Fiesta Events Inc

Nonprofit profile at a glance

EIN
860666998
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Scottsdale, AZ, USA
Phone
4803500900
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Official website

Reported finances

Revenue
$2,898,130
Expenses
$5,105,892
Assets
$985,727
Liabilities
$41,361,258

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • ERIK MOSES (EXECUTIVE DIRECTOR/CEO)

Highest reported compensation

  • ERIK MOSES (EXECUTIVE DIRECTOR/CEO): $761,430 total reported compensation
  • HOPE M SHARETT (CHIEF LEGAL & STRATEGY OFFICER): $281,479 total reported compensation
  • KRISTINA CHUMPOL (CHIEF OF STAFF/VP OF COMM. INV): $218,887 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fiesta events, inc. Is committed to fostering a culture of community outreach and service. The organization hosts events and community activities throughout the year as an outlet for volunteer participation, economic growthand continued support of Arizona charitable organizations in their efforts to reach out and serve others.

What it reported doing in 2024

Fiesta events, inc.'s mission is to be a world-class community organization dedicated to providing premier local events that serve as economic drivers for Arizona and provide charitable resources for our community. Our vision is to be Arizona's leading organization in creating unforgettable experiences through world-class events, unparalleled hospitality and life-changing community impact, focused on pillars of youth, sports and education. Fiesta events, inc., hosts numerous events throughout the year, including a year-round wishes for teachers program, a football kickoff event that draws approximately 1,200 attendees, a par 3 challenge over the course of 3 days, an automated external defibrillator (aed) training and distribution program, a weekly televised fiesta bowl high school football showdown, sponsorship of Arizona interscholastic association (aia) high school football championships, a girls high school flag football tournament, youth football clinics, donations of football fields, playgrounds and resource rooms to schools and parks in need, activation of kindness Arizona week, a televised parade, all the while serving over 600,000 youth through its charitable efforts.as a non-profit organization, we believe in the importance of fostering intentional community engagement of outreach and service. Over the past 15 years, it is estimated that fiesta events, inc. And its surrounding events have contributed to generating over $3 billion in economic impact for Arizona and nearly $35 million in charitable giving to local organizations and educators, through programs like wishes for teachers and serving over 600,000 youth through its programs.

Operating model

Revenue model
Earned-program. 60% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 54
  • Accountability: 89
  • Sustainability: 11
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: $14.88 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 20.7%; rating input score 21; 13th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.6%; rating input score 97; 26th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -76.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 41.96; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
  • Governance: 28 of 29 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.8M in reported program spending
  • Leadership: top reported pay $761K · 39 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.6M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 25 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 21/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.