nonprofit logo

The National Foundation For Musical Theatre Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831537885 ✦ Superior, CO ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is The National Foundation For Musical Theatre Inc?

The National Foundation for Musical Theatre Inc, situated in Owatonna, Minnesota, serves as a community of producers, institutions, and musical theatre enthusiasts. Their primary mission is to support the development, production, and appreciation of musical theatre. They accomplish this by funding various initiatives such as readings, workshops, and productions across the country. These activities aim to unite and heal the nation through musical theatre, educating the next generation about its transformative impact on culture. The foundation provides grants for the production or presentation of new musicals, works from the existing canon, development laboratories, showcases, and artist residencies, pooling resources to make a significant impact in this field.


Official website here: www.thenfmt.org

Is The National Foundation For Musical Theatre Inc legitimate?

The National Foundation For Musical Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The National Foundation For Musical 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thenfmt.org

What is the mission statement of The National Foundation For Musical Theatre Inc?

The National Foundation for Musical Theatre Inc's mission is to foster the development, production, and appreciation of musical theatre. Recognizing the substantial financial requirements involved in bringing a musical to the stage, the organization aims to pool resources from producers, institutions, and musical theatre enthusiasts to make a significant impact. Typically, the development of a single musical can cost hundreds of thousands of dollars, with the production on Broadway requiring even more millions. By collaborating, this non-profit organization seeks to bridge this financial gap, thereby supporting the creation and promotion of musical theatre.


Official website here: www.thenfmt.org

What is the revenue of The National Foundation For Musical Theatre Inc?

The National Foundation For Musical Theatre Inc's revenue in 2023 was $65,780.


Official website here: www.thenfmt.org

Who are the executives of The National Foundation For Musical Theatre Inc and what are their salaries?

There 3 volunteers at The National Foundation For Musical Theatre Inc.

Here are 4 key members and their salaries:


John Thew (President)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Troy Bermel (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Wenzel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sibyl Gruhl (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thenfmt.org

Where can I find the form 990 for The National Foundation For Musical Theatre Inc?

The National Foundation For Musical Theatre Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.thenfmt.org

Learn more at the official website: www.thenfmt.org

Mission Statement of The National Foundation For Musical Theatre Inc

The National Foundation for Musical Theatre Inc is a community of producers, institutions, and musical theatre enthusiasts dedicated to supporting the development, production, and appreciation of musical theatre. Recognizing the substantial financial resources required to develop and bring a single musical to Broadway, the organization aims to pool its resources to make a significant impact. Typically, the development of a musical can cost hundreds of thousands of dollars, and bringing it to Broadway may require millions more. Given that such expenses are often beyond the reach of an individual or institution alone, the foundation leverages its collective resources to make a substantial impact in the world of musical theatre.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

The National Foundation for Musical Theatre Inc significantly impacts the landscape of musical theatre by fostering development, production, and appreciation of this vibrant art form. By funding readings, workshops, and productions across the country, it plays a crucial role in bringing new and existing works to life. This support not only enhances artistic creativity but also promotes cultural unity and healing through the power of storytelling in musical theatre.

Through its extensive programs, the foundation helps to educate the next generation about the transformative impact of musical theatre on our culture. It awards grants for various initiatives including the presentation of new musicals, development laboratories, showcases, and artist residencies, thus creating a nurturing environment for artists and productions.

By pooling resources from a community of producers, institutions, and enthusiasts, the foundation lowers the financial barriers that often hinder the development of ambitious musical projects. This collaborative effort enables the realization of creative visions that might otherwise remain unrealized, ultimately contributing to the richness and diversity of theatrical experiences available to audiences.




This information is meant to be a general summary of The National Foundation For Musical 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.

Revenue
$65,780 (2023)
Expenses
$47,773 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $21,442
  • Gross Receipts: $328,612

Assets and Liabilities:

  • Total Assets: $614,602
  • Total Liabilities: $312
  • Net Assets: $614,290

Want to help this charity, for free? You can click here to learn more about Give Freely

Organization Details

Founding Year

2018

Principal Officer

John Thew

NTEE Category

Code: A25 - Arts

If you are a representative of The National Foundation For Musical Theatre Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.