Overview
What is The Broadway League Foundation Inc?
The Broadway League Foundation Inc is a nonprofit organization committed to uplifting and celebrating professional theatre. Their primary mission involves offering high school students an unforgettable experience by allowing them to compete, perform, and showcase their talents on a renowned Broadway stage through the National High School Musical Theater Awards, commonly known as "Jimmy's." Furthermore, the foundation strives to foster a greater understanding, appreciation, and admiration for theatrical arts among the public by actively promoting live theatre events.
Official website here: www.broadwayleague.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Broadway League Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization's score is primarily derived from its accountability metrics, which are exemplary, showcasing a commitment to transparency and good governance. The foundation has a majority of independent board members, ensuring that decision-making is free from conflicts of interest.
Financial performance indicators are positive, with a program expense ratio of 92.37%, indicating that a significant portion of its budget is directed towards its programs. Additionally, the organization has no reported material diversions of assets, which enhances its credibility. Various policies regarding conflict of interest, whistleblowing, and document retention are all accounted for and well implemented.
While the score is commendable, it is essential for stakeholders to continue monitoring the organization’s performance and impact over time. The reliance on a single beacon score for the overall rating does highlight that additional facets of effectiveness and impact could be assessed to provide a more holistic view of the foundation's operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Broadway League Foundation Inc legitimate?
The Broadway League Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Broadway League 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,882
For more financial information, click here
Official website here: www.broadwayleague.foundation
What is the mission statement of The Broadway League Foundation Inc?
The Broadway League Foundation's mission is centered around boosting and celebrating professional theatre. It accomplishes this by offering high school students a unique opportunity to participate in the National High School Musical Theater Awards, commonly known as "Jimmy's." Beyond this, the Foundation works to broaden the public's understanding, appreciation, and awareness of theatrical arts by actively advocating for live theatre.
Official website here: www.broadwayleague.foundation
Who is the CEO of The Broadway League Foundation Inc?
Cheri Phillips is the President of The Broadway League Foundation Inc.
Official website here: www.broadwayleague.foundation
What is the revenue of The Broadway League Foundation Inc?
The Broadway League Foundation Inc's revenue in 2022 was $1,319,768.
Official website here: www.broadwayleague.foundation
Who are the executives of The Broadway League Foundation Inc and what are their salaries?
There 2 volunteers at The Broadway League Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $508,541
- Other: $33,782
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $182,048
- Other: $23,905
Official website here: www.broadwayleague.foundation
Where can I find the form 990 for The Broadway League Foundation Inc?
The Broadway League Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadwayleague.foundation
Learn more at the official website: www.broadwayleague.foundation
Mission Statement of The Broadway League Foundation Inc
The Broadway League Foundation, a nonprofit organization, is committed to amplifying and celebrating professional theatre. It achieves this mission by offering high school students a unique opportunity to immerse themselves in the theatrical arts. Through the National High School Musical Theater Awards, colloquially known as "Jimmy's," the Foundation enables these students to perform on a Broadway stage, fostering a competitive and enriching environment.
Beyond nurturing young talent, The Broadway League Foundation also aims to cultivate interest and appreciation for theatrical arts among the general public. To accomplish this, the organization actively works to promote live theatre and broaden public knowledge about this captivating art form. By doing so, the Foundation plays a significant role in fostering a greater understanding and appreciation of the theatrical world.
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Impact
October, 2024
The Broadway League Foundation Inc significantly impacts the theatre landscape by fostering a new generation of performers and enhancing public appreciation for the arts. Through initiatives like the National High School Musical Theatre Awards, commonly known as the "Jimmy's," the Foundation provides high school students with invaluable opportunities to compete, perform, and showcase their talents on a prestigious Broadway stage. This unique experience not only nurtures young talent but also ignites a passion for the performing arts among students.
Moreover, the Foundation plays a vital role in raising public awareness and appreciation of live theatre. By promoting professional theatre, it encourages community engagement, enriches cultural experiences, and highlights the importance of the performing arts in society. Through its programs, The Broadway League Foundation Inc works to ensure that theatre remains a vibrant and essential part of the cultural fabric in New York and beyond.
This information is meant to be a general summary of The Broadway League 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: $539
- Program Service Revenue: $1,181,099
- Gross Receipts: $1,319,768
Assets and Liabilities:
- Total Assets: $883,478
- Total Liabilities: $116,246
- Net Assets: $767,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE AWARDS EVENT
Revenue
$1,181,099
Organization Details
Founding Year
1992
Phone
(212) 703-0214Principal Officer
Cheri Phillips
Main Address
729 SEVENTH AVENUE 5TH FL, NEW YORK, NY, 10019
NTEE Category
Code: A650 - Arts
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