Ye Mystic Krewe of Gasparilla

What it reported doing in 2025

The name and foundation of tampa's traditional ye mystic krewe of gasparilla pirate invasion and parade come from the legendary pirate jose gaspar, "last of the buccaneers," who terrorized the coastal waters of west Florida during the late 18th and early 19th century. As an aristocrat by birth and officer in the spanish navy, gaspar was well educated, possessed courtly manners, and had all the appearances of a fine gentleman. When jose gaspar died, he supposedly left an untold fortune in buried treasure somewhere along the Florida coast. Though that treasure has never been discovered, the story of the swashbuckling gaspar was unearthed and his memory revived in 1904 when ye mystic krewe of gasparilla was formed and adopted the pirate as patron rogue of their city-wide celebration. (continued on schedule o)inspired by the legend, the organization is dedicated to enriching the vitality and imagination of tampa and the surrounding community. Each year the krewe partners with the city of tampa, u.s. Coast guard, and department of defense to sponsor the gasparilla invasion and parade, the third largest in the united states, which provides entertainment to millions of people from all over the world. The landfall of the jose gasparilla pirate ship and the children's parade fireworks show have become tourism icons. When not hosting their annual children's parade and pirate invasion and parade, the krewe members participate in community and charity events through special appearances in tampa bay and throughout the united states. Krewe members, in pirate attire, regularly visit hospitals, assisted living centers, children's venues, and schools, engaging the community in the spirit and fun of gasparilla events. The krewe also carries on its social tradition with the annual debutante and coronation balls.in addition, ymkg was instrumental in establishing the inter-krewe council, which has grown to include more than 60 other krewes. Each krewe is organized for specific charitable and community service purposes.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1%; rating input score 23; 23rd percentile among comparable filings
• Total-asset coverage ratio: 1.47; rating input score 47; 47th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 6%; rating input score 50; 50th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: 0.7% per year; rating input score 100; 12th percentile among comparable filings