Babes Fest INC

Public charity (501(c)(3)) Austin, TX EIN 81-5349740 NTEE A20
Revenue
$490K
▲ +43%
FY2024 · Pt VIII · Ln 12
Expenses
$419K
▲ +20%
FY2024 · Pt IX · Ln 25
Net assets
$74K
FY2024 · Pt X · Ln 32
To programs
76%
FY2024 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$490K
FY2024▲ +43%
Expenses
$419K
FY2024▲ +20%

Promotes gender equity in Texas creative communities via festivals, markets, and art programming.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
2 funders, incl. Greater Austin Performing Arts Center INC
$137K in the latest grant year.
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Spent on programs?
76% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↑ +43% vs prior year
Details →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Promotes gender equity in Texas creative communities via festivals, markets, and art programming.

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Austin, TX
Website
futurefronttexas.org
Filings
5 on file (2020–2024)
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Where the money goes · FY2024
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.19 Fundraising $0.04
Program efficiency
76%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▲ +257% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +856% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$88K
FY2024▲ +350%
Total liabilities
$14K
FY2024▼ -17%
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$88K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBabes Fest INC
EINHdr · item D81-5349740
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jfuturefronttexas.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFNov 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
Founding Executive Director
$70,669Pt VII · Sec A
Board President
$13,400Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A

Jane Hervey’s $71K as Founding Executive Director is at the 65th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Jane Hervey$70,669$52,939$46,120$36,675
Xochi Solis$13,400$3,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $315K of program spending, described in the organization's own filed words · FY2024.
01

We hosted 100+ free creative community gatherings at the future front house - from craft workshops and art shows (including madly involved, a path of impermanence and bring it from the back) to panels and performances. We were also able to waive our sliding scale rental fees for austin residents nearly 75% of the time.

$144Kprogram expense
02

Across the front markets spring and fall seasons, we exhibited 437 independent creatives, designers, makers, artists, small business owners and chefs from texas. We also took the front market to our largest public venue yet - waterloo greenway - in downtown austin. This was a landmark moment for our team and the future of the program.

$137Kprogram expense
03

The front festival had another record-breaking year, supporting 65 women and LGBTQ+ artists and 1300 visitors across four days of independent music, film and art.

$34Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$393K · 80%
Program service revenue$97K · 20%
Contributions & grants80%$393K
Program service revenue20%$97K
Other revenue$463
— government grantsLn 1e$125K
Total revenueLn 12$490K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.19 Fundraising $0.04
Program services76%$320K
Management & general19%$81K
Fundraising4%$18K
Total functional expensesLn 25$419K

Balance Sheet

Part X · end of year
CashLn 1$88K
Total assetsLn 16$88K
Total liabilitiesLn 26$14K
Total net assetsLn 32$74K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $88K · Operating expenses/yr $419K
2.5 months
Where the money goes
Program services
Program services $320K · Total expenses $419K
76%
Management & General
Management & general $81K · Total expenses $419K
19%
Fundraising
Fundraising $18K · Total expenses $419K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $223K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $393K · Total revenue $490K
80%
Government reliance
Government grants $125K · Total revenue $490K
26%
Earned-income share
Program service revenue $97K · Total revenue $490K
20%
Investment reliance
Investment income $0 · Total revenue $490K
0%
Program self-sufficiency
Program service revenue $97K · Total expenses $419K
23%
Growth & trend
Revenue growth (YoY)
This year $490K · Prior year $343K
+43%
Revenue CAGR
FY2020 $209K · FY2024 $490K
+24%
Net-asset trend (YoY)
End of year $74K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $490K · Expenses $419K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $88K
—
Net-asset ratio
Net assets $74K · Total assets $88K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $88K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jane Hervey · Reported title FOUNDING EXECUTIVE DIRECTOR · Highest reported compensation $71K · Total expenses $419K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $154K · Total expenses $419K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 19%——
Fundraising cost ratio 5%——
Revenue growth 43%——

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 · FY2024
South Arts INCFY2024$65K
Total grants receivedfrom 2 funders$137K

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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)$490K revenue · viewing · ⤓ 990 PDF
FY2023$343K revenue · ⤓ 990 PDF
FY2022$310K revenue · ⤓ 990 PDF
FY2021$341K revenue · ⤓ 990 PDF
FY2020$209K 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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