Chilifest Inc
Nonprofit profile at a glance
- EIN
- 742947869
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990 2020, Form 990-EZ 2021
- Location
- College Station, TX, USA
- Phone
- 9796952998
- Rating confidence
- Limited
- Sector
- Public Foundations
Reported finances
- Revenue
- $96,603
- Expenses
- $181,277
- Assets
- $64,055
- Liabilities
- $90,000
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Matthew King (President)
People named in this filing
- Matthew King (President)
- Isaac Gamez (VP of Operation)
- Trace Ruffeno (Assistant VP)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Chilifest is a two-day music festival that draws in over 35,000 people each year and features performances from some of the biggest names in country music and rock. Our main purpose is to give back to local charities throughout the Brazos Valley and its surrounding areas while providing a unique festival experience to attendees.
What it reported doing in 2021
Provide Charitable donations to many local non-profit organizations who provide support for students and other individuals and causes in the local community.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 93
- Sustainability: 17
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -87.7%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 1.41; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -15.3% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: -4.1% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.