Overview
What is Cabot Performing Arts Center Inc?
Cabot Performing Arts Center Inc, commonly known as The Cabot, is a thriving nonprofit organization situated at 286 Cabot Street, Beverly, Massachusetts. Established post-pandemic, it has successfully organized over 130 live events and 70 movies, attracting a combined attendance of over 80,000 individuals. Committed to giving back to the community, it offers educational programs like In Focus Film Education and community discussions named Community Conversations. The In Focus program saw 60 students participating during the school year, while 1,000 individuals engaged in Community Conversations. Its primary mission is to preserve its historic theater and instill life into the community through a diverse range of programming that both entertains, educates, and inspires. With a dedicated workforce of 61 employees, The Cabot stands as a vibrant cultural hub for the local community.
Official website here: www.thecabot.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Star rating)**
Cabot Performing Arts Center Inc has received a commendable Four-Star rating from Charity Navigator, indicative of its strong accountability and financial health. With an impressive 93% score in Accountability & Finance, the organization demonstrates effective management of resources, evidenced by an excellent program expense ratio of over 80%. The presence of a majority independent board, which includes 20 independent members, ensures a high level of oversight and governance.
The organization excels in areas critical for transparency, such as having documented board meeting minutes and adhering to conflict of interest, whistleblower, and document retention policies. These strong practices contribute to its noted culture and community score of 100, reflecting a commitment to engaging and responding to community feedback effectively.
While specifics regarding user reviews from GreatNonprofits were not available, the high accountability and comprehensive financial practices observed in its Charity Navigator evaluation paint a positive picture of the organization's operational integrity and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Cabot Performing Arts Center Inc legitimate?
Cabot Performing Arts Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cabot Performing Arts Center 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: $567,653
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,514,120
For more financial information, click here
Official website here: www.thecabot.org
What is the mission statement of Cabot Performing Arts Center Inc?
The Cabot Performing Arts Center Inc's mission is centered around preserving a historic theater and enriching the community through a variety of engaging, educational, and inspiring programming. By operating for a second year post-pandemic, they managed over 130 live events and 70 movies, attracting a combined audience of over 80,000 people. They are committed to giving back to the community through initiatives such as the In Focus Film Education Program and Community Conversations, with 60 students participating in the former and 1,000 attendees participating in the latter.
Official website here: www.thecabot.org
What is the revenue of Cabot Performing Arts Center Inc?
Cabot Performing Arts Center Inc's revenue in 2024 was $8,225,514.
Official website here: www.thecabot.org
Who are the executives of Cabot Performing Arts Center Inc and what are their salaries?
The average compensation at Cabot Performing Arts Center Inc during 2024 was $25,701. There are 81 employees and 83 volunteers at Cabot Performing Arts Center Inc.
Here are 25 key members and their salaries:
- Compensation: $239,660
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- Other: $26,182
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- Compensation: $109,003
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- Other: $10,362
- Compensation: $110,083
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- Compensation: $106,864
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- Other: $10,319
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Official website here: www.thecabot.org
Where can I find the form 990 for Cabot Performing Arts Center Inc?
Cabot Performing Arts Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thecabot.org
Learn more at the official website: www.thecabot.org
Mission Statement of Cabot Performing Arts Center Inc
Cabot Performing Arts Center Inc, a vibrant nonprofit organization, is dedicated to preserving its historic theater and enriching the community through diverse programming that entertains, educates, and inspires. Their mission is to breathe life back into the theater and foster a sense of community engagement, achieving this goal by presenting a wide array of events and movies that cater to various interests and age groups.
In its second year of operations post-pandemic, Cabot Performing Arts Center Inc hosted over 130 live events and 70 movies, drawing a combined attendance of more than 80,000 individuals. The organization's commitment to giving back to the community is evident through its initiatives, such as the In Focus Film Education Program and Community Conversations. The In Focus program, which enrolled 60 students during the school year, aims to educate and engage young minds through cinema, while Community Conversations provide a platform for open dialogue and discussion on various topics, attracting 1,000 attendees.
In essence, Cabot Performing Arts Center Inc serves as a cultural hub, leveraging its historic theater to bring people together, broaden their perspectives, and foster a sense of community unity through diverse and inspiring programming.
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Impact
July, 2024
Cabot Performing Arts Center Inc has had a significant impact in Beverly, MA by preserving its historic theater and bringing vibrancy to the community through diverse programming that entertains, educates, and inspires. In its second full year of operations post-pandemic, the organization hosted over 130 live events and 70 movies with a combined attendance of over 80,000. Additionally, Cabot Performing Arts Center Inc gives back to the community through initiatives like the In Focus Film Education Program, which had 60 students enrolled throughout the school year, and Community Conversations that drew in 1,000 attendees through 10 events. This organization is playing a crucial role in enriching the cultural fabric of Beverly, MA and beyond.
This information is meant to be a general summary of Cabot Performing Arts Center 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: $132,692
- Program Service Revenue: $5,192,063
- Gross Receipts: $9,115,052
Assets and Liabilities:
- Total Assets: $10,052,412
- Total Liabilities: $1,794,874
- Net Assets: $8,257,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$5,171,614
SPONSORSHIP - EVENT EXPENSES
Revenue
$20,449
Organization Details
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