Overview
What is South Street Theater Company Inc?
South Street Theater Company Inc, also known as Mayo Performing Arts Center, is a vibrant nonprofit organization based in Morristown, New Jersey. They are situated at 100 South Street, ZIP code 07960. The company's mission is to serve as a cultural and artistic attraction to the community, contributing to the local economy through an assortment of arts-related programs and events. Their activities encompass both production costs and various education initiatives. The organization is home to 256 employees, and its primary focus is to entertain, educate, and enrich the region through diverse artistic presentations.
Official website here: www.mayoarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
South Street Theater Company Inc has achieved a strong 96% score, earning a prestigious Four-Star rating from Charity Navigator. This rating reflects the organization’s commitment to accountability and finance, indicating that it operates with transparency and high standards. The score is derived entirely from the Accountability & Finance beacon, showcasing the organization's reliability in managing its financial resources.
One of the key strengths of South Street Theater Company is its independent governance, with all 22 board members classified as independent. This structure ensures that decisions are made in the best interest of the organization without conflicts of interest. Additionally, the organization has implemented comprehensive financial oversight measures, including an Audit and Oversight Committee, and maintains transparency with documented board meeting minutes and policies for conflict of interest and whistleblower protections.
The financial health of the organization is also commendable, with a program expense ratio of 80.73%, indicating that a significant portion of its resources is allocated directly to programs rather than administrative costs. Furthermore, the organization's liabilities to assets ratio stands at a low 18.98%, which suggests a solid financial foundation. Overall, South Street Theater Company demonstrates strong financial practices and governance, although specific programmatic outcomes or user feedback were not detailed in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is South Street Theater Company Inc legitimate?
South Street Theater Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Street Theater 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: $898,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,586,660
For more financial information, click here
Official website here: www.mayoarts.org
What is the mission statement of South Street Theater Company Inc?
South Street Theater Company Inc contributes significantly to its community as a cultural and artistic draw, boosting the local economy through a diverse range of arts programs and events. The organization's mission is geared towards attracting visitors and stimulating economic growth in the region through creative initiatives. Their activities encompass various production-related expenses as well as costs associated with education-focused programs offered by the company.
Official website here: www.mayoarts.org
Who is the CEO of South Street Theater Company Inc?
Allison Larena is the President & of South Street Theater Company Inc.
Official website here: www.mayoarts.org
What is the revenue of South Street Theater Company Inc?
South Street Theater Company Inc's revenue in 2023 was $13,501,623.
Official website here: www.mayoarts.org
Who are the executives of South Street Theater Company Inc and what are their salaries?
The average compensation at South Street Theater Company Inc during 2023 was $17,521. There are 256 employees at South Street Theater Company Inc.
Here are 26 key members and their salaries:
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- Compensation: $177,000
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Official website here: www.mayoarts.org
Where can I find the form 990 for South Street Theater Company Inc?
South Street Theater Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mayoarts.org
Learn more at the official website: www.mayoarts.org
Mission Statement of South Street Theater Company Inc
South Street Theater Company Inc, a vibrant cultural and artistic entity, contributes significantly to the surrounding community by acting as a magnet for visitors and bolstering the economic health of the region. The organization achieves this through an impressive lineup of arts-related programs and events.
The mission of South Street Theater Company Inc is multifaceted. At its core, it serves as a cultural beacon that attracts individuals from far and wide, fostering a sense of community and enriching the local arts scene. Beyond this, the organization plays a critical role in boosting the economic vitality of the area through its various artistic initiatives.
The organization's efforts extend beyond mere entertainment. South Street Theater Company Inc invests in production-related costs, ensuring that the quality of its performances remains top-notch. Furthermore, the organization offers a range of education-focused programs, allowing it to contribute to the intellectual and creative development of local residents. The organization's commitment to both artistic excellence and community engagement makes it an invaluable asset to the region.
Program service expenditures of South Street Theater Company Inc encompass a diverse range of costs associated with its various productions and educational offerings. By investing in the arts and providing opportunities for learning, the organization continues to enrich the lives of those in the community and solidify its status as a cultural cornerstone.
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Impact
October, 2024
South Street Theater Company Inc significantly enhances the cultural landscape of Morristown, NJ, serving as a vital artistic attraction. Through a diverse array of arts-related programs and events, it enriches the community's cultural offerings and fosters a vibrant environment for artistic expression.
The organization's focus on production-related activities and educational programs not only elevates local arts but also draws visitors, which in turn contributes to the economic vitality of the region. By engaging residents and visitors alike, South Street Theater Company Inc creates opportunities for community interaction and supports local businesses, making it a cornerstone of Morristown's cultural and economic ecosystem.
This information is meant to be a general summary of South Street Theater 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 2023.
- Investment Income: $41,347
- Program Service Revenue: $9,975,229
- Gross Receipts: $13,621,006
Assets and Liabilities:
- Total Assets: $25,407,596
- Total Liabilities: $4,827,096
- Net Assets: $20,580,500
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE SALES
Revenue
$7,563,392
BOX OFFICE FEES
Revenue
$967,147
CONCESSIONS
Revenue
$596,767
EDUCATION
Revenue
$473,052
THEATER RENTAL
Revenue
$205,718
Organization Details
Founding Year
1995
Phone
(973) 539-0345Principal Officer
Allison Larena
Main Address
100 SOUTH STREET, MORRISTOWN, NJ, 07960
Website
www.mayoarts.orgNTEE Category
Code: A60 - Arts
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