Krewe of Pyros Foundation, Inc.
Legal name: Krewe of Pyros Foundation Inc
Nonprofit profile at a glance
- EIN
- 814021084
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024
- Location
- Washington, DC, United States
- Phone
- 2022708938
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $926,753
- Expenses
- $926,914
- Assets
- $724,799
- Liabilities
- $670,341
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Lytaria Walker (Executive Director)
- Cleve Davis (President)
- Antoine Banks (Vice President)
Highest reported compensation
- Lytaria Walker (Executive Director): $35,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Krewe of Pyros Foundation’s mission is to provide representation of Louisiana cultural arts through unity, charity, and celebration, aligned with its motto “Illuminating the Path to Empowerment!”. KOP supports the pursuit of higher education through our scholarship program. The Pipeline Scholarship Program Krewe of Pyros Foundation, Inc. announces our annual scholarship program. Under the program, there are three types of annual scholarships that Illuminate the Path to Empowerment for currently enrolled students from Louisiana attending college in DC, Maryland, or Virginia (DMV) and currently enrolled students from DC, Maryland or Virginia (DMV) attending college in Louisiana. Current active members of The Krewe of Pyros Foundation, Inc. and their immediate family members are NOT eligible to apply. Immediate family includes spouses, parents, siblings, and (step)children. The...
What it reported doing in 2024
Provided Louisiana cuisine, music and arts to 500 attendees living in the DC metro area at our FIYAH Festival (Cookout)
Operating model
- Revenue model
- Other-operating. 87% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 76
- Accountability: 84
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.9%; rating input score 89
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: $22.31 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 54.9%; rating input score 55; 30th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 56.9% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 53.7% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 30% per year; rating input score 100; 91st percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 88.9% of revenue deployed · 88.9% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 6 filed program accomplishments · $824K in reported program spending
- Leadership: top reported pay $35K · 10 people listed
- Consistency: 43 of 45 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes grants
- Filing history: 3 filing years from 2022 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.
- Review — Transparency & Controls: Grant itemization coverage scored 55/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 35/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.