Overview
What is The Tws Foundation?
The Tws Foundation is a nonprofit organization situated in Western Springs, Illinois, specifically at 4384 Hampton Avenue. Their primary mission is to encourage and nurture contributions that foster entertainment, education, and inspiration for various generations through the medium of live theatre in the western suburbs of Chicago. They are dedicated to supporting this art form, which serves as a platform for both entertainment and education, inspiring diverse crowds.
Official website here: www.theatreofwesternsprings.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The TWS Foundation has achieved an impressive score of 97%, reflecting strong accountability and financial management practices. This high rating is derived entirely from its accountability and finance beacon, indicating that the organization excels in transparency and governance. Notably, all board members are independent, and the foundation has a robust framework for managing potential conflicts of interest, evidenced by the absence of material asset diversion.
Financially, the TWS Foundation demonstrates solid health with a liabilities to assets ratio of 0.00%, suggesting that it operates without debt. Moreover, its program expense ratio of 74.18% indicates that a significant portion of its budget is directed towards its charitable programs rather than administrative costs. This commitment to mission-driven spending enhances its reputation as a responsible and effective nonprofit.
While the organization scores well across various metrics, the summary does not highlight any specific areas for improvement. Overall, donors and stakeholders can feel confident in their support of the TWS Foundation, given its strong governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is The Tws Foundation legitimate?
The Tws Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tws Foundation 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:
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Official website here: www.theatreofwesternsprings.com
What is the mission statement of The Tws Foundation?
The Tws Foundation's mission is centered around encouraging and supporting contributions that foster entertainment, education, and inspiration through live theatre. By doing so, they aim to cater to various generations, thereby enriching their experiences in the Western suburbs of Chicago. The organization's activities primarily revolve around the artistic medium of live theatre, serving as a platform for both entertainment and educational purposes. Through their efforts, they aim to inspire and engage multiple generations, ultimately contributing to a culturally enriched community.
Official website here: www.theatreofwesternsprings.com
What is the revenue of The Tws Foundation?
The Tws Foundation's revenue in 2024 was $73,840.
Official website here: www.theatreofwesternsprings.com
Who are the executives of The Tws Foundation and what are their salaries?
There 15 volunteers at The Tws Foundation.
Here are 12 key members and their salaries:
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Official website here: www.theatreofwesternsprings.com
Where can I find the form 990 for The Tws Foundation?
The Tws Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.theatreofwesternsprings.com
Learn more at the official website: www.theatreofwesternsprings.com
Mission Statement of The Tws Foundation
The Tws Foundation, with a mission that is both inspiring and far-reaching, focuses on encouraging and nurturing contributions that promote entertainment, education, and inspiration through live theatre. By doing so, this organization aims to cater to the needs of various generations, fostering a sense of community and shared experiences. The Tws Foundation's ultimate goal is to leverage the power of live theatre as a means of connecting and enriching lives.
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Impact
October, 2024
The Tws Foundation significantly enriches the cultural landscape of the western suburbs of Chicago by fostering a vibrant live theatre scene that entertains, educates, and inspires multiple generations. Through its commitment to the arts, it creates opportunities for community engagement and artistic expression, allowing individuals of all ages to experience the transformative power of live performances.
By supporting and promoting contributions to local theatre productions, The Tws Foundation cultivates a deeper appreciation for the arts, encourages creativity, and highlights the importance of storytelling within the community. Its initiatives help to ensure that the magic of live theatre remains accessible, fostering an environment where future generations can develop a love for the arts and the skills necessary to pursue their own creative endeavors.
Through these efforts, The Tws Foundation strengthens community ties, promotes cultural literacy, and provides educational experiences that resonate beyond the stage, making a lasting impact on the lives of those it serves.
This information is meant to be a general summary of The Tws Foundation. 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 2024.
- Investment Income: $53,745
- Gross Receipts: $147,875
Assets and Liabilities:
- Total Assets: $1,408,025
- Total Liabilities: $0
- Net Assets: $1,408,025
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Organization Details
Founding Year
2006
Principal Officer
John Podliska
NTEE Category
Code: A116 - Arts
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