Overview
What is Historic Homestake Opera House Society?
The Historic Homestake Opera House Society is a nonprofit organization situated in Lead, South Dakota. Their primary goal is to restore the Opera House, a local landmark, to its former glory, aiming to revitalize the community and provide educational and cultural opportunities for future generations. Throughout the year, they host various performing arts events, such as concerts, community theater, dance performances, and variety shows. Additionally, the Opera House serves as a venue for weddings, large presentations, and movie screenings during the rehabilitation process. The society's mission is to restore the Opera House to its productive use, enriching the community and offering ongoing educational and cultural experiences.
Official website here: www.homestakeoperahouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (63%)
The Historic Homestake Opera House Society has received a two-star rating from Charity Navigator, indicating areas that need improvement in its operations and financial accountability. While the organization demonstrates a strong commitment to independent governance with 100% of its board members being independent, it has significant gaps in policies such as whistleblower and document retention, which are crucial for transparency and accountability.
In terms of financial health, the organization maintains a low liabilities-to-assets ratio of 7.26% and allocates 60.12% of its expenses to programs. However, its program expense ratio could be enhanced, as it scored only 13 out of 25 points in that area. The culture and community score is notably high at 85%, suggesting that the organization is well-regarded in its local community, but the lack of comprehensive equity policies and processes reflects potential areas for growth.
Overall, while the Historic Homestake Opera House Society has strengths in governance and community engagement, it must address its policy deficiencies and improve its financial management practices to enhance its rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Homestake Opera House Society legitimate?
Historic Homestake Opera House Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Homestake Opera House Society 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: $51,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,754
For more financial information, click here
Official website here: www.homestakeoperahouse.org
What is the mission statement of Historic Homestake Opera House Society?
The Historic Homestake Opera House Society's mission is centered around revitalizing an operational role for the opera house, serving to enrich and educate the community's citizens. This objective extends beyond the current generation, aiming to provide future generations with ample educational and cultural opportunities. Throughout the year, the society hosts various performing arts events, such as concerts, community theater, dance, and variety shows, offering the public with valuable educational and cultural experiences. Additionally, the theater and building are utilized for hosting weddings, large presentations, and movie screenings, while the restoration process continues.
Official website here: www.homestakeoperahouse.org
Who is the CEO of Historic Homestake Opera House Society?
Thomas Golden is the Executive Di of Historic Homestake Opera House Society.
Official website here: www.homestakeoperahouse.org
What is the revenue of Historic Homestake Opera House Society?
Historic Homestake Opera House Society's revenue in 2022 was $497,057.
Official website here: www.homestakeoperahouse.org
Who are the executives of Historic Homestake Opera House Society and what are their salaries?
The average compensation at Historic Homestake Opera House Society during 2022 was $27,651. There are 5 employees and 53 volunteers at Historic Homestake Opera House Society.
Here are 14 key members and their salaries:
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Official website here: www.homestakeoperahouse.org
Where can I find the form 990 for Historic Homestake Opera House Society?
Historic Homestake Opera House Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homestakeoperahouse.org
Learn more at the official website: www.homestakeoperahouse.org
Mission Statement of Historic Homestake Opera House Society
The Historic Homestake Opera House Society aims to revive the Opera House for the educational and enrichment of their community's citizens. Their mission is twofold: firstly, to bring the Opera House back into productive use, and secondly, to provide generations with opportunities for education and culture. By doing so, the Society aspires to preserve this cultural landmark for future generations.
Throughout the year, the Opera House hosts a variety of performing arts events, offering the public diverse educational and cultural opportunities. These events include outdoor and indoor concerts, community theater performances, dance shows, and variety performances. Apart from these events, the Opera House and its building are also utilized for hosting weddings, large presentations, and movie screenings. Simultaneously, the Society continues with the rehabilitation and restoration of the building.
In essence, the Historic Homestake Opera House Society is dedicated to breathing new life into the Opera House, transforming it into a cultural hub that enriches the community while preserving its historical significance. The Society's activities provide opportunities for the public to engage in various forms of art and entertainment, fostering a sense of community and cultural appreciation.
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Impact
July, 2024
The Historic Homestake Opera House Society's impact lies in its dedication to returning the Opera House to productive use for the education and enrichment of the citizens of Lead, SD. Through various performing arts events such as concerts, community theater, dance, and variety shows, the Opera House provides educational and cultural opportunities for the community. Additionally, the facility is utilized for hosting weddings, large presentations, and movie screenings while rehabilitation and restoration efforts continue. This nonprofit organization plays a crucial role in preserving the cultural heritage of the community and ensuring that future generations can benefit from its offerings.
This information is meant to be a general summary of Historic Homestake Opera House Society. 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: $2,710
- Program Service Revenue: $40,977
- Gross Receipts: $509,497
Assets and Liabilities:
- Total Assets: $4,241,746
- Total Liabilities: $425,292
- Net Assets: $3,816,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKETS AND RELATED SALES
Revenue
$38,984
TOURS
Revenue
$1,993
Organization Details
Founding Year
1998
Phone
(605) 584-2067Principal Officer
Thomas Golden
Main Address
PO BOX 412, LEAD, SD, 57754
Website
www.homestakeoperahouse.orgNTEE Category
Code: A80 - Arts
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