Santa Monica Group Theatre

Charity Navigator Rating: 35%, Zero-Star out of Four Star rating.

The Santa Monica Group Theatre has received a low rating, primarily due to significant shortcomings in its accountability and financial practices. The organization scored 0% for the majority of its governance components, including the absence of independent board members and missing essential policies such as conflict of interest and whistleblower protections. While its program expense ratio is relatively strong at 79.98%, indicating that it allocates a substantial portion of its budget to its programs, the overall lack of transparency and adherence to governance best practices raises concerns.

The theater's governance issues are further underscored by the absence of important documentation, including board meeting minutes and tax forms on its website. This lack of accessibility and accountability may deter potential donors and community support, despite the organization's commitment to its programming. The liabilities to assets ratio at 104.41% also suggests financial instability, which could pose risks to its operations.

In summary, while the Santa Monica Group Theatre shows promise in its program spending, the organization must address its significant governance and financial oversight deficiencies to improve its standing and build trust with stakeholders. Without addressing these concerns, its ability to effectively serve the community may be jeopardized.

This AI summary has been generated from information found on Charity Navigator.

Santa Monica Group Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Group Theatre 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: $87,952

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