Overview
What is Louisville Theatrical Association Inc?
Louisville Theatrical Association Inc, situated in Louisville, Kentucky, is a nonprofit organization that actively works towards promoting and advancing the arts. Their primary mission is to make various forms of entertainment, such as musical, dramatic, operatic, and others, accessible and affordable for the public. They achieve this by producing and presenting performances and programs, as well as delivering intellectual and instructive lectures. Moreover, the organization has an educational initiative called the Use Broadway Series, which aims to nurture future artists by fostering community outreach, providing workshops, and offering subsidized tickets for students. This comprehensive approach enables Louisville Theatrical Association Inc to contribute significantly to the arts and entertainment scene in their community.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Two Stars (66%) - Needs Improvement**
The Louisville Theatrical Association Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement particularly in its overall accountability and finance practices. While the organization boasts a fully independent board and strong financial oversight, there are significant gaps in its governance policies and online transparency, which adversely affect its score.
Strengths of the organization include a relatively high program expense ratio, suggesting that a substantial portion of its funds is directed towards its programmatic efforts. However, notable deficiencies such as the absence of a conflict of interest policy and missing website documentation have limited its accountability score. Additionally, the organization has not been evaluated in areas like impact, leadership, or community engagement, which are crucial for a comprehensive assessment.
Currently, user reviews from GreatNonprofits are not available, which restricts further insights into public sentiment regarding the Association's programs and initiatives. Continued improvements in its governance practices and communications could enhance its overall perception and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Louisville Theatrical Association Inc legitimate?
Louisville Theatrical Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Theatrical Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Louisville Theatrical Association Inc?
The Louisville Theatrical Association Inc's mission is centered around advancing the arts. They strive to make various forms of entertainment, such as musical, dramatic, operatic, and others, widely accessible to the public at an affordable price. One of their key activities includes producing and presenting performances and programs, as well as intellectual and instructive lectures. They also have a focus on education, utilizing their Broadway Series Education Program to expand knowledge among future artists. The program also promotes community outreach, offers workshops, and provides subsidized tickets for students.
Who is the CEO of Louisville Theatrical Association Inc?
Bradley Broecker is the President of Louisville Theatrical Association Inc.
What is the revenue of Louisville Theatrical Association Inc?
Louisville Theatrical Association Inc's revenue in 2022 was $10,494,121.
Who are the executives of Louisville Theatrical Association Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Louisville Theatrical Association Inc?
Louisville Theatrical Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisville Theatrical Association Inc
Louisville Theatrical Association Inc, a nonprofit organization, strives to advance the arts through education and makes it possible for the general public to enjoy various forms of entertainment, such as musical, dramatic, operatic, and others, to the fullest extent possible and at a minimal cost. To achieve this mission, the association produces and presents performances and programs, as well as intellectual and instructive lectures.
In addition to its primary mission, Louisville Theatrical Association Inc utilizes its Broadway Series Education Program to expand the knowledge of potential future artists. This program not only engages in community outreach but also provides workshops and subsidized tickets for students. By doing so, the association aims to contribute to the nurturing of emerging talents and the promotion of arts education. This proactive approach to fostering artistic growth and engagement within the community is a testament to Louisville Theatrical Association Inc's commitment to the arts and its mission to make the arts accessible and enjoyable for all.
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Impact
July, 2024
Louisville Theatrical Association Inc's impact lies in advancing the arts through education and enabling the public to enjoy various forms of entertainment at a low cost. By producing and presenting performances, providing educational programs, and offering workshops and subsidized tickets to students, the organization fosters community outreach and expands knowledge of future artists. Through its Broadway Series Education Program, Louisville Theatrical Association Inc is actively contributing to the cultural enrichment of the community in Louisville, KY.
This information is meant to be a general summary of Louisville Theatrical Association 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: $41,000
- Program Service Revenue: $10,216,960
- Gross Receipts: $10,651,613
Assets and Liabilities:
- Total Assets: $7,873,475
- Total Liabilities: $7,037,508
- Net Assets: $835,967
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$10,099,232
SHOW CONTRACT
Revenue
$60,000
EDUCATION
Revenue
$57,728
Organization Details
Founding Year
1938
Phone
(502) 584-7469Principal Officer
Bradley Broecker
Main Address
620 WEST MAIN STREET 100, LOUISVILLE, KY, 40202
NTEE Category
Code: A610 - Arts
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