Overview
What is Lambs Players Theatre Endowment Trust?
Lambs Players Theatre Endowment Trust is a nonprofit organization, headquartered in Coronado, California. The primary purpose of this trust is to establish a perpetual endowment fund, benefiting Lamb's Players Theatre. This fund aims to support the theatre's mission of producing, promoting, and presenting live performing arts. The trust's goal is to ensure the Theatre's charitable and educational objectives continue indefinitely.
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What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Lambs Players Theatre Endowment Trust has achieved a remarkable score of 97%, reflecting high standards in accountability and finance. This rating indicates strong governance practices, as evidenced by a fully independent board and the absence of any material diversion of assets. The organization’s fiscal responsibility is further highlighted by a program expense ratio of 96.78%, illustrating that nearly all its expenses are directed towards its mission.
The organization’s commitment to transparency is evident through the presence of essential policies such as conflict of interest, whistleblower, and document retention policies. All required documentation, including board meeting minutes, is properly recorded and accessible, which bolsters trust among stakeholders.
One important aspect of their financial health is the liabilities to assets ratio of 0.00%, signifying that the organization operates without debt. This strong financial positioning facilitates the Endowment Trust's long-term sustainability and enhances its capacity to support the arts effectively. Overall, Lambs Players Theatre Endowment Trust stands out for its exemplary management and commitment to serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lambs Players Theatre Endowment Trust legitimate?
Lambs Players Theatre Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lambs Players Theatre Endowment Trust 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Lambs Players Theatre Endowment Trust?
The Lambs Players Theatre Endowment Trust aims to establish a lasting financial resource for Lamb's Players Theatre. This endowment fund serves to support and foster the production, promotion, and presentation of live performing arts, contributing to the charitable and educational purposes of the theatre. The objective is to ensure the long-term sustainability and growth of Lamb's Players Theatre in its artistic endeavors.
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What is the revenue of Lambs Players Theatre Endowment Trust?
Lambs Players Theatre Endowment Trust's revenue in 2023 was $12,878.
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Who are the executives of Lambs Players Theatre Endowment Trust and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Lambs Players Theatre Endowment Trust
The Lamb's Players Theatre Endowment Trust is an initiative aimed at establishing a lasting endowment fund for the benefit of Lamb's Players Theatre. This fund serves to support the organization in its mission of producing, promoting, and presenting live performing arts. By establishing this endowment, the Lamb's Players Theatre Endowment Trust seeks to contribute to the charitable and educational purposes of Lamb's Players Theatre, ensuring its continued existence and impact in the realm of live performing arts.
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Impact
October, 2024
The Lambs Players Theatre Endowment Trust significantly impacts the performing arts landscape by establishing a permanent endowment fund dedicated to Lamb's Players Theatre. This fund is crucial for ensuring the theatre's ability to produce, promote, and present live performing arts, thereby enhancing cultural offerings in Coronado, CA. By securing financial resources, the trust supports the theatre's charitable and educational initiatives, fostering community engagement and appreciation for the arts. The endowment strengthens the theatre's sustainability, allowing it to continue delivering quality performances and enriching the local cultural environment for years to come.
This information is meant to be a general summary of Lambs Players Theatre Endowment Trust. 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: $12,878
- Gross Receipts: $12,878
Assets and Liabilities:
- Total Assets: $678,845
- Total Liabilities: $0
- Net Assets: $678,845
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Organization Details
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