Overview
What is The Complex Sag Harbor Inc?
The Complex Sag Harbor Inc is a charitable organization based in Riverside, Connecticut (06878). Their primary mission is to contribute to the Long Island, New York, community by acquiring and developing real estate, specifically constructing a theater. This theater will serve as a dedicated space for the preservation and support of the local performing arts community, primarily through the Bay Street Theater Festival Inc. Once completed, the theater will offer the community access to a variety of innovative, challenging, and classic performing arts. The organization also aims to raise funds for the project through a capital campaign.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Complex Sag Harbor Inc has earned a respectable Three-Star rating with a score of 79%, indicating a solid level of accountability and financial health. The organization boasts a robust structure with 100% of its board members being independent, which is crucial for unbiased governance. Additionally, it maintains full compliance with essential policies like conflict of interest and whistleblower protections.
Strengths of the organization include a high program expense ratio of 73.03%, demonstrating that a significant portion of its funds are directed towards its programs rather than administrative costs. The organization also engages in proper documentation practices, as evident by its maintenance of board meeting minutes. This level of transparency adds to its credibility in the nonprofit sector.
While the organization shows strong performance in several areas, the overall rating suggests that there may be room for improvement in other aspects to enhance its financial accountability even further. Overall, The Complex Sag Harbor Inc is positioned as a responsible nonprofit that effectively manages its resources for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Complex Sag Harbor Inc legitimate?
The Complex Sag Harbor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Complex Sag Harbor 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: $0
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What is the mission statement of The Complex Sag Harbor Inc?
The organization, named The Complex Sag Harbor Inc, is established with charitable, educational, scientific, religious, and literary purposes, as per the Internal Revenue Code of 1986. Its primary goal is to acquire property on Long Island, New York, and construct a theater on it. This theater will be dedicated to nurturing and preserving the local performing arts community. Once completed, Bay Street Theater Festival, a nonprofit organization, will utilize the theater to offer innovative, emerging, challenging, and classic theater performances to the community. Additionally, The Complex Sag Harbor Inc aims to raise funds through a capital campaign to support this project.
What is the revenue of The Complex Sag Harbor Inc?
The Complex Sag Harbor Inc's revenue in 2024 was $29.
Who are the executives of The Complex Sag Harbor Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Complex Sag Harbor Inc?
The Complex Sag Harbor Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Complex Sag Harbor Inc
The Complex Sag Harbor Inc, a charitable organization, is established with the primary objective of fostering innovative, challenging, and classic theater and performing arts within a local community. To achieve this, it aims to acquire suitable property and develop it by constructing a theater on the eastern end of Long Island, New York. Upon completion, this theater will serve as a dedicated venue for Bay Street Theater Festival, Inc., a nonprofit performing arts organization. By providing this platform, The Complex Sag Harbor Inc intends to offer the community accessible and engaging theater experiences. Additionally, the organization endeavors to support this project through a capital campaign, raising funds to ensure its successful execution.
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Impact
October, 2024
The Complex Sag Harbor Inc significantly impacts the local community by fostering and preserving the performing arts in the eastern end of Long Island, New York. Through the acquisition of real property and the development of a dedicated theater space, the organization provides a venue for innovative, emerging, challenging, and classic theater performances. This initiative not only enriches the cultural landscape of the area but also enhances community engagement by making performing arts accessible to a broader audience.
By collaborating with the Bay Street Theater Festival Inc., the Complex actively supports a vibrant arts community, ensuring that diverse artistic expressions thrive. Furthermore, the organization's commitment to fundraising through a capital campaign ensures the sustainability and growth of this cultural hub, creating opportunities for local artists and attracting visitors. Ultimately, the Complex Sag Harbor Inc plays a vital role in reinforcing the importance of the arts, contributing to local identity, and promoting creative collaboration within the community.
This information is meant to be a general summary of The Complex Sag Harbor 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 2024.
- Gross Receipts: $29
Assets and Liabilities:
- Total Assets: $15,436,559
- Total Liabilities: $16,264,894
- Net Assets: -$828,335
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Organization Details
Principal Officer
Adam Potter
NTEE Category
Code: A61 - Arts
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