Neches River Festival Inc
- Assets
- $99.0k
- Revenue
- $493.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Beaumont, TX
- Founding
- 08/1951
- Data as of
- 05/2024
- 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 05/2024, Neches River Festival Inc generated $493.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $528.5k during the year ending 05/2024. While expenses have increased by 9.7% per year over the past 8 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
2024
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 |
|---|---|---|---|
Mellie Bevilacqua Social Chair | OfficerTrustee | 0.5 | $0 |
Colby Crenshaw Secretary | OfficerTrustee | 0.5 | $0 |
Miles Hayes Treasurer | OfficerTrustee | 2 | $0 |
Justin Huff First Vice P | OfficerTrustee | 2 | $0 |
Julia Matheny Social Chair | OfficerTrustee | 0.5 | $0 |
Zach Stiles Second Vice | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,244 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,889 |
| Total Program Service Revenue | $205,347 |
| Investment income | $20 |
| 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 | $493,256 |
| 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 | $61,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $260 |
| Fees for services: Other | $400 |
| Advertising and promotion | $0 |
| Office expenses | $9,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,418 |
| 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 | $3,590 |
| All other expenses | $50 |
| Total functional expenses | $528,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Total assets | $99,012 |
| Accounts payable and accrued expenses | $1,562 |
| 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 | $1,562 |
| Net assets without donor restrictions | $97,450 |
| 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 | $99,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cotillion Club Shreveport, LA | $484,607 | $611,678 |
Neches River Festival Inc Beaumont, TX | $99,012 | $493,256 |
Eddy County Fair Association Carlsbad, NM | $1,156,631 | $1,363,395 |
Sunny Dayz Inc Edmond, OK | $8,928 | $0 |
Bogalusa Blues And Heritage Festival Bogalusa, LA | $1,318 | $0 |
Trf Association Inc Winnie, TX | $6,916 | $0 |
Chennault International Airshow Inc Lake Charles, LA | $83,865 | $14,761 |
Be Like Jojo Foundation Tulsa, OK | $0 | $4,000 |
Babgys Gathering Place Broken Arrow, OK | $35,974 | $0 |