Overview
What is Bams Fest Inc?
Bams Fest Inc is a vibrant nonprofit organization located in Dorchester, Massachusetts. Led by local Black and Brown artists, culture pioneers, and entrepreneurial minds, their mission is to foster racial equity, spatial justice, and economic empowerment through an annual arts and community festival. This event aims to dismantle barriers to arts and culture equality, offering a high-quality, value-based event that brings people together. Bams Fest Inc's activities extend beyond the festival, striving to promote unity and inclusivity within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Bams Fest Inc has received a strong rating of 90% from Charity Navigator, reflecting its commitment to accountability and financial health. This four-star rating signifies that the organization meets high standards of transparency and governance, which is crucial for donor confidence and effective nonprofit operations.
The organization boasts an impressive score in various accountability measures. With a board composed of 90% independent members and a solid financial statement review process, Bams Fest Inc demonstrates a commitment to ethical practices and sound financial management. Its liabilities to assets ratio is notably low at 0.00%, indicating strong financial stability.
Additionally, Bams Fest Inc effectively allocates its resources, with a program expense ratio of 81.97%, suggesting that a significant portion of its expenses directly supports its mission. Overall, the organization shows a robust operational framework, although further details regarding its specific programs and impact could enhance understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bams Fest Inc legitimate?
Bams Fest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bams Fest 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: $268,892
For more financial information, click here
What is the mission statement of Bams Fest Inc?
Bams Fest Inc's mission is centered around organizing an annual arts and community festival that aims to foster racial and social equity in the arts and culture sphere. This mission is carried out by providing a high-quality, value-based event that strives to break down barriers and promote equality. The organization is led by artists, culture makers, and creative entrepreneurs who are advocates for racial equity, spatial justice, and economic empowerment.
Who is the CEO of Bams Fest Inc?
Catherine Morris is the Director of Bams Fest Inc.
What is the revenue of Bams Fest Inc?
Bams Fest Inc's revenue in 2022 was $598,386.
Who are the executives of Bams Fest Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Bams Fest Inc?
Bams Fest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bams Fest Inc
Bams Fest Inc, a cultural movement led by artists, culture makers, and creative entrepreneurs from greater Boston, is dedicated to providing an annual arts and community festival that strives to break down racial and social barriers to arts and culture equity. The organization's mission is to deliver a high-quality, value-based event that aims to bridge the gaps between different racial and social groups, promoting equity in the realm of arts and culture. By hosting this festival, Bams Fest Inc seeks to foster a sense of unity and inclusivity, allowing individuals from diverse backgrounds to connect and engage with various forms of art and culture. The ultimate goal is to empower communities and challenge the existing social norms that may perpetuate inequality in the arts sector.
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Impact
July, 2024
Bams Fest Inc's impact lies in its mission to provide a high-quality, value-based annual arts and community festival that aims to break down racial and social barriers to arts and culture equity. Led by Greater Boston Black and Brown artists, culture makers, and creative entrepreneurs, Bams Fest is a cultural movement at the forefront of racial equity, spatial justice, and economic empowerment. Through its activities and events, Bams Fest is actively working towards fostering greater inclusivity, representation, and empowerment within the arts community, particularly for Black and Brown individuals.
This information is meant to be a general summary of Bams Fest 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.
- Gross Receipts: $598,386
Assets and Liabilities:
- Total Assets: $172,540
- Total Liabilities: $0
- Net Assets: $172,540
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Organization Details
Founding Year
2016
Phone
(857) 207-9319Principal Officer
Catherine Morris
Main Address
1452 DORCHESTER AVENUE 4TH FLOOR, DORCHESTER, MA, 02122
NTEE Category
Code: A20 - Arts
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