The Historic Howard Theatre Inc
Nonprofit profile at a glance
- EIN
- 852582618
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Washington, DC, USA
- Phone
- 2024277588
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $154,000
- Expenses
- $207,216
- Assets
- $4,884
- Liabilities
- $58,100
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
People named in this filing
- REGINALD VAN LEE (CHAIRMAN OF)
- MARCUS WISEMAN (VICE-CHAIRMA)
- KEITH PERRY (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The historic howard theatre foundation, inc. Aims to actively preserve and celebrate the rich history, culture, and music of the howard theatre. We achieve this through a variety of engaging public events, including tours, galas, productions, master classes, showcases, concerts, and other activities designed to enrich the community and support the theater. In addition, the foundation is committed to publishing educational materials such as books, pamphlets, and online resources. These initiatives will help increase public awareness and appreciation of the howard theatres legacy and its current programming, fostering a deeper connection with our heritage. The foundation will be responsible for the howard theatre physical plant including facility maintenance and upkeep to provide a safe and welcoming environment.
What it reported doing in 2024
Public events, gala productions, showcases and concerts produced in the howard theatre and other locations within the district of columbia and nationwide on behalf of the board of directors and its agents for the exempt purposes enumerated in the articles of incorporation relative to the preservation of the legacy and current programs of the historic howard theatre. Such activity will be funded by grants, donations and fees and will fund programing and advance the legacy of the historic howard theatre and supporting educational materials and programs. Approximately 90 percent of the time will be allocated to this activity.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 11
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.7%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -34.6%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 11.9; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $207K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.