Overview
What is Bangor Symphony Orchestra?
The Bangor Symphony Orchestra, based in Bangor, Maine, serves as a vital cultural institution in central Maine. With a dedicated team of six individuals, this nonprofit organization offers an array of live classical music performances, attracting over 10,000 attendees annually. Their repertoire includes multiple classical music concerts, a Pops concert, and educational concerts tailored for younger audiences. The orchestra's mission is to provide enriching and diverse musical experiences, ensuring the highest quality of live performances and education programs. These initiatives aim to engage and inspire the community, fostering a deeper appreciation for classical music.
Official website here: www.bangorsymphonyorchestra.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Bangor Symphony Orchestra has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization boasts a solid accountability score of 83%, with 100% of its board members being independent, highlighting effective governance. The financial oversight is robust, with no material diversion of assets, showcasing a dedicated approach to fiscal responsibility.
In terms of program effectiveness, the Symphony demonstrates a high program expense ratio of nearly 72%, indicating that a significant portion of its funds is directed towards its mission and community engagement. The organization also excels in cultural and community engagement, scoring a full 100%, confirming its commitment to feedback collection and usage, which fosters a responsive and inclusive environment.
However, the Symphony does have areas for improvement, particularly in its leadership and adaptability scores, which while high at 100%, indicate some missing policies such as a whistleblower policy and document retention practices. Additionally, the tax form was not posted on the nonprofit’s website, which may affect transparency. Addressing these limitations could further enhance the organization's governance and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Bangor Symphony Orchestra legitimate?
Bangor Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bangor Symphony Orchestra 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: $67,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,271
For more financial information, click here
Official website here: www.bangorsymphonyorchestra.org
What is the mission statement of Bangor Symphony Orchestra?
The Bangor Symphony Orchestra's mission is centered around providing enriching and diverse musical experiences to the community. They achieve this goal through high-quality live concert performances and educational programs. The orchestra produces a variety of classical music concerts, including those for young audiences, as well as a Pops concert. Their mission is to bring powerful and inspiring musical experiences to over 10,000 attendees annually, contributing to the cultural landscape of their community.
Official website here: www.bangorsymphonyorchestra.org
Who is the CEO of Bangor Symphony Orchestra?
Jennifer Eastman is the President of Bangor Symphony Orchestra.
Official website here: www.bangorsymphonyorchestra.org
What is the revenue of Bangor Symphony Orchestra?
Bangor Symphony Orchestra's revenue in 2022 was $1,063,559.
Official website here: www.bangorsymphonyorchestra.org
Who are the executives of Bangor Symphony Orchestra and what are their salaries?
The average compensation at Bangor Symphony Orchestra during 2022 was $33,295. There are 6 employees and 35 volunteers at Bangor Symphony Orchestra.
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Official website here: www.bangorsymphonyorchestra.org
Where can I find the form 990 for Bangor Symphony Orchestra?
Bangor Symphony Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bangorsymphonyorchestra.org
Learn more at the official website: www.bangorsymphonyorchestra.org
Mission Statement of Bangor Symphony Orchestra
The Bangor Symphony Orchestra, as a renowned entity, is committed to delivering captivating, enriching, and diverse musical experiences to its audience. This is achieved primarily through the presentation of top-quality live concert performances and educational programs. The orchestra's mission is to engage over 10,000 individuals from central Maine in these classical music performances, which include several concerts, a Pops concert, and educational concerts tailored for young people. The Bangor Symphony Orchestra is dedicated to providing a broad spectrum of musical experiences that cater to diverse tastes, thereby enriching the cultural landscape of its audience.
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Impact
July, 2024
The Bangor Symphony Orchestra's impact can be seen in the powerful, enriching, and diverse musical experiences it provides through live concert performances and education programs of the highest quality. With a mission to offer these experiences to the community, the orchestra reaches over 10,000 attendees from throughout central Maine. Through multiple classical music concerts, a pops concert, and educational concerts for young people, the Bangor Symphony Orchestra significantly contributes to the cultural enrichment and artistic development of its audience.
This information is meant to be a general summary of Bangor Symphony Orchestra. 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 2022.
- Investment Income: $139,189
- Program Service Revenue: $233,034
- Gross Receipts: $1,710,538
Assets and Liabilities:
- Total Assets: $3,375,248
- Total Liabilities: $36,609
- Net Assets: $3,338,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$137,503
OTHER PERFORMANCE
Revenue
$49,390
SUBLEASE INCOME
Revenue
$24,000
YOUTH ORCHESTRA
Revenue
$11,948
DOWNTOWN PROGRAMS
Revenue
$6,130
Organization Details
Founding Year
1896
Phone
(207) 942-5555Principal Officer
Jennifer Eastman
Main Address
PO BOX 1441, BANGOR, ME, 044021441
NTEE Category
Code: A69Z - Arts
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