Overview
What is Theatre Three Productions Inc?
Theatre Three Productions Inc, located at 412 Main Street PO Box 512, Port Jefferson, NY 11777, is a nonprofit organization dedicated to offering live theatrical productions. They cater to a wide audience, presenting shows both in-house and through school tours. With a team of 13 dedicated individuals, their mission is to engage and entertain the community, particularly children, through captivating performances. The organization's activities include hosting mainstage productions and organizing school tours, as well as offering workshops for further engagement and learning.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Theatre Three Productions Inc has been rated with a two-star rating by Charity Navigator, reflecting a score of 68%. This rating indicates that while the organization demonstrates some strengths in financial oversight, including a perfect score for its audit and oversight committee, there are significant concerns regarding its board's independence and its overall financial health, as evidenced by a liabilities to assets ratio of 189.00%.
The organization has implemented several positive policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which scored well. Additionally, Theatre Three Productions allocates a commendable 81.99% of its expenses to program services, which suggests a strong focus on fulfilling its mission. However, the lack of independent board members raises questions about governance and accountability.
Overall, Theatre Three Productions Inc has areas of strength, particularly in program spending and policy implementation. Nevertheless, the lack of independent oversight and high liability levels are critical issues that need to be addressed to improve its operational integrity and financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Theatre Three Productions Inc legitimate?
Theatre Three Productions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theatre Three Productions 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: $470,556
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What is the mission statement of Theatre Three Productions Inc?
Theatre Three Productions Inc is dedicated to presenting live theatrical productions, both on their mainstage and through school tours. Their mission is to bring these productions to a wide audience, including schools, fostering a love for theatre and the arts. They offer a variety of productions, including children's theatre and regular mainstage shows, as well as educational workshops and school tours. This non-profit organization aims to make live theatre accessible and engaging for all, promoting cultural awareness and appreciation through the medium of performance.
Who is the CEO of Theatre Three Productions Inc?
Andy Markowitz is the Treasurer of Theatre Three Productions Inc.
What is the revenue of Theatre Three Productions Inc?
Theatre Three Productions Inc's revenue in 2022 was $1,459,427.
Who are the executives of Theatre Three Productions Inc and what are their salaries?
The average compensation at Theatre Three Productions Inc during 2022 was $36,197. There are 13 employees and 54 volunteers at Theatre Three Productions Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Theatre Three Productions Inc?
Theatre Three Productions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Theatre Three Productions Inc
Theatre Three Productions Inc, a nonprofit organization, is committed to presenting live theatrical productions in two distinct ways. Firstly, they showcase these productions within their own premises, offering a wide array of performances to the public. Secondly, they extend their reach through school tours, bringing the magic of live theater to various educational institutions. By doing so, Theatre Three Productions Inc aims to inspire and engage audiences of all ages, fostering a love for the performing arts. Their mainstage productions, children's theater, school tours, and workshops provide diverse entertainment options, catering to diverse tastes and interests.
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Impact
July, 2024
Theatre Three Productions Inc's impact is evident in its commitment to presenting live theatrical productions both in-house and through school tours. By offering mainstage productions, children's theatre, school tours, and workshops, the organization enriches the cultural landscape of Port Jefferson, NY, and beyond. Through its dedication to the arts, Theatre Three Productions Inc provides entertainment, education, and artistic inspiration to audiences of all ages.
This information is meant to be a general summary of Theatre Three Productions 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: $241
- Program Service Revenue: $871,916
- Gross Receipts: $1,459,427
Assets and Liabilities:
- Total Assets: $778,918
- Total Liabilities: $735,161
- Net Assets: $43,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION FEES
Revenue
$768,716
WORKSHOP FEES
Revenue
$103,200
Organization Details
Founding Year
1970
Phone
(631) 928-9202Principal Officer
Andy Markowitz
Main Address
412 MAIN STREET PO BOX 512, PORT JEFFERSON, NY, 11777
NTEE Category
Code: A65Z - Arts
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