Temple Theatre Co Inc

Charity Navigator Rating: 33%

Temple Theatre Co Inc has received a low rating of 33%, translating to a Zero-Star out of Four Star rating, which indicates significant concerns regarding its financial practices and accountability. While the organization does have a fully independent board of members, it has failed to provide vital financial statements and lacks key policy documents such as a whistleblower and document retention policy, which are essential for transparency.

The strengths of the organization include a completely independent board and the absence of material diversion of assets, which suggests good governance in some areas. However, the lack of financial reporting and oversight raises red flags about its overall financial health and transparency. The program expense ratio stands at 41.56%, showing that a considerable portion of its budget is directed towards program services, although the overall picture remains troubling due to its low accountability score.

Overall, Temple Theatre Co Inc exhibits some positive governance attributes, yet the significant deficiencies in financial reporting and policy documentation overshadow these strengths. Stakeholders and potential donors may want to approach their support with caution until the organization resolves these critical issues.

This AI summary has been generated from information found on Charity Navigator.

Temple Theatre Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Temple Theatre Co 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: $99,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,170

For more financial information, click here

Official website here: www.templeshows.com