Overview
What is Fargo Theatre Management Corporation?
Fargo Theatre Management Corporation is a nonprofit organization situated in Fargo, North Dakota, with an address at 314 Broadway, ZIP code 58102. Their primary mission is to preserve the historic Fargo Theatre while catering to the artistic and entertainment needs of an evolving audience, performers, and filmmakers. They achieve this through a diverse range of film and live events, which includes new-release films, classic films, specialty film festivals, and live performances by local arts organizations and professional touring artists. The Theatre has a long-standing tradition of hosting over 67,000 audience members annually, offering a mix of motion pictures and events in a historic setting. The organization also proudly supports the community with various free or low-cost programming, such as the annual Martin Luther King Jr. Day Celebration and Holiday Pipes concerts. Their long-term objective is to continue adapting to the community's growth while maintaining the Theatre's historic integrity. Word count: 118.
Official website here: www.fargotheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
The Fargo Theatre Management Corporation has earned a solid rating of 85%, reflecting strong accountability and financial practices. The charity's score is derived entirely from its performance in the Accountability & Finance category, where it showcases a well-structured governance system with 100% independent board members and a robust audit oversight committee.
While the organization performs well overall, the program expense ratio of 60.99% indicates that a significant portion of its expenses is directed towards programs, though there is still room for improvement in this area. Additionally, the absence of any material diversion of assets is a positive indicator of financial integrity, further contributing to the charity's favorable rating. Overall, the organization demonstrates strong operational practices but may benefit from enhancing its program expenditure efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Fargo Theatre Management Corporation legitimate?
Fargo Theatre Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fargo Theatre Management Corporation 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: $81,543
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,644
For more financial information, click here
Official website here: www.fargotheatre.org
What is the mission statement of Fargo Theatre Management Corporation?
The Fargo Theatre Management Corporation's mission is centered around preserving the historical integrity of a local theater while catering to a diverse range of audiences, performers, and filmmakers. They strive to maintain a state-of-the-art screen and stage for critically acclaimed films, live performances, and special events. Additionally, they aim to serve as a significant anchor for the downtown area and ensure a home for a prominent Wurlitzer theatre pipe organ. The corporation also aims to provide a continuous entertainment and educational experience for generations, fostering a sense of community.
Official website here: www.fargotheatre.org
Who is the CEO of Fargo Theatre Management Corporation?
Emily Beck is the Executive Director of Fargo Theatre Management Corporation.
Official website here: www.fargotheatre.org
What is the revenue of Fargo Theatre Management Corporation?
Fargo Theatre Management Corporation's revenue in 2022 was $869,304.
Official website here: www.fargotheatre.org
Who are the executives of Fargo Theatre Management Corporation and what are their salaries?
The average compensation at Fargo Theatre Management Corporation during 2022 was $8,192. There are 27 employees and 200 volunteers at Fargo Theatre Management Corporation.
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Official website here: www.fargotheatre.org
Where can I find the form 990 for Fargo Theatre Management Corporation?
Fargo Theatre Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fargotheatre.org
Learn more at the official website: www.fargotheatre.org
Mission Statement of Fargo Theatre Management Corporation
Fargo Theatre Management Corporation, a dedicated organization, is committed to preserving the historic Fargo Theatre and fostering the arts. Their primary goal is to maintain the Theatre's vintage charm while adapting it to cater to a broader spectrum of audiences, performers, and filmmakers. The Corporation strives to keep the Theatre technologically advanced, with a focus on maintaining a top-notch film screen and stage for critically acclaimed movies, live theater performances, special events, and tours. Additionally, they strive to safeguard the mighty Wurlitzer theatre pipe organ, a significant historical artifact. Furthermore, Fargo Theatre Management Corporation serves as a cornerstone for the vibrant downtown area, honoring its rich entertainment and educational legacy for generations of Fargo-Moorhead residents and visitors.
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Impact
July, 2024
The Fargo Theatre Management Corporation plays a significant role in preserving the historic integrity of the Fargo Theatre and expanding its ability to meet the artistic and entertainment needs of a diverse audience. Through a diverse slate of film screenings, live events, and special festivals, the Theatre provides the community with a wide selection of arts programming. The Theatre's impact is evident in its outreach to the community, hosting events such as the Martin Luther King Jr. Day Celebration, Holiday Pipes concerts, Kids' Flicks movie series, and a free monthly Film Club to engage the public in meaningful conversations.
The Fargo Theatre Management Corporation's efforts to maintain a state-of-the-art screen and stage for critically acclaimed film, classic cinema, live theatre, and special events contribute to enriching the cultural landscape of Fargo. By serving as an anchor for a vibrant downtown and providing a home for the mighty Wurlitzer theatre pipe organ, the Theatre continues to honor its past while embracing the future, offering inclusive programming that represents diverse artistic voices and fosters community engagement.
This information is meant to be a general summary of Fargo Theatre Management Corporation. 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: $4,563
- Program Service Revenue: $281,268
- Gross Receipts: $968,659
Assets and Liabilities:
- Total Assets: $1,892,050
- Total Liabilities: $391,876
- Net Assets: $1,500,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Film Revenue
Revenue
$111,946
Theatre Rent
Revenue
$86,622
Event Revenue
Revenue
$49,458
Technical Fees
Revenue
$25,388
Organization Details
Founding Year
1983
Phone
(701) 239-8385Principal Officer
Emily Beck
Main Address
314 Broadway, Fargo, ND, 58102
Website
www.fargotheatre.orgNTEE Category
Code: A600 - Arts
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