Overview
What is The Producers Inc?
The Producers Inc is a nonprofit organization situated in Louisville, Kentucky, at 1517 South Second Street, 40208. Their primary mission is to enhance the educational experience at the Youth Performing Arts School by providing substantial financial support for classroom learning and production expenses that are not covered in the school's budget. The organization awards scholarships to graduating students interested in pursuing the arts through traditional and non-traditional routes. A bonus scholarship of USD 500 is given to the student scoring the highest during the full interview and application process. By offering this financial aid, The Producers Inc aims to ensure that gifted and talented students have the opportunity to fully develop their skills and excel artistically and academically.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.
The Producers Inc received a low score of 34% in its Accountability & Finance category, resulting in a Zero-Star rating. This rating indicates significant concerns regarding the organization's financial management and transparency practices. Notably, the organization lacks independent board members, which can raise questions about governance and oversight.
While the charity has listed important policies like conflict of interest, whistleblower protections, and document retention, it falls short in several critical areas. It does not have a website listed on its tax form, nor does it post its Tax Form 990 on its website, which are essential for transparency. Furthermore, the program expense ratio is only at 42.79%, suggesting that a smaller proportion of its funding is being directed towards program activities.
Despite the absence of material diversion of assets, the overall financial practices and governance structure of The Producers Inc appear to require significant improvement to enhance accountability and build trust with potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Producers Inc legitimate?
The Producers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Producers 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Producers Inc?
The Producers Inc's mission is to enhance the experience at a youth performing arts school by providing financial support for classroom learning and production expenses that are not covered in the school's budget. This mission aims to ensure that the gifted and talented students at the school have the opportunity to fully develop their skills artistically and academically. The organization aims to support these students in excelling in their artistic pursuits. By providing substantial programmatic and material support, The Producers Inc seeks to contribute to the overall growth and success of the students at the performing arts school.
What is the revenue of The Producers Inc?
The Producers Inc's revenue in 2023 was $101,670.
Who are the executives of The Producers Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990EZ for The Producers Inc?
The Producers Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of The Producers Inc
The Producers Inc, as a nonprofit organization, strives to enhance the overall experience of students at a Youth Performing Arts School. This is accomplished by providing substantial financial support for classroom learning and production expenses that are not included in the school's budget. The mission of The Producers Inc is to ensure that gifted and talented students at the school have the opportunity to fully develop their skills artistically and academically. By offering financial support, these students are given the necessary resources to excel in their artistic pursuits, providing them with a well-rounded educational experience.
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Impact
August, 2024
The Producers Inc enhances the student experience at the Youth Performing Arts School in Louisville, Kentucky by providing substantial programmatic and material support for classroom learning and production expenses that are not included in the school's budget. Additionally, the organization awards scholarships to graduating students from YPAS who are interested in pursuing the arts through traditional and non-traditional routes. A bonus scholarship of $500 is awarded to the student scoring the highest during the full interview and application process. Through these initiatives, The Producers Inc ensures that gifted and talented students have the opportunity to fully develop their skills and excel artistically and academically in the field of arts.
This information is meant to be a general summary of The Producers 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 2023.
- Investment Income: $10,707
- Gross Receipts: $111,675
Assets and Liabilities:
- Total Assets: $336,465
- Total Liabilities: $0
- Net Assets: $336,465
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Organization Details
Founding Year
1979
Principal Officer
Lana Toler
NTEE Category
Code: A6E - Arts
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