Overview
What is Forest City Entertainment Inc?
Forest City Entertainment Inc, located in Forest City, Iowa, is a small-scale nonprofit organization dedicated to providing affordable entertainment options for the local community. Their primary activity involves operating a public movie cinema, ensuring reasonable admission prices for residents to enjoy. The organization aims to enhance the quality of life in Forest City by providing these entertainment avenues. With a modest workforce of one individual, Forest City Entertainment Inc continues to serve its purpose, contributing to the leisure activities and community bonding in the area.
Official website here: www.forestcitytheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Forest City Entertainment Inc has received a solid Three-Star rating from Charity Navigator, signifying a score of 76%. This assessment is based entirely on the organization's Accountability & Finance metrics, indicating a strong emphasis on financial health and transparency. The high score reflects the charity's commitment to maintaining a well-structured governance framework, as evidenced by having a fully independent board.
The organization excels in several key areas, notably achieving full marks for its independent board composition and lack of material diversion of assets. Additionally, its program expense ratio is impressive at 98.64%, demonstrating a strong focus on directing funds toward its mission rather than administrative costs. This level of financial efficiency and oversight contributes positively to its overall standing.
Despite the favorable ratings, the summary does not highlight any specific areas for improvement. However, as with any nonprofit, continuous assessment and adaptation to changing circumstances can enhance effectiveness and community impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Forest City Entertainment Inc legitimate?
Forest City Entertainment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest City Entertainment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,360
For more financial information, click here
Official website here: www.forestcitytheatre.com
What is the mission statement of Forest City Entertainment Inc?
Forest City Entertainment Inc's mission is centered around providing diverse entertainment options for its audience. This is achieved by operating a public movie cinema. The organization is committed to maintaining affordable admission prices, ensuring that entertainment is accessible to a wide range of people. Beyond just operating a cinema, Forest City Entertainment Inc also seeks to contribute to the quality of life for its audience by keeping costs minimal for all events.
Official website here: www.forestcitytheatre.com
Who is the CEO of Forest City Entertainment Inc?
Mason Harms is the Treasurer of Forest City Entertainment Inc.
Official website here: www.forestcitytheatre.com
What is the revenue of Forest City Entertainment Inc?
Forest City Entertainment Inc's revenue in 2023 was $53,757.
Official website here: www.forestcitytheatre.com
Who are the executives of Forest City Entertainment Inc and what are their salaries?
The average compensation at Forest City Entertainment Inc during 2023 was $15,360. There is 1 employee at Forest City Entertainment Inc.
Here are 8 key members and their salaries:
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Official website here: www.forestcitytheatre.com
Where can I find the form 990 for Forest City Entertainment Inc?
Forest City Entertainment Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.forestcitytheatre.com
Learn more at the official website: www.forestcitytheatre.com
Mission Statement of Forest City Entertainment Inc
Forest City Entertainment Inc, as a nonprofit organization, is dedicated to enriching the lives of its community members by offering a variety of entertainment options. It operates a publicly accessible movie cinema as its primary venture, ensuring reasonable admission prices to cater to a wide range of citizens. Beyond providing entertainment, the organization aims to enhance the overall quality of life for residents by keeping costs minimal for all events. This approach allows more individuals to access and enjoy the entertainment offerings, thereby fostering a sense of community and shared experiences.
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Impact
August, 2024
Forest City Entertainment Inc's impact lies in its efforts to provide entertainment avenues for the citizens of Forest City, Iowa. By operating a movie cinema open to the public and maintaining reasonable admission prices, the organization aims to improve the quality of life for residents and keep costs at a minimum for all events. Through its mission of offering affordable entertainment options, Forest City Entertainment Inc contributes to the cultural enrichment of the community and provides opportunities for residents to enjoy recreational activities. This ultimately fosters community engagement and enhances the overall well-being of the people in Forest City.
This information is meant to be a general summary of Forest City Entertainment 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.
- Program Service Revenue: $33,590
- Gross Receipts: $53,757
Assets and Liabilities:
- Total Assets: $218,384
- Total Liabilities: $8,803
- Net Assets: $209,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDING
Revenue
$18,242
ADMISSIONS
Revenue
$15,348
Organization Details
Founding Year
2012
Phone
(641) 585-2450Principal Officer
Mason Harms
Main Address
116 EAST I STREET, FOREST CITY, IA, 50436
Website
www.forestcitytheatre.comNTEE Category
Code: O50 - Youth development
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