Overview
What is Tacoma Musical Playhouse?
Tacoma Musical Playhouse, located at 7116 6th Avenue, Tacoma, WA 98406, is a vibrant nonprofit organization dedicated to the year-round presentation of musical theater productions. Their mission is to positively impact and enrich the lives of their diverse community by means of musical theater. With a dedicated workforce of 18 individuals, the Playhouse offers a platform for artistic expression and entertainment, contributing to the cultural richness of the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Tacoma Musical Playhouse has received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization's score is primarily derived from its strong compliance with accountability standards, which includes a majority of independent board members and effective policies on conflict of interest and whistleblower protections.
The organization demonstrates effective financial management, as indicated by its low liabilities to assets ratio and a program expense ratio of 67.69%, suggesting a commitment to utilizing funds toward its mission. However, while the financial health is commendable, the overall score is heavily weighted on just one category, which may limit a comprehensive view of the nonprofit's performance in other areas such as program impact and community engagement.
Overall, Tacoma Musical Playhouse exhibits good governance and financial practices, making it a trustworthy organization within the nonprofit sector. However, potential donors and supporters might want to seek additional information regarding its operational effectiveness and program outcomes to gauge its full impact on the community.
This AI summary has been generated from information found on Charity Navigator.
Is Tacoma Musical Playhouse legitimate?
Tacoma Musical Playhouse is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tacoma Musical Playhouse 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: $246,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,959
For more financial information, click here
What is the mission statement of Tacoma Musical Playhouse?
The Tacoma Musical Playhouse strives to enhance the lives of a diverse community through the medium of musical theater. This mission is accomplished by presenting a variety of musical productions year-round. By doing so, the playhouse aims to inspire and provide an enriching experience for its audience. The organization believes in the transformative power of musical theater and its ability to connect and uplift people from different backgrounds.
Who is the CEO of Tacoma Musical Playhouse?
Carl Borg is the Director of Tacoma Musical Playhouse.
What is the revenue of Tacoma Musical Playhouse?
Tacoma Musical Playhouse's revenue in 2023 was $2,287,294.
Who are the executives of Tacoma Musical Playhouse and what are their salaries?
The average compensation at Tacoma Musical Playhouse during 2023 was $23,944. There are 18 employees and 300 volunteers at Tacoma Musical Playhouse.
Here are 20 key members and their salaries:
- Compensation: $211,381
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- Other: $9,925
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Where can I find the form 990 for Tacoma Musical Playhouse?
Tacoma Musical Playhouse's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tacoma Musical Playhouse
Tacoma Musical Playhouse, a nonprofit organization, is dedicated to uplifting and enriching the lives of its diverse community through the medium of musical theater. By presenting a series of musical productions year-round, the playhouse seeks to foster creativity, promote cultural exchange, and provide an entertaining and educational experience for its audience. The organization's mission is to inspire and engage individuals of all backgrounds, offering them the opportunity to connect with each other and the world through the power of music and storytelling.
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Impact
July, 2024
Tacoma Musical Playhouse positively impacts the community by inspiring and enriching the lives of individuals through the power of musical theater. Their year-round presentation of high-quality productions not only entertains audiences but also provides a platform for talent to shine and creativity to flourish. By engaging diverse community members in the arts, Tacoma Musical Playhouse contributes to the cultural vibrancy and creative spirit of Tacoma, Washington.
This information is meant to be a general summary of Tacoma Musical Playhouse. 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: $56,730
- Program Service Revenue: $1,414,038
- Gross Receipts: $2,371,011
Assets and Liabilities:
- Total Assets: $6,499,315
- Total Liabilities: $2,670,079
- Net Assets: $3,829,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Costume Rentals
Revenue
$1,380
Program Advertising
Revenue
$403
Theatre Tours
Revenue
$320,948
Ticket Sales, Admissions
Revenue
$897,736
Tuition
Revenue
$193,571
Organization Details
Founding Year
1994
Phone
(253) 565-6867Principal Officer
Carl Borg
Main Address
7116 6th Avenue, Tacoma, WA, 98406
NTEE Category
Code: A650 - Arts
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