Overview
What is The Legacy Theatre Inc?
The Legacy Theatre Inc, situated in Branford, Connecticut, is a professional theater company. Their primary mission is to positively impact the Connecticut shoreline's economy, educational opportunities, and overall quality of life. They achieve this by presenting live performances, hosting events, organizing classes, and conducting workshops. By doing so, The Legacy Theatre Inc contributes to the local community, offering a diverse range of cultural experiences and educational programs.
Official website here: www.legacytheatrect.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star rating)
The Legacy Theatre Inc has received a low score of 41% from Charity Navigator, which results in a Zero-Star rating. This indicates significant concerns regarding the organization's accountability and financial health. While the theater does have a fully independent board and meets some governance standards, the overall financial performance raises red flags, especially with a high liabilities-to-assets ratio and a lack of financial statements.
Despite some positive governance attributes, such as a robust conflict of interest policy and the presence of board meeting minutes, the organization falls short in critical financial transparency areas. The absence of posted financial documents on their website and their low program expense ratio suggests that a significant portion of their funds may not be directed towards their programs, which could impact their long-term sustainability and effectiveness.
Potential donors and supporters should be aware of these financial limitations when considering their involvement with The Legacy Theatre Inc. Engaging with a nonprofit that demonstrates strong financial health and accountability is essential for ensuring that contributions are used effectively to support its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Legacy Theatre Inc?
100% of 14 reviewers on Facebook recommend The Legacy Theatre Inc. Here is a summary of their reviews:
The feedback reflects a deep appreciation for the theatre, with many users praising its charming atmosphere and recent renovations. One reviewer highlighted their enjoyable experience watching "Barefoot in the Park," indicating that the theatre offers quality performances in a delightful setting.
Overall, patrons feel that The Legacy Theatre Inc is a valuable addition to the community, providing engaging entertainment and a welcoming environment for local audiences. The enthusiastic endorsements demonstrate satisfaction with both the venue's ambiance and the productions it hosts.
This AI summary has been generated from reviews found on Facebook.
Is The Legacy Theatre Inc legitimate?
The Legacy Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Theatre Inc 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: $183,064
Professional Fundraising Fees: $1,400
Other Salaries and Wages: $348,930
For more financial information, click here
Official website here: www.legacytheatrect.org
What is the mission statement of The Legacy Theatre Inc?
The Legacy Theatre Inc, as a professional theater company, strives to positively impact the economy, education, and quality of life in its local area, typically referred to as the Connecticut shoreline. It achieves this goal by presenting live theater performances and related programs. This organization serves as a vital catalyst for enriching the community by providing cultural experiences and fostering educational opportunities.
Official website here: www.legacytheatrect.org
What is the revenue of The Legacy Theatre Inc?
The Legacy Theatre Inc's revenue in 2023 was $2,529,950.
Official website here: www.legacytheatrect.org
Who are the executives of The Legacy Theatre Inc and what are their salaries?
The average compensation at The Legacy Theatre Inc during 2023 was $13,300. There are 40 employees at The Legacy Theatre Inc.
Here are 11 key members and their salaries:
- Compensation: $3,096
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- Compensation: $90,769
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- Compensation: $89,199
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Official website here: www.legacytheatrect.org
Where can I find the form 990 for The Legacy Theatre Inc?
The Legacy Theatre Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.legacytheatrect.org
Learn more at the official website: www.legacytheatrect.org
Mission Statement of The Legacy Theatre Inc
The Legacy Theatre Inc, a professional theater company, plays a significant role in enhancing the economy, educational opportunities, and overall quality of life in the Connecticut shoreline. They achieve this mission through live theater performances and related programs. By doing so, they contribute positively to the community, offering a wide array of events, classes, and workshops during their annual season.
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Impact
July, 2024
The Legacy Theatre Inc's impact can be seen in its significant contributions to the Connecticut shoreline's economy, educational opportunities, and overall quality of life. Through its professional theater productions, events, classes, and workshops, The Legacy Theatre enriches the cultural landscape of Branford and surrounding areas. By providing live theater experiences and related programs, the organization not only entertains audiences but also fosters a sense of community and creativity. The Legacy Theatre's dedication to the arts sector brings social and economic benefits to the region, making it a vital cultural hub for residents and visitors alike.
This information is meant to be a general summary of The Legacy Theatre Inc. 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: $12
- Program Service Revenue: $1,364,337
- Gross Receipts: $2,592,811
Assets and Liabilities:
- Total Assets: $5,608,178
- Total Liabilities: $4,409,750
- Net Assets: $1,198,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE RESTORATION
Revenue
$877,927
PERFORMANCE, CLASS & E
Revenue
$486,410
Organization Details
Founding Year
2011
Principal Officer
John L Williams
Website
www.legacytheatrect.orgNTEE Category
Code: A65 - Arts
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