Finger Lakes Grassroots Festival Organization Inc
Finger Lakes Grassroots Festival Organization maintains stable finances with growing assets and no reported officer compensation.
EIN: 161411913 · Trumansburg, NY · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $378K |
| Transparency Score | 85/100 |
Is Finger Lakes Grassroots Festival Organization Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finger Lakes Grassroots Festival Organization Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finger Lakes Grassroots Festival Organization Inc
Finger Lakes Grassroots Festival Organization Inc (EIN: 161411913) is a nonprofit organization based in Trumansburg, NY, classified under NTEE code T20J. The organization reported total revenue of $2.0M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finger Lakes Grassroots Festival Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finger Lakes Grassroots Festival Organization Inc is a mid-size nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-32,900 |
| Total Assets | $1.5M |
| Total Liabilities | $1.2M |
| Net Assets | $378K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 75.4% |
| Months of Reserves | 9.4 months |
Financial Health Grade: C
In 2023, Finger Lakes Grassroots Festival Organization Inc reported a deficit of $33K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 75.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Finger Lakes Grassroots Festival Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +19.8% | +8.4% |
| 2022 | +13.2% | +100.5% | -12.5% |
| 2021 | +333.2% | +169.5% | +45.5% |
| 2020 | -73.9% | -76.3% | +4.7% |
| 2019 | +4.0% | +1.4% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Finger Lakes Grassroots Festival Organization Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Finger Lakes Grassroots Festival Organization Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or compensation levels below IRS reporting thresholds, which is unusual for an organization with nearly $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Finger Lakes Grassroots Festival Organization Inc's IRS 990 filings:
- Lack of detailed executive compensation information (0% reported across all filings, which is unusual for an organization of this size)
- Slight deficit in the most recent fiscal period (202312), where expenses exceeded revenue by $32,900.
Strengths
The following positive indicators were identified for Finger Lakes Grassroots Festival Organization Inc:
- Consistent financial reporting with 14 IRS 990 filings.
- Significant growth in assets from $483,415 in 2015 to $1,538,340 in 2023, indicating strong financial management.
- Generally stable revenue generation, consistently around $1.3M - $1.9M in recent years (excluding 2020 pandemic impact).
- No reported officer compensation, potentially indicating high efficiency in executive overhead.
Frequently Asked Questions about Finger Lakes Grassroots Festival Organization Inc
Is Finger Lakes Grassroots Festival Organization Inc a legitimate charity?
Finger Lakes Grassroots Festival Organization Inc (EIN: 161411913) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Finger Lakes Grassroots Festival Organization Inc spend its money?
Finger Lakes Grassroots Festival Organization Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Finger Lakes Grassroots Festival Organization Inc tax-deductible?
Finger Lakes Grassroots Festival Organization Inc is registered as a tax-exempt nonprofit (EIN: 161411913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Finger Lakes Grassroots Festival Organization Inc CEO make?
Finger Lakes Grassroots Festival Organization Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Finger Lakes Grassroots Festival Organization Inc's spending goes to programs?
Finger Lakes Grassroots Festival Organization Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finger Lakes Grassroots Festival Organization Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Finger Lakes Grassroots Festival Organization Inc is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finger Lakes Grassroots Festival Organization Inc located?
Finger Lakes Grassroots Festival Organization Inc is headquartered in Trumansburg, New York and files with the IRS under EIN 161411913. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Finger Lakes Grassroots Festival Organization Inc have?
Finger Lakes Grassroots Festival Organization Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
How does the organization manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 14 filings suggests that executive leadership may be entirely volunteer-based or compensated through non-reportable means, or that individual compensation falls below the IRS reporting threshold for officers, directors, trustees, and key employees.
What is the primary driver of the organization's revenue?
Given the organization's name, 'Finger Lakes Grassroots Festival Organization Inc.', it is highly probable that the primary driver of revenue is ticket sales, sponsorships, and related activities from the annual music and arts festival.
Why did expenses exceed revenue in the 2023 fiscal period?
In 2023, expenses ($1,953,947) slightly exceeded revenue ($1,921,047). This could be due to increased operational costs, one-time investments, or a slight dip in festival attendance/revenue compared to projections. It's a minor deficit and not indicative of a long-term trend given their history.
Filing History
IRS 990 filing history for Finger Lakes Grassroots Festival Organization Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Finger Lakes Grassroots Festival Organization Inc's revenue has grown by 79.1%, moving from $1.1M to $1.9M. Total assets increased by 224.1% over the same period, from $475K to $1.5M. Total functional expenses rose by 99.2%, from $981K to $2.0M. In its most recent filing year (2023), Finger Lakes Grassroots Festival Organization Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $1.5M in assets (debt-to-asset ratio: 75.4%), resulting in net assets of $378K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $1.5M | $1.2M | — | — |
| 2022 | $1.7M | $1.6M | $1.4M | $1.0M | — | — |
| 2021 | $1.5M | $813K | $1.6M | $841K | — | View 990 |
| 2020 | $355K | $302K | $1.1M | $1.0M | — | View 990 |
| 2019 | $1.4M | $1.3M | $1.1M | $1.0M | — | View 990 |
| 2018 | $1.3M | $1.3M | $965K | $1.0M | — | View 990 |
| 2017 | $1.3M | $1.3M | $527K | $645K | — | View 990 |
| 2016 | $1.8M | $1.7M | $516K | $646K | — | View 990 |
| 2015 | $1.8M | $1.8M | $483K | $706K | — | View 990 |
| 2014 | $1.6M | $1.7M | $519K | $742K | — | View 990 |
| 2013 | $1.5M | $1.6M | $605K | $540K | — | View 990 |
| 2012 | $984K | $970K | $557K | $17K | — | View 990 |
| 2011 | $1.0M | $984K | $532K | $6K | — | View 990 |
| 2010 | $1.1M | $981K | $475K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $1.5M (revenue +10.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $1.4M (revenue +13.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $813K, and assets of $1.6M (revenue +333.2% year-over-year).
- 2020: Revenue of $355K, expenses of $302K, and assets of $1.1M (revenue -73.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue +4.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $965K (revenue -2.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $527K (revenue -25.0% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $516K (revenue +1.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $483K (revenue +13.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $519K (revenue +5.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $605K (revenue +50.5% year-over-year).
- 2012: Revenue of $984K, expenses of $970K, and assets of $557K (revenue -5.8% year-over-year).
- 2011: Revenue of $1.0M, expenses of $984K, and assets of $532K (revenue -2.6% year-over-year).
- 2010: Revenue of $1.1M, expenses of $981K, and assets of $475K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finger Lakes Grassroots Festival Organization Inc:
Data Sources and Methodology
This transparency report for Finger Lakes Grassroots Festival Organization Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.