Babes Fest INC FY2022 filing

Tax-deductible

Austin, TX501(c)(3)Arts & CultureEIN 81-5349740Revenue $310K in FY2022

On file with the IRSfuturefronttexas.org5201 Park at Woodlands Dr, 78724-7210 · Austin, TXTax-exempt since Nov 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To promote gender equity in creative communities in texas through festivals, markets, exhibitions, workshops and artistic programming.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $137K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
-9% vs prior year
Spent
$346K
To programs
79%
Net assets
$9K
By yearFY2020–FY2024
Revenue
$310K
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$209K
FY2021$341K
FY2022$310K
FY2023$343K
FY2024$490K
Expenses
$346K
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$222K
FY2021$303K
FY2022$346K
FY2023$350K
FY2024$419K
Net assets
$9K
FY2022▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2020$7K
FY2021$45K
FY2022$9K
FY2023$2K
FY2024$74K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $275K Management & general 16% · $57K Fundraising 4% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Treasurer
$0Pt VII · Sec A
Programs Officer
$0Pt VII · Sec A
Development Officer
$0Pt VII · Sec A
Board Operations Officer
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Executive Director
$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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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Provided by the organization

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3 programs · $275K · in their own filed words · FY2022
01

Creative learning SPACES/EDUCATIONAL guide & community RESOURCES/COMMUNITY events:we provided many educational opportunities to the community through our public workshops, educational series & conferences which explored creativity, community building and RESILIENCE.WE provided the community access to our blog, a living collection of free…

$145Kprogram expense
02

Through our market program, the front market, we amplified women and LGBTQ+ creatives, artists, designers, founders and leaders and provided them access to new customers. The front market hosted its first spring and fall season for the frist time since the shutdown, with 406 vendors across both SEASONS.WITH a team of over 200 people and…

$93Kprogram expense
03

Through our festival, the front festival, we provide peformance and commission opportunities to artists, while connecting them to new fans and community MEMBERS.THE front festival, after being scaled down for the past three years, was back to its true form.

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
South Arts INCFY2024$65K
Total grants receivedfrom 2 funders$137K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$310K
Ln 12
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$73K
Other incomeLn 4–11$360
Money outPt IX
$346K
Ln 25
Programscol B$275K
Managementcol C$57K
Fundraisingcol D$15K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$19K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$73K
Other incomeLn 4–11$360
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$19K
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6106
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$65K$27K
Total assetsLn 16$65K$27K
LiabilitiesLn 26$20K$19K
Net assetsLn 32$45K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$205$205
Other salaries and wagesLn 7$91K$56K$24K$12K
Other employee benefitsLn 9$8K$5K$3K$786
Payroll taxesLn 10$7K$4K$2K$899
Other fees for servicesLn 11g$78K$77K$2K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$4K$1K$3K
Information technologyLn 14$8K$8K
OccupancyLn 16$13K$2K$11K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$7K$4K$4K
InterestLn 20$579$579
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$115K$115K
All other expensesLn 24e$653$653
Total functional expensesLn 25$346K$275K$57K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $490K$419K$71K$74K 990 PDF
FY2023 $343K$350K−$7K$2K 990 PDF
FY2022 Viewing $310K$346K−$36K$9K 990 PDF
FY2021 $341K$303K$38K$45K 990 PDF
FY2020 $209K$222K−$14K$7K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $310,200 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $266,214$236,371
I-9 Program service revenuePrior year $69,486$73,469
I-10 Investment income$0
I-11 Other revenuePrior year $5,292$360
I-12 Total revenuePrior year $340,992$310,200
I-13 Grants and similar amounts paidPrior year $2,982$205
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,404$106,607
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $191,783$239,488
I-18 Total expensesPrior year $303,169$346,300
I-19 Revenue less expensesPrior year $37,823−$36,100
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $310,200 across 5 lines filed
Lines not itemized here account for $360 of total revenue; see the IRS return.
VIII-1b Membership dues$18,769
VIII-1f All other contributions, gifts and grants$217,602
VIII-1h Total contributions, gifts and grants$236,371
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,469$73,469
VIII-12 Total revenueRelated to mission $73,829 · Unrelated business $0 · Excluded from tax $0$310,200
Part IX · Statement of functional expenses $346,300 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $205$205
IX-7 Other salaries and wagesPrograms $55,699 · Management $23,871 · Fundraising $11,680$91,250
IX-9 Other employee benefitsPrograms $5,003 · Management $2,532 · Fundraising $786$8,321
IX-10 Payroll taxesPrograms $4,296 · Management $1,841 · Fundraising $899$7,036
IX-11g Other fees for servicesPrograms $76,508 · Fundraising $1,600$78,108
IX-12 Advertising and promotionPrograms $8,640$8,640
IX-13 Office expensesPrograms $1,136 · Management $2,867$4,003
IX-14 Information technologyManagement $7,726$7,726
IX-16 OccupancyPrograms $1,920 · Management $10,879$12,799
IX-17 TravelPrograms $3,070$3,070
IX-19 Conferences, conventions and meetingsPrograms $3,644 · Management $3,644$7,288
IX-20 InterestManagement $579$579
IX-23 InsuranceManagement $1,917$1,917
IX-24 Other expenses (24a–d)Programs $114,705$114,705
IX-24e All other expensesManagement $653$653
IX-25 Total functional expensesPrograms $274,826 · Management $56,509 · Fundraising $14,965$346,300
Part X · Balance sheet $27,448 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $65,452$27,448
X-16 Total assetsStart of year $65,452$27,448
X-17 Accounts payable and accrued expensesStart of year $1,242$870
X-24 Unsecured notes and loans payableStart of year $19,209$17,677
X-26 Total liabilitiesStart of year $20,451$18,547
X-32 Total net assets or fund balancesStart of year $45,001$8,901
X-33 Total liabilities and net assetsStart of year $65,452$27,448
Part XI · Reconciliation of net assets $8,901 net assets at year end
XI-1 Total revenue$310,200
XI-2 Total expenses$346,300
XI-3 Revenue less expenses−$36,100
XI-4 Net assets at start of year$45,001
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,901

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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