Neches River Festival Inc
- Assets
- $146.5k
- Revenue
- $490.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Beaumont, TX
- Founding
- 08/1951
- Data as of
- 05/2022
- EIN
- 74-1462495
Organization Overview
Neches River Festival Inc is located in Beaumont, TX. The organization was established in 1951. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, 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. Neches River Festival Inc 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 05/2022, Neches River Festival Inc generated $490.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $508.3k during the year ending 05/2022. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GENERAL PROMOTION OF THE SOUTHEAST TEXAS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NECHES RIVER FESTIVAL: MARDI-GRAS-LIKE EVENT OPEN TO THE PUBLIC WITH ATTENDANT DANCES, BOAT RACES, CARNIVALS & OTHER GENERAL PUBLIC ACTIVITIES, CELEBRATING VALUABLE RESOURCES - OUR YOUTH & OUR RIVER
DONATION TO THE LAMAR UNIVERSITY FOUNDATION FOR THE PLUMMER SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Bryan Social Chair | OfficerTrustee | 1 | $0 |
Fuller Mcspadden First Vice P | OfficerTrustee | 2 | $0 |
Justin Huff Treasurer | OfficerTrustee | 2 | $0 |
Ashley Messina Social Chair | OfficerTrustee | 2 | $0 |
Zach Stiles Secretary | OfficerTrustee | 2 | $0 |
Mitchell Toups President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,002 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,440 |
| Total Program Service Revenue | $266,692 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| 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 | $52,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $219 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,610 |
| 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 | $3,191 |
| All other expenses | $284 |
| Total functional expenses | $508,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,315 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,200 |
| 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 | $0 |
| Total assets | $146,515 |
| Accounts payable and accrued expenses | $593 |
| 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 | $593 |
| Net assets without donor restrictions | $145,922 |
| Net assets with donor restrictions | $0 |
| 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 | $146,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neches River Festival Inc Beaumont, TX | $146,515 | $490,132 |
Groupmuse Foundation Inc Houston, TX | $30,070 | $0 |
Be Like Jojo Foundation Tulsa, OK | $26,560 | $128,720 |
Trf Association Inc Winnie, TX | $5,006 | $0 |
Bogalusa Blues And Heritage Festival Bogalusa, LA | $8,970 | $0 |
Chennault International Airshow Inc Lake Charles, LA | $164,952 | $148,216 |