Overview
What is Historic Tennessee Theatre Foundation?
The Historic Tennessee Theatre Foundation is a nonprofit organization based in Knoxville, Tennessee. Their primary mission is to maintain, restore, and improve the Historic Tennessee Theatre as a performing arts venue for the community and various entities. This landmark theatre, located in Knoxville, is not only a hub for historic and educational activities but also serves as a preservation project. The foundation aims to increase public awareness, appreciation, and understanding of the theatrical performing arts by providing a versatile space for diverse events. With a team of 24 employees, the Historic Tennessee Theatre Foundation continues to uphold its commitment to the community and the preservation of this historical treasure.
Official website here: www.tennesseetheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% - Three-Star out of Four Stars
The Historic Tennessee Theatre Foundation has received an 84% rating from Charity Navigator, indicating a solid level of accountability and financial management. This score is based entirely on the Accountability & Finance beacon, reflecting the organization's commitment to transparency and effective use of funds. The foundation has a strong majority of independent board members, which is a positive indicator of governance.
Strengths include a high program expense ratio of 91.47%, suggesting that a significant portion of its resources is dedicated to its mission. The foundation also excels in having no material diversion of assets, and its financial statements are well-audited. However, there are notable gaps in governance practices, as the organization is lacking essential policies such as a conflict of interest policy and a whistleblower policy.
While the overall financial health appears robust, with a liabilities-to-assets ratio of 12.69%, the missing governance policies may raise concerns for some donors regarding oversight and ethical practices. Addressing these limitations could further enhance the foundation's credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Tennessee Theatre Foundation legitimate?
Historic Tennessee Theatre Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Tennessee Theatre Foundation 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: $143,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $884,364
For more financial information, click here
Official website here: www.tennesseetheatre.com
What is the mission statement of Historic Tennessee Theatre Foundation?
The Historic Tennessee Theatre Foundation strives to preserve and enhance a specific property, recognized as the Historic Tennessee Theatre in Knoxville, Tennessee. Their primary goal is to offer the community and various entities a performing arts venue for historic and educational activities. This non-profit organization is dedicated to restoring and improving the theatre to maintain its historical significance as a landmark. Furthermore, it aims to increase the public's awareness, appreciation, and understanding of the theatrical performing arts.
Official website here: www.tennesseetheatre.com
Who is the CEO of Historic Tennessee Theatre Foundation?
Becky Hancock is the Exec. Direct of Historic Tennessee Theatre Foundation.
Official website here: www.tennesseetheatre.com
What is the revenue of Historic Tennessee Theatre Foundation?
Historic Tennessee Theatre Foundation's revenue in 2022 was $12,039,055.
Official website here: www.tennesseetheatre.com
Who are the executives of Historic Tennessee Theatre Foundation and what are their salaries?
The average compensation at Historic Tennessee Theatre Foundation during 2022 was $42,840. There are 24 employees and 50 volunteers at Historic Tennessee Theatre Foundation.
Here are 23 key members and their salaries:
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Official website here: www.tennesseetheatre.com
Where can I find the form 990 for Historic Tennessee Theatre Foundation?
Historic Tennessee Theatre Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tennesseetheatre.com
Learn more at the official website: www.tennesseetheatre.com
Mission Statement of Historic Tennessee Theatre Foundation
The Historic Tennessee Theatre Foundation is a non-profit organization dedicated to preserving and enhancing a significant historical landmark in Tennessee. By holding, maintaining, renovating, and improving the Historic Tennessee Theatre in Knoxville, this foundation offers a performing arts venue for the community and various entities. The theater serves as a space for historic and educational activities, contributing to the local arts scene and providing opportunities for cultural engagement.
Moreover, the Historic Tennessee Theatre Foundation is committed to restoring the Historic Tennessee Theatre as a cherished historical landmark. Through its efforts, this iconic theater continues to showcase its unique character and charm while providing a greater awareness, appreciation, and understanding of the theatrical performing arts to the general public. By sharing the beauty and history of the theater with others, the foundation fosters a sense of connection to the arts and the community.
In summary, the Historic Tennessee Theatre Foundation plays a vital role in preserving the Historic Tennessee Theatre as a historical landmark and a performing arts venue for the community. Through its dedication to restoration and enhancement, the foundation provides opportunities for cultural engagement and fosters a deeper appreciation for the performing arts.
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Impact
October, 2024
The Historic Tennessee Theatre Foundation plays a crucial role in enriching the cultural landscape of Knoxville, Tennessee. By holding, maintaining, renovating, and improving the Historic Tennessee Theatre, it ensures that this iconic venue remains a vibrant space for performing arts.
Through various performances and events, the Theatre serves as a platform for community engagement, offering residents and visitors alike the opportunity to experience a diverse array of artistic expressions. This not only supports local and regional performing arts organizations but also fosters educational activities that heighten awareness and appreciation for the theatrical arts.
The Foundation's efforts in preserving and restoring the Theatre as a historical landmark contribute significantly to the community's heritage, allowing future generations to connect with the rich history of the performing arts. By enhancing the Theatre's facilities and programming, it continually invites the general public to discover the importance of the arts, further enriching Knoxville's cultural fabric.
This information is meant to be a general summary of Historic Tennessee Theatre Foundation. 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: $67,283
- Program Service Revenue: $9,147,425
- Gross Receipts: $12,285,425
Assets and Liabilities:
- Total Assets: $36,141,380
- Total Liabilities: $4,586,915
- Net Assets: $31,554,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BROADWAY TICKET SALES
Revenue
$5,119,715
GENERAL TICKET SALES
Revenue
$2,718,433
TICKET SALES FOR RENTER
Revenue
$587,148
TICKET REBATES
Revenue
$260,693
FOUNDATION SPONSORSHIPS
Revenue
$156,630
Organization Details
Founding Year
1996
Phone
(865) 684-1200Principal Officer
Becky Hancock
Main Address
P O BOX 1109, KNOXVILLE, TN, 37901
Website
www.tennesseetheatre.comNTEE Category
Code: A610 - Arts
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