Overview
What is Magical Theatre Company?
The Magical Theatre Company serves as a not-for-profit organization, dedicated to the education and entertainment of young audiences and families. Acting as a resident and touring resource, they leverage live theatre performances to foster learning, growth, and civic engagement. They operate with a mission to provide an enriched educational experience, utilizing their unique platform to promote development and active participation in community affairs.
Official website here: www.magicaltheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%)
Magical Theatre Company holds a two-star rating from Charity Navigator, indicating areas where the organization could enhance its accountability and overall financial practices. While the company scored well in its culture and community aspects, achieving a perfect score of 100%, its accountability and finance score stands at 69%, highlighting some concerns related to governance and policy documentation.
The organization demonstrates strengths in its board composition, with 75% of board members being independent and a good track record in asset management, having reported no material diversion of assets. However, it lacks essential governance policies, including a conflict of interest policy and guidelines for whistleblower protection, which are critical for ensuring transparency and ethical operation.
Additionally, while the organization excels in collecting and using feedback from its community, challenges remain in garnering responses, which may hinder further improvements and engagement. Addressing these limitations could help enhance the organization's rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Magical Theatre Company legitimate?
Magical Theatre Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magical Theatre Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,078
For more financial information, click here
Official website here: www.magicaltheatre.org
What is the mission statement of Magical Theatre Company?
The Magical Theatre Company, functioning as a not-for-profit organization, serves as an educational and entertaining resource for young audiences and families. Its primary focus is on providing enhanced learning and growth opportunities, as well as fostering civic engagement. Through live theatre performances, this company aims to engage its audience in a unique and interactive learning experience.
Official website here: www.magicaltheatre.org
Who is the CEO of Magical Theatre Company?
Tim Papp is the Bd President of Magical Theatre Company.
Official website here: www.magicaltheatre.org
What is the revenue of Magical Theatre Company?
Magical Theatre Company's revenue in 2022 was $662,330.
Official website here: www.magicaltheatre.org
Who are the executives of Magical Theatre Company and what are their salaries?
The average compensation at Magical Theatre Company during 2022 was $6,270. There are 4 employees and 12 volunteers at Magical Theatre Company.
Here are 7 key members and their salaries:
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Official website here: www.magicaltheatre.org
Where can I find the form 990 for Magical Theatre Company?
Magical Theatre Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magicaltheatre.org
Learn more at the official website: www.magicaltheatre.org
Mission Statement of Magical Theatre Company
The Magical Theatre Company, as a not-for-profit organization, serves as an educational and entertaining resource for young audiences and families. Its mission is to foster enhanced learning, growth, and civic engagement through live theatre performances. By utilizing the power of storytelling, this company aims to provide an enriching experience that goes beyond entertainment, encouraging critical thinking and active participation from its audience. The Magical Theatre Company's unique approach to education and entertainment sets it apart as a valuable resource for fostering a well-informed and engaged community.
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Impact
July, 2024
Magical Theatre Company's impact is significant in educating young audiences and families through live theatre entertainment. By serving as a not-for-profit, resident, and touring educational resource, Magical Theatre Company enhances learning, growth, and civic engagement. Its commitment to providing quality arts experiences helps foster creativity, cultural awareness, and social development among the community it serves. This organization plays a vital role in enriching the lives of individuals, particularly young people, through the power of theatre.
This information is meant to be a general summary of Magical Theatre Company. 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: $8,689
- Program Service Revenue: $116,151
- Gross Receipts: $670,997
Assets and Liabilities:
- Total Assets: $3,048,643
- Total Liabilities: $69,262
- Net Assets: $2,979,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE PRODUCTION INCOME
Revenue
$116,151
Organization Details
Founding Year
1972
Phone
(330) 848-3708Principal Officer
Tim Papp
Main Address
PO BOX 386, BARBERTON, OH, 44203
Website
www.magicaltheatre.orgNTEE Category
Code: A65Z - Arts
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