Overview
What is Mct Endowment Corporation?
Mct Endowment Corporation is a nonprofit organization dedicated to safeguarding and expanding the financial resources of Midland Community Theatre in Midland, Texas. Its primary mission is to ensure the theater's long-term sustainability and serve as its sole beneficiary. The corporation manages and cultivates these endowment resources to fund capital projects that improve the overall quality of the community theater and fulfill approved requests, aligning with its distribution policy.
Is Mct Endowment Corporation legitimate?
Mct Endowment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mct Endowment Corporation 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
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What is the mission statement of Mct Endowment Corporation?
The MCT Endowment Corporation is established with the goal of managing and expanding the endowment resources. This is done with the intention of securing the long-term sustainability and sole advantage of the Midland Community Theatre. The organization's role includes providing funds for capital projects that aim to improve the community theatre's offerings. Furthermore, the corporation supports approved requests in line with its distribution policy.
Who is the CEO of Mct Endowment Corporation?
Jack Rathbone is the President of Mct Endowment Corporation.
What is the revenue of Mct Endowment Corporation?
Mct Endowment Corporation's revenue in 2022 was $428,232.
Who are the executives of Mct Endowment Corporation and what are their salaries?
There 8 volunteers at Mct Endowment Corporation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Mct Endowment Corporation?
Mct Endowment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mct Endowment Corporation
Mct Endowment Corporation, with a focus on long-term stability, is dedicated to overseeing, managing, and growing the endowment resources for the benefit of Midland Community Theatre. This nonprofit organization's mission is to ensure the sustainability and success of the community theatre, providing funds for capital projects that enhance its product. Additionally, Mct Endowment Corporation supports approved requests, adhering to its distribution policy. This commitment to financial management and resource allocation enables Midland Community Theatre to continue delivering high-quality performances and services to its community.
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Impact
October, 2024
MCT Endowment Corporation plays a crucial role in enhancing the cultural landscape of Midland, Texas, by ensuring the long-term stability and growth of the Midland Community Theatre. By overseeing and managing endowment resources, the organization secures financial support that enables the theatre to thrive and evolve.
The impact of MCT Endowment Corporation is multifaceted. It not only provides essential funding for capital projects that enhance the quality of productions and facilities at the theatre, but it also supports various initiatives that align with its distribution policy. This financial stability allows the Midland Community Theatre to offer diverse programming that contributes to the local arts scene, fosters community engagement, and enriches the cultural offerings in the region.
Through its commitment to growing endowment resources, MCT Endowment Corporation ensures that the Midland Community Theatre can continue to operate and innovate, providing a platform for local talent, entertainment, and community connection for years to come.
This information is meant to be a general summary of Mct Endowment Corporation. 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: $313,530
- Gross Receipts: $428,232
Assets and Liabilities:
- Total Assets: $6,725,284
- Total Liabilities: $0
- Net Assets: $6,725,284
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Organization Details
Founding Year
2018
Phone
(432) 682-2544Principal Officer
Jack Rathbone
Main Address
2000 W WADLEY AVE, MIDLAND, TX, 79705
NTEE Category
Code: T20 - Philanthropy
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