Overview
What is Theatre Hall Of Fame Inc?
Theatre Hall of Fame Inc is a distinguished nonprofit organization located at 353 West 56th Street, Room/Suite 3C, New York, NY 10019. Their primary mission is to celebrate and honor notable figures in the theatrical industry by inducting them into their Hall of Fame. This prestigious recognition is achieved through an award ceremony, as detailed in the event titled "THEATRE HALL OF FAME GALA INDUCTION & HONOREE DINNER." The organization's role in the theatrical community serves to celebrate and preserve the rich history and achievements of the industry's most influential personalities.
Official website here: www.theatrehalloffame.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64%)
The Theatre Hall Of Fame Inc. has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization boasts a fully independent board with no material diversion of assets, it faces significant deficiencies in its policies, including a lack of conflict of interest and whistleblower policies, which are crucial for transparency and governance.
Financially, the organization shows a strong program expense ratio at 78.56%, suggesting that a majority of its funds are directed toward its mission-related activities. However, the liabilities to assets ratio of 4129.85% raises concerns about the financial health of the organization, indicating potential issues in managing its debts relative to its assets.
Overall, while there are notable strengths in board independence and program spending, the absence of critical governance policies and the alarming liabilities ratio highlight areas that the Theatre Hall Of Fame Inc. needs to address to improve its overall stability and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Theatre Hall Of Fame Inc legitimate?
Theatre Hall Of Fame Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theatre Hall Of Fame 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.
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Official website here: www.theatrehalloffame.org
What is the mission statement of Theatre Hall Of Fame Inc?
The Theatre Hall of Fame Inc's mission revolves around honoring distinguished individuals in the theatrical field. Through an award ceremony, they recognize these notables, who have significantly contributed to the world of theater, and induct them into their prestigious hall of fame. This event, known as the Theatre Hall of Fame Gala Induction & Honoree Dinner, is sponsored by the organization itself. The mission of Theatre Hall of Fame Inc is to celebrate and pay tribute to these theatrical luminaries, thereby preserving and promoting the rich heritage of the theater industry.
Official website here: www.theatrehalloffame.org
What is the revenue of Theatre Hall Of Fame Inc?
Theatre Hall Of Fame Inc's revenue in 2023 was $69,900.
Official website here: www.theatrehalloffame.org
Who are the executives of Theatre Hall Of Fame Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.theatrehalloffame.org
Where can I find the form 990 for Theatre Hall Of Fame Inc?
Theatre Hall Of Fame Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theatrehalloffame.org
Learn more at the official website: www.theatrehalloffame.org
Mission Statement of Theatre Hall Of Fame Inc
Theatre Hall of Fame Inc is an organization dedicated to honoring outstanding individuals in the theatrical field. Their primary mission is to host an award ceremony, celebrating notable figures who have been selected for induction into their Hall of Fame. This event, known as the Theatre Hall of Fame Gala Induction & Honoree Dinner, serves as a platform to recognize and celebrate the contributions of these distinguished thespians. Through this ceremony, Theatre Hall of Fame Inc pays tribute to the legends who have shaped the world of theatre, preserving their legacy for future generations.
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Impact
August, 2024
The impact of the Theatre Hall of Fame Inc stems from its recognition and celebration of theatrical luminaries through its prestigious award ceremony. This annual gala induction and honoree dinner serves as a platform to honor the significant contributions of individuals within the theater industry. By highlighting the achievements of these theatrical notables, the Theatre Hall of Fame Inc helps to preserve the rich history and legacy of theater while inspiring future generations. Through its activities, the organization plays a vital role in acknowledging excellence in the arts and fostering a sense of community within the theatrical world.
This information is meant to be a general summary of Theatre Hall Of Fame 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.
- Program Service Revenue: $59,900
- Gross Receipts: $69,900
Assets and Liabilities:
- Total Assets: $288
- Total Liabilities: $11,894
- Net Assets: -$11,606
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL AWARD GALA
Revenue
$35,400
SPRING LUNCHEON
Revenue
$24,500
Organization Details
Founding Year
1971
Principal Officer
Estelle Parsons
Website
www.theatrehalloffame.orgNTEE Category
Code: A50 - Arts
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