Overview
What is Lake Worth Playhouse Inc?
Lake Worth Playhouse Inc is a non-profit organization situated in an undisclosed location, dedicated to fostering the performing arts. They achieve this by mounting plays and conducting workshops, featuring non-professional performers, directors, and stagehands. This commitment to community theater not only entertains locals but also offers a platform for training and development. By presenting these performances, Lake Worth Playhouse contributes to the cultural landscape and nurtures talent within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating.
Lake Worth Playhouse Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in the Accountability & Finance category. The organization scored 86%, with its rating based entirely on its accountability metrics, indicating a strong commitment to transparency and proper financial management.
One of the notable strengths of Lake Worth Playhouse Inc includes having a fully independent board, which enhances governance and oversight. The organization also has a robust program expense ratio of 90.99%, suggesting that a large portion of its expenses directly supports its mission-related activities. Additionally, the lack of material diversion of assets and the presence of a conflict of interest policy further underscore its financial integrity.
However, while the organization demonstrates strong governance and financial health, the overall rating is based solely on the Accountability & Finance beacon, meaning that other aspects of the organization, such as impact and results, are not reflected in this score. Therefore, potential donors may want to consider additional factors when evaluating the nonprofit's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Worth Playhouse Inc legitimate?
Lake Worth Playhouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Worth Playhouse 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: $115,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $220,140
For more financial information, click here
What is the mission statement of Lake Worth Playhouse Inc?
Lake Worth Playhouse Inc's mission is centered around promoting the performing arts. They accomplish this by presenting plays and conducting workshops, utilizing non-professional actors, directors, and stage hands. This approach not only provides the community with an opportunity to engage in theater but also offers a platform for training and development for participants. By doing so, Lake Worth Playhouse contributes to the enrichment of the local arts scene.
Who is the CEO of Lake Worth Playhouse Inc?
Michael Mckeich is the Executive Director of Lake Worth Playhouse Inc.
What is the revenue of Lake Worth Playhouse Inc?
Lake Worth Playhouse Inc's revenue in 2022 was $1,168,671.
Who are the executives of Lake Worth Playhouse Inc and what are their salaries?
The average compensation at Lake Worth Playhouse Inc during 2022 was $15,234. There are 22 employees and 200 volunteers at Lake Worth Playhouse Inc.
Here are 8 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
- Compensation: $43,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lake Worth Playhouse Inc?
Lake Worth Playhouse Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Worth Playhouse Inc
Lake Worth Playhouse Inc, a non-profit organization, is committed to fostering the performing arts. Their mission is twofold: firstly, they present a variety of plays and conduct workshops, utilizing a cast and crew composed mainly of non-professional actors, directors, and stagehands. This approach allows the organization to bring theater to the community, offering an accessible and engaging form of entertainment. Secondly, Lake Worth Playhouse Inc provides training opportunities for its participants, enabling them to hone their skills in acting, directing, and stage management. This dual focus on community engagement and skill development makes Lake Worth Playhouse Inc an invaluable asset to the world of performing arts.
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Impact
July, 2024
Lake Worth Playhouse Inc's impact is evident in its promotion of the performing arts within the community of Lake Worth, Florida. By presenting plays and workshops featuring non-professional actors, directors, and stage hands, the organization not only enriches the cultural scene but also provides valuable training opportunities for participants. Through its dedication to theater, Lake Worth Playhouse Inc contributes to the growth and appreciation of the arts in the local area, fostering creativity and artistic expression among residents.
This information is meant to be a general summary of Lake Worth Playhouse 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: $2
- Program Service Revenue: $518,493
- Gross Receipts: $1,168,671
Assets and Liabilities:
- Total Assets: $1,032,061
- Total Liabilities: $242,541
- Net Assets: $789,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Productions
Revenue
$358,914
Ad Sales
Revenue
$1,300
Special Events
Revenue
$73,970
Tuition
Revenue
$55,079
Organization Details
Founding Year
1965
Phone
(561) 586-6410Principal Officer
Michael Mckeich
Main Address
713 Lake Ave, Lake Worth, FL, 33460
NTEE Category
Code: A610 - Arts
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