Overview
What is Olney Theatre Corporation Inc?
Olney Theatre Corporation Inc, located in Olney, Maryland, serves as a dynamic nonprofit organization committed to showcasing live theater performances. With a team of 213 dedicated individuals, they operate three theaters – the Mainstage, 1938 Original Theatre, and Multi-Z Gueldsky Theatre Lab – providing a diverse range of productions. Their offerings span across three categories: contemporary, classic, and family-oriented, ensuring a broad appeal to various interests. Each season brings about 7-9 productions, some of which are world and regional premieres, as well as reimagined plays and musicals. They also collaborate with other theater companies and independent artists to enrich their programming, which includes Theater for Young Audiences (TYA) and a summer concert series. Additionally, Olney Theatre Corporation Inc hosts numerous free and low-cost community and engagement activities throughout the year, relating to their productions and performances. Their primary objective is to promote and produce theatrical works, presenting original, classical, and experimental plays in public and private theaters and auditoriums.
Official website here: www.olneytheatre.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)**
Olney Theatre Corporation Inc has earned an impressive Four-Star rating from Charity Navigator, demonstrating strong performance in Accountability & Finance. This rating underscores the organization's commitment to transparency and responsible financial management, with a 95% score in this area. Notably, the organization boasts a fully independent board and effective oversight mechanisms, contributing to its high accountability standards.
In terms of operational strengths, Olney Theatre demonstrates robust financial health with low liabilities relative to assets and an excellent fundraising efficiency ratio. Their program expense ratio of over 67% indicates that a significant portion of their expenditures is directed toward their programs, which is a positive sign of their mission-driven work. However, it is worth noting that areas such as impact measurement and culture/community impact have not been scored, suggesting potential for growth or further evaluation.
Unfortunately, user reviews from GreatNonprofits are not available at this time, so additional insights from the community regarding the organization's performance or areas of improvement cannot be provided. Overall, Olney Theatre Corporation appears to maintain strong organizational practices based on available financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Olney Theatre Corporation Inc legitimate?
Olney Theatre Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olney Theatre Corporation 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: $331,498
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,230,026
For more financial information, click here
Official website here: www.olneytheatre.org
What is the mission statement of Olney Theatre Corporation Inc?
Olney Theatre Corporation Inc's primary objective is centered around promoting and producing theatrical works. This is achieved through the presentation of original, classical, and experimental plays in various public and private theaters and auditoriums. The corporation's mission extends beyond just staging performances. It includes producing a diverse range of productions, from contemporary pieces to classical repertoires, appealing to a vast array of interests. Additionally, Olney Theatre Corporation Inc provides a platform for other theater companies and independent artists, enriching its programming with a variety of offerings, such as Theater for Young Audiences and a summer concert series. Furthermore, the corporation is committed to engaging with the community through free and low-cost activities that relate to its productions and performances.
Official website here: www.olneytheatre.org
Who is the CEO of Olney Theatre Corporation Inc?
Deborah Ellinghaus is the Board Member of Olney Theatre Corporation Inc.
Official website here: www.olneytheatre.org
What is the revenue of Olney Theatre Corporation Inc?
Olney Theatre Corporation Inc's revenue in 2022 was $9,983,104.
Official website here: www.olneytheatre.org
Who are the executives of Olney Theatre Corporation Inc and what are their salaries?
The average compensation at Olney Theatre Corporation Inc during 2022 was $21,416. There are 213 employees and 150 volunteers at Olney Theatre Corporation Inc.
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Official website here: www.olneytheatre.org
Where can I find the form 990 for Olney Theatre Corporation Inc?
Olney Theatre Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olneytheatre.org
Learn more at the official website: www.olneytheatre.org
Mission Statement of Olney Theatre Corporation Inc
Olney Theatre Corporation Inc is dedicated to the promotion and production of theatrical works. They achieve this objective by presenting original, classical, and experimental plays in various public and private theaters and auditoriums. The corporation's mission encompasses a wide range of theatrical genres, including contemporary, classical, and family-oriented productions. Each season, Olney Theatre Corporation Inc offers 7-9 productions as part of their membership series, which are available for single-ticket purchase. These productions include world and regional premieres, as well as re-imaginings of plays and musicals that cater to diverse interests.
Beyond their own productions, Olney Theatre Corporation Inc also provides a platform for other theater companies and independent artists, adding to the variety of programming. They offer Theater for Young Audience (TYA) performances and a summer concert series on the Root Family Outdoor Stage. To make their theatrical offerings more accessible, Olney Theatre Corporation Inc hosts multiple free and low-cost community and engagement activities throughout the year. These activities are related to their productions and performances, ensuring that their mission extends beyond the stage to engage with their audience.
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Impact
July, 2024
Olney Theatre Corporation Inc's impact lies in enriching the community through the promotion and production of a diverse range of theatrical works. By presenting original, classical, and experimental plays in various theaters and auditoriums, Olney Theatre engages audiences with thought-provoking and entertaining performances. Its multi-faceted approach, including contemporary, classic, and family productions, ensures that there is something for everyone to enjoy. Additionally, the organization's commitment to hosting community and engagement activities, as well as supporting other theater companies and independent artists, contributes to a vibrant and inclusive cultural scene. Through its dedication to the arts, Olney Theatre Corporation Inc enhances the quality of life for residents and visitors alike.
This information is meant to be a general summary of Olney Theatre Corporation 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: $29,267
- Program Service Revenue: $2,731,378
- Gross Receipts: $10,063,048
Assets and Liabilities:
- Total Assets: $19,570,202
- Total Liabilities: $1,315,798
- Net Assets: $18,254,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SINGLE TICKET
Revenue
$1,787,056
SUBSCRIPTIONS
Revenue
$265,350
NP PERFORMANCE
Revenue
$180,560
GROUP TICKET SALES
Revenue
$110,297
Organization Details
Founding Year
1979
Phone
(301) 924-4485Principal Officer
Deborah Ellinghaus
Main Address
2001 OLNEY-SANDY SPRING ROAD, OLNEY, MD, 20832
Website
www.olneytheatre.orgNTEE Category
Code: A650 - Arts
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