Overview
What is The Friends Of The Palace Theater?
The Friends of the Palace Theater is a nonprofit organization situated in Hilo, Hawaii, specifically at 38 Haili Street. Their primary focus is to offer a diverse range of cultural experiences to the public, encompassing films, plays, hula performances, and concerts. Beyond entertainment, they are committed to restoring a historic building, serving as a preservationist for local heritage. With a staff of 20 dedicated individuals, they strive to contribute culturally and educationally to their community.
Official website here: www.hilopalace.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Friends Of The Palace Theater has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored an impressive 96% in its overall assessment, which emphasizes its commitment to transparency and effective financial management.
The organization demonstrates a robust structure with a fully independent board, scoring 100% for having no conflicts of interest and maintaining a whistleblower policy. Additionally, it has a strong program expense ratio of 80.14%, indicating that a significant portion of its funds are directed towards its mission-related programs, rather than administrative costs.
However, while the organization excels in financial accountability, potential donors and supporters may want to consider other aspects such as program impact and community engagement, which are not detailed in the financial metrics. Overall, The Friends Of The Palace Theater is positioned as a trustworthy and financially sound nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Friends Of The Palace Theater legitimate?
The Friends Of The Palace Theater is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friends Of The Palace Theater 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: $62,813
Professional Fundraising Fees: $12,600
Other Salaries and Wages: $190,101
For more financial information, click here
Official website here: www.hilopalace.com
What is the mission statement of The Friends Of The Palace Theater?
The Friends of The Palace Theater's mission is centered around two key objectives. Firstly, they aim to organize and present a variety of cultural and educational events for the public, encompassing mediums such as films, plays, hula performances, and concerts. Secondly, they are dedicated to restoring a historic building, preserving its heritage and significance for future generations. This dual focus allows The Friends of The Palace Theater to contribute to both artistic enrichment and historical conservation.
Official website here: www.hilopalace.com
What is the revenue of The Friends Of The Palace Theater?
The Friends Of The Palace Theater's revenue in 2023 was $1,082,641.
Official website here: www.hilopalace.com
Who are the executives of The Friends Of The Palace Theater and what are their salaries?
The average compensation at The Friends Of The Palace Theater during 2023 was $13,311. There are 19 employees and 43 volunteers at The Friends Of The Palace Theater.
Here are 9 key members and their salaries:
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- Compensation: $57,266
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- Other: $5,547
Official website here: www.hilopalace.com
Where can I find the form 990 for The Friends Of The Palace Theater?
The Friends Of The Palace Theater's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hilopalace.com
Learn more at the official website: www.hilopalace.com
Mission Statement of The Friends Of The Palace Theater
The Friends of the Palace Theater, a nonprofit organization, is dedicated to providing both cultural and educational events while restoring a historic building. Their primary mission revolves around the preservation and revitalization of this architectural gem, while simultaneously offering a diverse range of events to the public. These events encompass various forms of entertainment, such as films, plays, hula performances, and concerts, catering to a wide array of interests. By doing so, The Friends of the Palace Theater contributes to the cultural enrichment of its community, fostering an appreciation for the arts and historical preservation.
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Impact
July, 2024
The Friends of the Palace Theater in Hilo, HI, make a significant impact by providing cultural and educational events for the public while also working towards the restoration of a historic building. Through their activities such as screenings of films, plays, hula performances, and concerts, they enrich the cultural landscape of the community and offer valuable learning opportunities. Their dedication to preserving and promoting the arts contributes to the overall vibrancy and heritage of the local area.
This information is meant to be a general summary of The Friends Of The Palace Theater. 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: $3,624
- Program Service Revenue: $790,925
- Gross Receipts: $1,082,641
Assets and Liabilities:
- Total Assets: $1,118,683
- Total Liabilities: $145,853
- Net Assets: $972,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$673,121
CONCESSIONS
Revenue
$117,804
Organization Details
Founding Year
2002
Principal Officer
Wendy Peskin
Website
www.hilopalace.comNTEE Category
Code: A110 - Arts
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