Overview
What is Musical Theatre Factory Inc?
Musical Theatre Factory Inc, located at 440 Lafayette Street, New York, NY 10003, is a nonprofit organization dedicated to supporting musical theatre artists. Their mission is to provide a nurturing environment free from the pressures of critical and commercial success, enabling artists to develop and present new creative work collectively. With a team of nine individuals, the organization fosters collaboration and offers a platform for artists to showcase their innovative projects, contributing to the evolving landscape of musical theatre.
Official website here: www.mtf.nyc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Musical Theatre Factory Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with an overall score of 75%. The organization excels in governance, with 92% of its board members being independent and no material diversion of assets reported. However, it lacks a conflict of interest policy, which negatively impacted its accountability score.
The charity demonstrates strong financial health with a program expense ratio of 65.68%, indicating a significant portion of its budget is directed towards its mission-related activities. The organization also showcases remarkable strength in culture and community, achieving a perfect score of 100 in feedback collection, usage, and overall practices. This suggests that Musical Theatre Factory Inc actively engages with its community and incorporates feedback into its operations.
While the strengths in equity strategies and data reflect a commitment to inclusivity, the noted absence of a conflict of interest policy is a limitation that may warrant attention. Overall, Musical Theatre Factory Inc appears to be a well-managed nonprofit that values community input and strives for operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Musical Theatre Factory Inc legitimate?
Musical Theatre Factory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musical Theatre Factory 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: $58,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,298
For more financial information, click here
Official website here: www.mtf.nyc
What is the mission statement of Musical Theatre Factory Inc?
Musical Theatre Factory Inc is committed to assisting musical theatre artists in the development and presentation of new work in a collaborative environment, shielding them from the pressures of both critical and commercial successes. The organization provides a space where artists can create and showcase their innovative pieces, fostering a supportive atmosphere that encourages growth and creativity. By alleviating the weight of external expectations, Musical Theatre Factory Inc aims to nurture artists, enabling them to push the boundaries of musical theatre.
Official website here: www.mtf.nyc
What is the revenue of Musical Theatre Factory Inc?
Musical Theatre Factory Inc's revenue in 2024 was $300,839.
Official website here: www.mtf.nyc
Who are the executives of Musical Theatre Factory Inc and what are their salaries?
The average compensation at Musical Theatre Factory Inc during 2024 was $18,462. There are 9 employees at Musical Theatre Factory Inc.
Here are 14 key members and their salaries:
- Compensation: $50,077
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- Compensation: $44,166
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Official website here: www.mtf.nyc
Where can I find the form 990 for Musical Theatre Factory Inc?
Musical Theatre Factory Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mtf.nyc
Learn more at the official website: www.mtf.nyc
Mission Statement of Musical Theatre Factory Inc
Musical Theatre Factory Inc, a nonprofit organization, is dedicated to supporting musical theatre artists in their journey of developing and presenting new creative work. Operating in a collaborative atmosphere, the organization aims to shield artists from the pressures that often accompany critical and commercial successes. By providing a safe space for artists to experiment and grow, Musical Theatre Factory Inc empowers them to bring their unique visions to life, fostering innovation and creativity within the musical theatre community.
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Impact
July, 2024
Musical Theatre Factory Inc has made a significant impact by providing a supportive and collaborative environment for musical theatre artists to develop and present new work. By creating a space free from the pressures of critical and commercial success, the organization has enabled artists to explore and experiment without constraints. This has led to the nurturing of creativity and innovation within the musical theatre community. Through its efforts, Musical Theatre Factory Inc has played a key role in fostering the growth and diversity of the arts scene, particularly in New York City.
This information is meant to be a general summary of Musical Theatre Factory 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 2024.
- Investment Income: $4
- Program Service Revenue: $4,784
- Gross Receipts: $347,152
Assets and Liabilities:
- Total Assets: $402,024
- Total Liabilities: $90,142
- Net Assets: $311,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$4,784
Organization Details
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