Finnfest USA 2013 Committee Inc
Nonprofit profile at a glance
- EIN
- 352409675
- IRS 990-EZ coverage
- 2012–2018
- Forms available
- Form 990 2013, Form 990-EZ 2018
- Location
- Hancock, MI, USA
- Phone
- 9064877302
- Rating confidence
- Limited
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Expenses
- $89,806
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- JAMES KURTTI (CHAIRPERSON)
- MICHAEL ABBOTT (VICE CHAIRPE)
- PETER NEGRO (TREASURER)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Finnfest USA is an annual festival with strong academic, cultural, and commerce components presenting finnish and finnish american culture and heritage. It takes place each year in a different community in the united states. It's a festival that brings modern finland together with historic and contemporary america. Finnfest USA is an ethnic festival like no other in the u.s. Each annual festival is organized by a local site working under the supervision of the national board. Local finnish american organizations and individuals work with the entire community in organizing the festival. Finnfest USA 2013 will take place in the cities of houghton and hancock, Michigan and their surrounding areas. It will celebrate the arrival of finnish immigrants to the area, commonly known as the "copper country" on midsummer eve, 1865. Of equal importance, it will transform the challenges, conflicts, and tragedies of the past century into a celebration of heritage and culture for the newest generation
What it reported doing in 2018
Organize annual festival with strong academic, cultural, and commerce components presenting finnish and finnish american culture and heritage.
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
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
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: 38
- Transparency & Controls: 82
- Sustainability: 10
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 60.3% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -49.6% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -8.1% per year; rating input score 0; 53rd percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $90K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2012 to 2018
- 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.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.