Overview
What is Commonwealth Theatre Center Inc?
Commonwealth Theatre Center Inc, located in Louisville, Kentucky, is a distinguished nonprofit organization with a 43-year history of excellence and innovation in theatre education. Its primary mission is to foster youth development and contribute to the community through comprehensive theatre education and performances. In the 2020-2021 fiscal year, the center served over 19,000 youth and 7,000 adults with in-person programming, expanding its reach to include virtual experiences due to COVID-19 restrictions. The organization's programs extend to 60+ zip codes regionally, including most Title 1 schools in the area, as well as numerous schools and community centers. The Commonwealth Theatre Center Inc's continuum of learning includes Blue Apple Outreach's interdisciplinary workshops and residency programs, which enrich various curricula and life skills. Additionally, Blue Apple offers professional touring performances for youth and adults, as well as professional development opportunities for teachers. The center embraces a no-audition policy and provides financial aid for students, offering intensive theatre training from introductory to professional levels for students.
Official website here: www.commonwealththeatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 74%, Two-Star out of Four Star Rating
Commonwealth Theatre Center Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite a strong accountability and finance score of 100%. The organization demonstrates good governance practices with a fully independent board and effective financial oversight mechanisms. Key strengths include a high program expense ratio of 67.84%, showing a commitment to utilizing funds for its core mission.
However, there are notable limitations in the organization's policies and practices. The absence of a whistleblower policy and a document retention and destruction policy indicates potential vulnerabilities in governance. Additionally, the liabilities to assets ratio of 86.15% raises concerns about financial stability, suggesting that the organization may be overleveraged and reliant on its assets for operations.
Overall, while Commonwealth Theatre Center Inc shows strong governance and financial accountability, the identified gaps in policies and financial ratios suggest that improvements are necessary to enhance overall operational effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Theatre Center Inc legitimate?
Commonwealth Theatre Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Theatre Center 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: $74,090
Professional Fundraising Fees: $0
Other Salaries and Wages: $579,005
For more financial information, click here
Official website here: www.commonwealththeatre.org
What is the mission statement of Commonwealth Theatre Center Inc?
The Commonwealth Theatre Center Inc's mission is centered around enhancing youth and the community through exceptional theatre education and performances. This mission is carried out through comprehensive theatre education programs, which have a rich history of excellence, innovation, and a commitment to lifelong learning. For over four decades, the theater center's initiatives have played a significant role in creative, academic, social, and economic development across various regions.
In the 2020-21 fiscal year, the Commonwealth Theatre Center served approximately 19,360 youth and 7,484 adults with in-person programming, supplemented by virtual experiences in response to COVID-19 restrictions. Their reach extends to over 60 zip codes, engaging more than 240 schools and community centers, as well as the majority of Title 1 schools in the area.
Their continuum of learning includes Blue Apple Outreach's interdisciplinary workshop and residency programs, which enrich math, science, social studies, language arts, and life skills curricula. Blue Apple also offers professional touring performances for both youth and adults, as well as professional development opportunities for teachers.
With a no-audition policy and financial aid for students, the Walden Theatre Conservatory provides intensive theatre training for youth, from introductory to professional levels. The center also hosts student-produced and acted performances, an alumni program, professional performances, and adult acting classes.
Official website here: www.commonwealththeatre.org
Who is the CEO of Commonwealth Theatre Center Inc?
Joe Legel Cpa is the Artistic Dir of Commonwealth Theatre Center Inc.
Official website here: www.commonwealththeatre.org
What is the revenue of Commonwealth Theatre Center Inc?
Commonwealth Theatre Center Inc's revenue in 2022 was $778,761.
Official website here: www.commonwealththeatre.org
Who are the executives of Commonwealth Theatre Center Inc and what are their salaries?
The average compensation at Commonwealth Theatre Center Inc during 2022 was $25,119. There are 26 employees and 300 volunteers at Commonwealth Theatre Center Inc.
Here are 12 key members and their salaries:
- Compensation: $74,090
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Official website here: www.commonwealththeatre.org
Where can I find the form 990 for Commonwealth Theatre Center Inc?
Commonwealth Theatre Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonwealththeatre.org
Learn more at the official website: www.commonwealththeatre.org
Mission Statement of Commonwealth Theatre Center Inc
Commonwealth Theatre Center Inc, with a rich history spanning over four decades, is dedicated to enriching both youth and the community through exceptional theatre education and performances. Their mission, in essence, is to foster growth and development in various aspects of life through comprehensive theatre education and engaging performances. The organization's programs, which have been a significant part of creative, academic, social, and economic development in the Greater Louisville area and beyond, serve over 24,000 individuals annually.
Their continuum of learning includes Blue Apple Outreach's interdisciplinary workshop and residency programs, which enrich curriculum in subjects like math, science, social studies, language arts, and life skills. Blue Apple also offers professional touring performances for both youth and adults, as well as professional development opportunities for teachers. Moreover, the Walden Theatre Conservatory provides intensive theatre training for young individuals, from beginners to professionals, offering student-produced and acted performances, an alumni program, and adult acting classes. With a no-audition policy and financial aid for students, the Conservatory is committed to making theatre education accessible to all.
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Impact
July, 2024
Commonwealth Theatre Center Inc, formerly known as Walden Theatre/Blue Apple Players, has a significant impact on the community through its dedication to developing youth and fostering excellence in comprehensive theatre education and performance. Over the years, CTC has served a large number of individuals, with programs reaching youth in diverse communities, including those in Title 1 schools.
Through its continuum of learning, CTC offers a range of programs that not only enhance theater skills but also contribute to academic, social, and life skills development. The organization's Blue Apple Outreach programs provide interdisciplinary workshops and residencies that enrich various subject curricula, while also offering professional touring performances for both youth and adults.
Moreover, CTC's commitment to inclusivity is demonstrated through its no-audition policy and provision of financial aid for students, ensuring that theater education is accessible to all. This approach, combined with professional development opportunities for teachers, underlines CTC's holistic approach to nurturing talent and fostering a love for the arts in the community.
By engaging thousands of youth and adults annually, operating in a wide range of zip codes and schools, Commonwealth Theatre Center Inc is a cornerstone of artistic and educational enrichment in the greater Louisville area and beyond. Its impact resonates in the lives of participants who benefit from the organization's innovative approach to theater education and commitment to lifelong learning.
This information is meant to be a general summary of Commonwealth Theatre Center 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: $54
- Program Service Revenue: $317,979
- Gross Receipts: $778,761
Assets and Liabilities:
- Total Assets: $462,068
- Total Liabilities: $219,242
- Net Assets: $242,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPRING TUITION
Revenue
$97,037
FALL TUITION
Revenue
$91,909
SUMMER TUITION
Revenue
$73,461
PATRON TICKETS
Revenue
$32,133
WORKSHOPS
Revenue
$17,101
Organization Details
Founding Year
1976
Phone
(502) 589-0084Principal Officer
Joe Legel Cpa
Main Address
1123 PAYNE STREET, LOUISVILLE, KY, 40204
Website
www.commonwealththeatre.orgNTEE Category
Code: A65 - Arts
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