Independence Day Celebration Inc
Nonprofit profile at a glance
- EIN
- 450970609
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Morgan Hill, CA, USA
- Phone
- 4087791776
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Commemorative Events
Reported finances
- Revenue
- $321,478
- Expenses
- $321,697
- Assets
- $130,113
- Liabilities
- $1,865
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- MATTHEW STEIN (President)
People named in this filing
- MATTHEW STEIN (President)
- ELISA ANDREWS (Treasurer)
- JENNIFER EVANS (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
To provide for multi day Independence Day Celebration Events in the City of Morgan Hill including the 4th of July Parade, Fireworks show, Car & Cruise Show, Patriotic Sing, Family Music Fest, 5K Run
What it reported doing in 2024
Fireworks on the Green
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 71
- Accountability: 12
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.3%; rating input score 90
- Program expense ratio: 90.3%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 71.4%; rating input score 71; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 90.3% of revenue deployed · 90.3% of spending went to programs
- Governance: 0 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 7 filed program accomplishments · $240K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 19 of 22 current checks pass · 3 findings to review
- Schedules: 5 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 39/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.