Overview
What is Los Angeles Theatre Academy Inc?
Los Angeles Theatre Academy Inc, a public charity, is situated in the heart of Los Angeles, California, specifically at 1544 N Boylston Street. Their primary focus revolves around education and the arts, offering various support services, performances, and field trips. They also provide a platform for developing new works and offer rehearsal, meeting, and all-season camp facilities. The Academy's mission encompasses these aspects, aiming to foster a nurturing environment for arts education and community engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Los Angeles Theatre Academy Inc has received a solid Three-Star rating, reflecting its strong performance in accountability and finance. The charity demonstrates a high level of transparency and governance, with a majority of its board members being independent. Key indicators of financial health include a low liabilities-to-assets ratio and an impressive program expense ratio of 98.63%, suggesting that nearly all of its funding is directed towards its programs.
The organization excels in maintaining thorough documentation and governance practices, such as posting tax forms on its website and documenting board meeting minutes. A lack of material diversion of assets further emphasizes its commitment to responsible financial management. However, the overall rating is based solely on one beacon score, indicating that while financial accountability is strong, additional factors such as program impact and community feedback were not assessed in this rating.
Overall, the financial health and governance of the Los Angeles Theatre Academy Inc appear to be solid, contributing positively to its operational integrity. However, potential donors and supporters might seek more comprehensive evaluations that include programmatic effectiveness and community impact to gain a fuller picture of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Theatre Academy Inc legitimate?
Los Angeles Theatre Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Theatre Academy 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: $118,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Los Angeles Theatre Academy Inc?
The Los Angeles Theatre Academy Inc is dedicated to providing education support services and fostering arts education. Their mission encompasses delivering performances, organizing field trips, and offering facilities for rehearsals and meetings. Additionally, they provide all-season camps, contributing to the development of works and offering educational support. In essence, the Los Angeles Theatre Academy Inc aims to engage and educate through arts, performances, and interactive programs.
Who is the CEO of Los Angeles Theatre Academy Inc?
Teresa Sanchez is the President of Los Angeles Theatre Academy Inc.
What is the revenue of Los Angeles Theatre Academy Inc?
Los Angeles Theatre Academy Inc's revenue in 2022 was $174,859.
Who are the executives of Los Angeles Theatre Academy Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Los Angeles Theatre Academy Inc?
Los Angeles Theatre Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles Theatre Academy Inc
Los Angeles Theatre Academy Inc is dedicated to delivering education support services and fostering an interest in the arts. Their mission encompasses providing performances, organizing field trips, and offering rehearsal and meeting spaces. The organization also extends its services beyond the stage, with a focus on all-season camps, thereby catering to a wide range of artistic interests and development. Through their initiatives, Los Angeles Theatre Academy Inc aims to both educate and entertain, providing a platform for artistic growth and development for its participants.
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Impact
October, 2024
Los Angeles Theatre Academy Inc significantly contributes to the educational landscape by providing comprehensive arts education and support services. It offers a variety of performances and field trips that enhance students' exposure to the performing arts, allowing them to engage with and appreciate diverse artistic expressions.
The academy also facilitates rehearsals and meetings, providing a structured environment for collaboration and creativity. Its all-season camps are designed to immerse participants in the arts, fostering talent development and encouraging artistic exploration. Through these initiatives, Los Angeles Theatre Academy Inc plays a vital role in nurturing the next generation of artists and enriching the cultural fabric of the community.
This information is meant to be a general summary of Los Angeles Theatre Academy 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.
- Program Service Revenue: $141,389
- Gross Receipts: $174,859
Assets and Liabilities:
- Total Assets: $142,710
- Total Liabilities: $0
- Net Assets: $142,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Registratio
Revenue
$141,389
Organization Details
Founding Year
2008
Principal Officer
Teresa Sanchez
Main Address
1544 N BOYLSTON ST, LOS ANGELES, CA, 90012
NTEE Category
Code: A25 - Arts
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