Overview
What is Hippodrome Foundation Inc?
Hippodrome Foundation Inc, based in an unspecified location, is a nonprofit organization primarily known for presenting the Broadway series at the France-Merrick Performing Arts Center. Their primary mission is to maximize community access to this cultural hub and foster a deeper appreciation for theater through free outreach and educational programs. These initiatives aim to broaden the understanding and enjoyment of various theater aspects, engaging a diverse audience.
Official website here: www.hippodromefoundation.org
What are the reviews and ratings of this charity?
**Rating: 88% (Three-Star out of Four Star Rating on Charity Navigator)**
The Hippodrome Foundation Inc earns an 88% rating, reflecting solid performance in Accountability & Finance. The rating indicates strong governance practices with a wholly independent board and a robust financial health assessment. However, the foundation's lack of ratings in Leadership & Adaptability, Culture & Community, and Impact & Measurement limits a comprehensive evaluation of its overall effectiveness.
Significant strengths noted in the organization's financial metrics include a high program expense ratio at 90.02%, demonstrating a commitment to directing funds towards its mission. The absence of any reported material diversion of assets also enhances its reputation for accountability. Despite these positives, the charity has not implemented essential policies like a whistleblower policy and document retention, which could hinder transparency.
Unfortunately, user reviews from GreatNonprofits are currently unavailable, limiting insights into public perception and engagement with the foundation. As such, the overall community sentiment toward the Hippodrome Foundation remains unclear.
This AI summary has been generated from information found on Charity Navigator.
Is Hippodrome Foundation Inc legitimate?
Hippodrome Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hippodrome 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: $142,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,109
For more financial information, click here
Official website here: www.hippodromefoundation.org
What is the mission statement of Hippodrome Foundation Inc?
The Hippodrome Foundation Inc's mission is focused on maximizing community access to the performing arts by presenting Broadway shows at the France-Merrick Performing Arts Center. Additionally, they aim to boost the understanding and appreciation of theater through free outreach and educational programs. These initiatives serve to enrich the community by broadening their exposure to various aspects of theatrical arts.
Official website here: www.hippodromefoundation.org
Who is the CEO of Hippodrome Foundation Inc?
Olive Waxter is the Member of Hippodrome Foundation Inc.
Official website here: www.hippodromefoundation.org
What is the revenue of Hippodrome Foundation Inc?
Hippodrome Foundation Inc's revenue in 2022 was $8,345,176.
Official website here: www.hippodromefoundation.org
Who are the executives of Hippodrome Foundation Inc and what are their salaries?
The average compensation at Hippodrome Foundation Inc during 2022 was $11,000. There are 40 employees and 550 volunteers at Hippodrome Foundation Inc.
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- Compensation: $142,895
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- Other: $43,790
Official website here: www.hippodromefoundation.org
Where can I find the form 990 for Hippodrome Foundation Inc?
Hippodrome Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hippodromefoundation.org
Learn more at the official website: www.hippodromefoundation.org
Mission Statement of Hippodrome Foundation Inc
The Hippodrome Foundation Inc's mission is centered around presenting the renowned Broadway series at a performing arts center, specifically the France-Merrick Performing Arts Center. By doing so, the foundation aims to maximize community access to these high-quality theatrical performances. Furthermore, the Hippodrome Foundation Inc extends its reach beyond the stage by offering a variety of free outreach and educational programs. These initiatives are designed to foster a deeper understanding and appreciation of theater among the community. Consequently, the foundation's activities contribute to broadening the audience's perspective on all aspects of this art form.
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Impact
July, 2024
Hippodrome Foundation Inc's impact is significant in enhancing community access to the France-Merrick Performing Arts Center through the presentation of the Broadway series at the Hippodrome. Additionally, the organization's free outreach and education programs contribute to increasing understanding and appreciation of all aspects of theater. These initiatives not only enrich the cultural landscape of Baltimore, MD, but also promote arts appreciation and education among diverse audiences.
This information is meant to be a general summary of Hippodrome 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 2022.
- Investment Income: $225,740
- Program Service Revenue: $1,567,644
- Gross Receipts: $9,061,630
Assets and Liabilities:
- Total Assets: $13,272,762
- Total Liabilities: $670,301
- Net Assets: $12,602,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UTILITY REIMBURSEMENT
Revenue
$947,478
THEATRE SUB-LEASE
Revenue
$265,732
PRESENTATION FEES
Revenue
$156,557
TICKET SALES/USHER
Revenue
$148,071
SUBSCRIPTION FEES
Revenue
$30,240
Organization Details
Founding Year
1976
Phone
(410) 727-7787Principal Officer
Olive Waxter
Main Address
416 WEST BALTIMORE, BALTIMORE, MD, 21201
Website
www.hippodromefoundation.orgNTEE Category
Code: A610 - Arts
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