers and an annual Ball event to collect donations for charity. Additionally, they produce a traditional Mardi Gras event and offer costuming workshops in their city of Houston, Texas. Their mission is to support the arts and give back to the community through their recreational activities.
This information is meant to be a general summary of Krewe Of Olympus - Texas 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 2024.
- Investment Income: $9
- Program Service Revenue: $6,309
- Gross Receipts: $93,614
Assets and Liabilities:
- Total Assets: $49,824
- Total Liabilities: $0
- Net Assets: $49,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ball receipts
Revenue
$6,309
Organization Details
Founding Year
1992
Principal Officer
Andrew R Eversole
Website
www.kreweofolympus.orgNTEE Category
Code: N99Z - Recreation
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