Overview
What is Worcester Center For Performing Arts Inc?
The Worcester Center for Performing Arts Inc, also known as The Hanover Theatre, is a vibrant nonprofit organization located at 2 Southbridge Street, Worcester, MA, 01608. With a team of 232 employees, it has become a cultural hub in the city, hosting approximately 150 public performances annually, attracting over 200,000 attendees. The Hanover Theatre is committed to fostering a deep-rooted appreciation for the performing arts among both audiences and artists. By bringing visitors to Worcester and enhancing its reputation as an entertainment and cultural destination, the organization has significantly contributed to the city's revitalization. Based on research of successful venues nationwide, The Hanover Theatre estimates its economic impact on Worcester at approximately $40 million annually, generating employment, property value growth, and tax revenue. The organization's conservatory programs engage over 500 young people each year, offering classes and programs in theatre, technical theatre, and dance.
Official website here: www.thehanovertheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
The Worcester Center for Performing Arts Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score is based entirely on its performance in accountability and finance, highlighting its expertise in managing resources effectively.
One of the organization's strengths is its governance structure, as it boasts a fully independent board with 31 members, demonstrating a commitment to ethical oversight. The charity also excels in financial management, with a program expense ratio of 78.15%, indicating that a significant portion of its resources is directed toward its mission-related activities.
There are no noted limitations in the financial practices of the organization, as it has maintained a clean record with no material diversion of assets and has implemented comprehensive policies such as conflict of interest and whistleblower protections. Overall, the Worcester Center for Performing Arts Inc stands out as a well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester Center For Performing Arts Inc legitimate?
Worcester Center For Performing Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester Center For Performing Arts 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: $0
Other Salaries and Wages: $5,562,559
For more financial information, click here
Official website here: www.thehanovertheatre.org
What is the mission statement of Worcester Center For Performing Arts Inc?
The Worcester Center for Performing Arts Inc, also known as The Hanover Theatre, is dedicated to fostering a deep-rooted appreciation for the performing arts among audiences and artists, both presently and in the future. This passion will contribute to the revitalization of the city by attracting visitors and enhancing Worcester's reputation as a cultural and entertainment destination. Based on research from successful performing arts venues nationwide, The Hanover Theatre's economic impact on the city is estimated to be approximately $40 million annually through direct and indirect spending, job creation, property value increases, and tax revenues. Furthermore, the organization's conservatory programs cater to over 500 young people each year, offering classes and initiatives in theatre, technical theatre, and dance.
Official website here: www.thehanovertheatre.org
Who is the CEO of Worcester Center For Performing Arts Inc?
Troy Siebels is the Director of Worcester Center For Performing Arts Inc. The CEO's salary of Worcester Center For Performing Arts Inc is $233,471 and their total compensation is $259,170.
Official website here: www.thehanovertheatre.org
What is the revenue of Worcester Center For Performing Arts Inc?
Worcester Center For Performing Arts Inc's revenue in 2022 was $13,725,297.
Official website here: www.thehanovertheatre.org
Who are the executives of Worcester Center For Performing Arts Inc and what are their salaries?
The average compensation at Worcester Center For Performing Arts Inc during 2022 was $23,977. There are 232 employees and 269 volunteers at Worcester Center For Performing Arts Inc.
Here are 30 key members and their salaries (Worcester Center For Performing Arts Inc's CEO's salary is $233,471 and their total compensation is $259,170):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $233,471
- Related: $0
- Other: $25,699
Official website here: www.thehanovertheatre.org
Where can I find the form 990 for Worcester Center For Performing Arts Inc?
Worcester Center For Performing Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thehanovertheatre.org
Learn more at the official website: www.thehanovertheatre.org
Mission Statement of Worcester Center For Performing Arts Inc
The Worcester Center For Performing Arts Inc, also known as The Hanover Theatre, is a nonprofit organization dedicated to fostering and nurturing a passion for the performing arts among audiences and artists of today and tomorrow. By igniting this passion, the Hanover Theatre aims to contribute fully to the revitalization of downtown Worcester, attracting visitors to the city and enhancing its reputation as a cultural and entertainment destination.
Based on extensive research of successful performing arts venues across the nation, the Hanover Theatre estimates its economic impact on Worcester to be approximately $40 million annually. This impact includes both direct and indirect spending, job creation, increased property values, and tax revenues. The Hanover Theatre's commitment to the performing arts extends beyond its own operations, with its Conservatory programs reaching over 500 young people each year through classes and initiatives in theatre, technical theatre, and dance.
Through its diverse range of programs, the Hanover Theatre seeks to provide opportunities for artistic growth and expression while also contributing to the economic vitality of the community. By bringing people together through the shared experience of live performances, the Hanover Theatre fosters a sense of connection and community engagement, making it an essential cultural hub in Worcester.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Worcester Center for Performing Arts Inc, through its flagship venue, the Hanover Theatre, plays a significant role in the cultural and economic landscape of Worcester. By hosting approximately 150 performances annually, the theater attracts around 200,000 attendees, contributing to the revitalization of downtown Worcester. This influx of visitors enhances the perception of the city as a vibrant destination for entertainment and culture.
Economically, the Hanover Theatre estimates its impact on the city to be about $40 million each year, encompassing direct and indirect spending, job creation, increased property values, and tax revenues. Additionally, the Theatre’s conservatory programs reach over 500 young people, fostering skills and nurturing a passion for the performing arts in theatre, technical theatre, and dance. This not only supports artistic individual growth but also strengthens the community's cultural fabric.
In summary, the Worcester Center for Performing Arts not only enriches the local arts scene but also acts as a catalyst for economic growth and urban revitalization, making Worcester a more appealing destination for both residents and visitors alike.
This information is meant to be a general summary of Worcester Center For Performing Arts 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 2022.
- Investment Income: $10,062
- Program Service Revenue: $7,926,601
- Gross Receipts: $13,725,297
Assets and Liabilities:
- Total Assets: $9,691,794
- Total Liabilities: $3,996,601
- Net Assets: $5,695,193
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$5,931,148
OTHER PRODUCTION INCOME
Revenue
$702,290
TUITION
Revenue
$679,389
MEMBERSHIP
Revenue
$613,774
Organization Details
Founding Year
2002
Phone
(508) 471-1760Principal Officer
Troy Siebels
Main Address
2 SOUTHBRIDGE STREET, WORCESTER, MA, 01608
Website
www.thehanovertheatre.orgNTEE Category
Code: A20 - Arts
If you are a representative of Worcester Center For Performing Arts Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.