Overview
What is Playhouse Theatre Group Inc?
Playhouse Theatre Group Inc, situated in West Hartford, Connecticut, is a nonprofit organization with a mission to deliver top-notch entertainment and educational opportunities. With a team of 130 dedicated individuals, they strive to make high-quality shows accessible to a wide audience while also offering educational programs and outreach for local artists and educators. Furthermore, they collaborate with other arts organizations to foster a thriving arts community.
Official website here: www.playhouseonpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%
Playhouse Theatre Group Inc has received a low rating of 29%, which translates to a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the organization’s financial accountability and transparency. While the charity has maintained a fully independent board with a total of 17 members, it has not provided essential financial statements and lacks several critical policies, such as those regarding conflict of interest and whistleblower protections.
Despite having some strengths, such as no material diversion of assets and maintaining meeting minutes, the absence of financial documentation raises serious questions about its fiscal health. The liabilities to assets ratio is notably high at 309.36%, which suggests that the organization may be over-leveraged. Furthermore, a program expense ratio of 49.21% indicates that less than half of its expenditures are directed towards its programs, which may be a concern for potential donors.
Overall, while Playhouse Theatre Group Inc benefits from an independent board structure, the lack of transparency in financial reporting and compliance with governance best practices are significant weaknesses that need to be addressed for the organization to improve its rating and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Playhouse Theatre Group Inc legitimate?
Playhouse Theatre Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Playhouse Theatre Group 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: $63,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,045,734
For more financial information, click here
Official website here: www.playhouseonpark.org
What is the mission statement of Playhouse Theatre Group Inc?
The Playhouse Theatre Group Inc's mission aims to offer high-quality entertainment to a wide audience at affordable prices. Additionally, it strives to offer educational and outreach opportunities for budding artists and educators within the community. Lastly, the group collaborates with other arts organizations to foster a thriving artistic landscape.
Official website here: www.playhouseonpark.org
What is the revenue of Playhouse Theatre Group Inc?
Playhouse Theatre Group Inc's revenue in 2024 was $1,581,082.
Official website here: www.playhouseonpark.org
Who are the executives of Playhouse Theatre Group Inc and what are their salaries?
The average compensation at Playhouse Theatre Group Inc during 2024 was $7,859.
Here are 20 key members and their salaries:
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Official website here: www.playhouseonpark.org
Where can I find the form 990 for Playhouse Theatre Group Inc?
Playhouse Theatre Group Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.playhouseonpark.org
Learn more at the official website: www.playhouseonpark.org
Mission Statement of Playhouse Theatre Group Inc
Playhouse Theatre Group Inc is dedicated to providing high-quality entertainment at affordable prices, aiming to reach as wide an audience as possible. Beyond entertainment, the organization also offers opportunities for emerging and community artists and educators to grow and showcase their talents. Furthermore, Playhouse Theatre Group Inc collaborates with other arts organizations, fostering a network of artistic growth and development. By providing quality entertainment, educational classes, and outreach opportunities, Playhouse Theatre Group Inc contributes to the artistic landscape, nurturing both seasoned and budding talents.
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Impact
October, 2024
Playhouse Theatre Group Inc has a significant impact on the local community and the broader arts landscape by providing accessible, high-quality entertainment that caters to a wide audience. By focusing on affordability, it ensures that diverse groups can enjoy the performing arts, breaking down economic barriers to cultural engagement.
In addition to entertainment, the organization plays a crucial role in education and outreach. By offering opportunities for emerging artists and educators, it fosters talent development and supports the growth of the local arts community. Collaborative efforts with other arts organizations further enrich the cultural offerings in the area, creating a vibrant network of creativity and collaboration.
Overall, Playhouse Theatre Group Inc enriches West Hartford, CT, by promoting artistic expression, community involvement, and educational growth, making a lasting impact on both individuals and the community as a whole.
This information is meant to be a general summary of Playhouse Theatre Group 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 2024.
- Investment Income: $6,500
- Program Service Revenue: $656,793
- Gross Receipts: $1,583,599
Assets and Liabilities:
- Total Assets: $55,942
- Total Liabilities: $173,065
- Net Assets: -$117,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket sales
Revenue
$551,346
Class sales
Revenue
$105,447
Organization Details
Founding Year
2009
Principal Officer
Peter Evans
Website
www.playhouseonpark.orgNTEE Category
Code: A65 - Arts
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