Overview
What is Black Theatre Coalition Incorporated?
Black Theatre Coalition Incorporated is a nonprofit organization situated in Brooklyn, New York, at 567 Ocean Avenue B101. Their primary purpose is to serve the community, with a focus on providing employment opportunities for underserved sectors. They operate under the guidelines of charitable, religious, educational, and scientific objectives, as outlined by section 501 (c) (3) of the Internal Revenue Code. Their activities involve distributing funds to other eligible charitable organizations. The organization currently employs a team of five individuals dedicated to their cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Black Theatre Coalition Incorporated has received a zero-star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization scored 46% overall, which indicates a lack of transparency and governance measures, including the absence of independent board members and missing key policies such as conflict of interest and whistleblower protections.
Despite the low rating, the organization shows a reasonably high program expense ratio of 66.51%, suggesting that a majority of its funds are directed towards its programs rather than administrative costs. However, the lack of published financial statements and documentation raises questions about its financial health and overall accountability. The absence of a website listed on its tax form further complicates its transparency.
Overall, the Black Theatre Coalition appears to have strengths in program efficiency but faces serious limitations in governance and financial reporting. To improve its standing and trustworthiness, the organization would benefit from implementing essential policies and increasing board independence.
This AI summary has been generated from information found on Charity Navigator.
Is Black Theatre Coalition Incorporated legitimate?
Black Theatre Coalition Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Theatre Coalition Incorporated 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: $176,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,000
For more financial information, click here
What is the mission statement of Black Theatre Coalition Incorporated?
The Black Theatre Coalition Incorporated is established with a mission to serve charitable, religious, educational, and scientific purposes. It aims to distribute funds to organizations that fall under the category of exempt organizations as per the Internal Revenue Code or any future federal tax code's corresponding section. One of its primary objectives is to provide employment opportunities for underserved communities.
Who is the CEO of Black Theatre Coalition Incorporated?
Timothy Oliver Reid is the President of Black Theatre Coalition Incorporated.
What is the revenue of Black Theatre Coalition Incorporated?
Black Theatre Coalition Incorporated's revenue in 2022 was $920,425.
Who are the executives of Black Theatre Coalition Incorporated and what are their salaries?
The average compensation at Black Theatre Coalition Incorporated during 2022 was $71,200. There are 5 employees at Black Theatre Coalition Incorporated.
Here are 3 key members and their salaries:
- Compensation: $88,000
- Related: $0
- Other: $0
- Compensation: $88,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Black Theatre Coalition Incorporated?
Black Theatre Coalition Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Black Theatre Coalition Incorporated
The Black Theatre Coalition Incorporated is established with a mission that is multifaceted and encompasses charitable, religious, educational, and scientific purposes. As per its organizational structure, it is dedicated to making distributions to organizations that fall under the exempt category of section 501 (c) (3) of the Internal Revenue Code or any future federal tax code. The primary objective of this nonprofit organization is to provide employment opportunities for underserved communities, aligning with its broader charitable intentions. By doing so, the Black Theatre Coalition Incorporated aims to contribute positively to its community and support other organizations that share similar charitable goals.
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Impact
July, 2024
The Black Theatre Coalition Incorporated has made a significant impact by providing employment opportunities for underserved communities in the arts industry. Through its efforts, individuals who may have faced barriers to entry in the theater world have been given the chance to showcase their talent and contribute to the cultural landscape. By promoting diversity and inclusion within the arts, the organization has helped create a more representative and equitable environment for all participants. Overall, the Black Theatre Coalition Incorporated's work has been instrumental in fostering a more inclusive and diverse theater community.
This information is meant to be a general summary of Black Theatre Coalition Incorporated. 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: $29
- Gross Receipts: $920,425
Assets and Liabilities:
- Total Assets: $545,698
- Total Liabilities: $0
- Net Assets: $545,698
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Organization Details
Founding Year
2020
Phone
(917) 881-1020Principal Officer
Timothy Oliver Reid
Main Address
567 OCEAN AVENUE B101, BROOKLYN, NY, 11226
NTEE Category
Code: A60 - Arts
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