Overview
What is Tower Theatre Foundation Inc?
Tower Theatre Foundation Inc, located in Bend, Oregon, serves as a significant cultural hub in the region. With a focus on performing arts and community engagement, the foundation is committed to providing a platform for various events, fostering education, and strengthening community bonds. Approximately 5% of their licensees are nonprofit organizations, demonstrating their dedication to supporting local charities. The foundation's mission is to be Central Oregon's leading performing arts organization, contributing essential lifestyle enhancements and community vitality through exceptional spaces for performances, education, civic gatherings, and social events. With a team of 46 dedicated individuals, Tower Theatre Foundation Inc plays a vital role in enriching the community's cultural landscape.
Official website here: www.towertheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Tower Theatre Foundation Inc has received a Four-Star rating from Charity Navigator, indicating strong performance in its accountability and finance practices. The organization scored highly in several critical areas, including having a fully independent board and a robust audit and oversight committee. The high program expense ratio of 80.23% signifies that the majority of its resources are directed towards its mission rather than administrative costs.
Notably, while the foundation excels in financial transparency and governance, it does have a minor limitation with the absence of a whistleblower policy. This could be an area for improvement to enhance its overall accountability framework. Despite this, the organization maintains a high level of fiscal responsibility, as demonstrated by a low liabilities-to-assets ratio of 17.89%.
Overall, the Tower Theatre Foundation Inc demonstrates a strong commitment to financial integrity and effective governance, making it a reliable choice for potential donors looking to support its mission. The foundation's accomplishments in ensuring independent oversight and responsible resource management are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Tower Theatre Foundation Inc legitimate?
Tower Theatre Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tower Theatre Foundation 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: $121,228
Professional Fundraising Fees: $0
Other Salaries and Wages: $775,041
For more financial information, click here
Official website here: www.towertheatre.org
What is the mission statement of Tower Theatre Foundation Inc?
Tower Theatre Foundation Inc's mission is to establish itself as the leading performing arts organization in its region, making significant contributions to the community's lifestyle and strength. This is achieved by offering a diverse range of cultural and educational programs, providing an exceptional venue for performances, education, civic gatherings, and social events. The foundation strives to enrich the community by offering a space that caters to various events, with a focus on nonprofit organizations accounting for 5% of its licensees.
Official website here: www.towertheatre.org
Who is the CEO of Tower Theatre Foundation Inc?
Ray Solley is the Secretary of Tower Theatre Foundation Inc.
Official website here: www.towertheatre.org
What is the revenue of Tower Theatre Foundation Inc?
Tower Theatre Foundation Inc's revenue in 2023 was $2,351,818.
Official website here: www.towertheatre.org
Who are the executives of Tower Theatre Foundation Inc and what are their salaries?
The average compensation at Tower Theatre Foundation Inc during 2023 was $19,484. There are 46 employees and 60 volunteers at Tower Theatre Foundation Inc.
Here are 13 key members and their salaries:
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $121,229
- Related: $0
- Other: $6,061
Official website here: www.towertheatre.org
Where can I find the form 990 for Tower Theatre Foundation Inc?
Tower Theatre Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.towertheatre.org
Learn more at the official website: www.towertheatre.org
Mission Statement of Tower Theatre Foundation Inc
Tower Theatre Foundation Inc aspires to be the leading performing arts organization in its region, making significant contributions to the local lifestyle and community strength. Its mission is accomplished by offering a remarkable venue for performances, education, civic gatherings, and social events. This nonprofit organization provides cultural and educational programs that are essential to the community's vitality. By offering an extraordinary space for various events, Tower Theatre Foundation Inc plays a pivotal role in enriching the region's artistic landscape and fostering a sense of community. Additionally, 5% of the theater's licensees are nonprofit organizations, which further emphasizes its commitment to supporting local cultural initiatives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Tower Theatre Foundation Inc's impact is evident in its role as Central Oregon's leading performing arts organization. By providing cultural and educational programs that enrich the region's lifestyle and enhance the strength of the community, Tower Theatre Foundation Inc offers an extraordinary space for performances, education, civic gatherings, and social events. The organization's utilization of the theatre for a wide variety of cultural events throughout the year underscores its commitment to fostering creativity, entertainment, and community engagement. Through its initiatives, Tower Theatre Foundation Inc contributes significantly to the cultural vibrancy and social cohesion of Bend, Oregon, and beyond.
This information is meant to be a general summary of Tower Theatre Foundation 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: $7,713
- Program Service Revenue: $1,526,665
- Gross Receipts: $2,355,338
Assets and Liabilities:
- Total Assets: $3,730,064
- Total Liabilities: $667,805
- Net Assets: $3,062,259
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IN HOUSE PRESENTING
Revenue
$738,518
EVENTS AND RELATED INC
Revenue
$662,190
TICKET OFFICE
Revenue
$125,957
Organization Details
Founding Year
1997
Phone
(541) 317-0700Principal Officer
Ray Solley
Main Address
PO BOX 1378, BEND, OR, 97709
Website
www.towertheatre.orgNTEE Category
Code: A65 - Arts
If you are a representative of Tower Theatre Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.