Overview
What is Walnut Street Theatre Corporation?
Walnut Street Theatre Corporation is a nonprofit organization based in Philadelphia, Pennsylvania. Their primary mission is to sustain the tradition of professional theatre and contribute to its future viability and vitality. They achieve this through various initiatives, including the production and presentation of professional theatre, encouragement, training, and development of artists, and the cultivation of diverse audiences. During the 2021-2022 season, their Theatre School served 601 students and 27 teachers, reaching over 88,000 students through virtual outreach productions. Their Adopt-A-School program served two Philadelphia schools, and their residency program reached 1,427 students in 13 schools. Additionally, they offer a Kids Series and Disney Musicals in Schools programs, which served 80 students and 2 schools, respectively. Their impact extends beyond the theatre, contributing to the artistic growth and engagement of the community.
Official website here: www.walnutstreettheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Walnut Street Theatre Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score of 100 in the Accountability & Finance category, the organization demonstrates excellent management practices, including an independent board comprised entirely of independent members and rigorous oversight of financial statements. The lack of material diversion of assets and a solid liabilities to assets ratio further reinforce its financial health.
In addition to its fiscal responsibility, Walnut Street Theatre Corporation excels in community engagement, earning a high score of 95 in the Culture & Community category. The organization effectively collects and utilizes constituent feedback, achieving perfect scores in feedback collection, usage, and practices. This indicates a dedication to transparency and responsiveness to the needs and expectations of its community.
However, while the organization shows robust equity strategies with a score of 93, some areas within its equity policies and processes could be strengthened, as indicated by a score of 4 out of 7. Overall, Walnut Street Theatre Corporation's strong ratings suggest it is a well-managed nonprofit deeply invested in both financial integrity and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Walnut Street Theatre Corporation legitimate?
Walnut Street Theatre Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walnut Street Theatre Corporation 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: $1,396,986
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,207,090
For more financial information, click here
Official website here: www.walnutstreettheatre.org
What is the mission statement of Walnut Street Theatre Corporation?
The Walnut Street Theatre Company is dedicated to preserving the tradition of professional theatre and ensuring its longevity. To accomplish this mission, the organization focuses on three key areas: the production and presentation of professional theatre, the encouragement, training, and development of artists, and the cultivation of diverse audiences. The company takes pride in its historic theatre building, a national historic landmark, and strives to document its rich history. Through these efforts, Walnut Street Theatre Company contributes significantly to the vitality and future viability of the professional theatre industry.
Official website here: www.walnutstreettheatre.org
Who is the CEO of Walnut Street Theatre Corporation?
Bernard Havard is the President And Producing Artistic Director of Walnut Street Theatre Corporation.
Official website here: www.walnutstreettheatre.org
What is the revenue of Walnut Street Theatre Corporation?
Walnut Street Theatre Corporation's revenue in 2022 was $14,927,015.
Official website here: www.walnutstreettheatre.org
Who are the executives of Walnut Street Theatre Corporation and what are their salaries?
The average compensation at Walnut Street Theatre Corporation during 2022 was $18,136. There are 309 employees and 20 volunteers at Walnut Street Theatre Corporation.
Here are 26 key members and their salaries:
- Compensation: $889,313
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- Other: $45,148
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- Compensation: $547,891
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- Other: $16,743
- Compensation: $159,844
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- Other: $18,382
- Compensation: $202,015
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- Other: $28,072
- Compensation: $193,138
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- Other: $9,604
- Compensation: $135,300
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- Other: $33,879
- Compensation: $112,015
- Related: $0
- Other: $9,273
Official website here: www.walnutstreettheatre.org
Where can I find the form 990 for Walnut Street Theatre Corporation?
Walnut Street Theatre Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.walnutstreettheatre.org
Learn more at the official website: www.walnutstreettheatre.org
Mission Statement of Walnut Street Theatre Corporation
Walnut Street Theatre Corporation, a esteemed organization in the professional theatre realm, is dedicated to preserving and advancing the tradition of theatre. This mission is twofold: firstly, the corporation produces and presents professional theatre that engages and captivates diverse audiences. Secondly, it supports the development and encouragement of artists.
The Walnut Street Theatre Corporation prides itself on the delivery of top-tier productions and presentations. By doing so, it plays a crucial role in maintaining the vibrancy and viability of theatre. Moreover, the organization takes strides to foster the growth of artists, providing them with a platform to hone their craft and thrive.
In addition to its artistic pursuits, the Walnut Street Theatre Corporation attaches great importance to cultivating diverse audiences. By engaging a wide range of individuals, it ensures the relevance and resonance of theatre in contemporary society. Furthermore, the organization's commitment to preserving its theatre building, a National Historic Landmark, reflects its dedication to the rich history and legacy of theatre.
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Impact
October, 2024
Walnut Street Theatre Corporation significantly contributes to the cultural fabric of Philadelphia by sustaining the tradition of professional theater and enhancing its future viability and vitality. One of its critical impacts is through its comprehensive theater school, which engaged 27 teachers and 601 students during the 2021-2022 season. Their extensive outreach programs reached 88,000 students across 21 districts, providing access to high-quality theatrical experiences, including virtual performances like "The P-Funk Posse."
Moreover, their initiatives, such as the Adopt-a-School program, have directly impacted local schools, with teaching artists reaching nearly 2,000 students in Philadelphia. The physical engagement of students in performances, like the fully staged adaptation of Disney's "Moana Jr.," attracted 7,823 attendees, showcasing young talent and fostering community involvement in the arts.
The organization further emphasizes the training and development of artists, aiming to cultivate diverse audiences and ensure the long-term sustainability of professional theater in the region. By preserving its historic theater building, Walnut Street Theatre Corporation plays a crucial role in maintaining the cultural heritage of Philadelphia while inspiring the next generation of theater enthusiasts and practitioners.
This information is meant to be a general summary of Walnut Street Theatre Corporation. 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: $86,468
- Program Service Revenue: $7,661,291
- Gross Receipts: $21,275,826
Assets and Liabilities:
- Total Assets: $36,002,708
- Total Liabilities: $5,368,780
- Net Assets: $30,633,928
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRODUCTION TICKET SALES
Revenue
$7,397,803
THEATRE SCHOOL
Revenue
$219,898
OTHER
Revenue
$43,590
Organization Details
Founding Year
1969
Phone
(215) 574-3550Principal Officer
Bernard Havard
Main Address
825 WALNUT STREET, PHILADELPHIA, PA, 19107
Website
www.walnutstreettheatre.orgNTEE Category
Code: A650 - Arts
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