Overview
What is Sarah Siddons Society Inc?
Sarah Siddons Society Inc, located in Chicago, Illinois, is a distinguished nonprofit organization that generously grants scholarships to university students. They achieve this by making donations to renowned educational establishments. Their primary mission is to support theatrical students at these universities, providing them with the financial aid they need to pursue their studies. This nonprofit organization contributes significantly to nurturing the future generation of artists and scholars in the field of theatre.
Official website here: www.sarahsiddonssociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Sarah Siddons Society Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity scored an impressive 83% overall, reflecting strong governance practices and financial integrity. The organization's board is fully independent, which contributes to its high score in this area, along with a healthy ratio of program expenses to total expenses, demonstrating effective allocation of resources to its mission.
The charity shows commendable practices in several areas, such as having robust policies in place for conflict of interest, and thorough documentation of board meeting minutes. However, it falls short in terms of having a whistleblower policy and document retention and destruction policy, which are both currently missing. These areas could benefit from improvement to enhance transparency and further strengthen governance.
Overall, the Sarah Siddons Society Inc's financial health and accountability practices are notable strengths, making it a reliable choice for potential donors. Continuous enhancement of its governance policies could further bolster its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sarah Siddons Society Inc legitimate?
Sarah Siddons Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarah Siddons Society 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.
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Official website here: www.sarahsiddonssociety.org
What is the mission statement of Sarah Siddons Society Inc?
The Sarah Siddons Society Inc, a non-profit organization, is dedicated to providing scholarship funds for theatrical students pursuing their university education. They achieve this mission by making donations to various esteemed educational institutions. The society's purpose is to support and encourage the next generation of theatrical talent by providing them with financial aid to further their studies. This assistance enables students to focus on their craft and ultimately contribute to the world of theater and performing arts.
Official website here: www.sarahsiddonssociety.org
Who is the CEO of Sarah Siddons Society Inc?
Martin D Balogh is the President of Sarah Siddons Society Inc.
Official website here: www.sarahsiddonssociety.org
What is the revenue of Sarah Siddons Society Inc?
Sarah Siddons Society Inc's revenue in 2022 was $139,492.
Official website here: www.sarahsiddonssociety.org
Who are the executives of Sarah Siddons Society Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.sarahsiddonssociety.org
Where can I find the form 990 for Sarah Siddons Society Inc?
Sarah Siddons Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarahsiddonssociety.org
Learn more at the official website: www.sarahsiddonssociety.org
Mission Statement of Sarah Siddons Society Inc
The Sarah Siddons Society Inc, named after the renowned British actress, carries out a mission focused on providing scholarship funds for students pursuing theatrical studies at various esteemed educational institutions. This nonprofit organization's primary objective is to support university students who demonstrate passion and talent in the field of theater. By making significant contributions to these educational establishments, the Sarah Siddons Society Inc aims to help deserving students realize their dreams and make valuable contributions to the world of theater.
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Impact
October, 2024
Sarah Siddons Society Inc significantly impacts the arts community by providing scholarship funds specifically designed for university students pursuing theatrical studies. By channeling financial support through gifts to reputable educational establishments, the organization plays a vital role in fostering the next generation of artists. This commitment not only eases the financial burden on students but also promotes the advancement of theatrical arts within the Chicago area and beyond. The scholarships facilitate access to higher education and professional training, thereby nurturing talent and encouraging creative expression in the performing arts. Ultimately, the society enriches the cultural landscape by empowering aspiring performers and contributing to the sustainability of the arts.
This information is meant to be a general summary of Sarah Siddons Society 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 2022.
- Investment Income: $2,622
- Program Service Revenue: $117,921
- Gross Receipts: $469,432
Assets and Liabilities:
- Total Assets: $423,599
- Total Liabilities: $3,480
- Net Assets: $420,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATER AND AWARD PROG
Revenue
$117,921
Organization Details
Founding Year
1960
Phone
(312) 396-1977Principal Officer
Martin D Balogh
Main Address
205 N MICHIGAN AVE 810, CHICAGO, IL, 60601
Website
www.sarahsiddonssociety.orgNTEE Category
Code: A60 - Arts
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