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Friends of the Halstead Inc

EIN 86-2430710 · Fairhope, AL

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

LegitimacyPassesRegistration and standingFinancial healthFair64 out of 100GovernanceWeak38 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE RESPONSE PART 1, LINE 1 AND CONTINUED ON SCHEDULE 0

Income
$722,799
Spending
$799,510
Spent on programs
67%
Reserves
2 months of spending
Largest source of income
fees for its services, 82%
Employees
0
Volunteers
0

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

Financial health

Fair: 64 out of 100. Higher than 33% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.0 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 11% of income.

  • Income trend

    15 of 15

    Income rose 28% on the year before.

  • Spending floor

    15 of 15

    67% of spending went to programs and raising each dollar of donations cost 0 cents.

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

Governance

Weak: 38 out of 100. Higher than 7% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    5 of 25

    0 of 9 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no 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.

  • Independent check of accounts

    6 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 December 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 (2)
  1. $537,851 spent. THE ORGANIZATION PUTS ON A SEASONAL CONCERT SERIES AT THE HALSTEAD AMPHITHEATER IN FAIRHOPE, ALABAMA. THE ORGANIZATION PRODUCES AND PAYS FOR THE CONCERTS, WHICH ARE HELD EACH SPRING AND FALL. THE ACTIVITY IS FUNDED THROUGH TICKET SALES AND SPONSORSHIP DONATIONS. APPROXIMATELY 90% OF THE ORGANIZATION'S EXPENSES ARE RELATED TO PRODUCING THE SHOWS. 80% OF THE ORGANIZATION'S TIME IS SPENT BOTH PLANNING FOR AND RUNNING THE SHOWS. THE CONCERT SERIES FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE BY PROVIDING LIVE MUSIC FOR THE COMMUNITY OF FAIRHOPE.
  2. THE ORGANIZATION ALSO AWARDS THE JACOB HALL MEMORIAL MUSICAL GRANT WHICH IS INTENDED TO PROVIDE ACCESS TO MUSICALRESOURCES FOR ASPIRING MUSICIANS. EXAMPLES OF POTENTIALLY QUALIFYING NEEDS INCLUDE MONEY FOR INSTRUMENTS, EQUIPMENT, MUSIC LESSONS, COST OF MUSIC CAMPS OR RECITALS, MUSIC TUITION OR MUSIC BOOKS. A THIRD PARTY VENDOR INVOICE IS REQUIRED DETAILING THE PRICE OF THE MUSICAL NEED AND THE GRANT IS PAID DIRECTLY TO THE THIRD PARTY VENDOR. APPLICANTS FOR THE GRANT MUST SUPPLY REFERENCES AND GRANTS ARE LIMITED TO NO MORE THAN $2,000 PER ISSUANCE. THE GRANT IS FUNDED THROUGH A PORTION OF THE TICKET SALES FROM THE SEASONAL CONCERT SERIES RUN BY THE ORGANIZATION. GRANTS ARE ISSUED TWICE A CALENDAR YEAR AND RECIPIENTS ARE CHOSEN BY THE FRIENDS OF THE HALSTEAD. THE GRANT IS ADVERTISED ON THE WEBSITE OF THE CONCERT SERIES, WWW.LIVEATFIVEFAIRHOPE.COM. APPROXIMATELY 20% OF THE ORGANIZATION'S TIME IS SPENT ADMINISTERING THIS GRANT. THE GRANT FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE BY HELPING TO MEET THE MUSICAL NEEDS OF MUSICIANS IN THE COMMUNITY.

Source: Form 990 for the year ending December 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 December 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 January 2022.

    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.