Overview
What is The Grand Opera House Foundation?
The Grand Opera House Foundation is a nonprofit organization situated in Dubuque, Iowa, specifically at 135 W Eighth Street. Their primary mission is to raise funds for the renovation of the Grand Opera House, aiming to enhance its lighting and sound equipment to better accommodate theatrical performances for the community. By doing so, they contribute to providing a suitable venue for the public to enjoy live performances. This foundation's efforts help maintain the Grand Opera House's significance as a cultural hub in Dubuque.
Official website here: www.thegrandoperahouse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Grand Opera House Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The organization's overall score is derived solely from its Accountability & Finance metrics, which stand at 50%. Notably, while the foundation has 100% independent board members and a transparent conflict of interest policy, issues related to financial ratios and the lack of certain required documents have adversely impacted its score.
The foundation displays strengths in governance with a fully independent board and no reported material diversion of assets. Additionally, it adheres to essential policies, such as a whistleblower policy and documenting board meeting minutes. However, the organization faces critical limitations, particularly in financial management, reflected in a program expense ratio of only 34.44%, indicating a lower percentage of funds directed towards its programs.
Furthermore, the absence of its tax form on the nonprofit's website raises transparency concerns that contribute to its low rating. The liabilities to assets ratio is also concerning, sitting at 0.00%. These factors suggest that while the foundation has strong governance practices, it must significantly improve its financial health and transparency to enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Grand Opera House Foundation legitimate?
The Grand Opera House Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Grand Opera House Foundation 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.thegrandoperahouse.com
What is the mission statement of The Grand Opera House Foundation?
The Grand Opera House Foundation's mission revolves around raising funds for the renovation of a local theater, specifically the Grand Opera House. This endeavor aims to enhance the facility with improved lighting and sound equipment, enabling it to stage theatrical performances effectively for the community. By providing financial support, the Foundation contributes to the provision of a superior theatrical experience, thereby enriching the cultural landscape of the community.
Official website here: www.thegrandoperahouse.com
What is the revenue of The Grand Opera House Foundation?
The Grand Opera House Foundation's revenue in 2023 was $25,648.
Official website here: www.thegrandoperahouse.com
Who are the executives of The Grand Opera House Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.thegrandoperahouse.com
Where can I find the form 990 for The Grand Opera House Foundation?
The Grand Opera House Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thegrandoperahouse.com
Learn more at the official website: www.thegrandoperahouse.com
Mission Statement of The Grand Opera House Foundation
The Grand Opera House Foundation's mission revolves around raising funds for the renovation of the Grand Opera House. This nonprofit organization aims to provide financial support to enhance the facility, ensuring it is equipped with adequate lighting and sound systems necessary for staging theatrical performances. By doing so, it contributes to offering the community a venue where they can enjoy live performances, thereby enriching their cultural experiences.
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Impact
August, 2024
The Grand Opera House Foundation's impact lies in its crucial role in fundraising for the renovation of the Grand Opera House in Dubuque, Iowa. By providing financial support to this historic venue, the Foundation ensures that the community has access to a facility equipped with adequate lighting and sound equipment for staging theatrical performances. This effort not only preserves a cultural landmark but also enriches the local arts scene, making high-quality performing arts accessible to a wider audience.
This information is meant to be a general summary of The Grand Opera House Foundation. 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 2023.
- Investment Income: $17,730
- Gross Receipts: $126,928
Assets and Liabilities:
- Total Assets: $540,420
- Total Liabilities: $0
- Net Assets: $540,420
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Organization Details
Founding Year
1996
Principal Officer
Steve Juergens
Website
www.thegrandoperahouse.comNTEE Category
Code: A80 - Arts
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