Overview
What is Indianapolis Theatre Fringe Festival Inc?
The Indianapolis Theatre Fringe Festival Inc, headquartered in Indianapolis, Indiana, is a vibrant nonprofit organization with a significant impact on the local arts scene. Their primary achievement lies in organizing an annual three-week theatre festival, attracting various performance groups and drawing over 10,000 attendees. This event, known as IndyFringe Theatre Festival, unfolds across five different venues, showcasing over 300 performances and promoting both local, national, and international artists. Indianapolis Theatre Fringe Festival Inc is dedicated to fostering the performing arts, providing numerous opportunities for artists, audiences, and the community at large to thrive. They achieve this by offering a diverse range of low-cost performance shows, encouraging active participation in the arts within the Indianapolis community. The organization's mission, in essence, is to create access to a multitude of opportunities that contribute to the enrichment of the performing arts scene in Indianapolis.
Official website here: www.indyfringe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Indianapolis Theatre Fringe Festival Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. A score of 91% in the Accountability & Finance category indicates effective governance and transparency practices, essential for donor trust and organizational credibility. The organization boasts a fully independent board, with 100% of its members independent, ensuring unbiased decision-making.
In terms of financial management, the nonprofit shows a solid program expense ratio of 67.37%, suggesting that a significant portion of its funds is directed towards its primary mission of supporting theatre arts. Additionally, the organization maintains a low liabilities to assets ratio of 4.18%, indicating sound financial stability and minimal debt.
While the organization excels in many areas, the program expense ratio could still be improved to maximize the impact of every dollar spent on programming. Overall, the Indianapolis Theatre Fringe Festival Inc demonstrates strong operational practices, making it a worthwhile consideration for potential donors looking to support the arts.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Theatre Fringe Festival Inc legitimate?
Indianapolis Theatre Fringe Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Theatre Fringe Festival 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: $75,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,780
For more financial information, click here
Official website here: www.indyfringe.org
What is the mission statement of Indianapolis Theatre Fringe Festival Inc?
The Indianapolis Theatre Fringe Festival Inc aims to enhance the performing arts by offering numerous opportunities for artists, audiences, and the community at large to flourish. Their mission is to create an environment that fosters growth and success for performers and spectators alike. This is achieved through the annual production of a three-week theatre festival, featuring over 300 shows from various performance groups, attracting over 10,000 attendees. The festival has evolved into a significant cultural attraction, encompassing five different venues. Furthermore, the organization regularly presents low-cost performance shows to the public, encouraging community participation in the arts.
Official website here: www.indyfringe.org
Who is the CEO of Indianapolis Theatre Fringe Festival Inc?
Andrew Ball is the Treasurer of Indianapolis Theatre Fringe Festival Inc.
Official website here: www.indyfringe.org
What is the revenue of Indianapolis Theatre Fringe Festival Inc?
Indianapolis Theatre Fringe Festival Inc's revenue in 2022 was $465,479.
Official website here: www.indyfringe.org
Who are the executives of Indianapolis Theatre Fringe Festival Inc and what are their salaries?
The average compensation at Indianapolis Theatre Fringe Festival Inc during 2022 was $25,768. There are 6 employees and 80 volunteers at Indianapolis Theatre Fringe Festival Inc.
Here are 13 key members and their salaries:
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Official website here: www.indyfringe.org
Where can I find the form 990 for Indianapolis Theatre Fringe Festival Inc?
Indianapolis Theatre Fringe Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indyfringe.org
Learn more at the official website: www.indyfringe.org
Mission Statement of Indianapolis Theatre Fringe Festival Inc
Indianapolis Theatre Fringe Festival, often abbreviated as IndyFringe, is dedicated to advancing the performing arts by creating a multitude of opportunities for artists, audiences, and the community at large to thrive. This mission is accomplished by providing a platform for various performance groups to showcase their work during the annual three-week theatre festival. Drawing over 10,000 attendees each year, this event has grown to become an attractive cultural attraction, spreading across five different venues. IndyFringe not only features local, national, and international performers but also encourages the Indianapolis community's active participation in the arts by offering low-cost performance shows. By doing so, IndyFringe plays a significant role in promoting and nurturing the artistic talents within its community.
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Impact
July, 2024
Indianapolis Theatre Fringe Festival Inc's impact can be seen in its efforts to advance the performing arts by providing access to a multitude of opportunities for artists, audiences, and the community to thrive. The organization's largest accomplishment is the production of a three-week theatre festival in Indianapolis, featuring over 300 shows and drawing more than 10,000 attendees. This annual cultural attraction spans five different venues and aims to promote local, national, and international performers. In addition to the festival, Indianapolis Theatre Fringe Festival Inc provides low-cost performance shows to the public, encouraging the community to participate in the arts. Through these initiatives, the organization plays a significant role in enhancing the cultural landscape of Indianapolis and fostering creativity and engagement in the performing arts.
This information is meant to be a general summary of Indianapolis Theatre Fringe Festival 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: $1,065
- Program Service Revenue: $243,125
- Gross Receipts: $468,479
Assets and Liabilities:
- Total Assets: $1,116,986
- Total Liabilities: $30,452
- Net Assets: $1,086,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARNED REVENUE
Revenue
$243,125
Organization Details
Founding Year
2004
Principal Officer
Andrew Ball
Main Address
PO BOX 44121, INDIANAPOLIS, IN, 46244
Website
www.indyfringe.orgNTEE Category
Code: A70 - Arts
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