Valparaiso Community Festivals and Event
Nonprofit profile at a glance
- EIN
- 351641452
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- Valparaiso, IN, USA
- Phone
- 2194648332
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $859,373
- Expenses
- $859,110
- Assets
- $409,578
- Liabilities
- $18,728
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- KATHERINE ABEL (EXECUTIVE DIRECTOR)
Highest reported compensation
- KATHERINE ABEL (EXECUTIVE DIRECTOR): $78,672 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The valparaiso community festivals & events, inc. Is organized to promote civic and charitable work; and in furtherance thereof, and consistent with charitable means and for the general public interest and benefit, to organize, promote, administer and sponsor events in the city of valparaiso; to publicize, coordinate and direct all activities of such an event and the promotion of the valparaiso area; to seek charitable organizations of porter county, and surrounding communities; to attract participation of the highest quality.
What it reported doing in 2025
Organize, promote, administer and sponsor an annual popcorn festival on the first saturday after labor day in the city of valparaiso, Indiana.
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 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.2%; rating input score 74
- Program expense ratio: 73.9%; rating input score 74
- Fundraising efficiency: $10.71 raised per $1 spent on fundraising; rating input score 37; 37th 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; 64th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 0% per year; rating input score 100; 11th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 74.2% of revenue deployed · 73.9% of spending went to programs
- Governance: 14 of 14 board members independent · 3 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $635K in reported program spending
- Leadership: top reported pay $79K · 15 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.