Overview
What is The New Way Circus Center Inc?
The New Way Circus Center Inc, operating under the name Arts on Stage NY, is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to provide curriculum-based theater field trips for students in New York City, aiming to enhance academic skills through live performances. This initiative is inclusive, disregarding socio-economic, geographic, and intellectual barriers. Last year, the organization extended 0 worth of free performance show tickets to underprivileged and minority children residing in NYC. Regrettably, due to COVID-19 restrictions, their theaters remain closed to most NYC students, as per local government officials. The nonprofit is led by a team of 5 dedicated individuals.
Official website here: www.artsonstage.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 36%, Zero-Star out of Four Star rating.
The New Way Circus Center Inc has received a low rating of 36% from Charity Navigator, which translates to a Zero-Star rating. This score is heavily influenced by its performance in the Accountability & Finance category, where it shows significant weaknesses. While the organization has strengths such as a majority independent board and no material diversion of assets, it has serious gaps, particularly in its policies and financial ratios.
One major concern is the absence of essential governance policies, including a conflict of interest policy and a whistleblower policy, both of which are critical for maintaining transparency and accountability. Additionally, the organization reports a troubling liabilities-to-assets ratio of 386.48%, indicating potential financial instability. The program expense ratio is also concerning at only 41.01%, suggesting that a low percentage of its expenditures are directed toward its programs.
In summary, while The New Way Circus Center Inc demonstrates some positive governance practices, the overall financial health and lack of critical policies raise significant concerns. Prospective donors and supporters may wish to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The New Way Circus Center Inc legitimate?
The New Way Circus Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Way Circus Center 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: $244,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,437
For more financial information, click here
Official website here: www.artsonstage.com
What is the mission statement of The New Way Circus Center Inc?
The New Way Circus Center Inc's mission is centered around providing curriculum-based theater field trips for students in New York City, aiming to enhance their academic skills through live performances. This initiative is open to students regardless of their socio-economic background, geographic location, or intellectual abilities. The organization's mission is to break down any barriers that might hinder these learning experiences. Last year, they donated worth of free performance show tickets to underprivileged and minority children living in the city. However, due to COVID-19, all their theaters have been closed to most NYC students as per the guidelines set by NYS and NYC officials.
Official website here: www.artsonstage.com
What is the revenue of The New Way Circus Center Inc?
The New Way Circus Center Inc's revenue in 2023 was $380,251.
Official website here: www.artsonstage.com
Who are the executives of The New Way Circus Center Inc and what are their salaries?
The average compensation at The New Way Circus Center Inc during 2023 was $53,459. There are 5 employees at The New Way Circus Center Inc.
Here are 7 key members and their salaries:
- Compensation: $146,900
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.artsonstage.com
Where can I find the form 990 for The New Way Circus Center Inc?
The New Way Circus Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.artsonstage.com
Learn more at the official website: www.artsonstage.com
Mission Statement of The New Way Circus Center Inc
The New Way Circus Center Inc is committed to enhancing the academic skills of New York City students through curriculum-based theater field trips. Regardless of socio-economic, geographic, or intellectual barriers, this nonprofit organization provides live performances to engage and educate students. Last year, The New Way Circus Center Inc extended its reach by donating performance show tickets worth nothing to underprivileged and minority children residing in New York City. Unfortunately, due to COVID-19, all theaters associated with this organization are currently closed to most New York City students, as per the guidelines issued by both NYS and NYC officials.
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Impact
July, 2024
The New Way Circus Center Inc's impact lies in providing curriculum-based theater field trips for NYC students. By offering live performances to students, regardless of socio-economic, geographic, or intellectual barriers, the organization helps improve academic skills and enriches the educational experience for young individuals. Last year, the organization donated $10,000 worth of free performance show tickets to underprivileged and minority children residing in NYC. However, due to COVID-19 restrictions, all theaters remain closed to most NYC students as mandated by state and city officials.
This information is meant to be a general summary of The New Way Circus Center 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: $126
- Program Service Revenue: $380,125
- Gross Receipts: $380,251
Assets and Liabilities:
- Total Assets: $328,882
- Total Liabilities: $593,875
- Net Assets: -$264,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$380,125
Organization Details
Founding Year
1995
Principal Officer
Regina Berenchtein
Website
www.artsonstage.comNTEE Category
Code: N99P - Recreation
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