Overview
What is Alliance Of Resident Theatres New York Inc?
Alliance of Resident Theatres/New York (A.R.T./New York) is a service and advocacy organization primarily dedicated to supporting the artistic visions and audience servicing capacities of over 475 not-for-profit theatre groups in New York City and beyond. Established in 1972, A.R.T./New York is home to a diverse theatre community that is renowned for its artistic influence and cultural richness, spanning across New York State and the five boroughs of New York City. The organization offers various services to its members, including affordable office, studio, and performance space rentals, professional development workshops, roundtable discussions, field-wide convenings, equity, diversity, inclusion, and access initiatives, long-term arts consultancies, cash and in-kind grants, low-interest cash flow and real estate loans, research on the field, and advocacy. With a total of 53 employees, A.R.T./New York aims to empower New York City's nonprofit theatre groups to thrive and serve their audiences effectively.
Official website here: www.art-newyork.org
What are the reviews and ratings of this charity?
98% rating from Charity Navigator indicates that Alliance Of Resident Theatres New York Inc has achieved a Four-Star out of Four Star rating, reflecting a high level of accountability and financial health. This score is derived entirely from their robust performance in the Accountability & Finance category, demonstrating a commitment to transparency and responsible management of resources.
The organization's board structure is notably strong, with 90% of its members being independent, ensuring that decisions are made with integrity and without conflicts of interest. Furthermore, the presence of effective policies such as a whistleblower policy, conflict of interest policy, and audit oversight committee enhances its credibility and operational efficiency. The high program expense ratio of 82.52% indicates that the majority of its resources are directed toward fulfilling its mission.
Despite the positive ratings, the liabilities to assets ratio of 52.43% suggests that there could be potential financial risks if liabilities increase significantly in the future. However, overall, the organization demonstrates a strong operational framework and a commitment to transparency, making it a reliable option for donors seeking to support the arts in New York.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Of Resident Theatres New York Inc legitimate?
Alliance Of Resident Theatres New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance Of Resident Theatres New York 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: $119,538
Professional Fundraising Fees: $74,806
Other Salaries and Wages: $1,314,126
For more financial information, click here
Official website here: www.art-newyork.org
What is the mission statement of Alliance Of Resident Theatres New York Inc?
The Alliance of Resident Theatres New York Inc, established in 1972, is dedicated to aiding over 400 not-for-profit theatre groups in New York City. Their mission is to help these companies manage their operations effectively, allowing them to bring their artistic visions to life and cater to their diverse audiences. Over the years, A.R.T./New York has built a reputation as a pioneer in offering progressive services to its members, providing resources such as shared office and rehearsal spaces, as well as technical assistance programs for emerging theatres. The organization's four core programs – Funding, Training, Space, and Connections – make A.R.T./New York an expert in addressing the needs of the New York City nonprofit theatre community.
Official website here: www.art-newyork.org
Who is the CEO of Alliance Of Resident Theatres New York Inc?
Risa Shoup is the Executive Director of Alliance Of Resident Theatres New York Inc.
Official website here: www.art-newyork.org
What is the revenue of Alliance Of Resident Theatres New York Inc?
Alliance Of Resident Theatres New York Inc's revenue in 2022 was $9,007,132.
Official website here: www.art-newyork.org
Who are the executives of Alliance Of Resident Theatres New York Inc and what are their salaries?
The average compensation at Alliance Of Resident Theatres New York Inc during 2022 was $27,050. There are 53 employees and 21 volunteers at Alliance Of Resident Theatres New York Inc.
Here are 22 key members and their salaries:
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Official website here: www.art-newyork.org
Where can I find the form 990 for Alliance Of Resident Theatres New York Inc?
Alliance Of Resident Theatres New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.art-newyork.org
Learn more at the official website: www.art-newyork.org
Mission Statement of Alliance Of Resident Theatres New York Inc
Alliance of Resident Theatres New York Inc, established in 1972, is committed to aiding over 400 not-for-profit theatre groups in New York City. Their mission is to empower these organizations to manage their companies effectively, enabling them to actualize their artistic visions and cater to their diverse audiences with competence. Over the past five decades, A.R.T./New York has built a reputation as a pioneer in offering progressive services, catering to the unique needs of New York City's nonprofit theatre community.
The organization offers four core programs: Funding, Training, Space, and Connections. Through Funding, A.R.T./New York provides financial support to its member theatres, enabling them to sustain their operations and pursue their creative endeavors. The Training program offers workshops and courses, equipping emerging theatres with the necessary skills and resources to thrive in the competitive theatre industry. The Space program provides shared office and rehearsal spaces, ensuring that these organizations have the necessary infrastructure to operate efficiently. Lastly, the Connections program facilitates networking opportunities, fostering collaboration and cooperation among New York City's nonprofit theatre community.
In essence, Alliance of Resident Theatres New York Inc serves as a critical partner to New York City's not-for-profit theatre groups. By offering a comprehensive suite of services, the organization enables these organizations to focus on their artistic pursuits, ultimately enriching the theatre scene in New York City and beyond.
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Impact
August, 2024
The Alliance of Resident Theatres/New York (A.R.T./New York) plays a vital role in supporting and nurturing New York City's not-for-profit theatre community. Through its range of services, including providing affordable space, grants, loans, and professional development workshops, A.R.T./New York empowers over 400 member theatres to manage their companies effectively, realize their artistic visions, and serve diverse audiences. As a leader in the field, A.R.T./New York's initiatives promote equity, diversity, and inclusion, while also conducting research and advocating for the needs of the nonprofit theatre sector. Overall, A.R.T./New York's impact is felt throughout the city's culturally influential and artistically diverse theatre community.
This information is meant to be a general summary of Alliance Of Resident Theatres New York 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: $285,762
- Program Service Revenue: $1,771,627
- Gross Receipts: $10,689,736
Assets and Liabilities:
- Total Assets: $28,454,985
- Total Liabilities: $1,518,228
- Net Assets: $26,936,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,678,787
MEMBERSHIP DUES
Revenue
$91,040
FISCAL SPONSORSHIP FEES
Revenue
$1,800
Organization Details
Founding Year
1972
Phone
(212) 244-6667Principal Officer
Risa Shoup
Main Address
520 EIGHTH AVENUE STE 319, NEW YORK, NY, 10018
Website
www.art-newyork.orgNTEE Category
Code: A010 - Arts
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