Sieminski Theater Inc
Nonprofit profile at a glance
- EIN
- 931765712
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Basking Ridge, NJ, USA
- Phone
- 9085803805
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $462,005
- Expenses
- $403,964
- Assets
- $136,343
- Liabilities
- $78,302
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- BRIAN G LAWRENCE (PRESIDENT & CEO)
Highest reported compensation
- BRIAN G LAWRENCE (PRESIDENT & CEO): $835,231 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The sieminski theater, inc., operates a non-profit theater and cultural arts center that creates opportunities for adults and children to learn, explore and benefit from all aspects of theater arts. (continued on schedule o) by providing both fellowship village residents and the general public with the very best in music, theater, dance, and cultural arts, and delivering the optimal live experience in performing arts, the theater connects generations through the universal language of the arts. The theater aims to inspire artistic growth, creativity, and a sense of community, advancing the theater arts alive for years to come.
What it reported doing in 2024
Sieminski theater, inc provides live entertainment and the best of cultural arts for residents of fellowship village and the surrounding community. The theater received awards such as the excellence in the arts award from the somerset county cultural & heritage commission and has hosted numerous sell-out performances in a variety of programming such including orchestra, musicals, plays, and tribute shows.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 65
- Accountability: 88
- Sustainability: 39
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.8%; rating input score 84
- Program expense ratio: 95.9%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 24th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.6%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 15.2%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 83.8% of revenue deployed · 95.9% of spending went to programs
- Governance: 7 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $387K in reported program spending
- Leadership: top reported pay $835K · 8 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Related organizations: 7 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 24/100.