Mardi Gras of Southeast Texas Inc

Nonprofit profile at a glance

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

12 people listed

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.

For the promotion of social welfare within irc section 501(c)(4)

As required by the charter, all income not needed for the operation of the events is donated to other 501(c)(3) nonprofit organizations.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Mission deployment rate: Limited
Program expense ratio: 9.9%; rating input score 10
Fundraising efficiency: $1.16 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 46.8%; rating input score 47; 44th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail

Operating margin: -459.6%; rating input score 8; 8th percentile among comparable filings
Total-asset coverage ratio: 3.03; rating input score 40; 40th percentile among comparable filings
Liabilities to assets ratio: 0.08; rating input score 19; 19th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Program expense growth: 13.7% per year; rating input score 100; 80th percentile among comparable filings
Revenue growth: -44.2% per year; rating input score 0; 9th percentile among comparable filings
Asset growth: -12.5% per year; rating input score 0; 11th percentile among comparable filings

Where the money goes: 9.9% of spending went to programs
Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
Programs: 1 filed program accomplishment · $16K in reported program spending
Leadership: top reported pay $0 · 12 people listed
Consistency: 20 of 21 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes major donors and grants
Filing history: 5 filing years from 2020 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Related organizations: 1 filed related-organization link
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.

Signals prioritize questions for review. They are not findings of misconduct.

High — Financial Efficiency: Program expense ratio scored 10/100.
High — Financial Efficiency: Fundraising efficiency scored 17/100.
High — Accountability: Governance controls: 5 of 7 not reported.
Moderate — Transparency & Controls: Grant itemization coverage scored 47/100.
High — Sustainability: Operating margin scored 8/100.
High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Sustainability: Liabilities to assets ratio scored 19/100.