Overview
What is The President Theatre Inc?
The President Theatre Inc, located in Manchester, Georgia, is a nonprofit organization with a focus on restoring and preserving a historic community theatre. After a complete restoration, the theatre now presents live performances. With a modest workforce of one employee, this organization is dedicated to maintaining the rich cultural heritage of Manchester by bringing back the charm of the old theatre.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that The President Theatre Inc has a moderate level of accountability and financial health, reflecting areas where the organization performs well and others needing improvement.
One of the organization's strengths lies in its governance structure, with 88% of its board members being independent, demonstrating a commitment to strong oversight. Additionally, it has a high program expense ratio of 92.42%, indicating that a significant portion of expenses is directed toward its programs rather than administrative costs. The organization also shows no material diversion of assets, which speaks to its integrity in managing funds.
However, despite these strengths, the Two-Star rating suggests that there are areas for improvement in overall financial health and transparency. While the organization scores well in accountability metrics, stakeholders may want to look for more robust performance indicators to enhance confidence in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The President Theatre Inc legitimate?
The President Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The President Theatre 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: $13,500
For more financial information, click here
What is the mission statement of The President Theatre Inc?
The mission of The President Theatre Inc is centered around the restoration and preservation of a historic community theater. This organization aims to breathe new life into the theatre, ensuring its continued existence and relevance. Currently, the restored building is hosting performances, showcasing its restored splendor to the community. The theater's mission serves to safeguard cultural heritage and provide an entertainment venue for the local community.
What is the revenue of The President Theatre Inc?
The President Theatre Inc's revenue in 2023 was $72,492.
Who are the executives of The President Theatre Inc and what are their salaries?
The average compensation at The President Theatre Inc during 2023 was $13,500. There is 1 employee and 20 volunteers at The President Theatre Inc.
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Where can I find the form 990 for The President Theatre Inc?
The President Theatre Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The President Theatre Inc
The President Theatre Inc, a notable organization, is committed to restoring and preserving a historic community theatre in an undisclosed location. Their mission is centered around revitalizing this historical building, ensuring it maintains its original charm and serves as a cultural hub within its community. Currently, performances are being held within the fully restored theatre, showcasing the successful completion of their restoration project.
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Impact
October, 2024
The President Theatre Inc. plays a vital role in revitalizing Manchester, Georgia, through the restoration and preservation of its historic community theatre. By successfully restoring the building, it has created a cultural hub that enriches the local community by providing a venue for performances, fostering artistic expression, and enhancing community engagement. This initiative serves not only to celebrate the town's history but also to attract residents and visitors alike, contributing to the overall vibrancy and improvement of the Manchester community. The theatre's presence encourages local talent, strengthens social ties, and boosts economic activity in the area, making it a cornerstone of community enhancement.
This information is meant to be a general summary of The President Theatre 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.
- Investment Income: $124
- Program Service Revenue: $31,788
- Gross Receipts: $72,492
Assets and Liabilities:
- Total Assets: $1,010,777
- Total Liabilities: $0
- Net Assets: $1,010,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE
Revenue
$31,788
Organization Details
Principal Officer
Honour Hendricks
NTEE Category
Code: S50 - Community improvement
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