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The Magnetic Theatre Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274033269 ✦ Asheville, NC ✦ Designated as a 501(c)(3)

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Overview

What is The Magnetic Theatre Inc?

The Magnetic Theatre Inc, as per the provided information, is a nonprofit organization that, unfortunately, does not reveal much about its purpose or activities. The only detail provided is a limited description stating that unregistered users have reached their monthly limit of profile views. Despite this, it can be inferred that The Magnetic Theatre Inc is a nonprofit organization, similar to other entities mentioned earlier, dedicated to contributing positively to society in various ways. However, without further information, it's challenging to provide a comprehensive summary of its mission, activities, or impact.


Official website here: www.themagnetictheatre.org

Is The Magnetic Theatre Inc legitimate?

The Magnetic Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Magnetic Theatre Inc submitted a form 990EZ, 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: $0

For more financial information, click here


Official website here: www.themagnetictheatre.org

What is the mission statement of The Magnetic Theatre Inc?

The Magnetic Theatre Inc does not provide a clear mission statement in the given information. However, it seems that the organization encourages individuals to create a free account to access more profiles, suggesting a focus on connecting people or providing access to information. Without additional details, it's challenging to provide a comprehensive mission statement.


Official website here: www.themagnetictheatre.org

What is the revenue of The Magnetic Theatre Inc?

The Magnetic Theatre Inc's revenue in 2023 was $156,412.


Official website here: www.themagnetictheatre.org

Who are the executives of The Magnetic Theatre Inc and what are their salaries?

Here are 6 key members and their salaries:


Kathryn Jones (Co-Artistic)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Johnson (Co-Artistic)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Phillips (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Awad (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Sullivan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eliza Heath (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.themagnetictheatre.org

Where can I find the form 990EZ for The Magnetic Theatre Inc?

The Magnetic Theatre Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.themagnetictheatre.org

Learn more at the official website: www.themagnetictheatre.org

Mission Statement of The Magnetic Theatre Inc

The Magnetic Theatre Inc, in its mission, does not provide specific details. However, based on the information provided, it seems that the organization has a limit on the number of profile views for unregistered users, encouraging them to create a free account for access to more profiles. This suggests that The Magnetic Theatre Inc might have an online platform or database that requires registration, but without further information, it's challenging to provide a more detailed summary of its mission.

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Impact




October, 2024

The Magnetic Theatre Inc significantly influences the local arts scene in Asheville, NC, by fostering a vibrant cultural environment. It provides a platform for artists, offering opportunities for performances and creative expression. Through its engagement with the community, The Magnetic Theatre plays a crucial role in promoting the appreciation of art and performance, contributing to the city's identity as an artistic hub. By showcasing innovative works and supporting local talent, it enhances the cultural landscape, encourages collaboration among artists, and attracts audiences to the performing arts. This impact not only enriches the community's cultural offerings but also stimulates economic growth through increased tourism and local engagement.




This information is meant to be a general summary of The Magnetic 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.

Revenue
$156,412 (2023)
Expenses
$194,496 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1
  • Program Service Revenue: $111,224
  • Gross Receipts: $156,412

Assets and Liabilities:

  • Total Assets: $78,632
  • Total Liabilities: $565
  • Net Assets: $78,067

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Organization Details

Principal Officer

Jason Phillips

NTEE Category

Code: A65 - Arts

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