Overview
What is Theaterworks Inc?
Theaterworks Inc, based in Hartford, Connecticut, is a distinguished nonprofit organization dedicated to creating high-quality contemporary theater. With a strong history of growth and achievement, they program their season with relevant productions that cater to a diverse community, offering insights into the human experience. During the 2022-2023 season, Theaterworks Inc sold 2,400 subscriptions, with membership prices ranging from $175 to $250. Their mission and activities stretch beyond the stage, engaging with the community and fostering an inclusive environment for theatergoers. Employing a workforce of 103 individuals, Theaterworks Inc strives to captivate and inspire audiences through their thought-provoking performances.
Official website here: www.twhartford.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Theaterworks Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. With a score of 96%, the organization demonstrates a commitment to transparency and responsible management of resources, as indicated by their high ratings in several key areas such as board independence and financial oversight.
The nonprofit boasts a fully independent board, which enhances its governance structure. Their fiscal management is solid, with a low liabilities-to-assets ratio of 12.12%, and a program expense ratio of 77%, indicating that the majority of their expenditures go towards their mission-related activities. This strong financial health is further supported by documented policies on conflict of interest, whistleblower protections, and proper document retention.
While the data highlights numerous strengths, the rating is calculated entirely from financial metrics, which means that other areas such as program effectiveness and community impact are not assessed in this score. Nonetheless, the organization's governance practices and financial integrity position it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Theaterworks Inc legitimate?
Theaterworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theaterworks 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: $107,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,204,591
For more financial information, click here
Official website here: www.twhartford.org
What is the mission statement of Theaterworks Inc?
Theaterworks Inc's mission is centered around producing high-quality, contemporary theater that resonates with its audience. This theater serves to engage a diverse community and offer insights into the human experience. The company's artistic quality and achievements are evident in its growth and accomplishments over time. Each season, Theaterworks Inc programs four productions to make up a subscription package, along with a holiday show. The company has a strong following, selling 2,400 subscriptions/memberships for the 22-23 season, with membership prices ranging from $175 to $250.
Official website here: www.twhartford.org
Who is the CEO of Theaterworks Inc?
Dina Plapler is the Artistic Dir of Theaterworks Inc.
Official website here: www.twhartford.org
What is the revenue of Theaterworks Inc?
Theaterworks Inc's revenue in 2023 was $2,435,889.
Official website here: www.twhartford.org
Who are the executives of Theaterworks Inc and what are their salaries?
The average compensation at Theaterworks Inc during 2023 was $12,736. There are 103 employees and 5 volunteers at Theaterworks Inc.
Here are 19 key members and their salaries:
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Official website here: www.twhartford.org
Where can I find the form 990 for Theaterworks Inc?
Theaterworks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.twhartford.org
Learn more at the official website: www.twhartford.org
Mission Statement of Theaterworks Inc
Theaterworks Inc, a renowned organization, is committed to producing high-quality, contemporary theater that resonates with its audience. Their mission is multifaceted, aiming to engage a diverse community and offer insights into the human experience. By producing relevant and thought-provoking plays, Theaterworks Inc strives to connect with its audience on a profound level. The company's artistic quality and achievements are evident in its growth and accomplishments over the years. For the 2022-2023 season, they programmed four productions to make up a subscription package, along with a holiday show. The company's commitment to diversity and relevance is reflected in its successful sale of 2,400 subscriptions/memberships, with prices ranging from $175 to $250.
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Impact
July, 2024
The impact of Theaterworks Inc is evident through its mission to produce high-quality, contemporary theater that is relevant to its audience, engages a diverse community, and provides insight into the human experience. By programming a season with four productions as part of a subscription package, including a holiday show, Theaterworks Inc successfully sold 2,400 subscriptions/memberships for the 22-23 season. This indicates a strong level of support and engagement from the community in Hartford, CT. The company's commitment to artistic quality and its record of achievement demonstrate its significant contribution to the arts scene and cultural enrichment in the region.
This information is meant to be a general summary of Theaterworks 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.
- Program Service Revenue: $1,095,044
- Gross Receipts: $2,435,889
Assets and Liabilities:
- Total Assets: $6,241,050
- Total Liabilities: $756,506
- Net Assets: $5,484,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$622,076
SUBSCRIPTION REVENUE
Revenue
$424,303
CONCESSIONS
Revenue
$48,665
Organization Details
Founding Year
1984
Phone
(860) 527-7838Principal Officer
Dina Plapler
Main Address
233 PEARL STREET, HARTFORD, CT, 061032109
Website
www.twhartford.orgNTEE Category
Code: A65Z - Arts
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