EL DORADO FESTIVALS & EVENTS INC

EIN: 450831620 501(c)(3) Arts, Culture & Humanities

EL DORADO, AR

Total Revenue
$2,369,424
Total Expenses
$4,552,652
Total Assets
$45,474,478
Net Assets
$45,185,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AR
Principal Officer
PAMELA GRIFFIN
Phone
8708634547
Tax Period
2024-01-01 to 2024-12-31

EL DORADO FESTIVALS & EVENTS INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 92% operating deficit.

Mission

THE ORGANIZATION'S VISION IS TO CREATE "THE FESTIVAL CITY OF THE SOUTH" HARBORING THE SPIRIT OF SOUTHERN ARTS, CULTURE AND THEMES BY CREATING A FESTIVAL CALENDAR OF EVENTS TO SHARE IN THE AMAZING TALENTS OF THOSE WHO CALL THE SOUTH THEIR HOME. THROUGH A GREATER ENGAGEMENT WITH THE ARTS, WE WILL INCREASE THE QUALITY OF LIFE THROUGH ENHANCEMENT OF AESTHETIC BEAUTY, CULTURAL SOCIAL OFFERINGS AND INCREASED OPENNESS WITH THE CITIZENS OF OUR GREAT CITY.SOCIETY IS MEASURED BY THE MERIT OF ITS CULTURE, AND HERE IN THE SOUTH OUR CUP RUNNETH OVER. WE ARE CELEBRATING WHO WE ARE, WHERE WE HAVE BEEN AND WHERE WE ARE GOING THROUGH A BROAD AND DIVERSE SPECTRUM OF EVENTS AND FESTIVALS THAT WILL EDUCATE OUR YOUNG, INSPIRE OUR COMMUNITY AND FOSTER ECONOMIC GROWTH AND DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $2,415,637 Revenue: $1,361,697

THE ORGANIZATION'S MISSION IS TO CREATE AND SUSTAIN AN ARTS AND ENTERTAINMENT DESTINATION THAT ACTS AS A CATALYST FOR CULTURAL AND EDUCATIONAL CHANGE FOR THE REGION. THIS MISSION WILL BE ACCOMPLISHED...

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THE ORGANIZATION'S MISSION IS TO CREATE AND SUSTAIN AN ARTS AND ENTERTAINMENT DESTINATION THAT ACTS AS A CATALYST FOR CULTURAL AND EDUCATIONAL CHANGE FOR THE REGION. THIS MISSION WILL BE ACCOMPLISHED THROUGH CONSTRUCTING AN ARTS AND ENTERTAINMENT DISTRICT IN DOWNTOWN EL DORADO, ARKANSAS AND PROGRAMMING THIS DISTRICT WITH AN ANNUAL CALENDAR OF EVENTS. THE ORGANIZATION COMPLETED PHASE 1 OF THE CONSTRUCTION AND STARTED CONDUCTING ARTS AND ENTERTAINMENT EVENTS IN SEPTEMBER 2017.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $526,052
Program Service Revenue $1,361,697
Investment Income $357,089
Other Revenue $124,586
TOTAL REVENUE $2,369,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,249,896
Fundraising Expenses $62,267
Program Expenses $2,415,637
Other Expenses $3,302,756
TOTAL EXPENSES $4,552,652

Year-over-Year Comparison

2024 2023 Change
Revenue $2,369,424 $6,542,836 -0.6%
Expenses $4,552,652 $4,276,573 +0.1%
Net Income $-2,183,228 $2,266,263 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
71
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$220,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT WILLIAMSON MEMBER 1.00
Director
$0 $0 $0
STEVE CAMERON MEMBER 0.50
Director
$0 $0 $0
CLAIBORNE P DEMING MEMBER 0.50
Director
$0 $0 $0
R MADISON MURPHY MEMBER 0.50
Director
$0 $0 $0
R ANDREW CLYDE MEMBER 0.50
Director
$0 $0 $0
TERRY C STEWART MEMBER 0.50
Director
$0 $0 $0
PAMELA K GRIFFIN PRESIDENT/CEO/TREASURER 40.00
Officer
$220,000 $0 $220,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,369,424 $4,552,652 $45,474,478 $-2,183,228
2023 $6,542,836 $4,276,573 $47,713,182 $2,266,263
2022 $-7,906,004 $2,654,397 $45,347,965 $-10,560,401
2021 $5,007,919 $1,688,901 $56,070,172 $3,319,018
2020 $-638,329 $1,717,469 $52,649,040 $-2,355,798
2020 $-697,184 $1,717,469 $52,590,185 $-2,414,653
2019 $8,050,061 $3,341,409 $55,476,564 $4,708,652
2018 $12,292,024 $5,021,663 $55,478,514 $7,270,361
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