Overview
What is Universityresident Theatre Association?
The Universityresident Theatre Association, based in New York, NY 10036, serves as an association that supports schools and theatres in hiring artists. This nonprofit organization, comprising 192 employees, aims to foster the careers of young artists within the professional theatre sector. It represents a union of professional training programs and producing companies, facilitating the development of promising talents in the field. Their primary mission is to bridge the gap between educational institutions and the professional theatre industry, thereby providing opportunities that might not be accessible otherwise.
Official website here: www.urta.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Universityresident Theatre Association has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The organization excels in several areas, including maintaining a fully independent board and robust financial oversight mechanisms. Their program expense ratio of 92.20% indicates that they allocate a significant portion of their budget directly to programs, showcasing their commitment to fulfilling their mission.
Additionally, the association has comprehensive policies in place, such as conflict of interest and whistleblower policies, which contribute to their transparency and ethical governance. Their financial statements are rigorously audited, and they have shown no material diversion of assets, highlighting their integrity in managing funds. However, the absence of a documented retention and destruction policy could be viewed as a minor oversight.
Overall, the Universityresident Theatre Association displays strong governance and a commitment to its programs, though addressing the documentation issue would further enhance their operational framework. This organization stands out as a reliable option for donors looking to support the arts and theater community.
This AI summary has been generated from information found on Charity Navigator.
Is Universityresident Theatre Association legitimate?
Universityresident Theatre Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Universityresident Theatre Association 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: $109,128
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,143,894
For more financial information, click here
Official website here: www.urta.com
What is the mission statement of Universityresident Theatre Association?
The Universityresident Theatre Association serves as a alliance, representing both professional training programs and producing companies. Its primary objective is to foster the development of young artists, preparing them for successful careers in the professional theatre sector. To accomplish this, the association offers assistance to schools and theatres when they may not be able to hire artists independently, through its Contract Management Program. The association's mission is thus centered around nurturing talent and bridging the gap between education and professional opportunities in the theatre industry.
Official website here: www.urta.com
Who is the CEO of Universityresident Theatre Association?
Tony Hagopian is the President of Universityresident Theatre Association.
Official website here: www.urta.com
What is the revenue of Universityresident Theatre Association?
Universityresident Theatre Association's revenue in 2022 was $3,281,389.
Official website here: www.urta.com
Who are the executives of Universityresident Theatre Association and what are their salaries?
The average compensation at Universityresident Theatre Association during 2022 was $6,526. There are 192 employees and 11 volunteers at Universityresident Theatre Association.
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- Compensation: $94,889
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- Other: $12,439
Official website here: www.urta.com
Where can I find the form 990 for Universityresident Theatre Association?
Universityresident Theatre Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.urta.com
Learn more at the official website: www.urta.com
Mission Statement of Universityresident Theatre Association
The Universityresident Theatre Association, often abbreviated as URTA, serves as an alliance of professional training programs and producing companies. Its primary mission is to foster the development of young artists, preparing them for careers in the professional theatre industry. By representing these institutions, URTA aims to bridge the gap between education and employment in the field of theatre, ensuring that aspiring artists receive the necessary support and opportunities to thrive in their chosen careers.
To accomplish this mission, URTA has implemented a Contract Management Program. This program assists schools and theatres when they may not otherwise be able to hire artists due to financial constraints. By facilitating these arrangements, URTA plays a crucial role in connecting talented individuals with opportunities in the theatre world, thereby promoting the growth and vitality of the industry as a whole.
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Impact
August, 2024
The Universityresident Theatre Association plays a significant role in developing young artists for careers in the professional theatre industry. Through their alliance of professional training programs and producing companies, they provide a platform for aspiring artists to hone their skills and gain exposure to the industry. Additionally, their contract management program assists schools and theatres in hiring artists, facilitating opportunities that might not have been possible otherwise. Based in New York, the Universityresident Theatre Association is making a tangible impact on the arts community by nurturing the next generation of talent and supporting the growth of the theatre industry.
This information is meant to be a general summary of Universityresident Theatre Association. 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: $11,037
- Program Service Revenue: $3,205,346
- Gross Receipts: $3,281,389
Assets and Liabilities:
- Total Assets: $1,365,191
- Total Liabilities: $370,515
- Net Assets: $994,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT MGMT PROGRAM
Revenue
$2,903,171
MEMBERSHIP DUES
Revenue
$152,900
AUDITION FEES
Revenue
$115,977
CO-OP ADS & OTHER
Revenue
$30,551
OTHER RELATED INCOME
Revenue
$2,747
Organization Details
Founding Year
1969
Phone
(212) 221-1130Principal Officer
Tony Hagopian
Main Address
1560 BROADWAY 1103, NEW YORK, NY, 10036
Website
www.urta.comNTEE Category
Code: A030 - Arts
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