Red River Revel Arts Festival
- Assets
- $880.2k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Shreveport, LA
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 72-0953274
Organization Overview
Red River Revel Arts Festival is located in Shreveport, LA. The organization was established in 1983. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red River Revel Arts Festival is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Red River Revel Arts Festival generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FESTIVAL IS TO PROVIDE THE GENERAL POPULACE A CELEBRATION OF THE FINEST VISUAL AND PERFORMING ARTS EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RED RIVER REVEL ARTS FESTIVALEACH YEAR SINCE 1976, THIS NINE-DAY ARTS FESTIVAL HAS UNITED PEOPLE THROUGHOUT THE AREA TO ENJOY A CELEBRATION OF VISUAL AND PERFORMING ARTS. THE OUTDOOR FESTIVAL ATTRACTS MORE THAN 75,000 PEOPLE. NUMEROUS VOLUNTEERS DONATE THEIR TIME AND EFFORTS TO HELP MANAGE THE FESTIVAL'S ACTIVITIES. THE RED RIVER REVEL ARTS FESTIVAL CELEBRATES THE ARTS WITH MORE THAN 75 VISUAL ARTISTS FROM ACROSS THE COUNTRY, TWO PERFORMANCE STAGES THAT FEATURE LIVE MUSIC AND A LARGE AREA DEDICATED SPECIFICALLY TO PROVIDING ARTS EDUCATION FOR CHILDREN.
SHREVEPORT FARMERS' MARKETDURING THE SUMMER AND FALL SEASONS, A FARMERS' MARKET IS HELD AT THE DOWNTOWN FESTIVAL PLAZA TO UNITE LOCAL FARMERS, GARDENERS, AND OTHERS WITHIN THE COMMUNITY TO ENJOY LOCALLY GROWN FRUITS, VEGETABLES, AND PLANTS; HOMEMADE BREADS AND JAMS; AND A VARIETY OF OTHER LOCALLY PRODUCED FOODS. LIVE MUSIC IS FEATURED DURING THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ostendorff President | OfficerTrustee | 1 | $0 |
Dominic Salinas Vice President | OfficerTrustee | 1 | $0 |
Sarah Sour Garrett Treasurer/secretary | OfficerTrustee | 1 | $0 |
Connie Hayes Director | Trustee | 1 | $0 |
Jeffrey Cryer Director | Trustee | 1 | $0 |
Bobby Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,146 |
| Related organizations | $0 |
| Government grants | $499,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,158 |
| Noncash contributions included in lines 1a–1f | $256,398 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,457 |
| Total Program Service Revenue | $766,857 |
| Investment income | $6,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,359 |
| Net Income from Fundraising Events | $62,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,819,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,473 |
| Payroll taxes | $4,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,940 |
| Advertising and promotion | $89,455 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,735 |
| All other expenses | $29,952 |
| Total functional expenses | $1,272,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $180,680 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,956 |
| Total assets | $880,187 |
| Accounts payable and accrued expenses | $48,006 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,006 |
| Net assets without donor restrictions | $559,509 |
| Net assets with donor restrictions | $272,672 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $880,187 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Red River Revel Arts Festival has recieved totaling $10,252.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: FOR GENERAL SUPPORT; GIVE FOR GOOD GRANT | $9,252 |
J B Atkins Foundation Shreveport, LA PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $243,619 |
| Earnings | $38,180 |
| Admin Expense | $2,251 |
| Other Expense | $8,832 |
| Ending Balance | $270,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |
Mayfest Inc Fort Worth, TX | $677,202 | $1,777,166 |
Houston Center For Contemporary Craft Houston, TX | $834,489 | $1,434,425 |