Mayfest Inc

“Six of the members of the board of directors are appointed by organizations that are supported by mayfest. Two directors are appointed by the junior league of fort worth, texas, inc. For terms of two years each. Two directors are appointed by the executive committee of streams and valleys, inc. For terms of one year each. One director is appointed from the staff of the fort worth park and recreation department and the sixth is selected from the staff of the tarrant regional water district. Each of these directors serves for a term of one year.”

“The executive director, the president and the project manager review the form 990 before submitting it to the finance committee for approval.”

“For board members: mayfest, inc has a 'conflict of interest' form that must be signed by each board member. For central committees: mayfest, inc. Has a statement that reviews situations that may be a conflict of interest and what a volunteer should do in these circumstances. The volunteer must sign that they have read the mayfest handbook and will adhere to the mayfest policies.”

“Form 990 is available on guidestar and upon request.”

“Parking: program service expenses 62,969. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,969. Other expenses: program service expenses 0. Management and general expenses 51,000. Fundraising expenses 0. Total expenses 51,000. Food truck: program service expenses 38,718. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,718. Community projects: program service expenses 12,730. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,730. Admission/ticket expense: program service expenses 8,409. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,409. Volunteer: program service expenses 4,463. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,463. Other festival expenses: program service expenses 3,188. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,188.”

“The organization has not changed its oversight process and has not changed its selection process during teh current fiscal year.”