Overview
What is Friends Of The Alger Theater?
Friends of The Alger Theater is a dedicated nonprofit organization based in Detroit, Michigan. Operating primarily as volunteers, their mission is to revitalize and transform their historic theater into a vibrant community hub. By engaging with their local neighborhoods of East English Village, Morningside, and Cornerstone Village, they aim to create a welcoming space for programs that are initiated and enjoyed by their community members. In collaboration with Invest Detroit, they conducted a survey to gauge the local residents' preferences for businesses and amenities as part of the City of Detroit's Strategic Neighborhood Initiative. Their efforts were well-received, demonstrating their commitment to enhancing their community's well-being.
Official website here: www.algertheater.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%
Friends Of The Alger Theater has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The rating is based entirely on their performance in the Accountability & Finance beacon, which highlights their strong governance practices, including having a fully independent board and no material diversion of assets.
The organization scored exceptionally well in several areas, including the independence of board members and the presence of essential policies such as conflict of interest and document retention. They also maintain transparency by listing their tax documents and board meeting minutes on their website. However, the lack of a whistleblower policy is noted as a limitation, which could impact their overall governance framework.
Financially, the organization has a strong balance sheet with no liabilities, but their program expense ratio of 55.46% suggests that there may be room for improvement in allocating funds directly to programs and services. Overall, while Friends Of The Alger Theater demonstrates strong governance and financial practices, enhancing their program spending could further boost their impact and ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Alger Theater legitimate?
Friends Of The Alger Theater is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Alger Theater 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: $0
For more financial information, click here
Official website here: www.algertheater.org
What is the mission statement of Friends Of The Alger Theater?
Friends of The Alger Theater is an all-volunteer non-profit organization with a mission to enrich communities by activating and restoring their historic theater. The aim is to transform the theater into a welcoming destination, hosting programs created by and for the local neighborhood. This endeavor aims to enrich the lives of community members, serving as a cultural and social hub.
Official website here: www.algertheater.org
Who is the CEO of Friends Of The Alger Theater?
Jacqueline Grant is the President of Friends Of The Alger Theater.
Official website here: www.algertheater.org
What is the revenue of Friends Of The Alger Theater?
Friends Of The Alger Theater's revenue in 2022 was $67,573.
Official website here: www.algertheater.org
Who are the executives of Friends Of The Alger Theater and what are their salaries?
There 25 volunteers at Friends Of The Alger Theater.
Here are 8 key members and their salaries:
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Official website here: www.algertheater.org
Where can I find the form 990 for Friends Of The Alger Theater?
Friends Of The Alger Theater's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.algertheater.org
Learn more at the official website: www.algertheater.org
Mission Statement of Friends Of The Alger Theater
Friends of the Alger Theater is an all-volunteer non-profit organization with a mission to enrich neighborhoods by actively revitalizing and restoring their historic theater. This endeavor aims to create a welcoming destination for programs that are developed and initiated by, as well as for, the local community members. By undertaking this mission, Friends of the Alger Theater seeks to contribute positively to its neighborhoods, fostering a sense of unity and community engagement through cultural events and activities.
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Impact
August, 2024
Friends Of The Alger Theater's impact is notable in the Detroit community, particularly in its efforts to revitalize and restore the historic theater. Through their mission to activate and restore the theater into a welcoming destination for programs created by and for the neighbors, they are actively enriching the neighborhoods in Detroit's east side.
Furthermore, Friends Of The Alger Theater's involvement in conducting a survey of the surrounding neighborhoods, in collaboration with Invest Detroit, showcases their commitment to understanding the needs and preferences of the residents. By engaging individuals as independent contractors to conduct the survey, they were able to gather valuable information on the area, demonstrating their dedication to community engagement and development.
Overall, Friends Of The Alger Theater's impact can be seen in their multifaceted approach to revitalizing the theater, engaging with the community, and working towards creating a vibrant hub for arts and programs in the Detroit area.
This information is meant to be a general summary of Friends Of The Alger Theater. 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: $3
- Program Service Revenue: $39,040
- Gross Receipts: $67,573
Assets and Liabilities:
- Total Assets: $496,671
- Total Liabilities: $0
- Net Assets: $496,671
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Based on the success of our work in 2021 the Rocket Community Fund awarded us a grant for HOPE 2022
Revenue
$25,000
Conduct a survey of Detroit residents to identify ways to improve housing stability in the city.
Revenue
$14,040
Organization Details
Founding Year
1983
Principal Officer
Jacqueline Grant
Main Address
PO BOX 241183, DETROIT, MI, 482245183
Website
www.algertheater.orgNTEE Category
Code: A61 - Arts
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