Overview
What is Friends Of The Strand Theatre Inc?
Friends of the Strand Theatre Inc, located in Rockland, Maine, is a nonprofit organization dedicated to preserving and operating the historic Strand Theatre for the benefit of the local community. The theater offers a diverse range of year-round events, including films, live music, and special events, showcasing its commitment to serving the community's needs. The Strand's education program provides free arts programming to local students, offering experiences like live performances, virtual visits, workshops, and film screenings. The theater also offers low or no-cost tickets to students for regular events and supports community events by offering subsidized rates to non-profit organizations. With a team of 12 employees, Friends of the Strand Theatre Inc aims to enhance the quality of life in the community and promote shared cultural and creative experiences.
Official website here: www.rocklandstrand.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Friends Of The Strand Theatre Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity scored 81% in this area, demonstrating a strong commitment to transparency and responsible fiscal management. The high score reflects positively on its governance practices, including having a fully independent board and robust policies in place for conflicts of interest and whistleblowing.
The organization boasts a commendable program expense ratio of 79.34%, which indicates that a significant portion of its expenses is directed towards its programs and mission. Additionally, the charity has no material diversion of assets, which enhances its credibility and trustworthiness. The low liabilities to assets ratio of 3.76% further signifies its strong financial health.
However, while the overall rating is satisfactory, it is solely based on accountability and finance metrics, and there may be limited insights into the charity's impact or effectiveness in achieving its mission. Future evaluations could benefit from a broader assessment of its programmatic outcomes and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Strand Theatre Inc legitimate?
Friends Of The Strand Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Strand 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $454,174
For more financial information, click here
Official website here: www.rocklandstrand.com
What is the mission statement of Friends Of The Strand Theatre Inc?
The mission of Friends Of The Strand Theatre Inc is centered around owning and operating a theater for educational purposes. They aim to make various cultural and creative events, including traditional theater, accessible to the community. The organization works towards promoting and advancing shared cultural and creative experiences, thereby enhancing the quality of life. Furthermore, they prioritize preserving and maintaining the theater as a historic and valuable asset for the community. Friends Of The Strand Theatre Inc also engages in any lawful activities authorized by their board of directors, aligning with their non-profit status.
Official website here: www.rocklandstrand.com
What is the revenue of Friends Of The Strand Theatre Inc?
Friends Of The Strand Theatre Inc's revenue in 2023 was $774,608.
Official website here: www.rocklandstrand.com
Who are the executives of Friends Of The Strand Theatre Inc and what are their salaries?
The average compensation at Friends Of The Strand Theatre Inc during 2023 was $32,441. There are 14 employees and 30 volunteers at Friends Of The Strand Theatre Inc.
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Official website here: www.rocklandstrand.com
Where can I find the form 990 for Friends Of The Strand Theatre Inc?
Friends Of The Strand Theatre Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rocklandstrand.com
Learn more at the official website: www.rocklandstrand.com
Mission Statement of Friends Of The Strand Theatre Inc
Friends of the Strand Theatre Inc, as a nonprofit organization, is committed to owning and operating the Strand Theatre in Rockland, Maine, for educational purposes. Their primary mission is threefold. Firstly, they aim to make available a diverse range of cultural and creative events, as well as traditional theater performances, to the community. This not only provides entertainment but also fosters shared cultural experiences.
Secondly, Friends of the Strand Theatre Inc strives to promote and advance these shared cultural and creative experiences within the community. By doing so, they aim to enhance the quality of life for its residents. This is achieved by preserving and maintaining the Strand Theatre as a historic and valuable community asset. By preserving this iconic theater, they are contributing to the cultural and artistic heritage of their community.
Lastly, Friends of the Strand Theatre Inc is authorized by its board of directors to engage in any other lawful activity that aligns with their mission and falls under Section 501(C)(3). This flexibility allows the organization to adapt and respond to the evolving needs and interests of their community, while always maintaining their commitment to education, culture, and community enrichment.
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Impact
July, 2024
Friends Of The Strand Theatre Inc's impact is significant in Rockland, Maine. The organization owns, maintains, and operates the Strand Theatre for the benefit of the local community of film, music, theater, and arts supporters. By offering a year-round program of diverse cultural events, including film screenings, live music, and special performances, the theater demonstrates its commitment to serving the needs and interests of the community.
Furthermore, Friends Of The Strand Theatre Inc's education program provides free arts programming to local students, offering live performances, workshops, film screenings, and historical tours. The organization also makes low or no-cost tickets available to students of all ages for various scheduled programs, fostering greater access to the arts.
Moreover, by subsidizing events hosted by community organizations and offering discounted rates to non-profit groups for fundraisers and other events, Friends Of The Strand Theatre Inc plays a crucial role in supporting the local community and providing a central venue for these activities on Main Street. This support allows organizations to host events free or at a low cost, enabling them to reinvest funds raised back into their own budgets.
Overall, Friends Of The Strand Theatre Inc's impact extends beyond entertainment and cultural enrichment to actively enriching the community, fostering artistic expression, and promoting the accessibility of the arts in Rockland, Maine.
This information is meant to be a general summary of Friends Of The Strand 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: $9,484
- Program Service Revenue: $281,626
- Gross Receipts: $1,034,712
Assets and Liabilities:
- Total Assets: $1,047,643
- Total Liabilities: $35,223
- Net Assets: $1,012,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIVE EVENT INCOME
Revenue
$138,260
FILM INCOME
Revenue
$77,654
BROADCAST EVENT INCOME
Revenue
$63,997
EDUCATIONAL/COMMUNITY PROGRAM
Revenue
$1,715
Organization Details
Founding Year
2013
Principal Officer
Ellen Seidman
Website
www.rocklandstrand.comNTEE Category
Code: A31 - Arts
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