Overview
What is Sioux Falls State Theatre Company?
The Sioux Falls State Theatre Company is a 501(c)(3) nonprofit organization based in Sioux Falls, South Dakota. Their primary mission is to preserve the Historic State Theatre, a landmark in downtown Sioux Falls, and transform it into a state-of-the-art entertainment and educational venue. This restoration project aims to enhance community development, attract professional talent, and boost the local economy. The company continues its fundraising efforts to achieve this goal, currently operating with a team of 23 dedicated individuals. Their vision is to provide unique entertainment experiences and educational opportunities, elevating the cultural landscape of Sioux Falls and the surrounding region.
Official website here: www.siouxfallsstatetheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Sioux Falls State Theatre Company has achieved a strong rating of 88%, reflecting solid accountability and financial practices. The organization has an independent board with 100% of its members free from conflicts of interest, which enhances its governance. The theatre company also shows commendable financial health, with a low liabilities-to-assets ratio and a high program expense ratio, indicating that the majority of its funds are directed towards program services.
However, there are a few areas for improvement. The organization is missing key policies such as a whistleblower policy and a document retention and destruction policy, which could affect its overall accountability practices. Additionally, the tax form is not posted on the nonprofit's website, limiting transparency for stakeholders seeking financial information.
Overall, the Sioux Falls State Theatre Company exhibits strong financial management and governance but should address the noted deficiencies to further enhance its credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Sioux Falls State Theatre Company?
92% of 235 reviewers on Facebook recommend Sioux Falls State Theatre Company. Here's a brief overview of their comments:
Many patrons are excited about the renovations, praising the blend of historic charm with modern amenities like lounge seating. The helpful and friendly staff receive numerous compliments, contributing to a welcoming atmosphere for visitors. Overall, there’s a palpable eagerness among users to support the theatre, with many expressing intentions to purchase memberships and attend regularly.
This organization clearly resonates well with the community, creating a positive dining and entertainment experience that people are enthusiastic about.
This AI summary has been generated from reviews found on Facebook.
Is Sioux Falls State Theatre Company legitimate?
Sioux Falls State Theatre Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux Falls State Theatre Company 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: $85,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,446
For more financial information, click here
Official website here: www.siouxfallsstatetheatre.org
What is the mission statement of Sioux Falls State Theatre Company?
The Sioux Falls State Theatre Company, as a 501(c)(3) organization, is dedicated to preserving a historic landmark and making it available as a unique venue for both entertainment and education. By renovating the state theatre, the company aims to significantly contribute to community development, attracting professional recruitment and boosting the economic vitality not just of Sioux Falls but the entire surrounding region. The restored theatre will offer a state-of-the-art stage, serving as a valuable resource for the community to engage in various cultural events and educational programs.
Official website here: www.siouxfallsstatetheatre.org
What is the revenue of Sioux Falls State Theatre Company?
Sioux Falls State Theatre Company's revenue in 2023 was $940,238.
Official website here: www.siouxfallsstatetheatre.org
Who are the executives of Sioux Falls State Theatre Company and what are their salaries?
The average compensation at Sioux Falls State Theatre Company during 2023 was $10,358. There are 25 employees at Sioux Falls State Theatre Company.
Here are 13 key members and their salaries:
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- Compensation: $74,166
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Official website here: www.siouxfallsstatetheatre.org
Where can I find the form 990 for Sioux Falls State Theatre Company?
Sioux Falls State Theatre Company's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.siouxfallsstatetheatre.org
Learn more at the official website: www.siouxfallsstatetheatre.org
Mission Statement of Sioux Falls State Theatre Company
The Sioux Falls State Theatre Company, a 501(c)(3) organization, is committed to preserving a historical landmark and providing the community with a unique state-of-the-art entertainment and education venue. With a mission to enhance community development, professional recruitment, and the economic vitality of the area, this nonprofit organization aims to renovate the State Theatre, dramatically improving its capabilities. The refurbished theatre will serve as an invaluable asset to the community, offering a diverse range of entertainment and educational opportunities. This endeavor will not only revitalize the local community but also contribute to the overall appeal of Sioux Falls and its surrounding regions.
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Impact
October, 2024
Sioux Falls State Theatre Company plays a crucial role in enhancing the cultural and economic landscape of Sioux Falls, SD. By preserving the historic State Theatre, the company not only safeguards a significant landmark but also transforms it into a unique venue for entertainment and education. This revitalization effort is aimed at providing the community with access to state-of-the-art facilities that will host a variety of performances, educational programs, and events.
The theatre's restoration is expected to significantly contribute to community development, making Sioux Falls a more attractive place for professional recruitment and business investment. As a hub for the arts, the renovated State Theatre will draw visitors from the surrounding region, thereby boosting local businesses and fostering a vibrant arts scene. The philanthropic efforts to raise funds for this project underscore the company’s commitment to enriching the lives of residents and visitors alike, ensuring that the theatre remains a vital part of the community for generations to come.
This information is meant to be a general summary of Sioux Falls State Theatre Company. 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: $1,058
- Program Service Revenue: $787,446
- Gross Receipts: $940,238
Assets and Liabilities:
- Total Assets: $11,162,856
- Total Liabilities: $3,174,700
- Net Assets: $7,988,156
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE REVENUE
Revenue
$787,446
Organization Details
Founding Year
2005
Principal Officer
Allison Weiland
NTEE Category
Code: A65 - Arts
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