Norfolk Nato Festival Inc

Nonprofit profile at a glance

EIN
541580182
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Norfolk, VA, USA
Phone
7576053073
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Commemorative Events

Official website

Reported finances

Revenue
$222,648
Expenses
$181,743
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

24 people listed

People named in this filing

  • JEFF MAISEY (CHAIRMAN)
  • DAVID WHITE (VICE CHAIRMA)
  • YVONNE ALLMOND (IMMED PAST C)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to honor and promote the international influence the nato command in norfolk, Virginia and its 28 member nations bring to the city. The organization offers festival events that include educational programs for children, cultural events to engage the community, and opportunities to empower industries in the hampton roads, Virginia area.

What it reported doing in 2016

Educational programs - norfolk nato festival, inc. Conducts various educational programs for local high school students and norfolk public school students. All norfolk public high school students and local high school students are invited to apply for the model nato challenge, a scholarship competition which awards scholarships to the top six finalists. The youth ambassador program facilitates community service opportunities for dependent children (14 - 18 years old) of nato personnel while satisfying diploma and university application requirements. Nnf also works closely with the academy of international studies at rosemont in norfolk to provide guest speakers from the nato command, presenting information about their countries, cultures, and military organizations.

Operating model

Revenue model
Grant-funded. 80% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 45
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.7%; rating input score 68
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $32.37 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 18.4%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: -6.8% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -0% per year; rating input score 0; 35th percentile among comparable filings
  • Asset growth: -22.6% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 67.7% of revenue deployed · 82.9% of spending went to programs
  • Governance: 24 of 24 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $151K in reported program spending
  • Leadership: top reported pay $0 · 24 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2010 to 2016
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.