Overview
What is Embassy Theatre Foundationinc?
Embassy Theatre Foundationinc is a nonprofit organization based in Fort Wayne, Indiana, specifically at 125 West Jefferson Blvd. Their primary mission is to preserve and maintain one of the largest historic theatres in the state, offering a variety of cultural experiences. They achieve this by hosting quality stage performances from both national and local organizations, as well as renting out the building for various functions. The foundation enriches the regional cultural landscape by providing a diverse array of arts and entertainment events within its historic venue. With approximately 40 dedicated employees, Embassy Theatre Foundationinc plays a significant role in promoting cultural growth and engagement in the community.
Official website here: www.fwembassytheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Embassy Theatre Foundationinc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a perfect score of 100% in key areas such as independent board membership, financial oversight, and adherence to best practices in governance. This high rating indicates a commitment to transparency and effective management, making it a reliable choice for potential donors.
The foundation has an independent board comprising 17 members, ensuring a diverse range of perspectives and effective decision-making. Additionally, their financial management is noteworthy, with 81.39% of expenses directed towards programs, demonstrating a focus on mission-driven activities. The organization has also implemented essential policies related to conflict of interest and whistleblower protection, further reinforcing their commitment to ethical governance.
Overall, the Embassy Theatre Foundationinc exemplifies a well-managed nonprofit that prioritizes accountability and transparency. No significant limitations were noted in the data, indicating a comprehensive approach to operational integrity, which should instill confidence in stakeholders and supporters alike.
This AI summary has been generated from information found on Charity Navigator.
Is Embassy Theatre Foundationinc legitimate?
Embassy Theatre Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Embassy Theatre Foundationinc 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: $139,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $951,994
For more financial information, click here
Official website here: www.fwembassytheatre.org
What is the mission statement of Embassy Theatre Foundationinc?
The Embassy Theatre Foundationinc enriches the cultural landscape by offering a diverse array of arts and entertainment events within a historic venue. Its mission is to preserve and maintain one of the largest historic theaters in Indiana, achieved through presenting high-quality stage performances by both national and local organizations. Additionally, the foundation rents out the building for various functions, contributing to the broader cultural experiences in the community.
Official website here: www.fwembassytheatre.org
Who is the CEO of Embassy Theatre Foundationinc?
Kelly Updike is the President & of Embassy Theatre Foundationinc.
Official website here: www.fwembassytheatre.org
What is the revenue of Embassy Theatre Foundationinc?
Embassy Theatre Foundationinc's revenue in 2022 was $5,039,603.
Official website here: www.fwembassytheatre.org
Who are the executives of Embassy Theatre Foundationinc and what are their salaries?
The average compensation at Embassy Theatre Foundationinc during 2022 was $27,289. There are 40 employees and 302 volunteers at Embassy Theatre Foundationinc.
Here are 18 key members and their salaries:
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Official website here: www.fwembassytheatre.org
Where can I find the form 990 for Embassy Theatre Foundationinc?
Embassy Theatre Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fwembassytheatre.org
Learn more at the official website: www.fwembassytheatre.org
Mission Statement of Embassy Theatre Foundationinc
Embassy Theatre Foundationinc enriches the cultural landscape of its region by offering a diverse array of artistic and entertaining experiences within a historic venue. The organization's primary mission is to preserve and maintain one of the largest historic theatres in Indiana, ensuring its continued use through high-quality performances by both national and local organizations. Additionally, Embassy Theatre Foundationinc rents out the venue for various functions, contributing to the local community's cultural life in multiple ways. By providing these experiences in a historic setting, the foundation plays a vital role in preserving and celebrating the region's artistic heritage.
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Impact
October, 2024
Embassy Theatre Foundationinc significantly enriches the cultural landscape of Fort Wayne, Indiana, by offering a diverse array of arts and entertainment experiences within its historic venue. It plays a vital role in preserving one of the largest historic theatres in the state, ensuring that the community has access to high-quality stage performances from both national and local organizations.
The foundation’s impact extends beyond just performances; it also provides a space for various functions and events, fostering community engagement and collaboration. By maintaining this iconic venue, the Embassy Theatre Foundationinc contributes to the region's cultural vitality, making art and entertainment accessible to a wide audience and supporting local talent. Its commitment to preserving history while promoting the arts creates a vibrant hub for creativity and cultural expression, enhancing the quality of life for residents and visitors alike.
This information is meant to be a general summary of Embassy Theatre Foundationinc. 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: $445,508
- Program Service Revenue: $1,857,708
- Gross Receipts: $6,399,936
Assets and Liabilities:
- Total Assets: $19,673,626
- Total Liabilities: $1,678,186
- Net Assets: $17,995,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKETING REVENUE
Revenue
$694,008
CONCESSIONS/MERCHANDISE
Revenue
$473,838
RENTAL INCOME
Revenue
$456,277
SERVICE FEES
Revenue
$233,585
Organization Details
Founding Year
1972
Phone
(260) 424-6287Principal Officer
Kelly Updike
Main Address
125 WEST JEFFERSON BLVD, FORT WAYNE, IN, 46802
Website
www.fwembassytheatre.orgNTEE Category
Code: A610 - Arts
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