Overview
What is Friends Of The Penn Inc?
Friends of the Penn Inc., based in Plymouth, Michigan, is a dedicated nonprofit organization with a mission to preserve and operate the historic Penn Theatre. This venue serves as a platform for promoting cinematic, literary, and performing arts, engaging, inspiring, and educating the local community. The organization offers a diverse range of activities, including second-run films, documentaries, independent movies, family-friendly screenings, and classical films. Additionally, they offer educational school field trips and various community events, catering to a total of 20,162 patrons annually. With an active volunteer force of 49 individuals, Friends of the Penn Inc. endeavors to uphold the charm and significance of the Penn Theatre in Plymouth, Michigan.
Official website here: www.penntheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
Friends Of The Penn Inc has received a low score of 43% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization scores well in areas such as board independence and conflict of interest policies, it has notable weaknesses related to missing key policies for whistleblowing and document retention. This lack of transparency raises concerns about its governance practices.
Additionally, the organization has a low program expense ratio of 49.85%, suggesting that it may not be allocating a sufficient portion of its resources towards its programs. The liabilities to assets ratio is also concerning at 3.71%, which may indicate financial instability. Overall, while there are strengths in governance, the financial metrics and policy gaps could pose risks to potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Penn Inc legitimate?
Friends Of The Penn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Penn 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: $33,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,954
For more financial information, click here
Official website here: www.penntheatre.com
What is the mission statement of Friends Of The Penn Inc?
The mission of Friends Of The Penn Inc is centered around preserving, maintaining, and operating a historic theater as a platform for promoting cinematic, literary, and performing arts. This mission is achieved through dynamic programming that engages, inspires, and educates the community. The theater showcases a variety of films, including second-run, art, documentary, independent, family, and classic movies. It also hosts educational school field trips and other community events, aiming to serve a wide audience of 20,162 patrons annually. The organization relies on the support of 49 active volunteers to carry out its mission.
Official website here: www.penntheatre.com
What is the revenue of Friends Of The Penn Inc?
Friends Of The Penn Inc's revenue in 2023 was $267,965.
Official website here: www.penntheatre.com
Who are the executives of Friends Of The Penn Inc and what are their salaries?
The average compensation at Friends Of The Penn Inc during 2023 was $6,431. There are 14 employees and 61 volunteers at Friends Of The Penn Inc.
Here are 7 key members and their salaries:
- Compensation: $33,075
- 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.penntheatre.com
Where can I find the form 990 for Friends Of The Penn Inc?
Friends Of The Penn Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.penntheatre.com
Learn more at the official website: www.penntheatre.com
Mission Statement of Friends Of The Penn Inc
Friends of the Penn, a nonprofit organization, is dedicated to preserving, maintaining, and operating the historical Penn Theatre in Michigan as a space that fosters appreciation for cinematic, literary, and performing arts. Their charitable mission is to achieve this goal through dynamic programming that engages, inspires, and educates the community. The Penn Theatre serves as a platform for second-run, art, documentary, independent, family, and classic films, providing a diverse range of cinematic experiences. Additionally, the organization hosts educational school field trips and other community events, expanding the theatre's role beyond mere entertainment. With a dedicated team of 49 active volunteers, Friends of the Penn is committed to ensuring that the historic Penn Theatre continues to serve as a cultural hub, promoting appreciation for the arts and enriching the lives of its patrons, numbering 20,162, through its diverse programming.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Friends Of The Penn Inc has a significant impact on the Plymouth, Michigan community by preserving, maintaining, and operating the historic Penn Theatre. Through their diverse programming which includes second run, art, documentary, independent, family, and classic films, as well as educational school field trips and community events, they have served 20,162 patrons. With 220 activities organized and supported by 49 active volunteers, Friends Of The Penn Inc is actively promoting appreciation of cinematic, literary, and performing arts, engaging, inspiring, and educating the local community.
This information is meant to be a general summary of Friends Of The Penn 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 2023.
- Investment Income: $2,777
- Program Service Revenue: $97,833
- Gross Receipts: $303,657
Assets and Liabilities:
- Total Assets: $1,714,736
- Total Liabilities: $84,544
- Net Assets: $1,630,192
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE REVENUES
Revenue
$95,933
NON-MOVIE PROGRAMMING
Revenue
$1,900
Organization Details
Founding Year
2005
Principal Officer
Ellen Elliott
Website
www.penntheatre.comNTEE Category
Code: A65 - Arts
If you are a representative of Friends Of The Penn Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.