Overview
What is Parallel 45 Inc?
Parallel 45 Inc, located in Traverse City, Michigan, is a nonprofit organization that delves into the world of theater. Their mission is to captivate, stimulate intellectual curiosity, and motivate through the staging of innovative works, classic reinterpretations, and creative adaptations. During the last quarter of 2022, they presented "A Christmas Carol in Prose," and in early 2023, they organized 4 winter-spring play readings, involving over 30 local artists. Their activities also include connecting with supporters, stakeholders, artists, and community organizations to raise funds, rebuild staff, and revitalize their festival. Additionally, Parallel 45 Inc offers educational opportunities for aspiring artists with summer and fall classes. The organization has a team of 6 individuals committed to its cause.
Official website here: www.parallel45.org
Is Parallel 45 Inc legitimate?
Parallel 45 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parallel 45 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,905
For more financial information, click here
Official website here: www.parallel45.org
What is the mission statement of Parallel 45 Inc?
Parallel 45 Inc's mission is centered around entertainment and educational enrichment. The organization aims to captivate audiences, stimulate critical thinking, and instill inspiration through the staging of innovative new works, classic plays with a fresh perspective, and imaginative adaptations. Their theatrical presentations serve as a platform to showcase local talent, fostering a creative community. In addition to their performance activities, Parallel 45 Inc also provides training opportunities for aspiring artists through classes in the summer and fall.
Official website here: www.parallel45.org
Who is the CEO of Parallel 45 Inc?
Erin Whiting is the Director of Parallel 45 Inc.
Official website here: www.parallel45.org
What is the revenue of Parallel 45 Inc?
Parallel 45 Inc's revenue in 2023 was $196,634.
Official website here: www.parallel45.org
Who are the executives of Parallel 45 Inc and what are their salaries?
The average compensation at Parallel 45 Inc during 2023 was $15,651. There are 6 employees at Parallel 45 Inc.
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Official website here: www.parallel45.org
Where can I find the form 990 for Parallel 45 Inc?
Parallel 45 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parallel45.org
Learn more at the official website: www.parallel45.org
Mission Statement of Parallel 45 Inc
Parallel 45 Inc, a theatrical organization, is committed to stimulating entertainment, fostering critical thinking, and sparking inspiration. They achieve this by showcasing innovative presentations of new works, reimagined classics, and creative adaptations on stage. Their mission is to engage audiences and artists alike in thought-provoking productions that challenge perspectives and ignite imagination. Throughout the year, they produce a variety of plays, including their popular holiday production of A Christmas Carol in Prose, and provide opportunities for local artists to showcase their talents. Additionally, Parallel 45 Inc offers educational programs for aspiring artists through summer and fall classes, furthering their mission of nurturing and inspiring the next generation of theatrical creators.
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Impact
October, 2024
Parallel 45 Inc exerts a significant impact on the Traverse City community through its diverse artistic endeavors and community engagement initiatives. By presenting theatrical expressions that encompass new works, reinvented classics, and imaginative adaptations, the organization stimulates critical thought and inspires audiences and participants alike.
In December 2022, Parallel 45 Theatre's production of "A Christmas Carol in Prose" showcased its commitment to quality theatrical experiences. Additionally, early 2023 saw the production of four winter-spring play readings, involving over 30 local artists and providing valuable opportunities for collaboration and creative expression. This not only highlights the organization's dedication to the arts but also strengthens the local creative community.
Parallel 45’s efforts to connect with supporters, stakeholders, and other community organizations demonstrate its role in fostering a vibrant arts culture in Traverse City. The organization’s fundraising initiatives and commitment to rebuilding staff are crucial to sustaining and enhancing its future offerings. Furthermore, the education programs, including summer and fall classes for aspiring artists, empower individuals in the community and contribute to the development of local talent.
By entertaining, encouraging critical thought, and inspiring creativity, Parallel 45 Inc plays a vital role in enriching the cultural landscape of Traverse City, making theater accessible and engaging for both artists and audiences.
This information is meant to be a general summary of Parallel 45 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 2023.
- Program Service Revenue: $36,179
- Gross Receipts: $196,634
Assets and Liabilities:
- Total Assets: $73,047
- Total Liabilities: $74,324
- Net Assets: -$1,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Advertising Revenue
Revenue
$4,021
Concession Sales
Revenue
$9,880
Education Tuition
Revenue
$10,659
Ticket Sales
Revenue
$11,619
Organization Details
Founding Year
2008
Phone
(231) 620-0771Principal Officer
Erin Whiting
Main Address
PO Box 1829, Traverse City, MI, 49685
Website
www.parallel45.orgNTEE Category
Code: A60 - Arts
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