Overview
What is The Tivoli Theatre Foundation Inc?
The Tivoli Theatre Foundation Inc is a nonprofit organization based in Chattanooga, Tennessee, dedicated to operating the historic Tivoli Theatre and Soldiers & Sailors Memorial Auditorium. These venues serve as performing arts spaces for the community and other entities, fostering artistic and educational activities. The foundation preserves and restores these landmarks, ensuring their historical significance. They also lease parts of the Tivoli Center to third parties and charitable organizations, furthering their mission. By providing access to these venues and promoting public awareness of the performing arts, the Tivoli Theatre Foundation aims to increase appreciation and understanding of the theatrical arts within the community. With a team of 28 employees, they continue their efforts to maintain, renovate, and improve the Tivoli Theatre, the Soldiers & Sailors Memorial Auditorium, and the Robert Kirk Walker Community Theatre.
Official website here: www.tivolichattanooga.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating from Charity Navigator.
The Tivoli Theatre Foundation Inc has received a commendable Four-Star rating, reflecting its strong performance in accountability and finance. With a score of 96%, the foundation demonstrates a commitment to transparency and responsible financial management, ensuring that the majority of its resources are directed toward its programs.
Key strengths of the organization include an entirely independent board, which enhances governance and oversight. The foundation has also established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, which further solidify its ethical framework. Additionally, the financial ratios indicate a low level of liabilities relative to assets and a high percentage of program expenses, suggesting that funds are effectively utilized for mission-driven activities.
Despite the positive rating, it's essential for potential donors and stakeholders to consider the foundation's specific programs and initiatives to fully understand its impact. Overall, The Tivoli Theatre Foundation Inc stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Tivoli Theatre Foundation Inc legitimate?
The Tivoli Theatre Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tivoli Theatre Foundation 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: $508,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $927,102
For more financial information, click here
Official website here: www.tivolichattanooga.com
What is the mission statement of The Tivoli Theatre Foundation Inc?
The Tivoli Theatre Foundation Inc is dedicated to providing performing arts venues for the community and other entities and individuals for artistic and educational activities. It achieves this by owning, holding, leasing, operating, maintaining, renovating, and improving certain real properties, collectively referred to as the Venues, located in Chattanooga, Tennessee. The Foundation preserves and restores these venues as historical landmarks if appropriate. Additionally, it leases the Tivoli Center, or parts thereof, to third parties and other charitable organizations in support of its mission. The Foundation aims to increase public awareness, appreciation, and understanding of the theatrical and performing arts by providing these venues.
Official website here: www.tivolichattanooga.com
Who is the CEO of The Tivoli Theatre Foundation Inc?
Nicholas A Wilkinson is the CEO of The Tivoli Theatre Foundation Inc The CEO's salary of The Tivoli Theatre Foundation Inc is $273,630 and their total compensation is $273,630.
Official website here: www.tivolichattanooga.com
What is the revenue of The Tivoli Theatre Foundation Inc?
The Tivoli Theatre Foundation Inc's revenue in 2024 was $16,821,723.
Official website here: www.tivolichattanooga.com
Who are the executives of The Tivoli Theatre Foundation Inc and what are their salaries?
The average compensation at The Tivoli Theatre Foundation Inc during 2024 was $47,862. There are 30 employees at The Tivoli Theatre Foundation Inc.
Here are 26 key members and their salaries (The Tivoli Theatre Foundation Inc's CEO's salary is $273,630 and their total compensation is $273,630):
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Official website here: www.tivolichattanooga.com
Where can I find the form 990 for The Tivoli Theatre Foundation Inc?
The Tivoli Theatre Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tivolichattanooga.com
Learn more at the official website: www.tivolichattanooga.com
Mission Statement of The Tivoli Theatre Foundation Inc
The Tivoli Theatre Foundation Inc is a nonprofit organization dedicated to owning, holding, leasing, operating, maintaining, renovating, and improving certain real properties, collectively referred to as the Venues, in order to provide performing arts venues for the community and other entities and individuals for artistic and educational activities. This mission extends to preserving and restoring these venues as historical landmarks, if appropriate, and leasing the Tivoli Center to third parties and other charitable organizations in support of the corporation's goals.
Furthermore, The Tivoli Theatre Foundation Inc strives to provide the general public with a greater awareness, appreciation, and understanding of the theatrical and performing arts. By offering a variety of artistic and educational activities, the organization aims to engage and inspire the community, fostering a vibrant and diverse cultural scene. With a focus on historical preservation and community engagement, The Tivoli Theatre Foundation Inc has become a vital and integral part of the local arts landscape.
Through the operation and maintenance of the Venues, The Tivoli Theatre Foundation Inc offers a platform for both established and emerging artists to showcase their talents, ultimately enriching the cultural fabric of the community. The organization's commitment to historical preservation ensures that these venues are not only cherished spaces for contemporary performances but also serve as vital links to the past, providing future generations with a rich and enduring legacy of artistic and cultural achievement.
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Impact
October, 2024
The Tivoli Theatre Foundation Inc plays a vital role in the cultural landscape of Chattanooga, Tennessee, by operating historic performing arts venues that foster creativity and community engagement. The foundation manages the Tivoli Theatre and the Soldiers and Sailors Memorial Auditorium, providing spaces for a diverse range of artistic and educational activities.
By preserving and restoring these venues as historical landmarks, the foundation ensures that the rich heritage of the community is maintained for future generations. This effort not only enhances local pride but also attracts visitors who contribute to the area’s economy. Additionally, the foundation leases parts of the Tivoli Center to third parties and other charitable organizations, further extending its reach and impact within the community.
The Tivoli Theatre Foundation Inc significantly increases public awareness and appreciation for the performing arts, allowing individuals to experience a variety of cultural events. Its commitment to maintaining and improving these venues ensures they remain accessible and vibrant spaces for artistic expression, education, and community gatherings. Ultimately, the foundation’s impact extends beyond the theaters themselves, enriching the lives of residents and contributing to the cultural fabric of Chattanooga.
This information is meant to be a general summary of The Tivoli Theatre Foundation 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: $624,932
- Program Service Revenue: $11,816,872
- Gross Receipts: $17,323,147
Assets and Liabilities:
- Total Assets: $19,745,641
- Total Liabilities: $3,009,343
- Net Assets: $16,736,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$10,510,744
THEATRE RENT & FEES
Revenue
$1,277,015
EDUCATION PROGRAM
Revenue
$29,113
Organization Details
Founding Year
2014
Principal Officer
Carol Seal
Website
www.tivolichattanooga.comNTEE Category
Code: A60 - Arts
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