Civic Intelligence

Red River Events Inc

EIN 84-3549303 • 501(c)4 • Red River, NM

Profile

Red river special events is a non-profit organization who's purpose is to increase tourisim in red river and the surrouding areas, promote music festivals in red river and surrounding areas and to promote the participating musicians who are part of the festivals by the sales of their merchandise and other means.

PO Box 189Red River, NM 87558
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A68 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A68 • <$500k nonprofits • Source year 2024

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE A68 • <$500k nonprofits • Source year 2024

Asset Growth

28th percentile

-21%

Faster asset growth than 28% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

11%

Faster revenue growth than 59% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$57,561

Down $15,092 (-21%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$57,561

Down $15,092 (-21%) from 2023

Operations
Liabilities / Revenue63rd percentileNet Margin30th percentile

Revenue

Up

$306,256

Up $31,041 (+11%) from 2023

Expenses

Up

$321,348

Up $75,495 (+31%) from 2023

Net Income

Down

-$15,092

Down $44,454 (-151%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2021: $46,919Liabilities 2021: $4,143Net Assets 2021: $42,7762021Assets 2022: $43,291Liabilities 2022: $0Net Assets 2022: $43,2912022Assets 2023: $72,653Liabilities 2023: $0Net Assets 2023: $72,6532023Assets 2024: $57,561Liabilities 2024: $0Net Assets 2024: $57,5612024

Highlighted filing

2024

Assets$57,561
Liabilities$0
Net Assets$57,561
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2021: $230,365Expenses 2021: $198,637Net Income 2021: $31,7282021Revenue 2022: $217,306Expenses 2022: $216,791Net Income 2022: $5152022Revenue 2023: $275,215Expenses 2023: $245,853Net Income 2023: $29,3622023Revenue 2024: $306,256Expenses 2024: $321,348Net Income 2024: -$15,0922024

Highlighted filing

2024

Revenue$306,256
Expenses$321,348
Net Income-$15,092
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,561
Liabilities
$0
Net assets
$57,561
Revenue
$306,256
Expenses
$321,348
Net income
-$15,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$3.06$3.21$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$2.75$2.46$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$2.17$2.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.04$0.43$2.30$1.99$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 1, 2025
Return Version
2024v5.0
Gross Receipts
$309,709
Mission and Program Overview

Mission

Red river special events is a non-profit organization who's purpose is to increase tourisim in red river and the surrouding areas, promote music festivals in red river and surrounding areas and to promote the participating musicians who are part of the festivals by the sales of their merchandise and other means.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$72,653$7,561▼ $65,092
Total Assets$72,653$57,561▼ $15,092
Other Assets Total-$50,000-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$72,653$57,561▼ $15,092
Total Net Assets Fund Balance$72,653$57,561▼ $15,092
Total Liabilities and Net Assets / Fund Balance$72,653$57,561▼ $15,092

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$50,000--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Steven HeglundPresident
Jon Carl HeglundTreasurer
Priscilla FrondarinaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$84,167
Program Service Revenue
$225,542
Investment Income
$0
Other Revenue
$-3,453
All Other Contributions
$84,167
Change in Net Assets
$-15,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$77,152$8,120-$85,272
Fees for Services Other$66,021--$66,021
Other Expenses$22,234--$22,234
Occupancy$7,865--$7,865
Advertising$6,014--$6,014
Fees for Services Accounting-$1,905-$1,905
Office Expenses$13--$13
Total Functional Expenses$311,323$10,025$0$321,348
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,453
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Red River Events Inc
EIN
84-3549303
Address
PO BOX 189, RED RIVER, NM 87558

Signing Officer

Name
Steven Heglund
Title
President
Phone
5757546284
Signed
2025-08-01

Organization Details

Principal Officer
Steven Heglund
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Ctg Tax
Address
9201 MONTGOMERY BLVD NE SUITE 701, ALBUQUERQUE, NM 87111
Preparer
Crystal Thompson
Phone
5058843703
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Red river special events is a non-profit organization who's purpose is to increase tourisim in red river and the surrouding areas, promote music festivals in red river and surrounding areas and to promote the participating musicians who are part of the festivals by the sales of their merchandise and other means.”

Form 990, Page 2, Part III, Line 4D

“Promote the participating musicians who are a part of the festivals by the sales of their merchandise and other means”

Form 990, Part IX, Line 11G

“Songwriters festival adminiistration 535 0 0 0 0 0 aspencade administration 22,888 0 0 0 0 0 8750 festival administration 41,338 0 0 venue assistance 1,260 0 0 total 66,021 0 0”

Form 990, Part IX, Line 24E

“Lodging 20,636 0 0 merchandise payout 9,407 0 0 meals 9,305 0 0 penalties 0 8,120 0 lodging 5,573 0 0 security 5,307 0 0 sound system 4,500 0 0 awards 4,000 0 0 sound system 3,500 0 0 cogs 3,362 0 0 supplies 3,184 0 0 charitable 2,922 0 0 photography 1,832 0 0 lighting 1,825 0 0 program fes 411 0 0 merchandise payout 375 0 0 utilities 361 0 0 awards 292 0 0 office supplies 260 0 0 gifts 100 0 0 total 77,152 8,120 0”

Raw XML Appendix274 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RED RIVER SPECIAL EVENTS IS A NON-PROFIT ORGANIZATION WHO'S PURPOSE IS TO INCREASE TOURISIM IN RED RIVER AND THE SURROUDING AREAS, PROMOTE MUSIC FESTIVALS IN RED RIVER AND SURROUNDING AREAS AND TO PROMOTE THE PARTICIPATING MUSICIANS WHO ARE PART OF THE FESTIVALS BY THE SALES OF THEIR MERCHANDISE AND OTHER MEANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROMOTE THE PARTICIPATING MUSICIANS WHO ARE A PART OF THE FESTIVALS BY THE SALES OF THEIR MERCHANDISE AND OTHER MEANS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SONGWRITERS FESTIVAL ADMINIISTRATION 535 0 0 0 0 0 ASPENCADE ADMINISTRATION 22,888 0 0 0 0 0 8750 FESTIVAL ADMINISTRATION 41,338 0 0 VENUE ASSISTANCE 1,260 0 0 TOTAL 66,021 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LODGING 20,636 0 0 MERCHANDISE PAYOUT 9,407 0 0 MEALS 9,305 0 0 PENALTIES 0 8,120 0 LODGING 5,573 0 0 SECURITY 5,307 0 0 SOUND SYSTEM 4,500 0 0 AWARDS 4,000 0 0 SOUND SYSTEM 3,500 0 0 COGS 3,362 0 0 SUPPLIES 3,184 0 0 CHARITABLE 2,922 0 0 PHOTOGRAPHY 1,832 0 0 LIGHTING 1,825 0 0 PROGRAM FES 411 0 0 MERCHANDISE PAYOUT 375 0 0 UTILITIES 361 0 0 AWARDS 292 0 0 OFFICE SUPPLIES 260 0 0 GIFTS 100 0 0 TOTAL 77,152 8,120 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRYSTAL THOMPSON
ReturnHeader/ReturnTs02025-08-01T12:30:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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