Overview
What is Brooklyn Acting Lab Inc?
Brooklyn Acting Lab Inc, established in 2011, is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to foster creativity and talent in the arts by developing innovative theatrical productions that mirror our multicultural world. They achieve this by offering comprehensive arts education for both children and adults. Additionally, they collaborate with schools and community-based organizations to provide engaging arts programs, performances, and events. Through these collaborations, they aim to share ideas and work with artists on a national and international level. The organization employs a team of 5 individuals dedicated to this mission.
Official website here: www.brooklynactinglab.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Brooklyn Acting Lab Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 58%, the organization has room for improvement, particularly in governance and board independence. The charity has only 33% of its board members being independent, which raises questions about oversight and decision-making processes.
On a positive note, Brooklyn Acting Lab demonstrates a strong commitment to program expenses, with an impressive program expense ratio of 81.80%. This suggests that a substantial portion of its funds is dedicated to fulfilling its mission. Moreover, it has no reported material diversion of assets and maintains policies related to conflict of interest, which are important for operational integrity.
However, the nonprofit falls short in several key areas, such as the absence of a whistleblower policy and a document retention policy, both vital for transparency and accountability. Additionally, the charity's liabilities to assets ratio of 74.87% is a concern, suggesting financial instability. Furthermore, the lack of publicly available tax forms on its website limits transparency for donors and stakeholders. Overall, while Brooklyn Acting Lab shows dedication to its programs, it faces significant challenges that need to be addressed for improved governance and financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Brooklyn Acting Lab Inc legitimate?
Brooklyn Acting Lab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn Acting Lab 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: $258,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,676
For more financial information, click here
Official website here: www.brooklynactinglab.org/
What is the mission statement of Brooklyn Acting Lab Inc?
Brooklyn Acting Lab Inc, established in 2011, focuses on creating innovative theatrical productions that mirror the diverse global community. The organization's primary objective is to nurture talent by offering comprehensive arts training for both children and adults. Brooklyn Acting Lab collaborates with schools and community-based organizations, providing arts-in-education programs, performances, and events. They actively engage in exchanging work and ideas with artists from various parts of the nation and internationally, fostering a collaborative environment in the performing arts.
Official website here: www.brooklynactinglab.org/
Who is the CEO of Brooklyn Acting Lab Inc?
Kristen Lynch is the Secretary & Ceo of Brooklyn Acting Lab Inc. The CEO's salary of Brooklyn Acting Lab Inc is $129,000 and their total compensation is $129,000.
Official website here: www.brooklynactinglab.org/
What is the revenue of Brooklyn Acting Lab Inc?
Brooklyn Acting Lab Inc's revenue in 2022 was $914,583.
Official website here: www.brooklynactinglab.org/
Who are the executives of Brooklyn Acting Lab Inc and what are their salaries?
The average compensation at Brooklyn Acting Lab Inc during 2022 was $59,335. There are 5 employees at Brooklyn Acting Lab Inc.
Here are 3 key members and their salaries (Brooklyn Acting Lab Inc's CEO's salary is $129,000 and their total compensation is $129,000):
- Compensation: $129,000
- Related: $0
- Other: $0
- Compensation: $129,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brooklynactinglab.org/
Where can I find the form 990 for Brooklyn Acting Lab Inc?
Brooklyn Acting Lab Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brooklynactinglab.org/
Learn more at the official website: www.brooklynactinglab.org/
Mission Statement of Brooklyn Acting Lab Inc
Brooklyn Acting Lab, an organization established in February 2011, is dedicated to crafting thought-provoking theatrical productions that echo the rich tapestry of our diverse global society. Beyond this, the organization is committed to fostering talent through extensive arts education programs designed for children and adults. Brooklyn Acting Lab collaborates with various schools and community organizations, offering arts-based educational initiatives, performances, and events. This collaborative approach allows the organization to engage in a dynamic exchange of ideas and work with artists from around the nation and beyond, enriching its own artistic endeavors.
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Impact
October, 2024
Brooklyn Acting Lab Inc has a profound impact on the local and broader community through its commitment to innovative theatrical creation and comprehensive arts training. By fostering diverse narratives in the arts, they reflect the vibrant tapestry of the global community, providing a platform for underrepresented voices to be heard and celebrated.
Their collaboration with schools and community organizations enhances arts education, ensuring that both children and adults have access to high-quality training and experiential learning in the performing arts. This nurturing environment not only develops talent but also promotes creativity and self-expression among participants. Through performances and events, Brooklyn Acting Lab serves as a bridge between artists and audiences, facilitating meaningful exchanges and collaborations that enrich the cultural landscape.
By engaging with artists both nationally and internationally, the organization not only elevates local artistry but also contributes to a global dialogue in the performing arts, making a lasting impression on the artistic community and the individuals it serves.
This information is meant to be a general summary of Brooklyn Acting Lab 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: $911,898
- Gross Receipts: $914,583
Assets and Liabilities:
- Total Assets: $934,852
- Total Liabilities: $699,944
- Net Assets: $234,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$911,898
Organization Details
Founding Year
2011
Phone
(718) 238-8383Principal Officer
Kristen Lynch
Main Address
1012 8th Ave, BROOKLYN, NY, 11215
Website
www.brooklynactinglab.org/NTEE Category
Code: A65 - Arts
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