Maybe you can contract this developer and see if they are going to upgrade their theme. It looks like you can expand the menu on the left side to show the text.
The only problem with these settings is that they do not appear until a user has created some content so it is quite confusing. If a new user goes to these settings, they will be empty because they don't have any content. However, as they create content (pages, groups, photos, videos etc...) for each module, a setting will appear in this menu, allowing the user to restrict viewing to "community, friends, or no one".
You can show empty tabs by changing the setting in CP Admin. Find the setting with keword : "profile.show_empty_tabs"
Furthermore, if you want hide some menus you can do that by manipulating it using your own template. The behaviour is defined by the template "profile.block.pic.html.php".
