Overview
What is Studio Theatre Of Li Inc?
Studio Theatre of LI Inc, situated in Lindenhurst, New York, serves as a cultural hub for theater enthusiasts. This nonprofit organization's primary mission is to offer classes and workshops, catering to both child and adult actors, aiming to enhance their skills and passion for theater. Furthermore, they provide professional teaching opportunities and produce plays during school hours, contributing to the local community by offering high-quality theater performances for avid patrons. The organization's location at 141 South Wellwood Ave, Lindenhurst, NY 11757, enables it to serve as a valuable cultural asset in the suburban area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star Rating
Studio Theatre Of Li Inc has received a low score of 40%, indicating significant concerns regarding its accountability and financial practices. The organization has a lack of independent board members, with a score of 0% in this area, which raises questions about governance and oversight. Additionally, the absence of essential financial documents and policies, such as financial statements and a conflict of interest policy, further contributes to the unfavorable rating.
Despite these governance issues, the nonprofit shows some strengths in its program expenses, with a ratio of 70.59%, suggesting that a substantial portion of its funds is directed towards its mission-related activities. The organization also scored well in the Culture & Community and Equity Strategies categories, achieving scores of 87, indicating that it might be effective in engaging with the community and promoting equity in its initiatives.
Overall, while Studio Theatre Of Li Inc demonstrates a commitment to its community programs, the lack of transparency and accountability in its financial practices and governance structure poses significant concerns for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Studio Theatre Of Li Inc legitimate?
Studio Theatre Of Li Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Studio Theatre Of Li 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,078
For more financial information, click here
What is the mission statement of Studio Theatre Of Li Inc?
Studio Theatre of LI Inc aims to serve as a cultural oasis in the suburbs, offering professional acting classes for both children and adults. The theater organization also provides school theater group classes, utilizing these groups to stage productions during school hours. Their primary goal is to provide quality shows for theater enthusiasts, while also offering a platform for aspiring actors to hone their skills.
Who is the CEO of Studio Theatre Of Li Inc?
Unavailable
What is the revenue of Studio Theatre Of Li Inc?
Studio Theatre Of Li Inc's revenue in 2021 was $857,194.
Who are the executives of Studio Theatre Of Li Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Studio Theatre Of Li Inc?
Studio Theatre Of Li Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Studio Theatre Of Li Inc
Studio Theatre Of Li Inc is committed to serving as a cultural hub, offering a much-needed space for theatre enthusiasts in the suburbs. Their mission is twofold: firstly, they provide professional teaching opportunities for both children and adults, helping to nurture and develop aspiring actors. Secondly, they offer school theater group classes, allowing students to produce plays during school hours, thereby providing a hands-on learning experience. In essence, Studio Theatre Of Li Inc aims to provide quality classes and workshops for actors and deliver engaging shows for avid theatre patrons, thereby enriching the cultural landscape.
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Impact
July, 2024
Studio Theatre Of Li Inc's impact lies in providing a much-needed cultural hub in the suburbia of Lindenhurst, NY. By offering professional teaching, classes for both child and adult actors, and school theater group classes to produce plays during school hours, the organization enhances the artistic experience for the community. Through their classes and workshops, Studio Theatre Of Li Inc not only nurtures aspiring actors but also cultivates a love for theater among avid patrons. This contributes to the enrichment of the local arts scene and fosters a vibrant creative environment in Lindenhurst.
This information is meant to be a general summary of Studio Theatre Of Li 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: $801,360
- Gross Receipts: $857,194
Assets and Liabilities:
- Total Assets: $302,516
- Total Liabilities: $427,539
- Net Assets: -$125,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Classes
Revenue
$801,360
Organization Details
Founding Year
2015
Main Address
141 South Wellwood Ave, Lindenhurst, NY, 11757
NTEE Category
Code: A65 - Arts
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