Overview
What is The Rees Theatre Inc?
The Rees Theatre Inc. is a nonprofit organization, established with the mission to restore, renovate, and maintain the historic Rees Theatre in Plymouth, Indiana. This 1940 Art Deco theatre had served as a community center for entertainment but closed in 2009 due to disrepair. Recognizing its cultural and historical significance, a group of concerned citizens formed The REES Theatre Inc. in 2016. The organization undertook a multi-phased restoration and repurposing program, completing exterior work in 2018 and 2019, and interior renovations in 2020 and 2021. The final phase was completed in October 2022, transforming the theatre into a 2,500 square foot main level auditorium, complete with a 516 square foot stage and a 500+ square foot balcony. The Rees Theatre Inc. now operates as a regional center for arts, culture, education, and community gatherings, providing a revitalized space for the community to enjoy. The organization's efforts involved extensive work by skilled contractors, audio-visual professionals, and volunteers, as well as generous community support. With its state-of-the-art technology and newly renovated facilities, The Rees Theatre Inc. aims to serve as an enduring cultural asset for the Plymouth and Marshall County community.
Official website here: www.reestheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial health for The Rees Theatre Inc. While the organization has a solid program expense ratio of 93.11%, indicating that a significant portion of its expenses are directed towards its mission-related activities, overall accountability metrics suggest areas for improvement.
One notable strength is the board composition, with 100% of members being independent, which enhances the governance of the organization. Additionally, there are no reported material diversions of assets, which is a positive indicator of financial integrity. The organization also maintains documented board meeting minutes and has relevant policies for conflict of interest and website transparency.
However, The Rees Theatre Inc. received low scores for its whistleblower and document retention policies, both of which are missing. This raises concerns about transparency and operational integrity. Improving these areas could enhance their overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Rees Theatre Inc legitimate?
The Rees Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rees Theatre 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: $0
Professional Fundraising Fees: $50,000
Other Salaries and Wages: $26,024
For more financial information, click here
Official website here: www.reestheatre.com
What is the mission statement of The Rees Theatre Inc?
The Rees Theatre Inc. is committed to restoring, maintaining, and operating the historic Rees Theatre as a multi-purpose venue for arts, culture, and education. After completing its renovation and restoration project in late 2022, the organization made the theatre accessible to the community for various arts, educational, and cultural activities. The mission of The Rees Theatre Inc. is to contribute positively to the community by providing a platform for artistic expression, cultural enrichment, and educational opportunities.
Official website here: www.reestheatre.com
Who is the CEO of The Rees Theatre Inc?
Unavailable
Official website here: www.reestheatre.com
What is the revenue of The Rees Theatre Inc?
The Rees Theatre Inc's revenue in 2022 was $1,273,881.
Official website here: www.reestheatre.com
Who are the executives of The Rees Theatre Inc and what are their salaries?
The average compensation at The Rees Theatre Inc during 2022 was $26,024. There is 1 employee and 50 volunteers at The Rees Theatre Inc.
Here are 7 key members and their salaries:
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Official website here: www.reestheatre.com
Where can I find the form 990 for The Rees Theatre Inc?
The Rees Theatre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reestheatre.com
Learn more at the official website: www.reestheatre.com
Mission Statement of The Rees Theatre Inc
The Rees Theatre Inc, a nonprofit organization, is dedicated to restoring, maintaining, and operating the historic Rees Theatre as a valuable arts, cultural, and educational resource for the community's benefit. After completing the final phase of its renovation and restoration in late 2022, the theater reopened to the public, inviting individuals to engage in various arts, educational, and cultural activities. The Rees Theatre Inc's mission is to serve as a vibrant hub for the community, providing opportunities for artistic and cultural growth while preserving the historical significance of the theater building.
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Impact
July, 2024
The Rees Theatre Inc has had a significant impact on the community of Plymouth, Indiana through its restoration and reopening of the historic Rees Theatre. The organization's efforts have not only preserved a valuable cultural and historic landmark but have also created a hub for arts, cultural, and educational activities in the area. By providing a space for community gatherings, arts performances, and educational events, The Rees Theatre Inc has enriched the lives of residents and visitors alike. The completion of the renovation and restoration project in late 2022 marks a milestone in the organization's mission to maintain and operate the theatre as a regional center for the arts and education. The reopening of The Rees Theatre has undoubtedly brought a positive impact to the community and will continue to do so for many years to come.
This information is meant to be a general summary of The Rees Theatre 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: $13,711
- Program Service Revenue: $25,170
- Gross Receipts: $1,299,310
Assets and Liabilities:
- Total Assets: $2,108,799
- Total Liabilities: $497,048
- Net Assets: $1,611,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
711310 - Ticket Rental Concession Sales for Arts Educational and Cultural Events at The REES
Revenue
$20,605
Community Marquee
Revenue
$4,565
Organization Details
Founding Year
2017
Main Address
100 N Michigan, Plymouth, IN, 46563
Website
www.reestheatre.comNTEE Category
Code: S30 - Community improvement
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