Overview
What is Soho Playhouse Inc?
Soho Playhouse Inc is a nonprofit organization that actively supports and produces Off-Broadway theatre. Their primary mission is to promote this genre by showcasing new productions sourced from international festivals and sustaining their existing series. This strategic approach has helped them retain their audience and contribute to the Off-Broadway theatre scene. By offering a platform for these productions, Soho Playhouse Inc plays a significant role in enriching the theatrical landscape.
Official website here: www.sohoplayhouse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Soho Playhouse Inc has received a low score of 56% from Charity Navigator, indicating significant issues in governance and financial oversight. The organization has 0% independent board members, which raises concerns about its accountability. While it has demonstrated a strong program expense ratio of 93.73%, suggesting that the majority of its expenses go directly towards its mission, the liabilities to assets ratio is alarmingly high at 272.08%.
Strengths of the organization include its adherence to conflict of interest policies and the proper listing of its website on tax forms, both scoring full points in their respective categories. Moreover, there have been no reported material diversions of assets, which indicates sound financial management in that area. However, critical documents such as board meeting minutes and policies on whistleblower procedures are missing, which could undermine the governance framework.
The nonprofit's overall financial health appears to be a concern, particularly given the high liabilities to assets ratio, which suggests that the organization may be over-leveraged. Without independent oversight and missing essential documents, stakeholders may find it challenging to trust the organization fully. For potential donors and supporters, these factors warrant careful consideration before engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Soho Playhouse Inc legitimate?
Soho Playhouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soho Playhouse 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: $161,133
For more financial information, click here
Official website here: www.sohoplayhouse.com
What is the mission statement of Soho Playhouse Inc?
Soho Playhouse Inc's mission is centered around promoting Off-Broadway theatre. They achieve this by increasing their operations to present new productions from international festivals and continuing their other series. This strategy helps in maintaining their audience. The organization also supports and produces Off-Broadway theatre, with the primary goal of promoting this unique form of theatre.
Official website here: www.sohoplayhouse.com
What is the revenue of Soho Playhouse Inc?
Soho Playhouse Inc's revenue in 2022 was $867,781.
Official website here: www.sohoplayhouse.com
Who are the executives of Soho Playhouse Inc and what are their salaries?
The average compensation at Soho Playhouse Inc during 2022 was $20,142. There are 8 employees at Soho Playhouse Inc.
Here are 5 key members and their salaries:
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Official website here: www.sohoplayhouse.com
Where can I find the form 990 for Soho Playhouse Inc?
Soho Playhouse Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sohoplayhouse.com
Learn more at the official website: www.sohoplayhouse.com
Mission Statement of Soho Playhouse Inc
Soho Playhouse Inc, a prominent entity in the world of theater, is committed to advancing Off-Broadway productions. Their mission revolves around two key aspects: supporting and producing Off-Broadway theater, and promoting this unique artistic realm. To accomplish this, Soho Playhouse Inc amplifies its operations by showcasing new productions sourced from international festivals. Additionally, it continues to foster its other series, thereby preserving its audience base. The organization's primary goal is to champion Off-Broadway theater, providing a platform for innovative and diverse artistic expressions.
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Impact
October, 2024
Soho Playhouse Inc has a significant impact on the cultural landscape of New York City by promoting and supporting Off-Broadway theatre. Through its commitment to showcasing new productions from international festivals and curating a diverse array of performances, Soho Playhouse enriches the local arts scene and provides a platform for emerging and established artists. This effort not only enhances the variety of theatrical offerings available to audiences but also fosters a sense of community among theatregoers, thereby maintaining and expanding its audience base. By championing Off-Broadway works, Soho Playhouse plays a crucial role in sustaining the vibrant arts ecosystem that defines New York.
This information is meant to be a general summary of Soho Playhouse 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: $760,903
- Gross Receipts: $867,781
Assets and Liabilities:
- Total Assets: $82,807
- Total Liabilities: $225,306
- Net Assets: -$142,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Off Broadway Theatre
Revenue
$760,903
Organization Details
Founding Year
2014
Principal Officer
Darren Lee Cole
Website
www.sohoplayhouse.comNTEE Category
Code: A20 - Arts
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