Overview
What is Live Bait Theatrical Company?
Live Bait Theatrical Company is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to offer production facilities to other not-for-profit and emerging theater companies. Beyond this, they aim to engage the community through the power of art, specifically focusing on enriching the lives of children and senior citizens. Additionally, the company is committed to producing new works. With their facilities and dedication to the arts, Live Bait Theatrical Company plays a vital role in fostering creativity and providing a platform for other theater organizations.
Official website here: www.livebaittheater.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Live Bait Theatrical Company demonstrates a strong commitment to accountability and finance, as evidenced by its impressive score of 90%. This rating reflects a well-managed organization with a majority of independent board members and no reported material diversion of assets. The organization has effectively listed its website on tax forms, maintains proper records of board meeting minutes, and has established a conflict of interest policy.
Despite its high marks, there is a notable limitation regarding the absence of a whistleblower policy, which may impact transparency and employee protection. Nevertheless, the organization maintains a healthy liabilities to assets ratio of 15.34% and allocates an impressive 87.36% of its expenses directly to its programs. This indicates a strong focus on mission-driven work, suggesting that funds are used efficiently to support its theatrical initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Live Bait Theatrical Company legitimate?
Live Bait Theatrical Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Live Bait Theatrical 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: $17,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.livebaittheater.org
What is the mission statement of Live Bait Theatrical Company?
Live Bait Theatrical Company's mission is centered around providing production facilities for not-for-profit and start-up theater companies. Beyond this, the organization seeks to engage the community by utilizing art as a tool to enhance the lives of children and seniors. Additionally, Live Bait Theatrical Company is committed to creating new work. In essence, their mission is to support the growth of theatrical ventures while also contributing positively to the community and inspiring creativity.
Official website here: www.livebaittheater.org
Who is the CEO of Live Bait Theatrical Company?
John Ragir is the Executive Director of Live Bait Theatrical Company.
Official website here: www.livebaittheater.org
What is the revenue of Live Bait Theatrical Company?
Live Bait Theatrical Company's revenue in 2022 was $35,395.
Official website here: www.livebaittheater.org
Who are the executives of Live Bait Theatrical Company and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $11,000
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- Compensation: $6,000
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Official website here: www.livebaittheater.org
Where can I find the form 990 for Live Bait Theatrical Company?
Live Bait Theatrical Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.livebaittheater.org
Learn more at the official website: www.livebaittheater.org
Mission Statement of Live Bait Theatrical Company
Live Bait Theatrical Company, as a mission-driven organization, aims to provide production facilities to not-for-profit and start-up theater companies. Beyond this, the company seeks to engage the community by leveraging art as a tool to enhance the lives of children and seniors. Furthermore, Live Bait Theatrical Company is committed to developing new works, contributing to the richness and diversity of the theatrical landscape. By offering its resources and fostering artistic growth, this organization plays a crucial role in nurturing the next generation of theatrical talents and enriching the lives of various age groups within the community.
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Impact
August, 2024
Live Bait Theatrical Company provides production facilities to other nonprofit and startup theater companies, engages the community through art to enhance the lives of children and seniors, and focuses on writing new work. Their impact can be seen in the support and resources they provide to emerging theater groups, the positive influence they have on the community through artistic endeavors, and the creative contributions they make through the development of new works. Through these efforts, Live Bait Theatrical Company plays a vital role in fostering artistic growth and cultural enrichment in Chicago and beyond.
This information is meant to be a general summary of Live Bait Theatrical 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.
- Gross Receipts: $90,395
Assets and Liabilities:
- Total Assets: $73,002
- Total Liabilities: $11,200
- Net Assets: $61,802
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Organization Details
Founding Year
1987
Phone
(773) 871-1212Principal Officer
John Ragir
Main Address
3914 N CLARK ST, CHICAGO, IL, 606132602
Website
www.livebaittheater.orgNTEE Category
Code: A65 - Arts
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