Overview
What is Washington Improvisational Theater Company?
The Washington Improvisational Theater Company, located at 762 Fairmont St NW, Washington DC 20001, is a nonprofit organization dedicated to fostering creativity through improv. Their mission involves engaging audiences with captivating performances that stimulate and inspire, while also igniting a sense of play within Washington's community. They offer a comprehensive training program, providing in-person and online improv classes and workshops to over 500 students from the DC region. WIT extends its reach beyond the classroom, forming collaborative partnerships with various local organizations such as Marie Reed Elementary, Sitar Arts Center, and Calvary Women's Services. The company's initiatives aim to empower individuals and promote a playful spirit within the Washington community, with a team of 7 dedicated employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Washington Improvisational Theater Company has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 94% overall, with its rating based entirely on the Accountability & Finance beacon, reflecting a strong commitment to transparency and responsible financial practices.
Strengths of the organization include a fully independent board, with 95% of board members being independent. The company demonstrates solid financial oversight, as indicated by a low liabilities to assets ratio of 6.58% and a program expense ratio of 71.03%, suggesting that the majority of funds are directed towards its programs. Furthermore, the organization has established robust policies for conflict of interest, whistleblower protections, and document retention, all contributing to its strong governance framework.
There are no significant limitations noted in the available data, which underscores the organization's effective management and operational practices. This strong rating reflects the company's commitment to maintaining high standards in financial transparency and accountability, reinforcing its reputation as a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Improvisational Theater Company legitimate?
Washington Improvisational Theater Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Improvisational Theater Company 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: $85,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,682
For more financial information, click here
What is the mission statement of Washington Improvisational Theater Company?
The Washington Improvisational Theater Company's mission is centered around unlocking the creative potential of improvisation. They achieve this by presenting captivating performances that energize and motivate audiences. Furthermore, the company fosters a playful spirit in the community through an innovative training program. This program is designed to engage individuals, offering in-person and online classes and workshops. The organization also strengthens its connections with various community organizations, including Marie Reed Elementary, Sitar Arts Center, Armed Services Arts Partnership, Calvary Women's Services, Capitol Hill Village, and Project Create.
Who is the CEO of Washington Improvisational Theater Company?
Mark Chalfant is the Artistic & Executive Director of Washington Improvisational Theater Company.
What is the revenue of Washington Improvisational Theater Company?
Washington Improvisational Theater Company's revenue in 2022 was $1,185,590.
Who are the executives of Washington Improvisational Theater Company and what are their salaries?
The average compensation at Washington Improvisational Theater Company during 2022 was $47,250. There are 7 employees and 25 volunteers at Washington Improvisational Theater Company.
Here are 24 key members and their salaries:
- Compensation: $54,142
- Related: $1,624
- Other: $31,598
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Where can I find the form 990 for Washington Improvisational Theater Company?
Washington Improvisational Theater Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Washington Improvisational Theater Company
Washington Improvisational Theater Company, often referred to as WIT, is dedicated to unleashing the creative potential of improvisation in Washington, D.C. The organization achieves this by engaging audiences with captivating and inspiring performances. Moreover, WIT ignites a sense of play in the Washington community through its revolutionary training program. This mission is not just limited to performances, but also extends to education, as WIT offers improv classes and workshops to students from various parts of the DC region. The company's commitment to community outreach is evident in its partnerships with various organizations, such as Marie Reed Elementary, Sitar Arts Center, Armed Services Arts Partnership, Calvary Women's Services, Capitol Hill Village, and Project Create. These collaborations expand WIT's reach, allowing it to engage with a wider audience and inspire creativity in diverse communities.
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Impact
July, 2024
Washington Improvisational Theater Company's impact in Washington, DC is profound. Through their innovative approach to improv, they have engaged audiences with performances that exhilarate and inspire. They have also ignited the spirit of play within the community through their revolutionary training program, reaching over 567 students from throughout the DC region. In addition, their community partnerships with organizations such as Marie Reed Elementary, Sitar Arts Center, and Capitol Hill Village have allowed them to further extend their impact and reach. By offering in-person and online improv classes and workshops, as well as free Improv for All workshops, Washington Improvisational Theater Company is making a significant contribution to the arts and creative expression in the city.
This information is meant to be a general summary of Washington Improvisational Theater Company. 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: $1,595
- Program Service Revenue: $366,444
- Gross Receipts: $1,185,590
Assets and Liabilities:
- Total Assets: $1,346,045
- Total Liabilities: $88,955
- Net Assets: $1,257,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$228,531
WIT@Work
Revenue
$66,130
Performances
Revenue
$71,399
Non-inventory sales
Revenue
$384
Organization Details
Founding Year
1987
Phone
(202) 204-7770Principal Officer
Mark Chalfant
Main Address
762 Fairmont St NW, Washington, DC, 20001
NTEE Category
Code: A65 - Arts
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