Irf Incorporated EIN 47-3987171

Irf Incorporated

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Organizes proactive festivals for community, city, and cultural benefit. For fiscal year 2024 it reported $635K in revenue, $539K in expenses, and $406K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Crowley, LA
Filings
5 on file (2020–2024)
Revenue
$635KFY2024
Expenses
$539K
Net assets
$406K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3987171 Public charity (501(c)(3)) Crowley, LA
Form 990 (PDF)
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Size
$100K–1M
What they do
Organizes proactive festivals for community, city, and cultural benefit.
Leadership
Jeff Cavell · Director
Money in and out
$635K revenue, $539K expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$635K
Pt VIII · Ln 12
Total expenses
$539K
Pt IX · Ln 25
Net assets
$406K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$635K
FY2024▲ +12%
Expenses
$539K
FY2024▲ +10%
Total assets
$407K
FY2024▲ +19%
Total liabilities
$833
FY2024▼ -97%
Total revenue
$635K
Pt VIII · Ln 12
Total expenses
$539K
Pt IX · Ln 25
Net assets
$406K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$407K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $487K of program spending, described in the organization's own filed words · FY2024.
01

The international rice festival is a celebration every third weekend in october in the historic downtown area of crowley, louisiana, that emphasizes the role of rice in the economy of southwest louisiana.

$487Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIrf Incorporated
EINHdr · item D47-3987171
Principal addressHdr · item CCrowley, LA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A23)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
General Chairman
$0Pt VII · Sec A
General Co-Chairperson
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue99%$631K
Investment income$2K
Other revenue$2K
Total revenueLn 12$635K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$487K
Management & general10%$52K
Total functional expensesLn 25$539K

Balance Sheet

Part X · end of year
CashLn 1$347K
Total assetsLn 16$407K
Total liabilitiesLn 26$833
Total net assetsLn 32$406K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $347K · Operating expenses/yr $539K
7.7 months
Where the money goes
Program services
Program services $487K · Total expenses $539K
90%
Management & General
Management & general $52K · Total expenses $539K
10%
Fundraising
Fundraising $0 · Total expenses $539K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $635K
0%
Government reliance
Government grants — · Total revenue $635K
Earned-income share
Program service revenue $631K · Total revenue $635K
99%
Investment reliance
Investment income $2K · Total revenue $635K
+0.4%
Program self-sufficiency
Program service revenue $631K · Total expenses $539K
117%
Growth & trend
Revenue growth (YoY)
This year $635K · Prior year $565K
+12%
Net-asset trend (YoY)
End of year $406K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $635K · Expenses $539K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $407K
Net-asset ratio
Net assets $406K · Total assets $407K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $407K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Cavell · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $539K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $539K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Revenue growth 12%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$3K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$635K revenue · viewing · ⤓ 990 PDF
FY2023$565K revenue · ⤓ 990 PDF
FY2022$543K revenue · ⤓ 990 PDF
FY2021$515K revenue · ⤓ 990 PDF
FY2020$7K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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