Raleigh St Patricks Day Parade Committee
Nonprofit profile at a glance
- EIN
- 470885749
- IRS 990-EZ coverage
- 2012–2015
- Forms available
- Form 990-EZ 2015, Form 990-N 2011
- Location
- Raleigh, NC, USA
- Phone
- 9199951224
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $28,062
- Expenses
- $57,593
- Assets
- $26,609
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Margaret Lavoie (Co-chair)
- Dianne Enright (Co-chair)
- Mathew Burke (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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to plan, organize and conduct the annual Raleigh St. Patrick's Day Parade and all associated activities. Other activities planned by the committee are the After Parade Festival, Grand Marshal Induction Ceremony, and other related events not specifically mentioned. With these events, the Committee's goal is to share and spread awareness to the committed deeds of the St. Patrick, the patron saint of Ireland, and to celebrate the importance of family, fellowship and what it means to be Irish.
What it reported doing in 2015
The Wearin' 'O the Green Festival is held on City Plaza at the south end of Fayetteville Street in downtown and includes both the east and west sides of Davie St. The festival includes live music, food as prepared by contracted festival vendors, and entertainment.We'll setup two stages for music and entertainment for the festival: one main stage in City Plaza on Fayetteville and a second dance stage on the corner of Fayetteville and Martin Street. The dance stage will host traditional Irish dance performances from two notable schools in the area: Inis Cairde School of Irish Dance and Trionoide Academy of Irish Dance. Music entertainment on the main stage is provided by local acts playing traditional Gaelic and Irish music as well as a main headliner band to close the evening. This year's performance was by the band Homeland out of Richmond, VA. The festival also plays host to a series of food and merchandise vendors to make a sell various Irish fare and items. To generate the majority of our operating revenue, the Committee contacts with local alcohol distributors to sell beer for festival patrons over the age of 21. All individuals on the Committee as well as the volunteer groups with contract with to assist in check id's, sell tickets and pour beer are ALE certified and we carry both General Liability and Workers Compensation insurance for the event. A single 12 ounce cup of beer is sold for $5. Additional revenue is obtained through a vendor entry fee of $250 for non-food vendors and $300 for food vendors.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 97% 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. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -105.2%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 10.9% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: -17.3% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -21.3% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $58K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2012 to 2015
- 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.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.