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Odeum Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223115053 ✦ East greenwich, RI ✦ Designated as a 501(c)(3)

Overview

What is Odeum Corporation?

Odeum Corporation is a distinguished nonprofit organization situated in East Greenwich, Rhode Island. Their primary mission is to cultivate and manage a cultural arts center, housing both resident and touring professionals, as well as providing educational programs and showcasing local amateur talent. The center boasts a historically significant 420-seat theater, built in 1926, which hosts a diverse array of entertainment for various age groups, including concerts, comedy shows, theater productions, movies, and community events. The theater underwent a multi-phase rehabilitation project in 2014, primarily funded by local cultural grants, to ensure compliance with ADA and fire codes, repair the failing facade, and improve common areas. Currently in its final phase, the project has significantly contributed to the revitalization of the downtown area, attracting over 15,000 patrons annually, thereby bolstering local businesses such as restaurants. Locally, Odeum Corporation is recognized as a vital anchor on Main Street, East Greenwich.


Official website here: www.greenwichodeum.com

Is Odeum Corporation legitimate?

Odeum Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Odeum Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,359

For more financial information, click here


Official website here: www.greenwichodeum.com

What is the mission statement of Odeum Corporation?

Odeum Corporation's mission is centered around developing and operating a cultural arts center. This center showcases both resident and touring professional artists, as well as local amateur talent. The organization achieves this by maintaining a historically significant theater. The center provides a platform for a diverse range of entertainment, catering to various age groups. This includes concerts, comedy shows, theatrical productions, movies, and community-driven events. In addition, Odeum Corporation offers educational programs in the arts, contributing to the development of artistic skills and appreciation among the community. The organization underwent a multi-phase rehabilitation project in 2014, focusing on ensuring ADA and fire-code compliance, repairing the theater, and enhancing common areas. The theater serves as a significant anchor in its local community, attracting over 15,000 patrons annually, which in turn boosts sales for nearby businesses.


Official website here: www.greenwichodeum.com

Who is the CEO of Odeum Corporation?

Daniel Speca is the President of Odeum Corporation.


Official website here: www.greenwichodeum.com

What is the revenue of Odeum Corporation?

Odeum Corporation's revenue in 2022 was $1,268,397.


Official website here: www.greenwichodeum.com

Who are the executives of Odeum Corporation and what are their salaries?

The average compensation at Odeum Corporation during 2022 was $14,357. There are 15 employees at Odeum Corporation.

Here are 8 key members and their salaries:

    Dan Speca (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Gladstone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Feinberg (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Madden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Sokolosky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Musella (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Muoio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan De Lamonte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.greenwichodeum.com

    Where can I find the form 990 for Odeum Corporation?

    The Odeum Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.greenwichodeum.com

    Learn more at the official website: www.greenwichodeum.com

    Mission Statement of Odeum Corporation

    Odeum Corporation, a nonprofit organization, is dedicated to the development and operation of a cultural center for the arts. This center serves as a platform for both resident and touring professional artists, as well as local amateur talent. The organization's mission is to maintain a historically significant theater, utilizing it to present a variety of entertainment for all age groups. This includes concerts, comedy shows, theatrical productions, movies, and community-driven events.

    By operating a cultural center, Odeum Corporation contributes to the enrichment of the arts community. The organization's theater, built in 1926, has undergone a multi-phase rehabilitation project to ensure compliance with ADA and fire codes. The project also aimed to repair the failing façade and improve the theater's common areas. The organization is currently in the final phase of this project, ensuring the theater remains a vital part of the community.

    In addition to its role as a cultural center, Odeum Corporation is seen as an "anchor" in its local area. The theater brings over 15,000 patrons to the downtown area each year, providing a boost in sales to local restaurants and small businesses. The organization plays a significant role in the community, providing a platform for both professional and amateur talent to showcase their skills, and contributing to the cultural landscape of the area.

    Impact

    This information is meant to be a general summary of Odeum Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Odeum Corporation's impact can be seen in its dedication to developing and operating a cultural center for the arts. By maintaining a historically significant theater in East Greenwich, Rhode Island, Odeum Corporation provides a platform for resident and touring professionals, offers educational programs in the arts, and showcases local amateur talent. The organization's 420-seat theater, originally built in 1926, hosts a diverse range of entertainment for all age groups, including concerts, comedy shows, theatrical productions, movies, and community-driven events.

    Through a multi-phase rehabilitation project initiated in 2014, Odeum Corporation has made significant updates to ensure ADA and fire-code compliance, repair the failing facade, and improve the theater's common areas. This project, mostly funded by local cultural grants, has transformed the theater into a vibrant and accessible cultural hub in East Greenwich.

    Locally, the Odeum Theater is considered an "anchor" on Main Street, attracting over 15,000 patrons to the downtown area each year. This influx of visitors not only enriches the cultural landscape but also provides a vital economic boost to local restaurants and small businesses. Odeum Corporation's commitment to promoting the arts and nurturing talent makes it a valuable contributor to the community's artistic and economic vitality.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $229
  • Program Service Revenue: $1,085,478
  • Gross Receipts: $1,317,909

    • Assets and Liabilities:
  • Total Assets: $2,709,557
  • Total Liabilities: $712,178
  • Net Assets: $1,997,379
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TICKET SALES

    Revenue

    $1,013,532

    THEATER CAMPS

    Revenue

    $42,506

    PRIVATE SHOW RENTALS

    Revenue

    $21,715

    Organization Details

    Founding Year

    1991

    Principal Officer

    Daniel Speca

    Main Address

    59 MAIN STREET, EAST GREENWICH, RI, 02818

    NTEE Category

    Code: A610 - Arts

    If you are a representative of Odeum Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.