Overview
What is Liberty Restoration Inc?
Liberty Restoration Inc, based in Astoria, Oregon, is a nonprofit organization that is dedicated to preserving and enhancing a historic theatre. The theatre serves as a platform for performing artists and community events, fostering the growth of performing arts education and development. Due to the impact of COVID-19, the theatre temporarily closed to public events, resulting in financial challenges. To overcome these barriers, Liberty Restoration Inc is currently undertaking a capital campaign to modernize the stage, backstage, and concession areas, aiming to expand the theatre's capacity and offer more diverse performances. With a focus on collaboration with artists, government agencies, and other organizations, Liberty Restoration Inc strives to contribute to the overall health, strength, and vibrancy of its local communities. The organization employs 14 individuals in its mission to restore and maintain this cultural gem.
Official website here: www.libertyastoria.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Liberty Restoration Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in its operations. The organization excels in accountability and finance, scoring 83%, with a particularly low liabilities to assets ratio of 4.76% and a program expense ratio of 68.69%. These figures suggest that the majority of its funds are directed towards its programs, demonstrating financial responsibility and effective resource allocation.
In terms of governance, the organization boasts 100% independent board members and has implemented various policies that enhance transparency and trustworthiness, such as a conflict of interest policy and a whistleblower policy. The feedback collection and usage scores are also perfect, reflecting Liberty Restoration's commitment to engaging with stakeholders and continuously improving its practices.
However, while the accountability and finance aspects are strong, the organization has a lower score in the culture and community category at 17%. This indicates potential areas for improvement in community engagement or organizational culture that could enhance its overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty Restoration Inc legitimate?
Liberty Restoration Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberty Restoration 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: $59,980
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,624
For more financial information, click here
Official website here: www.libertyastoria.org
What is the mission statement of Liberty Restoration Inc?
Liberty Restoration Inc's mission is centered around preserving and enhancing a historic theater, serving as a platform for performing artists and community events. The organization also promotes performing arts education and development. In response to the current pandemic, Liberty Restoration Inc has taken on the role of a catalyst for the performing arts on the North Oregon Coast. Through collaborations with artists, government agencies, and other organizations, the organization aims to foster healthier, stronger, and more vibrant communities. Currently, Liberty Restoration Inc is engaged in a capital campaign to modernize the stage, backstage, and concession areas. Once completed in fall 2022, these enhancements will allow the theater to offer more intriguing and complex performances, furthering its exempt purpose.
Official website here: www.libertyastoria.org
Who is the CEO of Liberty Restoration Inc?
Josh Stellmon is the President of Liberty Restoration Inc.
Official website here: www.libertyastoria.org
What is the revenue of Liberty Restoration Inc?
Liberty Restoration Inc's revenue in 2022 was $1,208,704.
Official website here: www.libertyastoria.org
Who are the executives of Liberty Restoration Inc and what are their salaries?
The average compensation at Liberty Restoration Inc during 2022 was $15,043. There are 14 employees and 98 volunteers at Liberty Restoration Inc.
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- Compensation: $55,000
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- Other: $4,980
Official website here: www.libertyastoria.org
Where can I find the form 990 for Liberty Restoration Inc?
Liberty Restoration Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.libertyastoria.org
Learn more at the official website: www.libertyastoria.org
Mission Statement of Liberty Restoration Inc
Liberty Restoration Inc, as an organization, is dedicated to restoring and maintaining a historic theater, serving as a platform for performing artists and community events. Beyond this, the organization fosters the education and development of performing arts. In the current context, Liberty Restoration Inc is engaged in a capital campaign to modernize the stage, backstage, and concession areas. These renovations, set to be completed in Fall 2022, aim to enhance the theater's capacity, allowing it to present more intricate and alluring performances. As a result, the organization's mission to promote and nurture the performing arts contributes to healthier, stronger, and more vibrant communities by collaborating with artists, government agencies, and other organizations.
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Impact
July, 2024
Liberty Restoration Inc's impact can be seen in its efforts to restore and maintain a historic theatre in Astoria, Oregon. This theatre serves as a vital community gathering space, offering a variety of performing arts experiences to over 17,000 attendees yearly. Additionally, the organization fosters performing art education and development, contributing to a vibrant arts scene on the North Oregon Coast.
During the COVID-19 pandemic, Liberty Restoration Inc faced challenges due to the closure of the theatre to public events, resulting in financial shortfalls from lost marketing, returned ticket fees, reduced audiences, and performance deposits. Despite these obstacles, the organization persevered and did not fully reopen until October 2021.
Currently, Liberty Restoration Inc is undertaking a capital campaign to modernize the stage, backstage, and concession areas of the theatre. These enhancements will increase the theatre's capacity to offer more complex and enticing performances, furthering its mission to promote and support the performing arts in the community.
Through its dedication to preserving a cultural landmark, fostering artistic talent, and providing a platform for community events, Liberty Restoration Inc continues to make a significant impact on the arts scene in Astoria and the surrounding areas.
This information is meant to be a general summary of Liberty Restoration 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: $19
- Program Service Revenue: $162,388
- Gross Receipts: $1,243,874
Assets and Liabilities:
- Total Assets: $5,528,880
- Total Liabilities: $211,239
- Net Assets: $5,317,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$150,225
THEATRE RENTAL
Revenue
$12,163
Organization Details
Founding Year
1998
Phone
(503) 325-5922Principal Officer
Josh Stellmon
Main Address
1203 COMMERCIAL STREET, ASTORIA, OR, 97103
Website
www.libertyastoria.orgNTEE Category
Code: A800 - Arts
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