Overview
What is Process Studio Theatre Inc?
Process Studio Theatre Inc, based in New York, NY, is a dedicated nonprofit organization with a mission to serve arts-deprived and underprivileged populations. For over three decades, they have been nurturing emerging talent through various classes, workshops, and tutorials, attracting esteemed professionals to mentor eager learners in various artistic disciplines such as set design, lighting, and acting. They conduct their programs not only at their theatre but also at various locations. Their initiatives include hosting staged readings of new plays, assisting students in finding teachers and accompanists for music lessons, and providing resources like costumes and props for productions. Additionally, they offer support and encouragement to new artists working on their projects. PST extends its reach to the most vulnerable communities in New York City, including children, the disabled, seniors, and those with debilitating or life-threatening illnesses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Process Studio Theatre Inc has earned a notable Four-Star rating from Charity Navigator, reflecting its strong focus on accountability and finance. The overall score is derived from a comprehensive evaluation of its financial management practices, indicating that the organization adheres to high standards of transparency and governance. This rating highlights the significance of effective stewardship of resources in nonprofit operations.
The organization excels in several key areas, including a fully independent board and a strong conflict of interest policy, which enhances its credibility and trustworthiness. With 80% of its board members being independent and a perfect score in maintaining a whistleblower policy, Process Studio Theatre demonstrates a commitment to ethical practices. Additionally, its low liabilities to assets ratio of 0.00% signifies a sound financial foundation.
While the organization showcases commendable fiscal responsibility with a program expense ratio of 71.84%, indicating that a large portion of its resources is directed towards its programs, the analysis does not highlight any significant challenges or areas for improvement. This strong financial standing suggests that Process Studio Theatre Inc is well-positioned to continue its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Process Studio Theatre Inc legitimate?
Process Studio Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Process Studio Theatre 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: $0
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What is the mission statement of Process Studio Theatre Inc?
Process Studio Theatre Inc's mission is centered around producing movies, readings, theatrical, and musical presentations, primarily aimed at underserved populations. The organization nurtures emerging talent through various classes, workshops, and intensive tutorials, attracting seasoned professionals to teach. For over three decades, PST has extended its reach into New York City's communities in dire need of support, including children, the disabled, seniors, and individuals with debilitating or life-threatening illnesses, offering them an avenue for artistic expression and advocacy.
Who is the CEO of Process Studio Theatre Inc?
Bonnie Loren Artistic is the Director of Process Studio Theatre Inc.
What is the revenue of Process Studio Theatre Inc?
Process Studio Theatre Inc's revenue in 2022 was $54,772.
Who are the executives of Process Studio Theatre Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Process Studio Theatre Inc?
Process Studio Theatre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Process Studio Theatre Inc
Process Studio Theatre Inc, a volunteer-driven organization, is dedicated to serving underserved populations in New York City. The primary mission of this nonprofit is to produce movies, readings, theatrical, and musical presentations, providing a platform for emerging talent. To nurture this emerging talent, Process Studio Theatre Inc offers a variety of classes, workshops, and intensive tutorials, attracting seasoned professionals to teach these skills, ranging from set design and lighting to acting and vocal coaching.
For over three decades, Process Studio Theatre Inc has been reaching out to communities in greatest need of support, including children, the disabled, seniors, and those battling debilitating or life-threatening illnesses. This organization serves as an advocate and a source of solace, offering arts as a means of healing and empowerment. By providing these opportunities, Process Studio Theatre Inc is not just producing entertainment but also fostering growth, resilience, and a sense of community among its participants.
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Impact
August, 2024
Process Studio Theatre Inc's impact lies in its dedicated commitment to producing movies, readings, theatrical and musical presentations primarily for arts-starved and underserved populations. With a mission to showcase emerging talent nurtured through classes, workshops, and intensive tutorials, this volunteer organization has been a pillar of support in NYC communities for over 38 years. By reaching out to children, the disabled, seniors, and individuals facing debilitating or life-threatening illnesses, Process Studio Theatre Inc amplifies voices that are often marginalized, providing a platform for artistic expression and cultural enrichment. Through a variety of programs, workshops, and collaborations, the theatre fosters creativity, nurtures talent, and advocates for those in need of support, making a meaningful difference in the lives of many.
This information is meant to be a general summary of Process Studio Theatre 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: $43,392
- Gross Receipts: $54,772
Assets and Liabilities:
- Total Assets: $868,437
- Total Liabilities: $0
- Net Assets: $868,437
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Organization Details
Phone
(212) 868-1040Principal Officer
Bonnie Loren Artistic
Main Address
484 West 43rd Street 40Q, New York, NY, 10036
NTEE Category
Code: A65 - Arts
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