Overview
What is The Maryland Theatre Association?
The Maryland Theatre Association, located at 21 South Potomac Street, Hagerstown, MD 21740, is a dedicated nonprofit organization. Its primary focus is the preservation and maintenance of the Maryland Theatre, serving the citizens of Washington County, Maryland, and its surrounding area. The association operates as a performing arts center, utilizing all revenue solely for the theater's operations. Its mission is twofold: preserving and restoring the Maryland Theatre as a historical property, and providing high-quality entertainment, educational, and cultural offerings to the broader community. With a team of 13 dedicated individuals, the Maryland Theatre Association strives to enlighten and engage its local community through artistic experiences.
Official website here: www.mdtheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Maryland Theatre Association has received an 84% score from Charity Navigator, indicating a solid level of accountability and financial management. The organization boasts a fully independent board, which reflects positively on its governance structure. Additionally, their financials are well-managed, as shown by a low liabilities to assets ratio and a strong program expense ratio, suggesting that the majority of their funding is directed toward their mission.
However, there are several areas for improvement noted in their evaluation. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about transparency and operational integrity. Additionally, the organization has not made its tax forms available on its website, which could limit public access to important financial information.
Overall, while The Maryland Theatre Association demonstrates effective financial practices and governance, addressing the noted deficiencies in policies and document accessibility would enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Maryland Theatre Association legitimate?
The Maryland Theatre Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maryland Theatre Association 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: $114,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $618,199
For more financial information, click here
Official website here: www.mdtheatre.org
What is the mission statement of The Maryland Theatre Association?
The Maryland Theatre Association operates a performing arts center, utilizing all revenue for its operations. Its mission is to preserve, restore, and maintain the Maryland Theatre as a historical property. Additionally, the association aims to provide high-quality entertainment, educational, and cultural offerings to the community at large, serving to enlighten and educate the citizens of Washington County, Maryland, and the surrounding area.
Official website here: www.mdtheatre.org
What is the revenue of The Maryland Theatre Association?
The Maryland Theatre Association's revenue in 2024 was $2,112,353.
Official website here: www.mdtheatre.org
Who are the executives of The Maryland Theatre Association and what are their salaries?
The average compensation at The Maryland Theatre Association during 2024 was $52,356. There are 14 employees and 107 volunteers at The Maryland Theatre Association.
Here are 18 key members and their salaries:
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Official website here: www.mdtheatre.org
Where can I find the form 990 for The Maryland Theatre Association?
The Maryland Theatre Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mdtheatre.org
Learn more at the official website: www.mdtheatre.org
Mission Statement of The Maryland Theatre Association
The Maryland Theatre Association, a nonprofit organization, is primarily dedicated to the operation of a performing arts center. The revenue generated from this facility is solely utilized for its maintenance and upkeep. The association's mission is multifaceted. It aims to preserve, restore, and maintain the Maryland Theatre as a historical property, honoring its rich heritage. Simultaneously, the organization strives to provide the community at large with quality entertainment, educational, and cultural offerings. Through these endeavors, the Maryland Theatre Association seeks to enlighten and educate the citizens of Washington County, Maryland, and its surrounding areas.
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Impact
July, 2024
The Maryland Theatre Association, as an operating performing arts center, has a significant impact on the cultural landscape of Washington County, Maryland, and the surrounding area. It plays a crucial role in preserving, restoring, and maintaining the historical property of The Maryland Theatre. Additionally, the association provides opportunities for the community to engage in quality entertainment, educational programs, and cultural offerings. Through its mission, The Maryland Theatre Association enriches the lives of citizens by promoting arts, education, and enlightenment in the area.
This information is meant to be a general summary of The Maryland Theatre Association. 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: $130,521
- Program Service Revenue: $1,099,464
- Gross Receipts: $2,235,362
Assets and Liabilities:
- Total Assets: $20,908,170
- Total Liabilities: $2,403,245
- Net Assets: $18,504,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY INCOME
Revenue
$1,048,600
SERVICE FEE INCOME
Revenue
$42,903
MISCELLANEOUS PROGRAM REVENUE
Revenue
$7,961
Organization Details
Founding Year
1978
Principal Officer
Beth Dellaposta
Website
www.mdtheatre.orgNTEE Category
Code: A610 - Arts
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