Overview
What is Theatrical Arts International Foundation?
The Theatrical Arts International Foundation, situated in San Bernardino, California, is a nonprofit organization with a mission to foster the appreciation of theatrical arts. It achieves this by collaborating with local performing arts groups to offer discounted tickets to schools and youth, promoting artistic growth and accessibility. The foundation's primary focus lies in offering comprehensive training in art and theatre as part of the Visual and Performing Arts programs for various schools within California. It serves 21 schools and caters to an impressive student population of 10,000. With a dedicated workforce of 25 individuals, the Theatrical Arts International Foundation contributes significantly to enriching the artistic landscape and nurturing talent in the state.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
The Theatrical Arts International Foundation holds a Two-Star rating, indicating that while it performs adequately in some areas, there are significant weaknesses in its financial transparency. The organization has a strong governance structure, with an entirely independent board and effective policies in place regarding conflicts of interest and whistleblowing. However, the absence of key financial statements, along with a missing website link for public access to these documents, raises concerns about the foundation's accountability and financial reporting practices.
Despite these shortcomings, the foundation excels in its program expense ratio, allocating 94.65% of its budget directly to program services. This suggests a commitment to maximizing the impact of its funding on its core mission. However, the liabilities to assets ratio of 110.30% indicates that the organization may be facing financial challenges, as it has more liabilities than assets, which could pose risks for future operations.
Overall, while the organization demonstrates strengths in governance and direct program spending, the lack of financial transparency and the concerning liabilities position suggest potential areas for improvement. Transparency in financial reporting and addressing its financial health will be crucial for building trust and ensuring sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Theatrical Arts International Foundation legitimate?
Theatrical Arts International Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theatrical Arts International 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,178
For more financial information, click here
What is the mission statement of Theatrical Arts International Foundation?
The Theatrical Arts International Foundation's mission is centered around fostering a deeper appreciation for the performing arts. They accomplish this by collaborating with local performing arts groups to offer discounted tickets to schools and youth. This initiative aims to make theatrical arts more accessible and engaging for younger audiences, thereby nurturing a new generation of arts enthusiasts. The foundation also extends its reach to various schools across the state, integrating art and theatre as part of their Visual and Performing Arts programs, ultimately serving over 10,000 students.
Who is the CEO of Theatrical Arts International Foundation?
Joseph Henson is the Board Member of Theatrical Arts International Foundation.
What is the revenue of Theatrical Arts International Foundation?
Theatrical Arts International Foundation's revenue in 2022 was $1,483,136.
Who are the executives of Theatrical Arts International Foundation and what are their salaries?
The average compensation at Theatrical Arts International Foundation during 2022 was $12,327. There are 25 employees at Theatrical Arts International Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Theatrical Arts International Foundation?
Theatrical Arts International Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Theatrical Arts International Foundation
The Theatrical Arts International Foundation is committed to fostering a deeper appreciation for the performing arts. This is achieved by collaborating with local performing arts groups to offer discounted ticket prices to schools and young individuals. The organization's mission, in essence, is to promote the performing arts and make them more accessible to the youth and educational institutions within the community.
To realize this mission, Theatrical Arts International Foundation has focused on integrating art and theatre into the Visual and Performing Arts programs in various schools across the State of California. Through their programs, they have served 21 different educational institutions, enabling over 10,000 students to attend these performances. By doing so, the foundation aims to instill a love for the performing arts in young individuals and open their minds to the vast world of theatre.
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Impact
July, 2024
The Theatrical Arts International Foundation has made a significant impact in furthering the appreciation of the performing theatrical arts. Their programs have reached 21 different schools in the State of California, with 10,000 students benefiting from training in art and theatre. By working with local groups of performing arts, the foundation has provided discounted ticketing to local schools and youth, ensuring access to high-quality artistic experiences. Through their efforts, they have enriched the lives of many individuals and contributed to the growth of arts education in the community.
This information is meant to be a general summary of Theatrical Arts International 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.
- Program Service Revenue: $1,266,195
- Gross Receipts: $1,483,136
Assets and Liabilities:
- Total Assets: $432,034
- Total Liabilities: $476,572
- Net Assets: -$44,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket sales
Revenue
$1,266,195
Organization Details
Founding Year
2002
Principal Officer
Joseph Henson
Main Address
PO Box 270, San Bernardino, CA, 92402
NTEE Category
Code: A60 - Arts
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