Overview
What is Abt Performing Arts Association Inc?
ABT Performing Arts Association Inc., located in Peoria, Arizona, is a nonprofit organization that enriches lives through the power of live performances and entertainment. They specialize in producing Broadway musicals, plays, concerts, and theater for young audiences, aiming to inspire an appreciation for the performing arts in both children and adults. Their educational programs, such as the Academy for Young Performers and HYREV, foster the development of theater skills in young individuals. Despite facing challenges due to the COVID-19 pandemic, they managed to attract 27,000 patrons in the 2021 fiscal year, offering 42 different performances. ABT has a dedicated workforce of 172 employees, committed to bringing high-quality entertainment to their community.
Official website here: www.azbroadway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Abt Performing Arts Association Inc has received a Two-Star rating from Charity Navigator, indicating a fair level of accountability and finance management. The organization demonstrates strong governance with 100% independent board members and maintains a clear conflict of interest policy. Additionally, it effectively manages its program expenses, with a high ratio of 86.71% directed toward its programs.
However, the organization faces challenges in its financial health, as indicated by a high liabilities to assets ratio of 95.24%, which raises concerns about its overall sustainability. While it excels in transparency and accountability practices, these financial issues may limit its ability to operate effectively in the long term. Overall, while the nonprofit is well-managed in many aspects, its financial vulnerabilities could impact its ongoing operations and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Abt Performing Arts Association Inc legitimate?
Abt Performing Arts Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abt Performing Arts Association 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: $162,892
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,713,280
For more financial information, click here
Official website here: www.azbroadway.org
What is the mission statement of Abt Performing Arts Association Inc?
The mission of Abt Performing Arts Association Inc, as expressed, is to enrich lives through the power of live theatre and high-quality entertainment. They achieve this by producing a variety of performances, including Broadway musicals, concerts, plays, and theatre for young audiences. The primary objective is to introduce and inspire young people to appreciate the performing arts, offering educational programs and opportunities for skill development. The association additionally offers the Academy for Young Performers and HYREV, which enhance theatre skills and teamwork among teenagers, respectively. Despite the impact of the COVID-19 pandemic, the association continued to offer performances, albeit with reduced attendance.
Official website here: www.azbroadway.org
Who is the CEO of Abt Performing Arts Association Inc?
Kiel F Klaphake is the CEO of Abt Performing Arts Association Inc The CEO's salary of Abt Performing Arts Association Inc is $128,428 and their total compensation is $147,928.
Official website here: www.azbroadway.org
What is the revenue of Abt Performing Arts Association Inc?
Abt Performing Arts Association Inc's revenue in 2023 was $6,635,768.
Official website here: www.azbroadway.org
Who are the executives of Abt Performing Arts Association Inc and what are their salaries?
The average compensation at Abt Performing Arts Association Inc during 2023 was $8,646. There are 217 employees and 185 volunteers at Abt Performing Arts Association Inc.
Here are 7 key members and their salaries (Abt Performing Arts Association Inc's CEO's salary is $128,428 and their total compensation is $147,928):
- Compensation: $128,428
- Related: $0
- Other: $19,500
- Compensation: $142,700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.azbroadway.org
Where can I find the form 990 for Abt Performing Arts Association Inc?
Abt Performing Arts Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.azbroadway.org
Learn more at the official website: www.azbroadway.org
Mission Statement of Abt Performing Arts Association Inc
Abt Performing Arts Association, Inc., a nonprofit organization, enriches lives by harnessing the power of live theater and various forms of high-quality entertainment. Their mission is to produce captivating performances that range from Broadway musicals and plays to concerts and theater for young audiences. By doing so, their aim is to instill and foster an appreciation for the performing arts in the younger generation. As part of their commitment, they operate the Academy for Young Performers, which offers educational programs designed to introduce and cultivate theater skills in children. Additionally, they run HYREV, a program that enhances the performance abilities of teenagers through teamwork and collaboration. During the Year Ended September 30, 2021, the organization attracted 27,000 patrons to their various performances, including 9 musicals, 29 concerts, plays, and special events. Despite the challenges posed by the COVID-19 pandemic, they continued to offer live entertainment, albeit with reduced attendance and capacity restrictions.
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Impact
July, 2024
ABT Performing Arts Association Inc enriches lives through the power of the performing arts by producing live theatre and other high-quality entertainment. Their live performances include Broadway musicals, concerts, plays, and theatre for young audiences, aiming to introduce and inspire the youth to develop an appreciation for the performing arts. During the year ended September 30, 2021, 27,000 patrons attended 42 different musicals, concerts, and special events offered at Arizona Broadway Theatre.
This organization plays a crucial role in the cultural and artistic enrichment of the community by providing access to diverse and engaging performing arts experiences. By offering a variety of performances and educational programs, ABT Performing Arts Association Inc contributes to the development of creativity, expression, and appreciation for the arts among people of all ages, particularly the youth.
Despite the challenges posed by the COVID-19 pandemic, ABT has continued to fulfill its mission and bring the joy of live theatre to its audience, albeit with reduced attendance during certain periods. The impact of ABT Performing Arts Association Inc extends beyond entertainment, fostering a love for the arts and nurturing the next generation of performers and arts enthusiasts in Peoria, Arizona.
This information is meant to be a general summary of Abt Performing Arts Association 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 2023.
- Investment Income: $56,888
- Program Service Revenue: $6,401,621
- Gross Receipts: $6,635,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket sale
Revenue
$6,091,020
Children's programs
Revenue
$147,930
Other programs
Revenue
$93,300
Room rental
Revenue
$69,371
Organization Details
Founding Year
2007
Principal Officer
Kiel F Klaphake
Website
www.azbroadway.orgNTEE Category
Code: A650 - Arts
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