New Brighton Stockyard Days Inc
Nonprofit profile at a glance
- EIN
- 411721363
- IRS 990-EZ coverage
- 2011–2021
- Forms available
- Form 990-EZ 2021
- Location
- New Brighton, MN, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $56,514
- Expenses
- $36,235
- Assets
- $30,010
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Patrick Whelan (President)
- Bruce Nelson (Vice President)
People named in this filing
- Patrick Whelan (President)
- Bruce Nelson (Vice President)
- Tom Miller (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-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
ProvideaCommunityCelebrationfortheCityofNewBrighton.
What it reported doing in 2021
FESTIVALEVENT: Ourweeklongcommunityeventculminatesina3dayfestivalatLongLakeReginalPark.Weestimatethatitisattendedbyover5000festival-goers.Itincludesakaraokecontest, dunktank, bands, kids"FunZone", parade, foodandcraftvendors.
Operating model
- Revenue model
- Donor-supported. 61% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.2%; rating input score 63
- Program expense ratio: 98.6%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 35.9%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 63.2% of revenue deployed · 98.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $36K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2011 to 2021
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.