Red River Events INC EIN 84-3549303 Form 990 (PDF) Claim this org

Red River Events INC

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Promotes music festivals and tourism in Red River, supporting participating musicians. For fiscal year 2024 it reported $306K in revenue, $321K in expenses, and $58K in net assets.Pt I

Type
Membership association · Arts & Culture
Location
Red River, NM
Filings
3 on file (2022–2024)
Revenue
$306KFY2024
Expenses
$321K
Net assets
$58K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  84-3549303 Membership association Red River, NM
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes music festivals and tourism in Red River, supporting participating musicians.
Leadership
Priscilla Frondarina · Vice Preside
Money in and out
$306K revenue, $321K expenses
Bottom line
-5% operating surplus
Membership & operating revenue · FY2024
Total revenue
$306K
Pt VIII · Ln 12
Total expenses
$321K
Pt IX · Ln 25
Net assets
$58K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Operating surplus
-5%
revenue over expenses▼ -146% vs prior filing year
Earned revenue
74%
of revenue from program services & dues▼ -5% vs prior filing year
Program spending
97%
of expenses reach member services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$306K
FY2024▲ +11%
Expenses
$321K
FY2024▲ +31%
Total assets
$58K
FY2024▼ -21%
Total liabilities
$0
FY2024
Total revenue
$306K
Pt VIII · Ln 12
Total expenses
$321K
Pt IX · Ln 25
Net assets
$58K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$58K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRed River Events INC
EINHdr · item D84-3549303
Principal addressHdr · item CRed River, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $311K of program spending, described in the organization's own filed words · FY2024.
01

8750 festival

$203Kprogram expense
02

Aspencade

$102Kprogram expense
03

Songwriters festival

$6Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$226K · 74%
Contributions & grants$84K · 27%
Program service revenue74%$226K
Contributions & grants27%$84K
Total revenueLn 12$306K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$311K
Management & general3%$10K
Total functional expensesLn 25$321K

Balance Sheet

Part X · end of year
CashLn 1$8K
Total assetsLn 16$58K
Total liabilitiesLn 26$0
Total net assetsLn 32$58K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8K · Operating expenses/yr $321K
0.3 months
Where the money goes
Program services
Program services $311K · Total expenses $321K
97%
Management & General
Management & general $10K · Total expenses $321K
3%
Fundraising
Fundraising $0 · Total expenses $321K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $38K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $306K
27%
Government reliance
Government grants — · Total revenue $306K
Earned-income share
Program service revenue $226K · Total revenue $306K
74%
Investment reliance
Investment income $0 · Total revenue $306K
0%
Program self-sufficiency
Program service revenue $226K · Total expenses $321K
70%
Growth & trend
Revenue growth (YoY)
This year $306K · Prior year $275K
+11%
Net-asset trend (YoY)
End of year $58K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $306K · Expenses $321K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $58K
Net-asset ratio
Net assets $58K · Total assets $58K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $58K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Priscilla Frondarina · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $321K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $321K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth 11%
Accounting fee ratio 0.6%

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.

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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)$306K revenue · viewing · ⤓ 990 PDF
FY2023$275K revenue · ⤓ 990 PDF
FY2022$217K 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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