Overview
What is Admiral Theatre Foundation?
The Admiral Theatre Foundation, based in Bremerton, Washington, with an address at 515 Pacific Avenue, is a nonprofit organization dedicated to the production of theatrical performances. Its primary role is to serve the Kitsap community, offering an opportunity for entertainment and appreciation of the performing arts. The foundation's mission is centered around the renovation, operation, and maintenance of the iconic Admiral Theatre. With a team of 53 dedicated individuals, the foundation strives to uphold the venue's heritage and continue providing a platform for theatrical performances.
Official website here: www.admiraltheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Admiral Theatre Foundation has received a two-star rating from Charity Navigator, indicating that there are several areas requiring attention despite some positive aspects. The organization demonstrates strong governance with a fully independent board and a solid liabilities to assets ratio, suggesting sound financial health. Additionally, they have a good program expense ratio, indicating a significant portion of their budget is directed towards their mission-related activities.
However, the foundation faces challenges in terms of accountability and transparency. Notably, it lacks essential policies such as a conflict of interest policy and a whistleblower policy, both of which are critical for fostering an ethical organizational culture. Furthermore, the absence of their tax form on their website raises concerns regarding public accessibility to important financial information.
Overall, while the Admiral Theatre Foundation shows promise with its strong board governance and program spending, addressing the noted deficiencies in policies and transparency will be crucial for improving its standing and ensuring trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Admiral Theatre Foundation legitimate?
Admiral Theatre Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Admiral Theatre Foundation 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: $97,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $607,722
For more financial information, click here
Official website here: www.admiraltheatre.org
What is the mission statement of Admiral Theatre Foundation?
The Admiral Theatre Foundation's primary mission is centered around the renovation, operation, and maintenance of a theater. This mission serves to provide a venue for theatrical performances, acting as a gathering place for the local Kitsap community to engage in entertainment and appreciate the performing arts. The foundation's activities strive to preserve and enhance the theater, thereby offering an enriching cultural experience.
Official website here: www.admiraltheatre.org
Who is the CEO of Admiral Theatre Foundation?
Brian Johnson is the Executive Director of Admiral Theatre Foundation.
Official website here: www.admiraltheatre.org
What is the revenue of Admiral Theatre Foundation?
Admiral Theatre Foundation's revenue in 2022 was $2,306,428.
Official website here: www.admiraltheatre.org
Who are the executives of Admiral Theatre Foundation and what are their salaries?
The average compensation at Admiral Theatre Foundation during 2022 was $13,306. There are 53 employees and 50 volunteers at Admiral Theatre Foundation.
Here are 21 key members and their salaries:
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Official website here: www.admiraltheatre.org
Where can I find the form 990 for Admiral Theatre Foundation?
Admiral Theatre Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.admiraltheatre.org
Learn more at the official website: www.admiraltheatre.org
Mission Statement of Admiral Theatre Foundation
The Admiral Theatre Foundation's primary mission revolves around the renovation, operation, and maintenance of the Admiral Theatre. This nonprofit organization is dedicated to preserving and upholding this historical venue, providing a platform for theatrical performances that serve as a unifying force for the Kitsap community. Through these performances, the Foundation seeks to foster appreciation for the performing arts, offering the community an opportunity to come together for entertainment and cultural enrichment.
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Impact
July, 2024
The Admiral Theatre Foundation positively impacts the Kitsap community by renovating, operating, and maintaining the Admiral Theatre. Through the production of theatrical performances, this organization provides a space for the community to come together for entertainment and appreciation of the performing arts. Their efforts contribute to the cultural enrichment of Bremerton, Washington, and foster a vibrant arts scene in the region.
This information is meant to be a general summary of Admiral Theatre Foundation. 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: $3,348
- Program Service Revenue: $896,396
- Gross Receipts: $2,327,762
Assets and Liabilities:
- Total Assets: $6,324,655
- Total Liabilities: $678,853
- Net Assets: $5,645,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRESENTED EVENTS
Revenue
$816,628
USER EVENTS
Revenue
$79,768
Organization Details
Founding Year
1990
Principal Officer
Brian Johnson
Main Address
515 PACIFIC AVENUE, BREMERTON, WA, 98337
Website
www.admiraltheatre.orgNTEE Category
Code: A610 - Arts
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