Overview
What is Key West Theater & Community Stage Inc?
Key West Theater & Community Stage Inc, located at 512 Eaton Street, Key West, Florida, serves as a vibrant hub for local artists. The nonprofit organization, with a team of 39 individuals, provides a platform for creative exploration, offering a concert series, variety shows, and locally-produced plays. Its primary mission is to foster creative excellence, quality entertainment, intellectual stimulation, and opportunities for growth in the community. The theater serves as a launchpad for local talent, encouraging intellectual and artistic development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Key West Theater & Community Stage Inc has received a score of 67%, which reflects its performance in accountability and finance. The organization has a strong aspect with 66% independent board members, indicating a good governance structure. However, the rating is impacted by several missing policies and documentation, such as the lack of a whistleblower policy and missing board meeting minutes, which are important for transparency and accountability.
The organization demonstrates responsible financial management, as evidenced by a program expense ratio of 73.12%, which suggests that a significant portion of its resources is directed towards its programs. Furthermore, it has a favorable liabilities to assets ratio of 20.81%, indicating that the organization is not overly burdened by debt. Nonetheless, the absence of critical governance documents may raise concerns among potential donors regarding the organization's operational transparency.
Overall, while Key West Theater & Community Stage Inc shows strengths in board independence and financial ratios, the deficiencies in governance and documentation could hinder its credibility with stakeholders. Improvements in these areas could enhance its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Key West Theater & Community Stage Inc legitimate?
Key West Theater & Community Stage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Key West Theater & Community Stage 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: $70,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,161
For more financial information, click here
What is the mission statement of Key West Theater & Community Stage Inc?
Key West Theater & Community Stage Inc serves as a platform, acting as a springboard to foster creative excellence, provide quality entertainment, stimulate intellect, present challenges, and offer opportunities. This theater and community stage aim to ignite artistic growth by offering a venue for local artists to create, explore, and showcase their work. Their offerings include concerts, variety shows, and locally written, directed, and acted plays. The mission of Key West Theater & Community Stage Inc is to provide a space where local talent can flourish and engage with the community.
Who is the CEO of Key West Theater & Community Stage Inc?
Anthony Farhat is the President of Key West Theater & Community Stage Inc.
What is the revenue of Key West Theater & Community Stage Inc?
Key West Theater & Community Stage Inc's revenue in 2021 was $467,426.
Who are the executives of Key West Theater & Community Stage Inc and what are their salaries?
The average compensation at Key West Theater & Community Stage Inc during 2021 was $4,061. There are 39 employees and 10 volunteers at Key West Theater & Community Stage Inc.
Here are 4 key members and their salaries:
- Compensation: $70,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Key West Theater & Community Stage Inc?
Key West Theater & Community Stage Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Key West Theater & Community Stage Inc
Key West Theater & Community Stage Inc serves as a dynamic platform, acting as a catalyst to foster creative brilliance, deliver high-quality entertainment, stimulate intellectual curiosity, present challenges, and offer opportunities. This nonprofit organization functions as a theater, community stage, and gathering place, providing a venue where local artists can create, explore, and showcase their talents. Through its concert series, variety shows, and locally written, directed, and acted plays, Key West Theater & Community Stage Inc offers a space for local talent to flourish, igniting a sense of artistic excellence and intellectual stimulation. The mission of this organization is to provide a platform that challenges and empowers artists, offering them opportunities to excel and engage with their audience.
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Impact
July, 2024
Key West Theater & Community Stage Inc, better known as KWTCS, serves as a vibrant hub for artistic expression and community engagement in Key West, Florida. Through its various programs and events, this organization plays a pivotal role in igniting creative excellence, providing quality entertainment, and fostering intellectual stimulation among the local populace.
KWTCS provides a platform for local artists to showcase their talents, explore their creativity, and collaborate with other like-minded individuals. By hosting a concert series, variety shows, and locally produced plays, the organization not only entertains the community but also nurtures the growth of budding talents in the region.
Furthermore, Key West Theater & Community Stage Inc acts as a gathering place where individuals can come together to appreciate the arts, challenge their own perceptions, and seize opportunities for personal and professional development. Through its mission of offering a space for local talent to flourish, the organization contributes significantly to the cultural landscape of Key West and creates a sense of unity and pride among residents.
In essence, the impact of Key West Theater & Community Stage Inc extends beyond the stage, enriching the lives of individuals, fostering creativity, and building a stronger sense of community in the region.
This information is meant to be a general summary of Key West Theater & Community Stage 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.
- Program Service Revenue: $114,961
- Gross Receipts: $503,836
Assets and Liabilities:
- Total Assets: $974,458
- Total Liabilities: $202,851
- Net Assets: $771,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDIO SALES
Revenue
$1,200
TICKET SALES THEATER PROD
Revenue
$113,761
Organization Details
Founding Year
2014
Phone
(917) 756-7538Principal Officer
Anthony Farhat
Main Address
512 EATON STREET, KEY WEST, FL, 33040
NTEE Category
Code: A65 - Arts
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