Overview
What is Carolina Theatre Of Durham Inc?
Carolina Theatre Of Durham Inc is a vibrant nonprofit organization situated in Durham, North Carolina, with an address at 309 West Morgan Street. Their primary mission is to contribute to the cultural and economic growth of their local community and the Triangle area by presenting a mix of local and national live performances. They host a diverse range of artists and genres, selling around 49,000 tickets for 64 performances annually. The Carolina Theatre is committed to fostering original and innovative stories, offering a platform for artists to create emotional and educational experiences. Their outreach programs, including education initiatives and film events, attract thousands of attendees, including many K-12 students. With a dedicated workforce of 106 employees, Carolina Theatre Of Durham Inc serves as a hub for the community, bringing people together to appreciate and celebrate the arts.
Official website here: www.carolinatheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Carolina Theatre Of Durham Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 92%, the organization demonstrates a solid foundation in governance, illustrated by its fully independent board and high scores across multiple accountability measures. The absence of any material diversion of assets further underscores its reliability.
The nonprofit excels particularly in its financial management, with 76.79% of its expenses directed towards programs, indicating a focused approach to fulfilling its mission. The organization has also established vital policies, such as conflict of interest and document retention, ensuring transparency in its operations. However, the lack of a whistleblower policy represents a small area for improvement in its governance practices.
Overall, Carolina Theatre Of Durham Inc stands out as a well-managed nonprofit with a strong emphasis on accountability. Its financial health and commitment to independent governance provide confidence to donors and stakeholders alike, although the organization may benefit from enhancing its internal policies further.
This AI summary has been generated from information found on Charity Navigator.
Is Carolina Theatre Of Durham Inc legitimate?
Carolina Theatre Of Durham Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Theatre Of Durham 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: $246,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,438,462
For more financial information, click here
Official website here: www.carolinatheatre.org
What is the mission statement of Carolina Theatre Of Durham Inc?
Carolina Theatre of Durham Inc's mission is centered around promoting original and innovative stories and works. They offer a platform for artists to engage audiences, fostering emotional and educational experiences that transform perspectives. The theatre is dedicated to serving the larger Durham and Triangle community, acting as a unifying space for culture, education, and arts appreciation. Their Education and Outreach programs attract a significant number of attendees, including thousands of K-12 students, while their live events attract nearly 100,000 audience members annually. The theatre's programming aims to contribute to the cultural, educational, and economic vitality of its region.
Official website here: www.carolinatheatre.org
Who is the CEO of Carolina Theatre Of Durham Inc?
Randy Mckay is the Immediate Past Chair of Carolina Theatre Of Durham Inc. The CEO's salary of Carolina Theatre Of Durham Inc is $135,855 and their total compensation is $143,136.
Official website here: www.carolinatheatre.org
What is the revenue of Carolina Theatre Of Durham Inc?
Carolina Theatre Of Durham Inc's revenue in 2023 was $3,832,955.
Official website here: www.carolinatheatre.org
Who are the executives of Carolina Theatre Of Durham Inc and what are their salaries?
The average compensation at Carolina Theatre Of Durham Inc during 2023 was $15,893. There are 106 employees and 130 volunteers at Carolina Theatre Of Durham Inc.
Here are 20 key members and their salaries (Carolina Theatre Of Durham Inc's CEO's salary is $135,855 and their total compensation is $143,136):
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- Compensation: $135,855
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- Compensation: $96,397
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- Other: $615
Official website here: www.carolinatheatre.org
Where can I find the form 990 for Carolina Theatre Of Durham Inc?
Carolina Theatre Of Durham Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carolinatheatre.org
Learn more at the official website: www.carolinatheatre.org
Mission Statement of Carolina Theatre Of Durham Inc
Carolina Theatre of Durham Inc's mission is centered around enriching the experiences of its audience through culturally and educationally stimulating programming. The theater is dedicated to serving its diverse community, inviting everyone to partake in and celebrate the arts. By presenting live performances and collaborating with local and national artists, Carolina Theatre contributes to the cultural and economic vitality of its region. Its Education and Outreach programs attract a significant number of attendees, including thousands of K-12 students, fostering an environment of learning and participation in the arts. The theater hosts a wide variety of live performances, selling tens of thousands of tickets and featuring a diverse range of artists and genres, ultimately driving cultural growth and engagement within the community.
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Impact
July, 2024
Carolina Theatre of Durham Inc's impact lies in its dedication to presenting vibrant and thought-provoking live performances that contribute to the cultural and economic vitality of downtown Durham and the Triangle area. Through hosting 64 Live Performances and selling 49,000 tickets, featuring a diverse array of artists and genres, the theatre has engaged the community and brought nearly 100,000 audience members to its historic venue. Additionally, their Education and Outreach programs attracted over 10,000 attendees, including 8,000 K-12 students, furthering their mission to reshape hearts and minds through the arts. Carolina Theatre serves as a space that brings the diverse community together to learn about, participate in, and celebrate the arts, ultimately enriching the experience of audiences and driving the cultural, educational, and economic vitality of the region.
This information is meant to be a general summary of Carolina Theatre Of Durham 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: $84,805
- Program Service Revenue: $2,768,299
- Gross Receipts: $4,022,507
Assets and Liabilities:
- Total Assets: $5,614,445
- Total Liabilities: $1,901,694
- Net Assets: $3,712,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
City Management Fee
Revenue
$732,566
Other Earned Income
Revenue
$604,477
Service Income
Revenue
$543,788
Rental Income
Revenue
$478,208
Ticket Sales
Revenue
$409,260
Organization Details
Founding Year
1992
Phone
(919) 560-3070Principal Officer
Randy Mckay
Main Address
309 West Morgan Street, Durham, NC, 277012119
Website
www.carolinatheatre.orgNTEE Category
Code: A65Z - Arts
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