The Applesauce Group

What it reported doing in 2024

We are proud to highlight the transformative impact of applesauce group's festivals, which have evolved to become crucial community touchpoints for cultural celebration, education, and empowerment. Through our signature events-the great westside fish fry and a vibe called fresh-we have created vibrant spaces that not only bring joy to our community but also provide access to vital life and trajectory-enhancing resources. The great westside fish fry: celebrating community and culture the great westside fish fry marks a pivotal shift in our programming, moving from our earlier "a vibe outside" festival to a larger, more impactful event focused on community engagement, celebration, and empowerment. This event unites thousands in the heart of our historic west end, fostering connections among diverse individuals through food, music, and culture. Key accomplishments include: - celebrating black culture with live music performances, local food vendors, and cultural exhibits, creating a joyful environment for attendees of all backgrounds. - offering a platform for local artists and creatives to engage with the community, showcasing their work and connecting with potential supporters. - strengthening partnerships with community organizations to ensure our festival includes educational opportunities for attendees, from financial literacy to homeownership resources. O date: april 26, 2024 o location: west complex, charlotte, nc o attendance: approximately 5,000-7,000 attendees o program summary: this event served as a large-scale, family-friendly cultural gathering that celebrated west charlotte's historic culture. The fish fry featured live performances, food vendors, a black culinary showcase, and on-site resource partners offering access to financial literacy, homeownership counseling, voter registration, and health services. A vibe called fresh: empowering through resources and opportunity building on the success of past festivals, a vibe called fresh continues to serve as a dynamic platform for providing essential resources that empower our community members. This event blends entertainment hands-on opportunities, making it a one-of-a-kind experience focused on career and personal development. Key accomplishments include: - partnering with local organizations to offer access to resources, prioritizing the economic mobility. - promoting economic growth by spotlighting local businesses and entrepreneurs, encouraging community investment and support for local ventures. O date: september 21, 2024 o location: west complex, charlotte, nc o attendance: over 3,000 community members throughout the day o program summary: a vibe called fresh is applesauce group's flagship festival, designed to fuse art, music, wellness, financial empowerment, and community resources in a joyful, culturally affirming space. This year's event expanded its footprint for a collaboration with charlotte symphony orchestra to create a groundbreaking concert merging the worlds of classical and hip-hop music. We also featured a wellness space for seniors, a youth activity zone, and a marketplace featuring black creatives, entrepreneurs, and nonprofit partners. Collaborative impact of applesauce group's festivals: through our festivals, applesauce group has made significant strides in the following areas: o engagement: thousands of community members actively participated, strengthening connections and fostering a sense of belonging. O empowerment: the resources provided at both festivals have equipped individuals with skills and opportunities to improve their personal and professional lives. O cultural enrichment: by celebrating diverse cultures and traditions, we deepened understanding and promoted social cohesion. O economic growth: local businesses and artists received much-needed exposure, stimulating economic activity and supporting the local economy. O in conclusion, the great westside fish fry and a vibe called fresh reflect applesauce group's continued commitme

Financial Efficiency

• Mission deployment rate: 84.7%; rating input score 85
• Program expense ratio: 49.8%; rating input score 50

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: -70%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 2.61; rating input score 71; 71st 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: 16.9% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: -30.1% per year; rating input score 0; 10th percentile among comparable filings
• Asset growth: 11.7% per year; rating input score 100; 76th percentile among comparable filings