Overview
What is Lakewood Theatre Company?
Lakewood Theatre Company, based in Lake Oswego, Oregon, is a distinguished nonprofit organization that has been consistently operating for an impressive length of time. Their primary mission is to foster and cultivate a passion for theatre and the arts among their audience. To achieve this, they present a diverse range of productions annually, including musicals, original works, and modern and classic plays. They are renowned for their commitment to working with new and emerging artists, providing a platform for innovative performances and art events. As the oldest continuously operating theatre company in the Portland, Oregon metro area, they attract over 40,000 people each year. Moreover, they operate with a mission to maintain a permanent multi-arts and theatre facility, and sponsor educational and cultural programming in visual arts, theatre, and community events. The company employs a team of 22 individuals, demonstrating their dedication to this important cultural endeavor.
Official website here: www.lakewood-center.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lakewood Theatre Company has achieved an impressive Four-Star rating from Charity Navigator, primarily based on its strong performance in Accountability & Finance, where it scored 96%. This high rating indicates that the organization operates with a high level of transparency and efficiency in managing its finances.
The nonprofit demonstrates a commitment to governance with a fully independent board comprised of 24 members, and it has established robust policies, including conflict of interest and whistleblower protections. Additionally, their financial health is underscored by a low liabilities-to-assets ratio and a high program expense ratio, indicating that the majority of their funds are directed towards their mission-related activities.
While the organization excels in various metrics of accountability, the summary does not highlight any significant limitations or areas of concern, suggesting a stable and well-managed nonprofit. Overall, Lakewood Theatre Company appears to be a trustworthy entity focused on delivering quality programming while maintaining financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Theatre Company legitimate?
Lakewood Theatre Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Theatre Company 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: $127,947
Professional Fundraising Fees: $0
Other Salaries and Wages: $348,583
For more financial information, click here
Official website here: www.lakewood-center.org
What is the mission statement of Lakewood Theatre Company?
The Lakewood Theatre Company's mission is centered around inspiring and nurturing a passion for theatre and the arts. They achieve this by maintaining a permanent multi-arts and theatre facility and coordinating educational and cultural programming in visual arts, theatre, and community events. The company presents a diverse range of musicals, original works, and classic theatre productions annually, often collaborating with new and emerging artists to bring innovative performances and art events to their audience. With 10-12 productions each year, Lakewood Theatre Company consistently includes full-scale musicals and original works in its season, attracting a significant audience of over 40,000 people annually.
Official website here: www.lakewood-center.org
Who is the CEO of Lakewood Theatre Company?
Andrew Edwards is the Executive Director of Lakewood Theatre Company.
Official website here: www.lakewood-center.org
What is the revenue of Lakewood Theatre Company?
Lakewood Theatre Company's revenue in 2022 was $2,767,462.
Official website here: www.lakewood-center.org
Who are the executives of Lakewood Theatre Company and what are their salaries?
The average compensation at Lakewood Theatre Company during 2022 was $21,660. There are 22 employees and 500 volunteers at Lakewood Theatre Company.
Here are 24 key members and their salaries:
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- Compensation: $118,766
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- Other: $4,000
Official website here: www.lakewood-center.org
Where can I find the form 990 for Lakewood Theatre Company?
Lakewood Theatre Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakewood-center.org
Learn more at the official website: www.lakewood-center.org
Mission Statement of Lakewood Theatre Company
Lakewood Theatre Company, a pioneer in the field, is dedicated to fostering and cultivating a passion for theatre and the arts. Their mission encompasses two primary objectives: the preservation of a permanent multi-arts and theatre facility, and the organization and coordination of educational and cultural programming in visual arts, theatre, and community events. By maintaining a continuous presence in the realm of theatre, Lakewood Theatre Company annually presents a diverse selection of productions, including musicals, original works, and classic plays. The company takes pride in collaborating with new and emerging artists and groups, showcasing innovative performances and art events to its audience. With a commitment to nurturing talent, Lakewood Theatre Company consistently attracts over 40,000 individuals, making it the oldest continuously operating theatre company in the Portland, Oregon metropolitan area.
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Impact
July, 2024
Lakewood Theatre Company's impact can be seen in its dedication to inspiring and nurturing a love of theatre and the arts within the community. Through their diverse selection of modern and classic theatre productions, including musicals and original works, Lakewood Theatre Company attracts over 40,000 people annually. They pride themselves on collaborating with new and emerging artists to bring innovative performances and art events to their audience. As the oldest continuously operating theatre company in the Portland, Oregon metro area, Lakewood Theatre Company plays a significant role in enriching the cultural landscape and providing a platform for artistic expression in the region.
This information is meant to be a general summary of Lakewood Theatre Company. 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: $22,524
- Program Service Revenue: $736,509
- Gross Receipts: $2,937,735
Assets and Liabilities:
- Total Assets: $5,470,972
- Total Liabilities: $393,043
- Net Assets: $5,077,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE PRODUCTIONS
Revenue
$628,885
CLASSES
Revenue
$96,888
OTHER INCOME
Revenue
$7,451
ADVERTISING
Revenue
$3,285
Organization Details
Founding Year
1952
Phone
(503) 635-6338Principal Officer
Andrew Edwards
Main Address
PO BOX 274, LAKE OSWEGO, OR, 97034
Website
www.lakewood-center.orgNTEE Category
Code: A650 - Arts
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