Overview
What is Corn Stock Theatre?
Corn Stock Theatre is a nonprofit organization situated in Peoria, Illinois, specifically at 1700 N Park Rd. Their primary mission is to foster theatrical education and promotion in Central Illinois. As a volunteer-based community theatre, they offer various opportunities to learn, teach, and showcase theatre arts. Over the year, they have successfully executed 10 productions, selling a total of 11,400 tickets. The organization's activities are geared towards encouraging and celebrating theatre arts, catering to the Central Illinois community. With a workforce of 68 dedicated individuals, Corn Stock Theatre continues to uphold its commitment to the arts in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Corn Stock Theatre has received a 54% rating from Charity Navigator, which translates to a One-Star status. This rating reflects a significant concern regarding its Accountability & Finance performance, which is crucial for donor trust. The overall score is based solely on the Accountability & Finance Beacon, highlighting the importance of financial stability and transparency for nonprofit organizations.
Strengths of Corn Stock Theatre include a fully independent board with 100% of members being independent and a strong conflict of interest policy. The organization also has a documented retention policy and maintains minutes of board meetings, which are all positive indicators of governance practices. However, despite these strengths, the organization struggles notably with financial ratios, including a low program expense ratio of 24.99% and a high liabilities to assets ratio of 1.17%, both of which contributed to its low overall financial score.
These financial challenges suggest that the organization may not be effectively utilizing its resources to support its programs, which is a critical factor for potential donors to consider. While Corn Stock Theatre demonstrates good governance and accountability, the significant weaknesses in its financial health place it at risk of being less effective in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Corn Stock Theatre legitimate?
Corn Stock Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corn Stock Theatre 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: $178,892
For more financial information, click here
What is the mission statement of Corn Stock Theatre?
Corn Stock Theatre's mission is centered around the exploration, advocacy, and showcasing of theatrical productions in a specific region, namely Central Illinois. This community-based theatre organization, primarily driven by volunteers, is committed to fostering an environment for studying and teaching theatre arts. Their mission extends beyond just performance, as they also aim to promote theatrical productions in the community.
Who is the CEO of Corn Stock Theatre?
Chip Joyce is the President of Corn Stock Theatre.
What is the revenue of Corn Stock Theatre?
Corn Stock Theatre's revenue in 2022 was $457,860.
Who are the executives of Corn Stock Theatre and what are their salaries?
The average compensation at Corn Stock Theatre during 2022 was $2,631. There are 68 employees and 380 volunteers at Corn Stock Theatre.
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Where can I find the form 990 for Corn Stock Theatre?
Corn Stock Theatre's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corn Stock Theatre
Corn Stock Theatre, a volunteer-based community organization, is dedicated to the mission of studying, promoting, and presenting theatrical productions in Central Illinois. This nonprofit provides ample opportunities for individuals to delve into the realm of theatre arts, both as learners and teachers. By pursuing this mission, Corn Stock Theatre contributes significantly to the cultural landscape of the region. The organization's activities are not limited to stage performances but also extend to educational programs and initiatives, fostering a deep appreciation for the art of theatre.
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Impact
July, 2024
Corn Stock Theatre's impact in Central Illinois is profound, as it provides valuable opportunities to study, teach, and promote theatre arts within the community. Through its volunteer-based model, Corn Stock Theatre offers a platform for individuals to engage in a wide range of theatrical activities, fostering creativity and talent development. With a robust calendar of member events, including 10 productions and the sale of over 11,400 tickets, Corn Stock Theatre plays a significant role in enriching the cultural landscape of Peoria, IL, and beyond. This organization's dedication to its mission of presenting theatrical productions contributes to the vibrant arts scene in Central Illinois, making a lasting impact on both participants and audiences alike.
This information is meant to be a general summary of Corn Stock Theatre. 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: $41,381
- Program Service Revenue: $306,500
- Gross Receipts: $457,860
Assets and Liabilities:
- Total Assets: $1,115,752
- Total Liabilities: $13,123
- Net Assets: $1,102,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER PROGRAMS
Revenue
$306,500
Organization Details
Founding Year
1954
Phone
(309) 676-2196Principal Officer
Chip Joyce
Main Address
1700 N PARK RD, PEORIA, IL, 61604
NTEE Category
Code: A650 - Arts
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