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Mayfest Inc

EIN 75-2160417 · Fort Worth, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceGood73 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PURPOSE FOR WHICH THE CORPORATION HAS BEEN FORMED IS TO CONNECT PEOPLE FOR A BETTER RIVER, BETTER PARKS, AND A BETTER COMMUNITY.

Income
$1.7 million
Spending
$1.7 million
Spent on programs
87%
Reserves
1.6 months of spending
Largest source of income
fees for its services, 93%
Employees
4
Volunteers
350
Highest pay
$75,000, executive director

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 32% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.6 months of spending.

  • Debt

    5 of 20

    It owes 58% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 15% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 73 out of 100. Higher than 23% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.4 million spent. MAYFEST PRODUCES A FOUR-DAY OUTDOOR COMMUNITY FESTIVAL, WHICH WILL CELEBRATE ITS 55TH YEAR IN 2027, AS WELL AS OTHER EVENTS THROUGHOUT THE YEAR. THE FESTIVAL CELEBRATES THE ARTS, THE ENVIRONMENT, CULTURAL DIVERSITY, EDUCATION AND FOCUSES EFFORTS TO CONNECT PEOPLE WITH THE PARKS, THE RIVER, AND EACH OTHER. IT PROVIDES SUPPORT TO THE CITY OF FORT WORTH PARKS & COMMUNITY SERVICES BY LEADING THE WAY WITH PARK IMPROVEMENTS THAT CAN BE ENJOYED BY ALL, AS WELL AS ADDRESSING INFRASTRUCTURE NEEDS; STREAMS & VALLEY, INC. BY SUPPORTING EFFORTS THAT BRING THE COMMUNITY TOGETHER TO CONNECT WITH NATURE, TRAIL DEVELOPMENT THAT ALLOWS USERS A SAFE PLACE TO EXERCISE AND ENJOY A BETTER QUALITY OF LIFE, AND OTHER IMPACTFUL IMPROVEMENTS ALONG THE TRINITY RIVER; AND THE JUNIOR LEAGUE OF FORT WORTH, INC. BY ENSURING PROGRAMS THAT EDUCATE A DIVERSE GROUP OF CHILDREN AND YOUTH ON HEALTHY CHOICES, PHYSICAL ACTIVITY, EDUCATIONAL SUPPORT, EXPOSURE TO THE ARTS AND CULTURAL AWARENESS.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending July 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1987.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.