Overview
What is State Theatre Of Ithaca Inc?
State Theatre Of Ithaca Inc, established in Ithaca, New York, serves as a vibrant cultural hub for the community and the surrounding Finger Lakes region. With a mission to enrich lives through entertainment, the organization operates as an active venue for presenting a wide array of national, international, and local performances and programming. The nonprofit's activities primarily involve sponsorship, ticket sales, and advertising to support these events. State Theatre Of Ithaca Inc employs a team of nine dedicated individuals, working tirelessly to preserve and promote this historic theatre as a beacon of artistic expression and enjoyment for its residents.
Official website here: www.stateofithaca.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star Rating)
The State Theatre of Ithaca Inc has earned a Three-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scored exceptionally well in various areas, including having 100% independent board members and a comprehensive audit and oversight committee. These factors contribute to a robust governance structure, which is crucial for building donor trust.
However, while the organization demonstrates a solid accountability score, there are areas for improvement, particularly regarding its financial ratios. The program expense ratio stands at 59.71%, suggesting that a relatively smaller portion of its budget is directed towards programs compared to administrative costs. Additionally, the liabilities to assets ratio of 56.03% indicates a moderate level of financial leverage that potential donors may want to consider.
Overall, the State Theatre of Ithaca Inc showcases effective governance practices and accountability, making it a reliable choice for donors interested in supporting the arts. However, ongoing attention to financial management and program funding will help enhance its impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is State Theatre Of Ithaca Inc legitimate?
State Theatre Of Ithaca Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Theatre Of Ithaca 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: $77,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $317,843
For more financial information, click here
Official website here: www.stateofithaca.org/
What is the mission statement of State Theatre Of Ithaca Inc?
The State Theatre of Ithaca Inc's mission is focused on enriching the cultural scene. By preserving, operating, and promoting the theater as a vibrant stage for both local and international performances, it seeks to contribute to the cultural life of a broader community beyond Ithaca. The organization's primary aim is to present a variety of high-quality entertainment, aiming to positively impact the lives of its audience. This is achieved through sponsorship, ticket sales, and advertising for the theater's performances. The State Theatre of Ithaca Inc serves as a hub for diverse artistic expressions, thereby fostering a sense of community and shared experiences.
Official website here: www.stateofithaca.org/
Who is the CEO of State Theatre Of Ithaca Inc?
Fred Bonn is the Director of State Theatre Of Ithaca Inc.
Official website here: www.stateofithaca.org/
What is the revenue of State Theatre Of Ithaca Inc?
State Theatre Of Ithaca Inc's revenue in 2022 was $1,377,500.
Official website here: www.stateofithaca.org/
Who are the executives of State Theatre Of Ithaca Inc and what are their salaries?
The average compensation at State Theatre Of Ithaca Inc during 2022 was $43,889. There are 9 employees and 15 volunteers at State Theatre Of Ithaca Inc.
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Official website here: www.stateofithaca.org/
Where can I find the form 990 for State Theatre Of Ithaca Inc?
State Theatre Of Ithaca Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stateofithaca.org/
Learn more at the official website: www.stateofithaca.org/
Mission Statement of State Theatre Of Ithaca Inc
State Theatre of Ithaca Inc is committed to enriching the cultural landscape of its community and the Finger Lakes region. Their mission is twofold: firstly, they strive to preserve, operate, and promote the organization as a vibrant venue for a diverse range of national, international, and local performances and programming. Secondly, they aim to present top-quality entertainment in various formats, enhancing the lives of the residents of Ithaca and beyond. This is achieved through various means such as sponsorship, ticket sales, and advertising for the performances presented at the State Theatre.
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Impact
October, 2024
The State Theatre of Ithaca Inc. significantly enriches the cultural landscape of Ithaca and the Finger Lakes region. By preserving and operating a historic venue, it stands as a beacon of artistic expression, hosting a diverse array of national and international performances. This organization actively promotes community engagement through a well-rounded programming strategy, featuring everything from concerts and theatrical productions to educational events.
The theatre not only brings top-quality entertainment to the area but also enhances the quality of life for residents, fostering a sense of community and belonging. Through sponsorships, ticket sales, and advertising for performances, the State Theatre plays a vital role in supporting local and emerging artists while attracting visitors from surrounding areas, thereby contributing to the economic vitality of the region. Its commitment to cultural enhancement positions it as a pivotal player in preserving the artistic heritage and encouraging vibrant creative expression that resonates with all demographics.
This information is meant to be a general summary of State Theatre Of Ithaca 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.
- Investment Income: $60
- Program Service Revenue: $485,789
- Gross Receipts: $1,377,500
Assets and Liabilities:
- Total Assets: $1,467,222
- Total Liabilities: $844,826
- Net Assets: $622,396
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHOW INCOME
Revenue
$235,148
CONCESSIONS
Revenue
$155,706
TICKET SALES
Revenue
$92,135
SPONSORSHIP INCOME
Revenue
$2,800
Organization Details
Founding Year
2009
Phone
(607) 277-8283Principal Officer
Fred Bonn
Main Address
105 WEST STATE STREET, ITHACA, NY, 14850
Website
www.stateofithaca.org/NTEE Category
Code: A20 - Arts
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