Overview
What is Act 2 Inc?
Act 2 Inc, located in Aberdeen, South Dakota, is a nonprofit organization with a strong commitment to community theatre. Their mission is to foster interaction between the living theatre and the wider Aberdeen community, serving as a platform for creative arts expression. With a team of 13 dedicated individuals, Act 2 Inc offers theatre performances featuring local actors of all ages, providing an engaging and inclusive space for artistic growth and enjoyment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Act 2 Inc has received a low score of 50%, resulting in a One-Star rating. This indicates significant concerns regarding its financial health and operational effectiveness. The organization has excelled in several governance aspects, including having a fully independent board and a solid audit of financial statements.
While the organization demonstrates strengths like a conflict of interest policy and documented board meeting minutes, it faces serious weaknesses in financial management. The program expense ratio is notably low at 15.85%, suggesting that a minimal portion of its expenses is allocated towards its programs. Additionally, the absence of a whistleblower policy raises questions about transparency and accountability within the organization.
Overall, while Act 2 Inc shows promise in governance practices, the financial metrics reveal critical limitations that could hinder its overall impact and sustainability. Potential donors and stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Act 2 Inc legitimate?
Act 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Act 2 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: $143,383
For more financial information, click here
What is the mission statement of Act 2 Inc?
Act 2 Inc's mission is centered around promoting interaction between the community and living theatre. They serve as a platform for the creative arts, providing an arena for local actors of all ages to showcase their talents through theatre performances. The organization's goal is to foster a connection between the community and the performing arts, thereby enriching cultural experiences.
Who is the CEO of Act 2 Inc?
James L Walker is the President of Act 2 Inc.
What is the revenue of Act 2 Inc?
Act 2 Inc's revenue in 2021 was $864,069.
Who are the executives of Act 2 Inc and what are their salaries?
The average compensation at Act 2 Inc during 2021 was $11,029. There are 13 employees and 300 volunteers at Act 2 Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Act 2 Inc?
Act 2 Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Act 2 Inc
Act 2 Inc, a community theater organization, is dedicated to fostering a connection between the living theater and a broader Aberdeen community. By serving as a platform for the creative arts, Act 2 Inc encourages interaction and engagement among local actors of all ages. The mission of this nonprofit is to create an arena where the community can come together and share in the joy and expression of the performing arts. Act 2 Inc strives to provide theater performances that not only entertain but also inspire and engage the community, providing an opportunity for self-expression and artistic growth.
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Impact
July, 2024
Act 2 Inc's impact lies in its ability to create a space for local actors of all ages in Aberdeen, South Dakota to engage in theatre performances. By offering this platform, Act 2 Inc not only promotes creativity and artistic expression but also fosters community interaction through the art of theatre. This organization plays a significant role in enriching the cultural landscape of Aberdeen and provides opportunities for individuals to participate in and appreciate the arts. Overall, Act 2 Inc's impact can be felt through the connection it creates between the community and the world of living theatre.
This information is meant to be a general summary of Act 2 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 2021.
- Investment Income: $83,496
- Program Service Revenue: $159,613
- Gross Receipts: $864,069
Assets and Liabilities:
- Total Assets: $2,751,827
- Total Liabilities: $185,754
- Net Assets: $2,566,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Performance Revenue
Revenue
$41,892
Advertising
Revenue
$6,900
Shipping
Concessions
Revenue
$5,517
Contractual
Revenue
$16,193
Organization Details
Founding Year
1979
Phone
(605) 225-2228Principal Officer
James L Walker
Main Address
PO Box 813, Aberdeen, SD, 574020813
NTEE Category
Code: A65 - Arts
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