Overview
What is 1st Stage Inc?
1st Stage Inc, located in McLean, Virginia, is a distinguished nonprofit organization dedicated to theater productions and artist development. In the fiscal year ending June 30, 2022, they showcased live performances and offered numerous online classes, readings, and recordings. Their mission focuses on presenting substantial texts, aiming to provide meaningful experiences for both audiences and artists. They strive to be the cultural center of the Tysons region, committed to nurturing local talent, both established and emerging. With a team of six individuals, 1st Stage Inc has earned recognition as one of America's most impressive small regional companies, as acknowledged by The Wall Street Journal in 2016.
Official website here: www.1ststage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
1st Stage Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88% based on its Accountability & Finance metrics. The organization excels in areas such as having a majority of independent board members and maintaining a strong program expense ratio of 87.18%. These factors indicate a commitment to transparency and financial health.
The nonprofit's board governance is also commendable, as it boasts a fully independent board with effective oversight mechanisms in place. The financial statements show no material diversion of assets, and essential policies such as conflict of interest are appropriately documented. This level of accountability indicates a strong operational foundation.
However, there are some areas where the organization falls short, notably the absence of a whistleblower policy and document retention policies. While these limitations do not heavily impact the overall financial rating, they suggest room for improvement in governance practices. Overall, 1st Stage Inc demonstrates a commitment to effective resource management and accountability, making it a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is 1st Stage Inc legitimate?
1st Stage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1st Stage 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $78,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,732
For more financial information, click here
Official website here: www.1ststage.org
What is the mission statement of 1st Stage Inc?
1st Stage Inc's mission is centered around the belief that robust communities necessitate quality art. They are committed to serving as the cultural hub, fostering the performance of significant texts that offer depth for both audiences and artists. The organization is dedicated to nurturing a creative space for talented artists, both established and emerging, providing them with resources to develop and showcase their best work in an intimate setting that amplifies the full potential of theatre, stirring the mind, heart, and soul.
Official website here: www.1ststage.org
Who is the CEO of 1st Stage Inc?
Jack Wilbern is the President of 1st Stage Inc.
Official website here: www.1ststage.org
What is the revenue of 1st Stage Inc?
1st Stage Inc's revenue in 2022 was $1,024,104.
Official website here: www.1ststage.org
Who are the executives of 1st Stage Inc and what are their salaries?
The average compensation at 1st Stage Inc during 2022 was $49,168. There are 6 employees and 45 volunteers at 1st Stage Inc.
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- Compensation: $78,275
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Official website here: www.1ststage.org
Where can I find the form 990 for 1st Stage Inc?
1st Stage Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1ststage.org
Learn more at the official website: www.1ststage.org
Mission Statement of 1st Stage Inc
1st Stage Inc, a renowned theater organization, is deeply committed to being the cultural center of its community. It believes that great art plays a significant role in fostering thriving communities and has made it its mission to promote this belief. The nonprofit is dedicated to showcasing substantial texts through live performances, online classes, readings, and recordings. Its commitment extends beyond the stage, as it strives to create a nurturing environment for talented artists, both established and emerging. By providing these artists with necessary resources, 1st Stage Inc enables them to develop and present their best work in an intimate setting. This unique environment not only unleashes the full magic of theater but also stimulates the mind, heart, and soul of its audience.
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Impact
October, 2024
1st Stage Inc has a profound impact on the cultural landscape of the Tysons region, reinforcing the belief that great communities thrive on great art. Through extensive theater productions that emphasize substantial texts, 1st Stage not only entertains but also engages audiences on a deeper intellectual and emotional level. The organization has gained recognition for its artistic excellence, having been honored by prestigious institutions such as The Wall Street Journal and receiving multiple awards, including Helen Hayes and Broadway World Awards.
In the fiscal year ending June 30, 2022, 1st Stage showcased a variety of live performances while also expanding its reach with online classes, readings, and recordings, thus making theater more accessible to a wider audience. This commitment to artistic development is complemented by the organization's dedication to nurturing both established and emerging talent, providing a platform where artists can thrive in an intimate setting. With a focus on creating a vibrant cultural hub, 1st Stage Inc fosters a community that appreciates and actively participates in the transformative power of the arts.
This information is meant to be a general summary of 1st Stage 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: $5,402
- Program Service Revenue: $106,566
- Gross Receipts: $1,029,769
Assets and Liabilities:
- Total Assets: $1,521,150
- Total Liabilities: $20,393
- Net Assets: $1,500,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$103,667
SEMESTER CLASSES
Revenue
$1,651
CONCESSION SALES
Revenue
$748
ADVERTISING
Revenue
$500
Organization Details
Founding Year
2007
Phone
(703) 854-1856Principal Officer
Jack Wilbern
Main Address
PO BOX 9384, MCLEAN, VA, 22102
Website
www.1ststage.orgNTEE Category
Code: A65 - Arts
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