Overview
What is Vital Theatre Company Inc?
Vital Theatre Company Inc, situated in New York City, New York, is a nonprofit organization with a mission to foster creative impulses in theatre artists. They specialize in producing full-length and short plays, as well as developing new work. Their primary focus is on offering affordable, high-quality productions tailored for young people. Beyond entertainment, they also provide comprehensive arts and education programs. With a team of 33 dedicated individuals, Vital Theatre Company Inc serves as a nurturing environment for theatre artists, contributing to the rich cultural landscape of New York City.
Official website here: www.vitaltheatre.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (61%)
Vital Theatre Company Inc received a two-star rating, indicating several areas needing attention. The organization demonstrates strong governance features, such as having a fully independent board and no material diversion of assets. However, the absence of key policies, including conflict of interest and whistleblower policies, significantly impacts its overall accountability and finance score.
The organization excels in program expenses, with a program expense ratio of 74.62%, indicating that a substantial portion of its budget is allocated directly to its programs. Nonetheless, it has critical weaknesses in financial reporting, including a lack of a posted tax form on its website and a concerning liabilities to assets ratio, which may raise red flags for potential donors about its financial stability.
Overall, while Vital Theatre Company Inc shows dedication toward its mission through program spending, the significant gaps in policy and financial transparency highlight a need for improvement in governance practices. Potential supporters should consider these factors when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Vital Theatre Company Inc legitimate?
Vital Theatre Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vital Theatre Company 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: $33,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,759
For more financial information, click here
Official website here: www.vitaltheatre.org/
What is the mission statement of Vital Theatre Company Inc?
The Vital Theatre Company Inc serves as a nurturing environment for theatre artists' creative impulses. Its primary mission is to produce a variety of plays, both full-length and short, as well as develop new works. Additionally, they offer affordable, high-quality productions tailored for young audiences. Furthermore, the company is committed to providing arts and education programs, contributing to the overall growth and development of the theatre community.
Official website here: www.vitaltheatre.org/
Who is the CEO of Vital Theatre Company Inc?
Stephen Sunderlin is the President of Vital Theatre Company Inc.
Official website here: www.vitaltheatre.org/
What is the revenue of Vital Theatre Company Inc?
Vital Theatre Company Inc's revenue in 2022 was $34,189.
Official website here: www.vitaltheatre.org/
Who are the executives of Vital Theatre Company Inc and what are their salaries?
The average compensation at Vital Theatre Company Inc during 2022 was $4,265. There are 33 employees and 3 volunteers at Vital Theatre Company Inc.
Here are 4 key members and their salaries:
- Compensation: $33,000
- 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.vitaltheatre.org/
Where can I find the form 990 for Vital Theatre Company Inc?
Vital Theatre Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vitaltheatre.org/
Learn more at the official website: www.vitaltheatre.org/
Mission Statement of Vital Theatre Company Inc
Vital Theatre Company Inc is dedicated to serving as a nurturing environment for the creative impulses of theatre artists. Their mission is centered around providing a space where these artistic minds can flourish and grow. The organization achieves this through various means, including the production of full-length and short plays, as well as the development of new work. They are committed to offering affordable and high-quality productions for young people, ensuring that a wide audience can engage with the arts. Beyond its primary focus on theatre production, Vital Theatre Company Inc also offers arts and education programs. These initiatives aim to foster a love for the arts and provide enriching experiences for individuals of all ages. Overall, Vital Theatre Company Inc is a vital hub for the creative community, providing a space for artists to thrive and sharing the joy of theatre with audiences.
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Impact
August, 2024
Vital Theatre Company Inc provides a vital platform for theatre artists to nurture their creative impulses. Through producing full-length and short plays, developing new work, and offering affordable, quality productions for young people, Vital Theatre Company Inc plays a significant role in promoting artistic expression and providing access to the arts. Additionally, their arts and education programs further enhance their impact by engaging and inspiring audiences of all ages. Overall, Vital Theatre Company Inc contributes to the cultural enrichment and artistic development of its community in New York.
This information is meant to be a general summary of Vital Theatre Company 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: $3
- Program Service Revenue: $25,696
- Gross Receipts: $34,852
Assets and Liabilities:
- Total Assets: $51,290
- Total Liabilities: $1,007,083
- Net Assets: -$955,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PAC TOURS
Revenue
$15,298
TICKET SALES
Revenue
$10,398
Organization Details
Founding Year
2000
Phone
(212) 579-0528Principal Officer
Stephen Sunderlin
Main Address
148 WEST 76TH STREET 4A, NEW YORK, NY, 10023
Website
www.vitaltheatre.org/NTEE Category
Code: A65 - Arts
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