Overview
What is Strand Theater Initiative?
The Strand Theater Initiative, located in Zelienople, Pennsylvania (119 N Main Street), is a dedicated nonprofit organization. Their primary focus is the preservation and renovation of the Strand as a multifunctional venue for performing arts and cinematics. With a small team of four employees, the initiative aims to breathe new life into this historic theater, transforming it into a vibrant cultural hub for the community. The initiative's mission is not just about renovation but also preserving the theater's rich history and heritage.
Official website here: www.thestrandtheater.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Strand Theater Initiative has received a solid Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating is based solely on Accountability & Finance criteria, highlighting the organization’s commitment to responsible financial practices. The majority of its board members are independent, showcasing a strong governance structure, and the organization has effectively maintained transparency with its financial statements.
Strengths noted include a perfect score in several accountability metrics, such as the absence of material asset diversions and a well-documented auditing process. However, there are some limitations, as the organization is lacking a conflict of interest policy, whistleblower policy, and document retention policy. These gaps in governance policies may raise concerns among potential donors about the organization's operational integrity.
The financial ratios indicate that the Strand Theater Initiative is managing its resources effectively, with a program expense ratio of 64.68%, which suggests a substantial portion of expenditures is allocated to its mission-related activities. The salary of key individuals reflects standard compensation, although the significant disparity in salaries may warrant further examination regarding the roles and responsibilities within the organization. Overall, the Strand Theater Initiative shows promise in its accountability practices while also identifying areas for improvement in its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Strand Theater Initiative legitimate?
Strand Theater Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strand Theater Initiative 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: $91,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,189
For more financial information, click here
Official website here: www.thestrandtheater.org
What is the mission statement of Strand Theater Initiative?
The Strand Theater Initiative is committed to preserving and renovating the Strand as a multi-purpose venue for performing arts and cinematic performances. Their mission is to restore this historical theater to its former glory, serving as a cultural hub for the community to enjoy a wide range of artistic and cinematographic experiences. This renovation endeavor aims to preserve the theater's architectural and historical significance while modernizing it to meet the needs of contemporary audiences. By revitalizing the Strand, the initiative intends to enrich the cultural landscape of the community and provide a space for local artists and performers to showcase their talents.
Official website here: www.thestrandtheater.org
Who is the CEO of Strand Theater Initiative?
Ronald M Carter is the President/Exec Director of Strand Theater Initiative.
Official website here: www.thestrandtheater.org
What is the revenue of Strand Theater Initiative?
Strand Theater Initiative's revenue in 2022 was $660,425.
Official website here: www.thestrandtheater.org
Who are the executives of Strand Theater Initiative and what are their salaries?
The average compensation at Strand Theater Initiative during 2022 was $43,294. There are 4 employees and 50 volunteers at Strand Theater Initiative.
Here are 4 key members and their salaries:
- Compensation: $91,988
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thestrandtheater.org
Where can I find the form 990 for Strand Theater Initiative?
Strand Theater Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thestrandtheater.org
Learn more at the official website: www.thestrandtheater.org
Mission Statement of Strand Theater Initiative
The Strand Theater Initiative is dedicated to the preservation and renovation of the Strand as a performing arts and cinematic theater venue. This mission is crucial in revitalizing the Strand, transforming it into a vibrant stage for various artistic performances and cinematographic experiences. By undertaking this project, the Strand Theater Initiative aims to preserve the historical and cultural significance of the Strand, while also modernizing it to meet the demands of contemporary audiences. This revitalization effort will not only breathe new life into the Strand but also contribute to the rich cultural landscape of the local community.
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Impact
July, 2024
The impact of the Strand Theater Initiative can be seen in the revitalization of the Strand as a vibrant performing arts and cinematic theater venue. Through its preservation and renovation efforts, the Initiative has brought cultural enrichment and entertainment to the community. It has provided a platform for artists and performers to showcase their talents while offering the audience a space for artistic expression and engagement. The Initiative's work has helped preserve the historical and cultural significance of the Strand, contributing to the preservation of the community's heritage and fostering a sense of pride and connection among residents. Overall, the Initiative's impact extends beyond just physical renovations, enriching the cultural landscape and enhancing the quality of life in Zelienople, PA.
This information is meant to be a general summary of Strand Theater Initiative. 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: $58
- Program Service Revenue: $619,957
- Gross Receipts: $734,036
Assets and Liabilities:
- Total Assets: $1,582,662
- Total Liabilities: $312,363
- Net Assets: $1,270,299
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$607,979
THEATER CAMP
Revenue
$11,978
Organization Details
Founding Year
2001
Phone
(724) 742-0400Principal Officer
Ronald M Carter
Main Address
119 N MAIN STREET, ZELIENOPLE, PA, 16063
Website
www.thestrandtheater.orgNTEE Category
Code: A61 - Arts
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