Overview
What is Albuquerque Little Theatre?
Albuquerque Little Theatre, established in 1930, is a vibrant nonprofit organization located in Albuquerque, New Mexico. Its primary objective is to foster an appreciation for theatre arts, achieved through engaging in fully-staged productions. The theatre, with a seating capacity of 500, annually presents seven productions, a mix of Broadway musicals and impactful non-musical comedies and dramas. Volunteers, both experienced and beginners, contribute to these performances, making up hundreds of actors and craftsmen annually. In addition to live performances, Albuquerque Little Theatre offers educational classes, primarily targeting younger students but catering to all ages and interests. These classes contribute to the organization's essential role in the cultural growth and well-being of the community. Over 85% of its operational expenses are covered by ticket sales, classes, and merchandising, with public donations essential in maintaining the theatre facility, keeping ticket prices affordable, and supporting special projects. In summary, Albuquerque Little Theatre serves as a platform for active participation in theatre productions and nurturing aspiring talent through innovative educational programs.
Official website here: www.albuquerquelittletheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating. The Albuquerque Little Theatre has achieved an overall score of 88%, reflecting commendable accountability and financial practices. This rating is primarily based on their high performance in accountability and finance, with no significant issues noted in their operations or financial management.
The organization boasts a fully independent board comprising ten members, and it has demonstrated robust oversight mechanisms, achieving full points in areas such as financial statements and asset diversion. Most notably, they have a strong program expense ratio of 86.65%, indicating that a significant portion of their expenses is dedicated to their programs rather than administrative costs.
However, the organization does have some areas for improvement, notably lacking a whistleblower policy and documentation related to retention and destruction of records. Additionally, their tax form is not posted on their website, which could hinder transparency for potential donors looking for more information. Overall, while the Albuquerque Little Theatre shows strong financial health and governance, addressing these gaps could further enhance their credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Albuquerque Little Theatre legitimate?
Albuquerque Little Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albuquerque Little Theatre 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: $83,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,715
For more financial information, click here
Official website here: www.albuquerquelittletheatre.org
What is the mission statement of Albuquerque Little Theatre?
The Albuquerque Little Theatre's mission is to foster an appreciation for theatrical arts by engaging in fully-staged productions and encouraging the growth of aspiring talent through innovative educational programs. The theater provides a platform for performance and educational activities, making them accessible to the community. Additionally, they aim to enhance the cultural environment by developing programs that align with their mission.
Official website here: www.albuquerquelittletheatre.org
Who is the CEO of Albuquerque Little Theatre?
Paula Stein is the President of Albuquerque Little Theatre.
Official website here: www.albuquerquelittletheatre.org
What is the revenue of Albuquerque Little Theatre?
Albuquerque Little Theatre's revenue in 2022 was $1,162,309.
Official website here: www.albuquerquelittletheatre.org
Who are the executives of Albuquerque Little Theatre and what are their salaries?
The average compensation at Albuquerque Little Theatre during 2022 was $18,807. There are 22 employees and 150 volunteers at Albuquerque Little Theatre.
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- Compensation: $83,031
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- Other: $373
Official website here: www.albuquerquelittletheatre.org
Where can I find the form 990 for Albuquerque Little Theatre?
Albuquerque Little Theatre's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albuquerquelittletheatre.org
Learn more at the official website: www.albuquerquelittletheatre.org
Mission Statement of Albuquerque Little Theatre
Albuquerque Little Theatre, or ALT, is dedicated to fostering a passion for theatre arts within the community. Their mission is multifaceted, aiming to engage individuals in actively participating in fully-staged productions while simultaneously nurturing aspiring talent through innovative educational programs. By providing performance and educational opportunities, ALT aims to enrich the cultural environment in which they operate. Their facilities serve as a platform for community engagement, allowing ALT to develop programs that contribute to the overall cultural development.
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Impact
July, 2024
Albuquerque Little Theatre's impact on the community is significant. Through its fully staged productions and educational programs, ALT cultivates appreciation for the theatre arts and nurtures aspiring talent. By involving hundreds of volunteer actors and craftsmen each year, ALT offers opportunities for both experienced individuals and beginners to discover the joys of live theatrical performance. Furthermore, the educational classes provided by ALT cater to a wide range of age groups, focusing primarily on younger students while also welcoming individuals of all ages and levels of interest.
ALT plays a vital role in the cultural growth and well-being of Albuquerque. With over 85% of operational expenses covered by earned income from ticket sales, classes, and merchandising, public donations are crucial in maintaining the 80-year-old, 500-seat facility, keeping ticket prices affordable, providing class scholarships, and supporting special projects. Additionally, ALT offers opportunities for theatre professionals and teachers to earn an income in their community, contributing to the local arts scene without having to leave the state of New Mexico.
Overall, Albuquerque Little Theatre's commitment to fostering a love for the theatre arts and providing accessible educational programs has a lasting impact on the community, enriching the cultural environment in which we live.
This information is meant to be a general summary of Albuquerque Little Theatre. 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: $123
- Program Service Revenue: $336,888
- Gross Receipts: $1,162,309
Assets and Liabilities:
- Total Assets: $1,738,665
- Total Liabilities: $168,669
- Net Assets: $1,569,996
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE INCOME
Revenue
$309,021
WORKSHOP INCOME
Revenue
$20,417
OTHER PROGRAM REVENUE
Revenue
$7,450
Organization Details
Founding Year
1931
Phone
(505) 242-4750Principal Officer
Paula Stein
Main Address
224 SAN PASQUALE AVE SW, ALBUQUERQUE, NM, 87104
NTEE Category
Code: A65 - Arts
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