Overview
What is Penobscot Theater Company?
Penobscot Theater Company, located at 131 Main Street, Bangor, ME 04401, is a vibrant nonprofit organization dedicated to promoting and encouraging dramatic and theatrical art. They achieve this by producing and sponsoring high-quality live theater performances, some of which have been significant box office successes. Beyond stage productions, the company also conducts children's workshops, educational outreach programs, and intern training programs. These initiatives aim to engage the community and foster an appreciation for theatrical arts. Additionally, Penobscot Theater Company employs 38 individuals, showcasing its commitment to nurturing talent and providing a platform for artistic expression.
Official website here: www.penobscottheatre.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Penobscot Theater Company has achieved an impressive Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization scored 92% in the Accountability & Finance category, indicating that it effectively manages its resources and maintains transparency in its operations. The high score is primarily driven by a solid independent board structure and consistently sound financial practices.
Strengths of the organization include having a fully independent board of 20 members and a robust audit and oversight committee, which ensures a high level of governance. Furthermore, the organization has demonstrated no material diversion of assets, and its financial statements and policies—such as conflict of interest and whistleblower protections—are well-documented and accessible. The program expense ratio of 83.70% also indicates that a significant portion of its funding goes directly towards its programs.
While the data demonstrates strong accountability and financial health, there are no noted areas of limitation in the provided information. Overall, Penobscot Theater Company exemplifies a responsible and transparent nonprofit organization committed to its mission and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Penobscot Theater Company legitimate?
Penobscot Theater Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penobscot Theater Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,256
Professional Fundraising Fees: $13,200
Other Salaries and Wages: $1,119,001
For more financial information, click here
Official website here: www.penobscottheatre.org
What is the mission statement of Penobscot Theater Company?
The Penobscot Theater Company is dedicated to fostering and encouraging dramatic and theatrical art. They achieve this by producing and sponsoring high-quality live theatre productions, conducting children's workshops, offering educational outreach programs, and providing intern training programs. The organization's mission extends beyond the stage, encompassing initiatives such as these to cultivate a passion for theatre and nurture emerging talent. Additionally, the company engages in educational outreach and internship programs, furthering its commitment to promoting theatrical arts.
Official website here: www.penobscottheatre.org
What is the revenue of Penobscot Theater Company?
Penobscot Theater Company's revenue in 2023 was $1,322,279.
Official website here: www.penobscottheatre.org
Who are the executives of Penobscot Theater Company and what are their salaries?
The average compensation at Penobscot Theater Company during 2023 was $18,893. There are 63 employees and 75 volunteers at Penobscot Theater Company.
Here are 20 key members and their salaries:
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Official website here: www.penobscottheatre.org
Where can I find the form 990 for Penobscot Theater Company?
Penobscot Theater Company's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.penobscottheatre.org
Learn more at the official website: www.penobscottheatre.org
Mission Statement of Penobscot Theater Company
Penobscot Theater Company, a nonprofit organization, is dedicated to fostering and inspiring dramatic and theatrical art. They achieve this by producing and sponsoring high-quality live theatre performances, and by conducting children's workshops, educational outreach programs, and intern training programs. The company's mission is to promote and encourage theatrical art, offering a platform for both established and emerging artists.
In addition to live performances, Penobscot Theater Company is committed to nurturing talent and creativity in younger generations. They run children's workshops, providing a nurturing environment where children can explore their love for theatre. The educational outreach programs extend this nurturing beyond the workshop, reaching out to schools and communities to spread the joy of theatre. Furthermore, the company offers intern training programs, providing practical experience and mentorship to aspiring theatre professionals.
Penobscot Theater Company's productions have earned a reputation for quality, with some of their performances achieving significant box office success. This success is a testament to the company's dedication to promoting and encouraging dramatic and theatrical art. By producing and sponsoring high-quality live theatre, conducting children's workshops, and providing educational outreach programs and intern training, Penobscot Theater Company is making a significant contribution to the world of theatre.
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Impact
July, 2024
Penobscot Theater Company's impact lies in its promotion and encouragement of dramatics and theatrical arts through high-quality live theatre productions, children's workshops, educational outreach programs, and intern training initiatives. Based in Bangor, Maine, this theater company has supported numerous live theatrical performances, including some of the biggest box office successes in its history. Through its mission to promote and support the arts, Penobscot Theater Company contributes significantly to the cultural enrichment and artistic development of its community.
This information is meant to be a general summary of Penobscot Theater Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,030
- Program Service Revenue: $744,169
- Gross Receipts: $1,370,285
Assets and Liabilities:
- Total Assets: $3,055,181
- Total Liabilities: $625,464
- Net Assets: $2,429,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REG. SEASON PRODUCTIONS
Revenue
$640,764
EDUCATION AND OUTREACH
Revenue
$103,405
Organization Details
Founding Year
1983
Principal Officer
Dave Barrett
Website
www.penobscottheatre.orgNTEE Category
Code: A650 - Arts
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