Overview
What is Lexington Theatre Company?
The Lexington Theatre Company, often referred to as THE LEX, is a distinguished nonprofit organization situated in Georgetown, Kentucky. With a team of 57 dedicated individuals, their primary mission is to produce professional theatre and nurture the development of future theatre artists. By doing so, they aim to provide the community with a shared experience of captivating storytelling. Their activities extend beyond stage performances, as they also strive to educate and mentor the next generation of theatre artists. The Lexington Theatre Company is a vital asset to their community, offering an enriching and inclusive platform for artistic expression and growth.
Official website here: www.lexingtontheatrecompany.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
The Lexington Theatre Company has received a solid Three-Star rating from Charity Navigator, reflecting its overall performance in accountability and finance as well as community engagement. With an Accountability & Finance Score of 84 and a Culture & Community Score of 89, the organization demonstrates a strong commitment to its mission and the communities it serves. Notably, it has a very low liabilities to assets ratio of 5.64%, which indicates a stable financial foundation.
One of the strengths of the organization is its governance structure, featuring a fully independent board of 13 members and a commendable audit and oversight committee that scored 15 out of 15 points. Additionally, the program expense ratio is high at 83.34%, suggesting that a significant portion of its resources is dedicated to its programs rather than administrative expenses. The organization also scores well on its equity strategies, receiving 89 out of 100 points.
However, there are some limitations in the nonprofit's operations. The absence of key policies, including a conflict of interest policy, whistleblower policy, and document retention policy, may raise questions about transparency and governance practices. Moreover, the failure to post its tax form on its website could hinder public access to important financial information. Addressing these areas could enhance the organization's accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lexington Theatre Company?
100% of 30 reviewers on Facebook recommend the Lexington Theatre Company. Here is a summary of their reviews:
Reviewers express high enthusiasm for the productions, with particular praise for "The Music Man," which many described as "awesome." The overall sentiment reflects a strong appreciation for the quality of performances, showcasing the company’s ability to engage and entertain its audience effectively.
Overall, people feel that the Lexington Theatre Company delivers an excellent theatrical experience, leaving attendees looking forward to future shows and recommending it to others. This positive reception highlights the nonprofit's commitment to providing top-notch performances within the community.
This AI summary has been generated from reviews found on Facebook.
Is Lexington Theatre Company legitimate?
Lexington Theatre Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Theatre Company 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: $295,291
For more financial information, click here
Official website here: www.lexingtontheatrecompany.org
What is the mission statement of Lexington Theatre Company?
The Lexington Theatre Company's mission is centered around creating professional theatre and nurturing the upcoming generation of theatre artists. This dual purpose is intended to provide the community with an opportunity to engage in a collective experience of captivating storytelling, while simultaneously fostering the development of talented individuals in the field of theatre.
Official website here: www.lexingtontheatrecompany.org
Who is the CEO of Lexington Theatre Company?
Jeromy Smith is the President of Lexington Theatre Company.
Official website here: www.lexingtontheatrecompany.org
What is the revenue of Lexington Theatre Company?
Lexington Theatre Company's revenue in 2022 was $899,248.
Official website here: www.lexingtontheatrecompany.org
Who are the executives of Lexington Theatre Company and what are their salaries?
The average compensation at Lexington Theatre Company during 2022 was $5,181. There are 57 employees at Lexington Theatre Company.
Here are 12 key members and their salaries:
- Compensation: $40,040
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- Other: $0
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Official website here: www.lexingtontheatrecompany.org
Where can I find the form 990 for Lexington Theatre Company?
Lexington Theatre Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lexingtontheatrecompany.org
Learn more at the official website: www.lexingtontheatrecompany.org
Mission Statement of Lexington Theatre Company
The Lexington Theatre Company, a renowned nonprofit organization, is committed to two primary objectives. Firstly, it produces professional theatre productions that showcase masterful storytelling. This endeavor allows the community to engage in a shared experience, fostering a sense of unity and cultural enrichment. Secondly, the company is dedicated to nurturing the next generation of theatre artists. By providing them with a platform to hone their skills, Lexington Theatre Company ensures a continuous supply of talented individuals who will continue to enchant audiences with their performances. In essence, the company's mission is to bring world-class theatre to the community while fostering the growth and development of aspiring theatre artists.
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Impact
July, 2024
Lexington Theatre Company's impact lies in creating professional theatre and training the next generation of theatre artists. By doing so, they provide their community with a shared experience of masterful storytelling. Through their activities, they not only entertain and engage audiences but also contribute to the cultural enrichment of the community. Their dedication to fostering talent and promoting the arts helps to ensure the continued growth and vibrancy of the theatre industry.
This information is meant to be a general summary of Lexington Theatre Company. 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: $147
- Program Service Revenue: $514,575
- Gross Receipts: $899,248
Assets and Liabilities:
- Total Assets: $711,058
- Total Liabilities: $40,138
- Net Assets: $670,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$451,746
TUITION & MEMBERSHIP FEES
Revenue
$49,691
PROGRAM ADVERTISING
Revenue
$5,450
SPECIAL EVENT FEES
Revenue
$3,650
OUTREACH PROGRAM REVENUES
Revenue
$3,202
Organization Details
Phone
(859) 940-4450Principal Officer
Jeromy Smith
Main Address
101 BUFFALO RUN COURT, GEORGETOWN, KY, 40324
NTEE Category
Code: A65 - Arts
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