Madison Street Festival Inc

Nonprofit profile at a glance

EIN
630863585
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2022, Form 990-N 2009
Location
Madison, AL, USA
Phone
3099455999
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$41,594
Expenses
$79,018
Assets
$65,381
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Crystal McBrayer (President)

People named in this filing

  • Crystal McBrayer (President)
  • Megan Moore (Secretary)
  • Kathy Morris (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. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Madison Street Festival Inc. is a non-profit organization made up of community volunteers who plan and organize a FREE one-day event held in the City of Madison. This event is family-orientated and promotes businesses and organizations. We provide entertainment, craft vendors, artists, businesses, and food vendors. There is a parade, children's area, teen area, and a few other special exhibits. We are a true family event. Program support includes grants to educational-based organizations within our community. These grants are awarded based on applications each year. We have also served as a financial sponsor for our Madison high school leaders in planning and executing an event similar to ours. We work with the City of Madison school district to provide needed items in a "Stuff the Bus" campaign and we have worked with the downtown area in a few extra events providing crafts for children.

What it reported doing in 2025

In 2025 we awarded grants from our 2024 and 2025 festivals. Our grants to the Madison County Schools totaled $26,950. The breakdown of those programs are as follows: Bob Jones High 420.00 Columbia Elementary 1,500.00, Creekside Primary School 425.00, Discovery Middle School SLC 2,000.00, Journey Middle School Greenpower Racing Team 4,775.00, Horizon Elementary 300.00, Horizon Elementary School Bucket Drumming Club 750.00, James Clemens Winter Guard 500.00, Madison Elementary School 2nd Grade Team 500.00, Rainbow Elementary 780.00, Bob Jones High School Air Force JROTC 500.00, Madison Elementary 300.00, Columbia Elementary Music Dept 350.00, Columbia Elementary School Drama Club 1,000.00, Rainbow Elementary School SPED Classroom 500.00, Harvest Elementary 2,000.00, New Hope Elementary Pre K Blended Classroom 2,500.00, Horizon Elementary 500.00, New Market School 1,000.00, Discovery Middle School 350.00, Sparkman Middle School 2,500.00, Buckhorn Middle School 500.00, Monrovia Middle School 650.00, Buckhorn High School 850.00, The University of Alabama in Huntsville 1,500.00.

Operating model

Revenue model
Other-operating. 74% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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: 81
  • Transparency & Controls: 85
  • Accountability: 18
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 74.9%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 10th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -90%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 84.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 36% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 19.4% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 74.9% of spending went to programs
  • Governance: 0 of 42 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $59K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2023 to 2025
  • 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 — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 19/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.