Overview
What is Portland Maine Symphony Orchestra?
The Portland Maine Symphony Orchestra, established in 1932, is Maine's largest professional orchestra with an annual budget of 4.3 million dollars. Located at 85 Exchange Street 4th Floor, Portland, Maine, this nonprofit organization offers a wide range of performances to enrich the lives of its community. During the 2022-2023 season, they navigated the pandemic by providing both live performances and digitally offering concerts recorded at Merrill Auditorium. Their repertoire includes classical, pops, family concerts, holiday specials, school lessons, and a summer series in Old Orchard Pavilion. The Portland Symphony Orchestra (PSO) is deeply committed to its community, aiming for artistic excellence while inspiring children and adults through music education and encouraging lifelong musical learning. They actively engage in building collaborative relationships and promoting a culture of mutual respect, fostering shared commitment among their audience and partners. With a workforce of 284 individuals, the PSO remains dedicated to enriching lives through music, offering a diverse and captivating musical journey to the people of Maine.
Official website here: www.portlandsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% - Four-Star out of Four Star Rating from Charity Navigator
The Portland Maine Symphony Orchestra has achieved a commendable 92% rating, which reflects strong performance in accountability and financial management. This rating is significant as it indicates the organization's commitment to transparency and responsible governance, particularly with an independent board consisting entirely of 26 members, and a dedicated audit and oversight committee.
Strengths of the organization include a high level of financial oversight, with no material diversion of assets reported and effective policies for conflict of interest, whistleblower protection, and document retention. Additionally, the organization has a low liability-to-assets ratio and a substantial working capital ratio, demonstrating sound financial health.
However, while the program expense ratio is noted at 60.8%, this is an area that could benefit from improvement, as it indicates that less than two-thirds of expenses are directed towards programs. Nonetheless, the organization’s fundraising efficiency is strong, which suggests effective strategies in raising funds with minimal costs.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Maine Symphony Orchestra legitimate?
Portland Maine Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Maine 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: $143,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,252,018
For more financial information, click here
Official website here: www.portlandsymphony.org
What is the mission statement of Portland Maine Symphony Orchestra?
The Portland Symphony Orchestra enriches lives in its community through music, striving for the highest artistic quality. It inspires both children and adults through music education, fostering a love for music that lasts a lifetime. The orchestra also develops and nurtures beneficial community relationships and promotes a culture of mutual respect, fostering shared commitment and collaboration. In addition, it encourages lifelong musical learning and develops programs that inspire and engage its audience.
Official website here: www.portlandsymphony.org
What is the revenue of Portland Maine Symphony Orchestra?
Portland Maine Symphony Orchestra's revenue in 2024 was $4,332,163.
Official website here: www.portlandsymphony.org
Who are the executives of Portland Maine Symphony Orchestra and what are their salaries?
The average compensation at Portland Maine Symphony Orchestra during 2024 was $8,348. There are 287 employees and 50 volunteers at Portland Maine Symphony Orchestra.
Here are 24 key members and their salaries:
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- Other: $14,440
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Official website here: www.portlandsymphony.org
Where can I find the form 990 for Portland Maine Symphony Orchestra?
Portland Maine Symphony Orchestra's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.portlandsymphony.org
Learn more at the official website: www.portlandsymphony.org
Mission Statement of Portland Maine Symphony Orchestra
The Portland Symphony Orchestra, abbreviated as PSO, is committed to enriching lives in the community through music. The orchestra strives for the highest artistic quality, serving as a source of inspiration for both children and adults. PSO is dedicated to music education, encouraging lifelong musical learning and fostering a culture that values and promotes mutual respect, resulting in shared commitment and collaboration. Additionally, the orchestra actively develops and nurtures mutually beneficial community relationships, working to create a harmonious blend of artistic excellence and social impact.
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Impact
July, 2024
The Portland Maine Symphony Orchestra's impact is profound and far-reaching. By striving for the highest level of artistic quality, the orchestra enriches the lives of individuals in the community through music. Through their music education programs, the orchestra inspires both children and adults, encouraging lifelong musical learning. Additionally, the orchestra nurtures community relationships that are mutually beneficial, fostering a culture of mutual respect and collaboration.
Furthermore, the Portland Symphony Orchestra serves as a cultural beacon in Maine, providing a diverse range of performances including classical, pops, family concerts, and special holiday events like The Magic of Christmas. During the challenges of the pandemic, the orchestra remained connected to audiences by offering live performances and digitally streaming concerts recorded at Merrill Auditorium.
Overall, the Portland Maine Symphony Orchestra plays a vital role in the cultural and artistic landscape of the community, bringing the transformative power of music to audiences of all ages and backgrounds.
This information is meant to be a general summary of Portland Maine 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 2024.
- Investment Income: $382,538
- Program Service Revenue: $1,885,158
- Gross Receipts: $5,224,569
Assets and Liabilities:
- Total Assets: $15,577,911
- Total Liabilities: $803,649
- Net Assets: $14,774,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERTS
Revenue
$1,841,063
PROGRAM ADVERTISING UBI
Revenue
$44,095
Organization Details
Founding Year
1932
Principal Officer
Carolyn Nishon
Website
www.portlandsymphony.orgNTEE Category
Code: A690 - Arts
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