Overview
What is Apollo Theater Foundation Inc?
The Apollo Theater Foundation Inc, based in New York City, is a dynamic nonprofit organization with a workforce of 550 employees. In FY22, they presented programs both in-person and virtually, expanding their reach to a global audience of 1.6 million through over 60 new digital programs. This innovative platform allows the organization to engage audiences and future generations with the theme of the season being "The Renaissance is Now!" The Apollo Theater functions as a commissioner and presenter, fostering new artists, audiences, and creative workforces. They are a partner in projecting the African American narrative and its role in the development of American and global culture. Their vision encompasses a new American canon centered on contributions to the performing arts by artists of the African diaspora. Throughout the year, they collaborate with master artists, such as Ta-Nehisi Coates and Ebony Noelle Golden, and community partners, like WNYC and Abdel Salaam's Forces of Nature Dance Theatre, to showcase a diverse array of talent. Notable accomplishments include the presentation of "The Gathering: A Sonic Collective Ring Shout" and hosting events like Jamie Foxx's book tour and the NY Comedy Festival's "Smart Funny and Black Live!"
Official website here: www.apollotheater.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Apollo Theater Foundation Inc has achieved a 97% rating from Charity Navigator, signifying a strong commitment to accountability and financial health. This high score reflects the organization's effective governance, with 100% of its board members being independent and a notably large board size of 22 members. The foundation has implemented thorough financial oversight practices, evidenced by perfect scores in areas like audit committees and material asset diversions.
In terms of financial performance, the Apollo Theater Foundation demonstrates impressive metrics, with a program expense ratio of nearly 72%, indicating that a significant portion of its budget is directed toward program services. Its fundraising efficiency ratio is also commendable, showcasing effective use of funds raised for operational costs. Moreover, the organization maintains a healthy working capital ratio, ensuring long-term sustainability and the ability to adapt to financial challenges.
Despite the overwhelmingly positive ratings, it is always beneficial for such organizations to continuously evaluate and enhance their operational strategies to maintain their high standards. Overall, the Apollo Theater Foundation appears to be well-managed, with transparent policies and a clear focus on its mission within the arts community.
This AI summary has been generated from information found on Charity Navigator.
Is Apollo Theater Foundation Inc legitimate?
Apollo Theater Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apollo Theater Foundation 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: $948,014
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,389,630
For more financial information, click here
Official website here: www.apollotheater.org
What is the mission statement of Apollo Theater Foundation Inc?
The Apollo Theater Foundation Inc serves as a commissioner and presenter, fostering new artists, audiences, and creative workforces. It is a catalyst for the African American narrative and its influence on the development of American and global culture. The organization envisions a new American artistic canon, centering on contributions to performing arts by artists of the African diaspora, both in America and beyond. The Apollo Theater Foundation Inc partners in the promotion and projection of this narrative.
Official website here: www.apollotheater.org
Who is the CEO of Apollo Theater Foundation Inc?
Jonelle Procope is the Chairman of Apollo Theater Foundation Inc. The CEO's salary of Apollo Theater Foundation Inc is $320,542 and their total compensation is $348,114.
Official website here: www.apollotheater.org
What is the revenue of Apollo Theater Foundation Inc?
Apollo Theater Foundation Inc's revenue in 2022 was $21,417,691.
Official website here: www.apollotheater.org
Who are the executives of Apollo Theater Foundation Inc and what are their salaries?
The average compensation at Apollo Theater Foundation Inc during 2022 was $16,978. There are 550 employees and 24 volunteers at Apollo Theater Foundation Inc.
Here are 30 key members and their salaries (Apollo Theater Foundation Inc's CEO's salary is $320,542 and their total compensation is $348,114):
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- Compensation: $320,542
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- Compensation: $151,846
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- Other: $19,649
Official website here: www.apollotheater.org
Where can I find the form 990 for Apollo Theater Foundation Inc?
Apollo Theater Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.apollotheater.org
Learn more at the official website: www.apollotheater.org
Mission Statement of Apollo Theater Foundation Inc
The Apollo Theater Foundation Inc, a pioneering organization, is dedicated to commissioning, presenting, and catalyzing new artists, audiences, and creative workforces. It serves as a partner in projecting the African American narrative and its influence on the development of American and global culture. The Foundation envisions a new American canon, focusing on the significant contributions to the performing arts by artists of the African Diaspora, both in America and beyond.
The Apollo Theater Foundation Inc plays a pivotal role in fostering new talent and engaging diverse audiences. It propels artists to the forefront of the performing arts scene, allowing their voices and stories to be heard. The organization's mission extends beyond its immediate sphere, reaching out to global audiences and promoting cross-cultural dialogue through its programming. By championing the works of artists from the African Diaspora, the Apollo Theater Foundation Inc strives to enrich the cultural landscape and expand the scope of artistic expression.
In essence, the Apollo Theater Foundation Inc is more than just a presenter; it is a catalyst for change, a platform for innovation, and a beacon of diversity in the performing arts world. It stands at the intersection of art, culture, and social impact, using its influence to challenge the status quo and advance the narrative of underrepresented voices.
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Impact
October, 2024
The Apollo Theater Foundation Inc serves as a pivotal platform for artists, audiences, and cultural narratives, significantly impacting both the local and global arts landscape. By presenting and commissioning new works, the Apollo acts as a catalyst for emerging talent, fostering a creative workforce that contributes to the richness of the performing arts.
In the fiscal year 2022, the Apollo extended its reach to a global audience of 1.6 million through over 60 innovative digital programs, creating an evergreen platform that allows for sustained engagement with its diverse audience. This initiative reflects a commitment to accessibility and inclusivity, allowing people worldwide to partake in the transformative power of the arts.
Thematic programming, such as "The Renaissance Is Now!" celebrates and honors the profound legacy of the Harlem Renaissance while juxtaposing it with contemporary contributions. Collaborations with esteemed artists and community partners enhance the theater's role as a hub for cultural exchange and dialogue.
Highlighted events, including the "Gathering: A Sonic Collective Ring Shout" and Jamie Foxx's book tour, demonstrate the theater's ability to host a variety of artistic expressions that resonate deeply with audiences. The Apollo’s commitment to the African American narrative underscores its vital role in the evolution of American culture, positioning it as a beacon for the artistic contributions of the African diaspora and shaping the future of the performing arts. Through its efforts, the Apollo Theater remains a cornerstone of cultural significance, bridging history with the present and inspiring future generations.
This information is meant to be a general summary of Apollo Theater Foundation 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: $8,410
- Program Service Revenue: $4,507,683
- Gross Receipts: $22,542,660
Assets and Liabilities:
- Total Assets: $74,776,228
- Total Liabilities: $3,629,120
- Net Assets: $71,147,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENTAL
Revenue
$3,506,341
ADMISSIONS
Revenue
$798,592
LICENSING FEES
Revenue
$202,750
Organization Details
Founding Year
1991
Phone
(212) 531-5300Principal Officer
Jonelle Procope
Main Address
253 WEST 125TH STREET, NEW YORK, NY, 10027
Website
www.apollotheater.orgNTEE Category
Code: A600 - Arts
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