Overview
What is 5th Avenue Theatre Association?
The 5th Avenue Theatre Association, located in Seattle, Washington, is a vibrant nonprofit organization dedicated to the nurture, advancement, and celebration of musical theatre as a unique and powerful art form. With a team of 668 passionate individuals, they bring musicals to life for over 270,000 Pacific Northwest audience members each year. Their mission extends beyond their stage, as they invest in and develop new musicals that challenge artistic boundaries and tell captivating stories. They collaborate with writers, historically underrepresented or not, and showcase new musicals as part of their mainstage season programming. Additionally, they inspire the next generation of artists and audiences through high-quality and engaging arts programs designed for students of all ages.
Official website here: www.5thavenue.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
The 5th Avenue Theatre Association has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial management. The rating is primarily based on the organization's adherence to financial transparency and governance practices, which score well in areas such as having an independent board and established policies for conflicts of interest and whistleblowing.
Strengths of the organization include a fully independent board and a solid program expense ratio, suggesting that a significant portion of funding is directed towards its programs. Furthermore, the presence of documented board meeting minutes and policies for document retention enhances its governance framework, which is positively noted in the rating.
However, the lack of financial statements significantly affects the overall score, as it limits transparency regarding financial operations. The liabilities to assets ratio also indicates a moderate level of debt that could be a concern. Overall, while the 5th Avenue Theatre Association demonstrates strong governance practices, its financial reporting shortcomings may hinder a full understanding of its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is 5th Avenue Theatre Association legitimate?
5th Avenue Theatre Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5th Avenue Theatre Association 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: $601,686
Professional Fundraising Fees: $84,162
Other Salaries and Wages: $8,317,501
For more financial information, click here
Official website here: www.5thavenue.org
What is the mission statement of 5th Avenue Theatre Association?
The 5th Avenue Theatre Association's mission is dedicated to fostering, enhancing, and honoring the art form of musical theater. They achieve this in various ways, primarily by creating and producing original musicals for an audience of 270,000 in a typical year. Additionally, they invest in and develop new musicals that challenge artistic boundaries and tell innovative stories. The association supports emerging writers and showcases new musicals through their mainstage season programming. Furthermore, they inspire the next generation of artists and audiences through high-quality and engaging arts programs catering to students of all ages.
Official website here: www.5thavenue.org
Who is the CEO of 5th Avenue Theatre Association?
Bernadine C Griffin is the Managing Director of 5th Avenue Theatre Association.
Official website here: www.5thavenue.org
What is the revenue of 5th Avenue Theatre Association?
5th Avenue Theatre Association's revenue in 2022 was $23,695,338.
Official website here: www.5thavenue.org
Who are the executives of 5th Avenue Theatre Association and what are their salaries?
The average compensation at 5th Avenue Theatre Association during 2022 was $13,352. There are 668 employees and 779 volunteers at 5th Avenue Theatre Association.
Here are 33 key members and their salaries:
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Official website here: www.5thavenue.org
Where can I find the form 990 for 5th Avenue Theatre Association?
5th Avenue Theatre Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.5thavenue.org
Learn more at the official website: www.5thavenue.org
Mission Statement of 5th Avenue Theatre Association
The 5th Avenue Theatre Association is dedicated to nurturing, advancing, and celebrating all facets of the magnificent original art form: the musical. This esteemed organization brings this mission to life in various ways, engaging over 270,000 audience members annually through its captivating productions.
Beyond showcasing established musicals, the 5th Avenue Theatre Association is committed to fostering innovation and pushing artistic boundaries by investing in and developing new musicals that tell compelling and fresh stories. They take a proactive approach in supporting creators, commissioning writers, and providing a platform for new musicals to be showcased through their mainstage season programming.
Moreover, the 5th Avenue Theatre Association plays a significant role in inspiring the next generation of artists and audiences. They offer high-quality and engaging arts programs for students of all ages, ensuring that the rich tradition of musical theatre continues to thrive and evolve. By providing a nurturing environment for both established and emerging artists, the 5th Avenue Theatre Association is truly making a difference in the world of musical theatre.
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Impact
October, 2024
The 5th Avenue Theatre Association significantly influences the cultural landscape of the Pacific Northwest by nurturing, advancing, and celebrating the art of musical theater. Each year, it creates and produces original musicals that captivate approximately 270,000 audience members, offering a platform for both timeless stories and innovative narratives.
This organization actively invests in the development of new musicals that challenge artistic boundaries, ensuring that a diverse range of voices is heard. By intentionally commissioning writers from historically underrepresented backgrounds, the 5th Avenue Theatre fosters inclusion within the genre. Furthermore, it showcases new works in its mainstage season, providing essential exposure and support to emerging artists.
Beyond production, the Association plays a crucial role in inspiring the next generation of theater artists and audiences through high-quality arts programs. These educational initiatives engage students of all ages, fostering a love for musical theater and equipping future generations with the skills and enthusiasm to contribute to the art form. Together, these efforts create a vibrant musical ecosystem that enriches community experiences and elevates the artistic dialogue in Seattle and beyond.
This information is meant to be a general summary of 5th Avenue Theatre Association. 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: -$5,445
- Program Service Revenue: $11,029,741
- Gross Receipts: $24,491,286
Assets and Liabilities:
- Total Assets: $27,073,287
- Total Liabilities: $11,850,457
- Net Assets: $15,222,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE TICKET REV
Revenue
$8,880,924
FACILITY TICKET FEES
Revenue
$1,242,282
CO-PRODUCTION INC
Revenue
$892,052
SCHOOL/CAMP REVENUE
Revenue
$14,483
Organization Details
Founding Year
1979
Phone
(206) 625-1418Principal Officer
Bernadine C Griffin
Main Address
1326 5TH AVENUE 735, SEATTLE, WA, 98101
Website
www.5thavenue.orgNTEE Category
Code: A650 - Arts
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