Overview
What is Theatre Memphis?
Theatre Memphis, established in Memphis, Tennessee, serves as a vibrant nonprofit organization dedicated to the arts. With a team of 37 individuals, they specialize in producing plays and fostering creativity through performance and educational programs. Their mission is multifaceted, encompassing the staging of plays and championing the arts to uplift the community. Beyond entertainment, Theatre Memphis also delves into education, offering courses and instruction in the field of drama and allied arts, inspiring both aspiring artists and art enthusiasts alike.
Official website here: www.theatrememphis.org
What are the reviews and ratings of this charity?
79% - This charity's score is 79%, earning it a Three-Star out of Four Star rating. The rating reflects a solid performance in accountability and finance, with notable strengths in governance. Theatre Memphis has achieved a perfect score for having a fully independent board and demonstrates robust oversight with no material diversion of assets reported.
The organization has a strong financial standing, as indicated by its low liabilities to assets ratio. Theatre Memphis also emphasizes transparency and accountability through established policies for conflict of interest and whistleblowing, which are crucial for maintaining trust with stakeholders.
However, there are areas for improvement, particularly in its program expense ratio, which stands at 56.01%. This suggests that a larger portion of its expenses is directed towards administrative costs rather than direct program services, which could be a concern for donors focused on programmatic impact. Overall, Theatre Memphis demonstrates a commitment to good governance and responsible financial management but could enhance its effectiveness by prioritizing program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Theatre Memphis legitimate?
Theatre Memphis is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theatre Memphis 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $637,518
For more financial information, click here
Official website here: www.theatrememphis.org
What is the mission statement of Theatre Memphis?
Theatre Memphis's mission is centered around producing plays and promoting the arts. They accomplish this through performances and educational programs. By staging plays, they aim to uplift drama and encourage creativity. Additionally, they offer educational courses and instruction in the drama and allied arts field, fostering a love for the arts among its participants. The theatre's activities serve to inspire and educate, contributing to the artistic community at large.
Official website here: www.theatrememphis.org
Who is the CEO of Theatre Memphis?
Debbie Litch is the Executive Pr of Theatre Memphis.
Official website here: www.theatrememphis.org
What is the revenue of Theatre Memphis?
Theatre Memphis's revenue in 2023 was $2,416,825.
Official website here: www.theatrememphis.org
Who are the executives of Theatre Memphis and what are their salaries?
The average compensation at Theatre Memphis during 2023 was $20,203. There are 37 employees and 500 volunteers at Theatre Memphis.
Here are 38 key members and their salaries:
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Official website here: www.theatrememphis.org
Where can I find the form 990 for Theatre Memphis?
Theatre Memphis's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theatrememphis.org
Learn more at the official website: www.theatrememphis.org
Mission Statement of Theatre Memphis
Theatre Memphis, as a nonprofit organization, is dedicated to the production of plays and fostering the arts. They achieve this mission through performances and educational programs. By staging various plays, Theatre Memphis encourages artistic expression and appreciation. Additionally, they offer courses and instruction in the field of drama and allied arts, aiming to uplift and inspire. This holistic approach to the arts, combining performance and education, allows Theatre Memphis to significantly contribute to the artistic community.
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Impact
July, 2024
Theatre Memphis impacts the community by producing plays, encouraging the arts, and offering educational programs in the drama and allied arts field. Through its performances and courses, it enriches the cultural landscape of Memphis, TN, and fosters a greater appreciation for the arts among its residents. Its mission to uplift dramas and promote artistic expression contributes to the vibrant arts scene in the city.
This information is meant to be a general summary of Theatre Memphis. 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: $12,937
- Program Service Revenue: $881,278
- Gross Receipts: $2,478,370
Assets and Liabilities:
- Total Assets: $13,913,783
- Total Liabilities: $321,152
- Net Assets: $13,592,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE REVENUE
Revenue
$530,153
THEATRE MEMBERSHIPS
Revenue
$249,410
CONCESSION SALES
Revenue
$80,394
COSTUME SALE & RENTAL
Revenue
$19,516
ACTING CLASS
Revenue
$895
Organization Details
Founding Year
1922
Phone
(901) 682-8601Principal Officer
Debbie Litch
Main Address
630 PERKINS EXTENDED, MEMPHIS, TN, 38117
Website
www.theatrememphis.orgNTEE Category
Code: A650 - Arts
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