Overview
What is L A Theatre Works?
L.A. Theatre Works is a nonprofit organization situated in Venice, California. Their primary mission is to enrich the cultural landscape of the nation by producing, creating, and preserving audio recordings of plays. They achieve this by utilizing innovative technologies, ensuring the broadest public access to these significant literary works. L.A. Theatre Works offers their audio theatre collection in CD and digital formats to the general public and community libraries through their website and various partners like Audible.com and iTunes. The organization boasts a team of 10 dedicated individuals.
Official website here: www.latw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
L A Theatre Works has earned a solid Three-Star rating based on an 88% score in Accountability & Finance. This rating indicates a strong commitment to transparency and responsible financial management. The charity demonstrates robust governance practices, with 90% of its board members being independent, and has no issues with the diversion of assets.
The organization excels in program efficiency, allocating 76.19% of its expenses directly to its programs, which is a positive indicator of its focus on mission-driven activities. Additionally, its fundraising efficiency is commendable, with a cost of just $0.14 to raise a dollar, showcasing effective use of resources in generating donations.
While the charity has good financial health, with a relatively low liabilities to assets ratio, it does have a working capital ratio of 0.89 years, which may indicate a need for careful financial planning to ensure sustainability. Overall, L A Theatre Works is positioned well in terms of accountability and financial transparency, making it a trustworthy option for donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about L A Theatre Works?
92% of 229 reviewers on Facebook recommend L A Theatre Works. Here is a summary of their reviews:
Many patrons express a strong appreciation for the artistic quality of the performances, describing them as some of the best that Los Angeles has to offer. The passion for the arts is evident, with some users even suggesting that the productions have potential for adaptation into television formats, highlighting their belief in the power and reach of the theatre's artistry.
Overall, individuals seem quite satisfied with what L A Theatre Works delivers, finding value and excellence in their programming. The positive sentiment suggests that attendees feel energized by the shows and believe in their significance in the local arts scene.
This AI summary has been generated from reviews found on Facebook.
Is L A Theatre Works legitimate?
L A Theatre Works is a legitimate nonprofit organization registered as a 501(c)(3) entity. L A Theatre Works 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: $48,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,486
For more financial information, click here
Official website here: www.latw.org
What is the mission statement of L A Theatre Works?
L.A. Theatre Works' mission is to enrich the cultural landscape of the national community by utilizing innovative technologies to produce and preserve significant works of dramatic literature in audio format. Their objective is to ensure the widest public access to these renowned pieces of art. The organization achieves this by making its audio theatre collection available to the general public and community libraries through its website, as well as partners such as Audible.com and iTunes. By doing so, L.A. Theatre Works contributes to the preservation and dissemination of dramatic literature, enriching the artistic experiences of individuals across the nation.
Official website here: www.latw.org
Who is the CEO of L A Theatre Works?
Gary Jacobs is the Director of L A Theatre Works.
Official website here: www.latw.org
What is the revenue of L A Theatre Works?
L A Theatre Works's revenue in 2022 was $1,428,952.
Official website here: www.latw.org
Who are the executives of L A Theatre Works and what are their salaries?
The average compensation at L A Theatre Works during 2022 was $38,041. There are 10 employees and 14 volunteers at L A Theatre Works.
Here are 15 key members and their salaries:
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Official website here: www.latw.org
Where can I find the form 990 for L A Theatre Works?
L A Theatre Works's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latw.org
Learn more at the official website: www.latw.org
Mission Statement of L A Theatre Works
L.A. Theatre Works is committed to enriching the cultural landscape of our national community by utilizing innovative technologies to produce and preserve significant works of dramatic literature in audio format. Their mission is twofold: firstly, they aim to make these auditory masterpieces widely accessible to the general public, and secondly, they strive to ensure that these great works are preserved for future generations. To achieve this, L.A. Theatre Works produces and publishes its audio theatre collection, offering it for purchase in CD and digital formats through their website, as well as partnering with platforms such as Audible.com and iTunes. By doing so, they make these significant works of dramatic literature easily accessible to a vast audience, thereby enriching the cultural life of our community.
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Impact
July, 2024
L A Theatre Works impacts the cultural landscape by producing, creating, and preserving audio recordings of plays for the general public. Through their audio publishing initiatives, they make their extensive collection of audio theatre available in CD and digital forms to the broader community, including community libraries, through various platforms like their website and partners such as Audible.com and iTunes. Their mission to enrich the cultural life of our national community by leveraging innovative technologies to produce and preserve significant works of dramatic literature on audio ensures that great works are accessible to a wider audience. L A Theatre Works plays a vital role in promoting the arts and making theatrical performances more inclusive and accessible to all.
This information is meant to be a general summary of L A Theatre Works. 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: $4,882
- Program Service Revenue: $71,538
- Gross Receipts: $1,428,952
Assets and Liabilities:
- Total Assets: $1,357,968
- Total Liabilities: $396,084
- Net Assets: $961,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE & PRODUCTI
Revenue
$37,256
LICENSE FEES
Revenue
$34,282
Organization Details
Founding Year
1975
Phone
(310) 827-0808Principal Officer
Gary Jacobs
Main Address
681 VENICE BLVD, VENICE, CA, 90291
Website
www.latw.orgNTEE Category
Code: A65 - Arts
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