MIDLAND STORYTELLING FESTIVAL

EIN: 463861092 501(c)(3) Arts, Culture & Humanities

MIDLAND, TX

Total Revenue
$73,942
Total Expenses
$84,654
Total Assets
$68,387
Net Assets
$68,387
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
TX
Principal Officer
M SUE ROSEBERRY
Phone
4326853876
Tax Period
2019-01-01 to 2019-12-31

MIDLAND STORYTELLING FESTIVAL, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $74K in total revenue in fiscal year 2019. Expenses of $85K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSON OF THE MIDLAND STORYTELLING FESTIVAL IS TO UTILIZE STORY TO ENTERTAIN, STIMULATE, PROMOTE AND DEVELOP THE INTEREST OF THE AMERICAN PUBLIC IN THE ORAL TRADITION OF STORYTELLING.

Program Service Accomplishments

Program 1
Expenses: $80,076

THE PURPOSE OF THE MIDLAND STORYTELLING FESTIVAL IS TO UTILIZE STORY TO CAPTURE PARTICIPANT ATTENTION, ENTERTAIN, TEACH, STIMULATE DISCUSSION AND BUILD THE COMMUNITY OF MIDLAND, TX. STORYTELLERS OF...

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THE PURPOSE OF THE MIDLAND STORYTELLING FESTIVAL IS TO UTILIZE STORY TO CAPTURE PARTICIPANT ATTENTION, ENTERTAIN, TEACH, STIMULATE DISCUSSION AND BUILD THE COMMUNITY OF MIDLAND, TX. STORYTELLERS OF NATIONAL & REGIONAL ACCLAIM ARE INVITED TO PARTICIPATE IN AN ANNUAL STORYTELLING FESTIVAL THAT IS HELD EACH YEAR DURING THE MONTH OF DECEMBER. COMMUNITY PROGRAMS, WORKSHOPS, AND SPECIALLY TARGETED PROGRAMS ARE DESIGNED TO MAXIMIZE THE TELLER'S EXPERTISE, PROVIDE PARTICIPANT INTERACTION & ASSIST SCHOOL-AGE STUDENTS WITH UNDERSTANDING THE WRITING PROCESS THROUGH THE ART OF STORYTELLING.MIDLAND STORYTELLING FESTIVAL - A TWO-DAY FESTIVAL ON DECEMBER 6TH & 7TH, 2019 FEATURING NINE NATIONALLY ACCLAIMED STORYTELLING ARTISTS. THE EVENT PROVIDED FOR AN EDUCATION CONNECTION DAY, 4 COMMUNITY PROGRAMS, AND SENIOR CITIZIN PROGRAMS REACHING MORE THAN 4,000 INDIVIDUALS THROUGHOUT THE FESTIVAL WEEKEND. MANY OF THEM WERE INTRODUCED TO STORYTELLING FOR THE FIRST TIME.STORYTELLING COLLABORATION EVENT - PARTNERED WITH MIDLAND HISPANIC CULTURAL CENTER AND MIDLAND HISPANIC CHAMBER DURING THE MONTH OF OCTOBER 2019 TO PROVIDE OBSERVANCE OF HISPANIC CULTURAL MONTH. THE EXECUTIVE DIRECTOR CONDUCTED 4 WORKSHOPS TO TEACH THE ART OF STORYTELLING AND SHARING OF PERSONAL STORIES. A BI-LINGUAL TELLER WAS BROUGHT IN AND SHARED STORIES AT SOME OF OUR SCHOOLS. THE CULMINATION OF THE EVENT WAS A COMMUNITY PROGRAM SHARING STORYTELLING IN THREE WAYS: SPOKEN BY THE BI-LINGUAL TELLING, IN SONG BY THE YOUNG MARIACHIS, AND IN DANCE BY BALLET FLAMENCO. IT WAS OFFERED FREE, AND WAS THE FIRST VENTURE OF THIS TYPE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $73,942
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $73,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,842
Fundraising Expenses $0
Program Expenses $80,076
Other Expenses $58,812
TOTAL EXPENSES $84,654

Year-over-Year Comparison

2019 2018 Change
Revenue $73,942 N/A N/A
Expenses $84,654 N/A N/A
Net Income $-10,712 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
35

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
4
$24,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE ROSEBERRY Executive Dir. 5.00
Officer
$24,000 $0 $24,000
MARY LOU CASSIDY President 1.00
Officer Director
$0 $0 $0
LILLIAN PORTER Treasurer 1.00
Officer Director
$0 $0 $0
CAROL JAMES BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA MATA BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
LOIS HILLIARY Secretary 1.00
Officer Director
$0 $0 $0
CHEA SIMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH PRENTICE BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMIAH PACKER BOARD MEMBER 1.00
Director
$0 $0 $0
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
2019 $73,942 $84,654 $68,387 $-10,712
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