Overview
What is The Cherry Lane Alternative Inc?
The Cherry Lane Alternative Inc is a nonprofit organization dedicated to fostering the creation, development, and presentation of theatre and performing arts to the general public. Their primary mission involves engaging in various activities and programs aimed at stimulating artistic growth in this field. By doing so, they contribute to the enrichment of the community and provide a platform for local talent to showcase their skills.
Official website here: www.cherrylanetheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Cherry Lane Alternative Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The rating indicates that the charity is well-managed, with a significant focus on transparency and responsible financial practices. The organization has a perfect score for its independent board members and has established comprehensive policies regarding conflicts of interest, whistleblower procedures, and document retention.
A notable strength of the charity is its high program expense ratio of 95.07%, signifying that the majority of its funds are directed towards its programs rather than administrative costs. This commitment to maximizing program impact is likely to resonate well with donors looking for effective use of their contributions. Additionally, the charity maintains a low liabilities-to-assets ratio of 0.64%, highlighting its financial stability.
However, there are a couple of areas where The Cherry Lane Alternative Inc could improve, such as posting board meeting minutes and making the tax form available on its website. Addressing these points would enhance transparency and accountability further, thereby fostering greater trust with stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Cherry Lane Alternative Inc legitimate?
The Cherry Lane Alternative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cherry Lane Alternative 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
For more financial information, click here
Official website here: www.cherrylanetheatre.org
What is the mission statement of The Cherry Lane Alternative Inc?
The Cherry Lane Alternative Inc's mission involves promoting and fostering the creation, development, and production of theatre and performing arts for the general public. Their activities are geared towards encouraging artistic growth in this field, ultimately serving to entertain and engage the public.
Official website here: www.cherrylanetheatre.org
What is the revenue of The Cherry Lane Alternative Inc?
The Cherry Lane Alternative Inc's revenue in 2023 was $170,785.
Official website here: www.cherrylanetheatre.org
Who are the executives of The Cherry Lane Alternative Inc and what are their salaries?
There are 6 employees at The Cherry Lane Alternative Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cherrylanetheatre.org
Where can I find the form 990 for The Cherry Lane Alternative Inc?
The Cherry Lane Alternative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cherrylanetheatre.org
Learn more at the official website: www.cherrylanetheatre.org
Mission Statement of The Cherry Lane Alternative Inc
The Cherry Lane Alternative Inc, as a nonprofit organization, is dedicated to fostering the creation, development, and production of theatre and performing arts for the public. Its mission is to encourage and support artists and performers in bringing their creative ideas to life, providing a platform for the public to engage with and appreciate these artistic endeavors. By conducting various activities and programs, The Cherry Lane Alternative Inc aims to promote the growth and appreciation of theatre and the performing arts within the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Cherry Lane Alternative Inc significantly enhances the cultural landscape by fostering the creation, development, and production of theatre and the performing arts in New York. Its impactful activities and programs not only support artists in their creative endeavors but also engage the public, enriching the community’s appreciation for the performing arts. By providing a platform for diverse theatrical expressions, it helps cultivate talent and promote innovative storytelling, making arts more accessible and vibrant for everyone in the community. The organization plays a vital role in sustaining the arts, ensuring that they continue to thrive as a critical aspect of cultural identity and expression.
This information is meant to be a general summary of The Cherry Lane Alternative 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.
- Investment Income: $11,073
- Program Service Revenue: $149,792
- Gross Receipts: $170,785
Assets and Liabilities:
- Total Assets: $786,077
- Total Liabilities: $53,853
- Net Assets: $732,224
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$149,792
Organization Details
Founding Year
1997
Principal Officer
Angelina Fiordellisi
Website
www.cherrylanetheatre.orgNTEE Category
Code: A650 - Arts
If you are a representative of The Cherry Lane Alternative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.