Overview
What is The Theater Project Inc?
The Theater Project Inc, located at 131 Elm Street, West Springfield, Massachusetts, is a nonprofit organization primarily known as the Majestic Theater. Established in 1997, their primary mission is to promote and nurture local talent in the arts. The Theater Project Inc provides a professional platform for actors, actresses, and technicians residing in the Pioneer Valley, allowing them to showcase their skills at the Majestic Theater. With a workforce of approximately 60 individuals, they welcome an annual audience of around 40,000, contributing to the vibrancy of the local arts scene in West Springfield.
Official website here: www.majestictheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Theater Project Inc has received a two-star rating from Charity Navigator, indicating areas where the organization can enhance its accountability and financial practices. With an overall score of 64%, the organization has shown strengths in financial transparency, including a complete audit of its financial statements and a solid program expense ratio. However, the lack of independent board members and compliance with some transparency measures raises concerns.
The organization has implemented various effective governance policies, such as conflict of interest and whistleblower policies, which reflect a commitment to ethical practices. However, the absence of documented board meeting minutes and the failure to post tax forms on their website highlight significant weaknesses in transparency and communication with stakeholders.
While The Theater Project Inc demonstrates good financial stewardship in certain areas, the limitations in board independence and transparency practices indicate a need for improvement. Addressing these shortcomings would be essential for building trust and enhancing the organization's overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Theater Project Inc legitimate?
The Theater Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Theater Project 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: $136,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $652,948
For more financial information, click here
Official website here: www.majestictheatre.com
What is the mission statement of The Theater Project Inc?
The Theater Project Inc's mission is centered around promoting the arts. Specifically, it aims to offer a professional setting for local actors, actresses, and technicians to showcase their talents at the Majestic Theater. The organization has been producing live theater at the Majestic since 1997, attracting an audience of approximately 40,000 individuals annually.
Official website here: www.majestictheatre.com
What is the revenue of The Theater Project Inc?
The Theater Project Inc's revenue in 2023 was $1,596,160.
Official website here: www.majestictheatre.com
Who are the executives of The Theater Project Inc and what are their salaries?
The average compensation at The Theater Project Inc during 2023 was $10,667. There are 74 employees and 50 volunteers at The Theater Project Inc.
Here are 5 key members and their salaries:
- Compensation: $97,504
- Related: $0
- Other: $2,052
- Compensation: $67,937
- Related: $0
- Other: $3,892
- Compensation: $3,305
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.majestictheatre.com
Where can I find the form 990 for The Theater Project Inc?
The Theater Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.majestictheatre.com
Learn more at the official website: www.majestictheatre.com
Mission Statement of The Theater Project Inc
The Theater Project Inc, a distinguished entity in the arts sector, is dedicated to promoting artistic expression. Their primary mission is to create a professional environment for actors, actresses, and technicians in the Pioneer Valley, providing them with a platform to showcase their talents at the Majestic Theater. Since its inception in 1997, The Theater Project Inc has been consistently producing live theater at the Majestic, attracting an audience of approximately 40,000 individuals. The organization's commitment to the arts and its local community is evident through its dedication to providing a stage for local talent, fostering a vibrant and thriving artistic scene.
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Impact
October, 2024
The Theater Project Inc significantly enriches the cultural landscape of West Springfield, MA, by locally producing live theater at the Majestic Theater since 1997. With an audience typically numbering around 40,000 each year, it has become a vital hub for artistic expression in the Pioneer Valley. The organization provides a professional environment for local actors, actresses, and technicians, fostering talent and creativity within the community. By promoting the arts, it not only enhances the entertainment options available but also strengthens community ties and elevates the local economy through increased foot traffic and engagement in cultural activities. Overall, The Theater Project Inc plays a crucial role in nurturing the performing arts and offers invaluable opportunities for both artists and audiences alike.
This information is meant to be a general summary of The Theater Project 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: $928
- Program Service Revenue: $1,325,145
- Gross Receipts: $1,995,450
Assets and Liabilities:
- Total Assets: $2,589,978
- Total Liabilities: $1,528,443
- Net Assets: $1,061,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$1,325,145
Organization Details
Founding Year
1993
Principal Officer
Todd Kadis
Website
www.majestictheatre.comNTEE Category
Code: A650 - Arts
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