Overview
What is The Myrna Loy?
The Myrna Loy, situated in Helena, Montana, serves as an independent movie theater. Its mission is to stimulate artistic enthusiasm within the local community by exhibiting contemporary and culturally significant films that are not typically featured in commercial cinemas. The organization also encourages local and regional artists by providing support for their work, and fosters a lifelong appreciation for the arts through educational programs and artist residencies. With a team of 23 dedicated individuals, The Myrna Loy plays a vital role in enriching the cultural landscape of Helena.
Official website here: www.themyrnaloy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Myrna Loy has achieved a strong Four-Star rating from Charity Navigator, indicating excellent accountability and financial health. The overall score is derived entirely from its Accountability & Finance score of 94%. This high rating is significant as it reflects the organization’s commitment to transparency and responsible financial management, which is crucial for maintaining donor trust.
The nonprofit demonstrates exceptional governance practices, including a fully independent board of directors and policies in place for conflict of interest, whistleblowing, and document retention. It scored full marks on financial statements review and has no reported material diversion of assets. These strengths highlight The Myrna Loy's effective oversight and commitment to ethical operations.
However, while the program expense ratio is commendable at 68.30%, it could be beneficial for the organization to continue maximizing the impact of its program expenditures. Overall, The Myrna Loy stands out as a well-managed nonprofit that prioritizes accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Myrna Loy?
96% of 31 reviewers on Facebook recommend The Myrna Loy. Here is a summary of their reviews:
Many patrons are enthusiastic about the diverse array of offerings, highlighting the quality of movies and live performances. The inclusive atmosphere and engaging events are particularly appreciated, making it a popular destination in the community. Reviewers also enjoy the additional amenities such as munchies and on-tap kombucha, which add to the overall experience.
Overall, the sentiment is overwhelmingly positive, with patrons expressing satisfaction with the experiences provided. The Myrna Loy appears to consistently deliver enjoyable entertainment and a welcoming ambiance that resonates well with its audience.
This AI summary has been generated from reviews found on Facebook.
Is The Myrna Loy legitimate?
The Myrna Loy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Myrna Loy 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $262,513
For more financial information, click here
Official website here: www.themyrnaloy.com
What is the mission statement of The Myrna Loy?
The mission of this cultural institution, referred to as the subject entity, is to stimulate creativity among individuals in various locations by showcasing top-notch, culturally resonant films and performing arts. Additionally, it supports local and regional artists in their artistic pursuits and fosters a lasting appreciation for the arts through educational programs and residencies. By doing so, the entity aims to nurture a lifelong passion for the arts within its audience.
Official website here: www.themyrnaloy.com
What is the revenue of The Myrna Loy?
The Myrna Loy's revenue in 2024 was $911,668.
Official website here: www.themyrnaloy.com
Who are the executives of The Myrna Loy and what are their salaries?
The average compensation at The Myrna Loy during 2024 was $14,063. There are 24 employees and 20 volunteers at The Myrna Loy.
Here are 12 key members and their salaries:
- Compensation: $75,000
- Related: $0
- Other: $2,112
- Compensation: $50,000
- Related: $0
- Other: $715
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.themyrnaloy.com
Where can I find the form 990 for The Myrna Loy?
The Myrna Loy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.themyrnaloy.com
Learn more at the official website: www.themyrnaloy.com
Mission Statement of The Myrna Loy
The Myrna Loy, a distinguished organization, inspires the creative spirits of individuals living in and around Helena, Montana. By showcasing high-quality, culturally significant films and performing arts, this nonprofit seeks to engage the community. Beyond entertainment, The Myrna Loy also supports local and regional artists in their endeavors, providing a platform for their work. Furthermore, the organization is committed to fostering a lifelong love of the arts among its audience through educational programs and residencies. By nurturing these artistic passions, The Myrna Loy strives to enrich the lives of its community members.
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Impact
July, 2024
The Myrna Loy has had a significant impact on the cultural landscape in Helena, Montana and its surrounding areas. By presenting high-quality, culturally significant films and performing arts, The Myrna Loy inspires the creative spirits of the community. Additionally, the organization supports local and regional artists in their work, providing them with a platform to showcase their talent.
Through its independent movie theater, The Myrna Loy offers a unique opportunity for audiences to experience contemporary and culturally significant films that may not be available in commercial theaters. This helps broaden the cultural horizons of the community and provides a space for diverse artistic expression.
Furthermore, The Myrna Loy's focus on education and residencies helps nurture a lifelong love of the arts in people of all ages. By engaging with the community in a meaningful way, The Myrna Loy serves as a hub for artistic exploration and cultural enrichment.
Overall, The Myrna Loy's impact can be seen in its efforts to promote artistic excellence, support local artists, and foster a deep appreciation for the arts among the people of Helena, Montana.
This information is meant to be a general summary of The Myrna Loy. 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: $74,505
- Program Service Revenue: $181,156
- Gross Receipts: $993,222
Assets and Liabilities:
- Total Assets: $2,293,929
- Total Liabilities: $64,091
- Net Assets: $2,229,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales
Revenue
$181,156
Organization Details
Founding Year
1976
Principal Officer
Benji Cosgrove
Website
www.themyrnaloy.comNTEE Category
Code: A31Z - Arts
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