Flamenco Arts Festival Inc
Nonprofit profile at a glance
- EIN
- 770515629
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Santa Barbara, CA, USA
- Phone
- 8059674164
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $37,033
- Expenses
- $29,473
- Assets
- $19,651
- Liabilities
- $9,718
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- VIBIANA PIZANO-SMITH (President)
People named in this filing
- VIBIANA PIZANO-SMITH (President)
- PABLO PIZANO-SMITH (Secretary)
- MARIA CABRERA (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Flamenco Arts Festival mission is to place a spotlight on Hispanic heritage through the presentation of world-class flamenco performances and related arts educational programs; promote and preserve the art of flamenco; make the performing arts accessible to families and children; diversify the performing arts calendar; and build bridges of positive experiences between people.
What it reported doing in 2024
The Flamenco Arts Festival (FAF), founded in 1999, is a vibrant cultural exchange that celebrates Hispanic heritage and promotes the preservation of flamenco dance and music through world-class concerts, lectures, films, and masterclasses. Each year, prominent flamenco artists from Spain and the U.S. travel to Santa Barbara (SB) for 34 days to perform, teach, lecture, and engage with the community, sharing their artistry and representing their cultural traditions.The FAF is a Latino-conceived and organized nonprofit. While its signature events typically takeplace in August, programming can occur year-round, fostering greater understanding and appreciation of flamenco through themes of diversity, ethnic pride, and inclusiveness. The festival is committed to engaging people of all ages, skill levels, and circumstances, with a special focus on underserved families. Its 26-year success underscores its role in fulfilling a vital need for culturally diverse programming in a community that is 46% Hispanic. Today, 56% of the FAF's audience identifies as Hispanic, reflecting its authentic community connection.Flamenco has deep roots in Santa Barbara, where families have practiced the art form for generations. Recognized by UNESCO as a World Heritage treasure, flamenco is celebrated globally, and the FAF is proud to promote and revitalize this 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
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 20.4%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $48K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Filing history: 9 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.