Overview
What is Festivals For Good Corporation?
Festivals For Good Corporation is a nonprofit organization situated in New Orleans, Louisiana, specifically at 812 Gravier Street Suite 1B. Their primary purpose is to organize events that appeal to a wide range of people, serving as a platform to demonstrate that shared experiences can bring people together rather than divide them. The earnings generated from these events are donated to charities that contribute positively to their local community. Historically, they have hosted the annual National Fried Chicken Festival in New Orleans. Although they did not conduct any events in 2021 due to the COVID-19 pandemic, they resumed their activities in 2022. Despite the pandemic-induced hiatus, the corporation continued to incur expenses for general and administrative purposes.
Official website here: www.festivalsforgood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Festivals For Good Corporation has received a low score of 50% from Charity Navigator, resulting in a One-Star out of Four Star rating. This score indicates significant concerns regarding the organization’s accountability and financial practices. While it has achieved a perfect score for having a majority of independent board members, it falls short in several critical areas, such as financial transparency and the presence of essential governance policies.
The organization has demonstrated positive aspects by having no material diversion of assets and maintaining a 100% program expense ratio, suggesting that all funds are directed towards its mission. However, the absence of financial statements significantly affects its rating, as does the lack of a conflict of interest policy, whistleblower policy, and document retention policy. Additionally, its liabilities are concerning, with a liabilities-to-assets ratio of 173.16%, indicating potential financial instability.
Overall, while Festivals For Good Corporation shows a commitment to its programs, the lack of transparency and governance policies raises red flags for potential donors. Stakeholders are encouraged to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Festivals For Good Corporation legitimate?
Festivals For Good Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Festivals For Good Corporation 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.festivalsforgood.org
What is the mission statement of Festivals For Good Corporation?
Festivals For Good Corporation is a non-profit organization that aims to bring people together through universal appeal experiences. Its mission is to serve as a platform to demonstrate that more unites us than divides us. The proceeds generated from its events are donated to charities that contribute positively to their local communities. Despite the COVID-19 pandemic, Festivals For Good Corporation did not hold any events in 2021, focusing on general and administrative expenses instead. Historically, the corporation has been known for organizing the annual National Fried Chicken Festival in New Orleans, and it resumed its productions in 2022.
Official website here: www.festivalsforgood.org
Who is the CEO of Festivals For Good Corporation?
Cleveland Spears is the President of Festivals For Good Corporation.
Official website here: www.festivalsforgood.org
What is the revenue of Festivals For Good Corporation?
Festivals For Good Corporation's revenue in 2021 was $61,000.
Official website here: www.festivalsforgood.org
Who are the executives of Festivals For Good Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.festivalsforgood.org
Where can I find the form 990 for Festivals For Good Corporation?
Festivals For Good Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.festivalsforgood.org
Learn more at the official website: www.festivalsforgood.org
Mission Statement of Festivals For Good Corporation
Festivals For Good Corporation, a non-profit organization, is dedicated to creating inclusive experiences that appeal to all individuals. The primary goal of this corporation is to serve as a platform, demonstrating that commonalities outweigh differences among people. The proceeds generated from their events are earmarked for charitable organizations that contribute positively to their respective communities. In 2021, Festivals For Good Corporation did not host any events due to the COVID-19 pandemic. However, they resumed their annual National Fried Chicken Festival in New Orleans in 2022.
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Impact
August, 2024
Festivals For Good Corporation creates inclusive experiences that bring people together and highlight our shared humanity. Through events such as the National Fried Chicken Festival in New Orleans, this organization not only entertains but also raises funds for charities that benefit the community. By promoting unity and generosity, Festivals For Good makes a positive impact by demonstrating that we are more connected than divided.
This information is meant to be a general summary of Festivals For Good Corporation. 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 2021.
- Gross Receipts: $61,000
Assets and Liabilities:
- Total Assets: $43,119
- Total Liabilities: $24,611
- Net Assets: $18,508
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Organization Details
Founding Year
2017
Principal Officer
Cleveland Spears
Main Address
812 GRAVIER STREET SUITE 1B, NEW ORLEANS, LA, 70112
Website
www.festivalsforgood.orgNTEE Category
Code: A20 - Arts
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