Harvest Festival Inc

Nonprofit profile at a glance

EIN
752245159
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Longview, TX, USA
Phone
9037382131
Rating confidence
Limited
Sector
Fairs

Official website

Reported finances

Revenue
$-225,449
Expenses
$52,279
Assets
$2,002,832
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • SCOTT FLOYD (VICE PRESIDENT)
  • AARON ALCORN (PRESIDENT)

People named in this filing

  • SCOTT FLOYD (VICE PRESIDENT)
  • AARON ALCORN (PRESIDENT)
  • JERRY DILLARD (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The organization sponsors an annual livestock show to auction ffa student's livestock. The proceeds, less a minimal handling charge, are remitted to the students for future educational expenses. The organization also sells broiler chicks, sells program ads and cooks a barbeque dinner as part of the livestock show. The organization also sponsors a crawfish boil, sells t-shirts and holds a raffle. The net proceeds of these activities are used for additional college scholarships.the organization also sponsors meetings during the year to educate ffa students and promote agricultural endeavors.

What it reported doing in 2024

Provide college scholarships to graduates of longview area schools.scholarship recipients must make written application to the organization. Scholarships are paid directly to the two or four year college of the student's choice. To be eligible, the student must be a graduating senior, shown at the harvest festival for at least two of his or her high school years and placed in the top one half of the class academically. Applications are judged based on need, scholarship, leadership, citizenship and project program.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 89% 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: 68
  • Transparency & Controls: 94
  • Accountability: 64
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 90.6%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -123.2%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 38.31; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 0.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -85.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 90.6% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $47K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.