Overview
What is State Theatre - Bay Citybay County?
State Theatre - Bay City, located in Bay County, Michigan, is a nonprofit organization dedicated to preserving and operating the historical State Theatre in downtown Bay City. Its primary mission is to serve as a cultural hub, offering performing arts and films across various venues. This nonprofit aims to enrich the cultural experiences of people residing in Mid-Michigan and beyond. With a team of five dedicated individuals, they work closely with civic and charitable organizations, providing them with a suitable facility for their events.
Official website here: www.statetheatrebaycity.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The State Theatre - Bay County has secured a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 85%. This score signifies that the organization demonstrates a good level of financial health and operational integrity, which is crucial for donor trust. The evaluation highlights that the board is composed entirely of independent members, enhancing governance effectiveness.
One of the key strengths of this nonprofit is its program expense ratio, which stands at an impressive 95.30%. This indicates that a significant portion of its expenses is directed toward its programs rather than administrative costs, suggesting a strong commitment to its mission. Additionally, the organization maintains a whistleblower policy and has effective document retention processes in place, which are important for transparency and ethical operations.
However, there are areas where the organization could improve. The absence of a conflict of interest policy and the failure to post its tax form on its website indicate potential gaps in governance practices. Moreover, the liabilities to assets ratio of 59.62% raises some concerns about financial stability. Addressing these limitations could further enhance the organization’s overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is State Theatre - Bay Citybay County legitimate?
State Theatre - Bay Citybay County is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Theatre - Bay Citybay County 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: $18,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,007
For more financial information, click here
Official website here: www.statetheatrebaycity.com
What is the mission statement of State Theatre - Bay Citybay County?
The mission of State Theatre, a cultural institution, is to enrich the artistic and film experiences for individuals across Mid-Michigan and beyond. This is achieved by providing a platform for performing arts and movies, thereby expanding the cultural prospects for all. The historical State Theatre, located in downtown Bay City, MI, is utilized by various civic and charitable organizations, in addition to hosting performing arts and film screenings in multiple venues. By doing so, State Theatre contributes to the enrichment and diversity of cultural opportunities for the community.
Official website here: www.statetheatrebaycity.com
Who is the CEO of State Theatre - Bay Citybay County?
Michael Bacigalupo is the Chief Op. Of of State Theatre - Bay Citybay County.
Official website here: www.statetheatrebaycity.com
What is the revenue of State Theatre - Bay Citybay County?
State Theatre - Bay Citybay County's revenue in 2020 was $524,762.
Official website here: www.statetheatrebaycity.com
Who are the executives of State Theatre - Bay Citybay County and what are their salaries?
The average compensation at State Theatre - Bay Citybay County during 2020 was $23,748. There are 5 employees and 75 volunteers at State Theatre - Bay Citybay County.
Here are 9 key members and their salaries:
- Compensation: $13,154
- Related: $0
- Other: $5,200
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.statetheatrebaycity.com
Where can I find the form 990 for State Theatre - Bay Citybay County?
State Theatre - Bay Citybay County's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.statetheatrebaycity.com
Learn more at the official website: www.statetheatrebaycity.com
Mission Statement of State Theatre - Bay Citybay County
State Theatre, an esteemed organization, is dedicated to enriching the cultural experiences of people beyond Mid-Michigan. Its mission is centered around the presentation of performing arts and films, aiming to broaden cultural opportunities for all. By operating the historical State Theatre in downtown Bay City, MI, the theater serves as a hub for civic and charitable organizations, as well as a venue for diverse performing arts and film screenings in various locations. This commitment to arts and cinema is instrumental in fostering a vibrant and culturally enriched community.
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Impact
July, 2024
State Theatre - Bay Citybay County plays a vital role in enriching the cultural opportunities available to the residents of Bay City, MI, and beyond. By providing a platform for performing arts and films, the theatre contributes to the vibrant cultural scene in Mid Michigan. It serves as a hub for community engagement, hosting events by civic and charitable organizations, further strengthening the social fabric of the region. Through its programming, the State Theatre enhances the cultural awareness and appreciation of diverse audiences, creating a more vibrant and connected community.
This information is meant to be a general summary of State Theatre - Bay Citybay County. 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 2020.
- Investment Income: $1,145
- Program Service Revenue: $129,918
- Gross Receipts: $524,762
Assets and Liabilities:
- Total Assets: $3,271,062
- Total Liabilities: $188,434
- Net Assets: $3,082,628
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$96,301
CONCESSION
Revenue
$33,617
Organization Details
Founding Year
2000
Phone
(989) 892-2660Principal Officer
Michael Bacigalupo
Main Address
913 WASHINGTON AVENUE, BAY CITY, MI, 48708
Website
www.statetheatrebaycity.comNTEE Category
Code: A65 - Arts
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