Overview
What is Spencer Theater For The Performing Arts Inc?
Spencer Theater for Performing Arts Inc, situated in Alto, New Mexico, is a nonprofit organization with a mission to enrich the cultural experiences of the local community and visitors. They achieve this by operating a year-round venue that showcases world-class performances in theater, music, and dance. With a team of 58 dedicated individuals, Spencer Theater for Performing Arts Inc serves as a cultural hub, providing a platform for diverse and high-quality performances, thereby contributing to the richness of cultural life in southcentral New Mexico.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Spencer Theater For The Performing Arts Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance, with 100% of its board members being independent, ensuring unbiased decision-making. Additionally, it shows effective management of assets, indicated by a low liabilities to assets ratio and no material diversion of assets.
Financially, the theater allocates a significant portion of its budget to programming, with an impressive program expense ratio of 83.30%. This prioritization of resources towards its mission suggests a commitment to delivering quality performing arts experiences. Moreover, the fundraising efficiency ratio of $0.07 indicates that the organization effectively manages fundraising efforts relative to its expenses.
While the overall performance is commendable, there are always areas for improvement, although specific limitations were not highlighted in the data. Overall, Spencer Theater For The Performing Arts Inc demonstrates responsible financial practices and a strong commitment to its mission within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Spencer Theater For The Performing Arts Inc legitimate?
Spencer Theater For The Performing Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spencer Theater For The Performing Arts 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: $0
Other Salaries and Wages: $688,383
For more financial information, click here
What is the mission statement of Spencer Theater For The Performing Arts Inc?
The mission of Spencer Theater For Performing Arts Inc is centered around enriching the cultural experiences of both local residents and visitors in Southcentral New Mexico. This objective is achieved through the operation of a year-round venue that showcases world-class performances in the realms of theater, music, and dance. By providing a platform for such performances, the theater contributes to the cultural growth and enjoyment of its patrons.
Who is the CEO of Spencer Theater For The Performing Arts Inc?
Ronnie Hemphill is the Treasurer of Spencer Theater For The Performing Arts Inc.
What is the revenue of Spencer Theater For The Performing Arts Inc?
Spencer Theater For The Performing Arts Inc's revenue in 2022 was $2,038,741.
Who are the executives of Spencer Theater For The Performing Arts Inc and what are their salaries?
The average compensation at Spencer Theater For The Performing Arts Inc during 2022 was $11,869. There are 58 employees at Spencer Theater For The Performing Arts Inc.
Here are 7 key members and their salaries:
- Compensation: $148,586
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Spencer Theater For The Performing Arts Inc?
Spencer Theater For The Performing Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spencer Theater For The Performing Arts Inc
Spencer Theater for Performing Arts Inc, a renowned organization, is dedicated to enriching the cultural experiences of residents and visitors in Southcentral New Mexico. They accomplish this by operating a year-round venue that showcases world-class performances in theater, music, and dance. This mission aims to expose individuals to a diverse array of artistic expressions, fostering a deeper appreciation for the performing arts and promoting cultural growth. By providing a platform for such performances, Spencer Theater for Performing Arts Inc plays a vital role in enriching the cultural landscape of its community, offering an enchanting escape for entertainment enthusiasts.
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Impact
July, 2024
Spencer Theater For The Performing Arts Inc has a significant impact on the cultural lives of Southcentral New Mexico's residents and visitors. By providing a year-round venue for world-class performances in theater, music, and dance, the theater enriches the community by offering access to high-quality artistic experiences. Through its operations and management, Spencer Theater plays a vital role in promoting and supporting the arts in the region. This organization contributes to the enrichment of the local cultural scene and facilitates the enjoyment and appreciation of diverse forms of artistic expression.
This information is meant to be a general summary of Spencer Theater For The Performing Arts 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: -$270,428
- Program Service Revenue: $921,036
- Gross Receipts: $2,038,741
Assets and Liabilities:
- Total Assets: $15,967,969
- Total Liabilities: $924,513
- Net Assets: $15,043,456
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$594,644
GOLF SPONSORSHIPS
Revenue
$121,250
RENTAL INCOME
Revenue
$97,156
CONCESSION SALES
Revenue
$36,715
INSURANCE REIMBURSEMENT
Revenue
$30,364
Organization Details
Founding Year
1992
Phone
(575) 336-0010Principal Officer
Ronnie Hemphill
Main Address
108 SPENCER ROAD, ALTO, NM, 88312
NTEE Category
Code: A61 - Arts
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