Overview
What is Teatro Nuovo Inc?
Teatro Nuovo Inc is a dynamic and innovative nonprofit organization based in New York City, New York. Established with the mission of broadening the appeal of classic Italian operas while staying true to their original essence, the organization aims to revive neglected Bel Canto masterworks and present fresh interpretations of well-known operas. Teatro Nuovo offers an exceptional platform for virtuoso singers and provides training opportunities for aspiring young musicians in the unique skills required for this repertory art form. The organization's operations are headquartered at 820 WEST END AVENUE Room 2D, New York, NY 10025, and it is supported by a team of five dedicated individuals.
Official website here: www.teatronuovo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 64%)
Teatro Nuovo Inc has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. While its overall accountability and finance score is strong at 100%, highlighting effective governance with a fully independent board, there are notable weaknesses in financial transparency. The lack of publicly available financial statements and a missing conflict of interest policy are critical areas that have affected its rating.
The organization demonstrates a high commitment to program expenses, with a program expense ratio of 79.59%, suggesting that a significant portion of its funds is directed towards its mission-related activities. However, the liabilities to assets ratio of 66.92% raises concerns about financial stability and may pose risks for future operations.
Furthermore, while Teatro Nuovo Inc has listed essential policies such as a whistleblower policy and document retention guidelines, the absence of its tax form on its website and the lack of a conflict of interest policy highlight areas for improvement in transparency and governance practices. Enhancing these aspects could potentially improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Teatro Nuovo Inc legitimate?
Teatro Nuovo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teatro Nuovo 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: $221,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.teatronuovo.org
What is the mission statement of Teatro Nuovo Inc?
Teatro Nuovo Inc is established with a mission to present innovative interpretations of classic Italian operas. The organization aims to captivate audiences with revivals of neglected Bel Canto masterworks and freshly re-studied familiar operas. Teatro Nuovo is committed to featuring virtuoso singers at their best levels and providing training opportunities for young musicians in the specialized skills required for this repertoire art form. The ultimate goal is to create an art form that has a broader appeal while remaining true to the original vision of the art form that gave birth to these operas.
Official website here: www.teatronuovo.org
Who is the CEO of Teatro Nuovo Inc?
William Crutchfiled is the Principal Officer of Teatro Nuovo Inc.
Official website here: www.teatronuovo.org
What is the revenue of Teatro Nuovo Inc?
Teatro Nuovo Inc's revenue in 2020 was $481,660.
Official website here: www.teatronuovo.org
Who are the executives of Teatro Nuovo Inc and what are their salaries?
Where can I find the form 990 for Teatro Nuovo Inc?
Teatro Nuovo Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.teatronuovo.org
Learn more at the official website: www.teatronuovo.org
Mission Statement of Teatro Nuovo Inc
Teatro Nuovo Inc, a newly established organization, is committed to revolutionizing the way classic Italian operas are interpreted. Their mission is twofold: firstly, they aim to revive neglected bel canto masterworks with a fresh perspective, and secondly, they seek to revisit familiar operas with a meticulously studied approach. This is not merely an exercise in reinvention, but a pursuit of offering cutting-edge interpretations that maintain the essence of the original vision of these operas.
Beyond this artistic endeavor, Teatro Nuovo Inc is also dedicated to nurturing young musicians in the specific skills required for this repertory art form. They aim to provide a platform for virtuoso singing at the highest levels, offering an opportunity for these emerging talents to showcase their skills. This dual focus on artistic innovation and talent development reflects Teatro Nuovo Inc's commitment to creating an art form that appeals to a broader audience, while remaining true to its roots.
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Impact
July, 2024
Teatro Nuovo Inc's impact lies in its commitment to reviving classic Italian operas with cutting-edge interpretations. By offering exciting revivals of neglected bel canto masterworks and freshly re-studied familiar operas, the organization contributes to the preservation and advancement of this art form. Additionally, Teatro Nuovo provides virtuoso singing at the highest levels and offers training opportunities for young musicians in the specialized skills required for this repertoire. Through its mission to create art with broader appeal while staying true to the original vision of these operas, Teatro Nuovo Inc plays a vital role in enriching the cultural landscape, particularly in the realm of the arts.
This information is meant to be a general summary of Teatro Nuovo 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 2020.
- Gross Receipts: $481,660
Assets and Liabilities:
- Total Assets: $461,548
- Total Liabilities: $308,876
- Net Assets: $152,672
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Organization Details
Founding Year
2017
Principal Officer
William Crutchfiled
Main Address
820 WEST END AVENUE Room 2D, NEW YORK, NY, 10025
Website
www.teatronuovo.orgNTEE Category
Code: A60 - Arts
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