Overview
What is The College Light Opera Company Inc?
The College Light Opera Company Inc, established in 1969, is a renowned nonprofit organization situated in Falmouth, Massachusetts. It specializes in presenting stage productions of musicals and light operas from June through August, delighting audiences on Cape Cod. Beyond entertainment, its primary mission is to educate and nurture talented university-level students in the performing arts and theatre production. This educational institution provides an exceptional platform for musical theatre, while simultaneously fostering the growth of young artists. With a team of five dedicated individuals, The College Light Opera Company Inc continues to extend its creative influence on the Cape Cod community.
Official website here: www.collegelightoperacompany.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 88%, Three-Star out of Four Star rating.
The College Light Opera Company Inc has received a solid Three-Star rating primarily due to its strong performance in Accountability and Finance, which accounts for 100% of its score. With an overall score of 88%, the organization demonstrates commitment to maintaining a high level of financial accountability. Most notably, the charity has a fully independent board, with 92% of its members meeting this criteria, and it has robust oversight through its Audit and Oversight Committee.
The organization maintains a positive financial health profile, as evidenced by a program expense ratio of 77.95%, signifying that a significant portion of its funding is directed towards its programs. Additionally, the absence of any material diversion of assets and a favorable liabilities to assets ratio further indicates prudent financial management. However, there are some gaps, such as the lack of a whistleblower policy and a document retention and destruction policy, which could be areas for improvement to enhance transparency and governance.
Despite these limitations, the College Light Opera Company Inc shows a commendable effort in accountability, with essential documents and policies largely in place. Overall, the organization continues to serve its mission while maintaining a responsible approach to its financial and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is The College Light Opera Company Inc legitimate?
The College Light Opera Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The College Light Opera Company Inc 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: $0
Professional Fundraising Fees: $48,000
Other Salaries and Wages: $181,736
For more financial information, click here
Official website here: www.collegelightoperacompany.com
What is the mission statement of The College Light Opera Company Inc?
The College Light Opera Company Inc, established in 1969, serves as an independent non-profit educational theater. Its primary mission is to educate and train talented university-level students in the performing arts and theatre production. The company also provides exceptional musical theatre performances for summer audiences. During June through August, they present stage productions of musicals and light operas, thereby fulfilling its dual role as an educational institution and a source of entertainment.
Official website here: www.collegelightoperacompany.com
What is the revenue of The College Light Opera Company Inc?
The College Light Opera Company Inc's revenue in 2023 was $1,470,717.
Official website here: www.collegelightoperacompany.com
Who are the executives of The College Light Opera Company Inc and what are their salaries?
The average compensation at The College Light Opera Company Inc during 2023 was $25,962. There are 7 employees and 25 volunteers at The College Light Opera Company Inc.
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Official website here: www.collegelightoperacompany.com
Where can I find the form 990 for The College Light Opera Company Inc?
The College Light Opera Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.collegelightoperacompany.com
Learn more at the official website: www.collegelightoperacompany.com
Mission Statement of The College Light Opera Company Inc
The College Light Opera Company Inc, an independent nonprofit educational theater established in 1969, is dedicated to educating and nurturing talented university-level students in the performing arts and theater production. Its mission lies in providing exceptional musical theater performances for summer audiences on Cape Cod. The company functions as a platform for these students, enabling them to hone their skills and gain invaluable experience in the field. By presenting a series of musicals and light operas from June through August, The College Light Opera Company Inc not only entertains its audience but also contributes to the growth and development of the next generation of theater artists.
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Impact
July, 2024
The College Light Opera Company Inc's impact lies in its commitment to educating and training talented students in the performing arts and theater production, while simultaneously providing exceptional musical theater experiences for Cape Cod audiences. Through its stage presentations of musicals and light operas performed from June through August, the company not only showcases the talents of its students but also enriches the cultural landscape of the community. Additionally, by offering professional-level training and performance opportunities to university-level students, The College Light Opera Company Inc plays a significant role in nurturing the next generation of artists and fostering a love of the arts among audiences. Overall, the company's dedication to artistic excellence and educational outreach makes it a valuable contributor to the arts scene in Falmouth, MA and beyond.
This information is meant to be a general summary of The College Light Opera Company Inc. 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: $58,883
- Program Service Revenue: $487,928
- Gross Receipts: $1,846,395
Assets and Liabilities:
- Total Assets: $8,227,814
- Total Liabilities: $656,298
- Net Assets: $7,571,516
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE RECEIPTS
Revenue
$472,210
CONCESSION SALES
Revenue
$15,718
Organization Details
Founding Year
1972
Principal Officer
B Deborah Cohen
NTEE Category
Code: A6A0 - Arts
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