Overview
What is Academy Theatre Foundation?
The Academy Theatre Foundation, located at 275 Chestnut Street, Meadville, PA 16335, serves as a vital cultural hub within Northwest Pennsylvania. As a nonprofit organization, their primary mission is to provide engaging and educational events for the community, with a focus on the performing arts. They aim to be recognized as a distinguished center for the performing arts, contributing significantly to the regional arts community. The foundation employs a team of 13 individuals who work tirelessly to ensure the success of their cultural activities.
Official website here: www.theacademytheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Academy Theatre Foundation has received an 88% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is derived entirely from the Accountability & Finance sector, where the Foundation excels, particularly with 100% independent board members and an impressive program expense ratio of 93.73%. This indicates that a significant majority of their expenses are dedicated to their programs, which is a positive sign for potential donors.
Despite the strong scores in many areas, there are some limitations to consider. The Foundation is missing key policies, such as a whistleblower policy and a document retention policy, which are important for ensuring transparency and governance practices. Additionally, the tax form, which provides insight into their financial health, is not posted on their website, limiting access to some financial information that potential supporters might seek.
Overall, the Academy Theatre Foundation demonstrates solid financial management and a well-structured board, making it a trustworthy organization for donors looking to support the arts. However, addressing the missing policies and improving transparency through readily available financial documents could enhance their accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Academy Theatre Foundation legitimate?
Academy Theatre Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Theatre Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,233
For more financial information, click here
Official website here: www.theacademytheatre.org
What is the mission statement of Academy Theatre Foundation?
The Academy Theatre Foundation's mission is to establish itself as a distinguished center for performing arts in Northwest Pennsylvania, playing a significant role in the regional arts community. To achieve this, the organization operates a theater, offering a variety of cultural, educational, and civic events to the community. The aim is to enrich the community's cultural landscape and foster a sense of unity and engagement through the performing arts.
Official website here: www.theacademytheatre.org
Who is the CEO of Academy Theatre Foundation?
Jessica Whalen is the President of Academy Theatre Foundation.
Official website here: www.theacademytheatre.org
What is the revenue of Academy Theatre Foundation?
Academy Theatre Foundation's revenue in 2023 was $547,113.
Official website here: www.theacademytheatre.org
Who are the executives of Academy Theatre Foundation and what are their salaries?
The average compensation at Academy Theatre Foundation during 2023 was $7,556. There are 13 employees and 125 volunteers at Academy Theatre Foundation.
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Official website here: www.theacademytheatre.org
Where can I find the form 990 for Academy Theatre Foundation?
Academy Theatre Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theacademytheatre.org
Learn more at the official website: www.theacademytheatre.org
Mission Statement of Academy Theatre Foundation
The Academy Theatre Foundation, a recognized entity within the Northwest Pennsylvania arts community, is dedicated to serving as a hub for performing arts. Their mission is geared towards establishing a strong presence in the regional arts scene, offering a diverse range of cultural, educational, and civic events to the local community. The organization operates a theater, utilizing it as a platform to cater to the diverse entertainment needs and interests of the community.
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Impact
July, 2024
The Academy Theatre Foundation in Meadville, PA, operates a theater to provide cultural, educational, and civic events for the community. Its mission is to be a recognized center for the performing arts in northwest Pennsylvania, and an integral part of the regional arts community. The organization's impact is evident in its provision of a platform for cultural activities that enrich the community, foster artistic development, and contribute to the local arts scene. Through its diverse programs and events, the Academy Theatre Foundation serves as a hub for creativity, expression, and engagement, making a significant contribution to the cultural vitality of the region.
This information is meant to be a general summary of Academy Theatre Foundation. 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: $6,296
- Program Service Revenue: $298,944
- Gross Receipts: $547,113
Assets and Liabilities:
- Total Assets: $1,332,720
- Total Liabilities: $37,129
- Net Assets: $1,295,591
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE EVENTS
Revenue
$252,580
EVENT RENTALS
Revenue
$25,718
CONSESSIONS, NOVELTIES
Revenue
$16,043
EDUCATION CAMP
Revenue
$4,603
Organization Details
Founding Year
1988
Phone
(814) 337-8211Principal Officer
Jessica Whalen
Main Address
275 CHESTNUT STREET, MEADVILLE, PA, 16335
Website
www.theacademytheatre.orgNTEE Category
Code: A610 - Arts
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