Overview
What is Klein Memorial Auditorium Foundationinc?
Klein Memorial Auditorium Foundationinc is a nonprofit organization situated in Bridgeport, Connecticut, specifically at 910 Fairfield Avenue. The primary goal of this organization is to contribute to the cultural, educational, and social well-being of the Bridgeport community through various programming and events presented at the Klein Memorial Auditorium. With a dedicated team of 42 employees, the foundation aims to enrich local lives by promoting a wide range of activities that cater to diverse interests and needs.
Official website here: www.theklein.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
The Klein Memorial Auditorium Foundation Inc. has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong performance in both accountability and finance as well as culture and community. With an impressive 83% in financial accountability, the organization demonstrates responsible management of funds, highlighted by a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of their budget is directed toward their mission.
The foundation also excels in governance, with 93% of its board members being independent, which is a positive indicator of its commitment to effective oversight. However, there are areas for improvement, particularly in its governance policies, as the absence of a whistleblower policy and a document retention and destruction policy were noted. These omissions may impact the organization's overall transparency and operational security.
In terms of community engagement, the foundation has received full marks for gathering and utilizing constituent feedback, showcasing its responsiveness to the community it serves. While the equity strategies score is strong, there are gaps in equity data collection and policy implementations that the organization may want to address for a more comprehensive approach to equity. Overall, Klein Memorial Auditorium Foundation Inc. shows promise and potential, though attention to governance policies could enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Klein Memorial Auditorium Foundationinc legitimate?
Klein Memorial Auditorium Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Klein Memorial Auditorium Foundationinc 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: $130,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,744
For more financial information, click here
Official website here: www.theklein.org
What is the mission statement of Klein Memorial Auditorium Foundationinc?
The Klein Memorial Auditorium Foundation's mission is centered around operating the auditorium to enhance the cultural, educational, and social life of a community. By presenting various programming and events, they aim to enrich this community's experiences, fostering a more enlightened and connected society. The foundation's activities are geared towards providing diverse opportunities that stimulate intellectual growth, social interaction, and cultural appreciation.
Official website here: www.theklein.org
Who is the CEO of Klein Memorial Auditorium Foundationinc?
Thomas Errichetti is the Vice-Chair of Klein Memorial Auditorium Foundationinc.
Official website here: www.theklein.org
What is the revenue of Klein Memorial Auditorium Foundationinc?
Klein Memorial Auditorium Foundationinc's revenue in 2023 was $1,211,699.
Official website here: www.theklein.org
Who are the executives of Klein Memorial Auditorium Foundationinc and what are their salaries?
The average compensation at Klein Memorial Auditorium Foundationinc during 2023 was $10,227. There are 42 employees and 46 volunteers at Klein Memorial Auditorium Foundationinc.
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- Compensation: $90,000
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Official website here: www.theklein.org
Where can I find the form 990 for Klein Memorial Auditorium Foundationinc?
Klein Memorial Auditorium Foundationinc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theklein.org
Learn more at the official website: www.theklein.org
Mission Statement of Klein Memorial Auditorium Foundationinc
The Klein Memorial Auditorium Foundationinc's mission is centered around enriching the cultural, educational, and social life of a community. Specifically, their objective is to operate the Klein Memorial Auditorium, serving as a platform that enhances the cultural, educational, and social experiences for individuals in an unspecified locale. Through various programming and events, the foundation aims to contribute positively to the overall well-being and development of the community.
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Impact
July, 2024
Klein Memorial Auditorium Foundationinc has a significant impact on enhancing the cultural, educational, and social life of the Bridgeport, Connecticut community. Through its operation of the Klein Memorial Auditorium, the foundation provides a platform for a diverse range of programming and events that contribute to the enrichment of the local community. This impact is evident in the various cultural, educational, and social initiatives that the foundation supports, making it a crucial element of philanthropic efforts in Bridgeport.
This information is meant to be a general summary of Klein Memorial Auditorium Foundationinc. 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: $12,012
- Program Service Revenue: $611,551
- Gross Receipts: $1,309,332
Assets and Liabilities:
- Total Assets: $2,577,731
- Total Liabilities: $186,507
- Net Assets: $2,391,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FACILITY SERVIC
Revenue
$408,555
CONCESSION REVENUE
Revenue
$87,731
BOX OFFICE
Revenue
$70,119
KLEIN PARKING REVENUE
Revenue
$45,146
Organization Details
Founding Year
1997
Phone
(800) 424-0160Principal Officer
Thomas Errichetti
Main Address
910 FAIRFIELD AVENUE, BRIDGEPORT, CT, 06605
Website
www.theklein.orgNTEE Category
Code: T70Z - Philanthropy
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