Overview
What is Vermont Symphony Orchestra Association Inc?
Vermont Symphony Orchestra Association Inc, located at 2 Church Street, Burlington, VT 05401, is a vibrant nonprofit organization that promotes and cultivates a passion for music across Vermont. In the upcoming financial year 2023, they have planned 14 core performances statewide, featuring their full orchestra, including the VSO at The Flynn/Paramount, their annual Summer Festival Tour, and Holiday Pops. To expand their reach, they've added seven chamber orchestra performances, such as A Night at the Movies, Farmers' Night, and Marble. Recent changes within the organization include the departure of Music Director Jaime Laredo after 20 years, and the appointment of Andrew Crust as the new Music Director in March 2023. With a dedicated workforce of 174 individuals, the Vermont Symphony Orchestra Association plays a significant role in fostering and nurturing a love for music in Vermont's community.
Official website here: www.vso.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
The Vermont Symphony Orchestra Association Inc has received a solid rating of 81%, indicating a commendable level of accountability and transparency in its operations. With 100% independent board members and a strong focus on governance, the organization demonstrates a robust commitment to ethical practices, as reflected in its comprehensive policies including conflict of interest and whistleblower protections.
Financially, the organization excels with a program expense ratio of 74.18%, signifying that a significant portion of its expenditures is directed towards its core mission. The low liabilities to assets ratio of 5.00% also highlights its financial stability, ensuring that the organization can sustain its operations and services effectively.
While the overall rating is positive, the organization may still have areas for improvement in equity strategies, which scored 83 out of 100. Although it has implemented six equity practices, further enhancements could strengthen its community engagement and inclusivity efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Vermont Symphony Orchestra Association Inc legitimate?
Vermont Symphony Orchestra Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont Symphony Orchestra Association Inc 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: $114,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $705,314
For more financial information, click here
Official website here: www.vso.org
What is the mission statement of Vermont Symphony Orchestra Association Inc?
The Vermont Symphony Orchestra Association Inc's mission is centered around nurturing and fostering a deep-rooted love for music throughout the community. Their objective is to promote this passion for music across Vermont. By organizing various performances and events, such as the Classical Series, Summer Festival Tour, and Holiday Pops, they aim to cater to diverse musical tastes. Additionally, the association has incorporated seven chamber orchestra performances into their schedule, including A Night at the Movies and Farmers' Night. In a significant change, their Music Director of 20 years, Jaime Laredo, stepped down, and in March 2023, Andrew Crust was appointed as the new Music Director. Overall, the Vermont Symphony Orchestra Association Inc serves to inspire and engage individuals with music, fostering a sense of community and shared enjoyment.
Official website here: www.vso.org
Who is the CEO of Vermont Symphony Orchestra Association Inc?
Elise Brunelle is the Chair of Vermont Symphony Orchestra Association Inc.
Official website here: www.vso.org
What is the revenue of Vermont Symphony Orchestra Association Inc?
Vermont Symphony Orchestra Association Inc's revenue in 2023 was $1,576,200.
Official website here: www.vso.org
Who are the executives of Vermont Symphony Orchestra Association Inc and what are their salaries?
The average compensation at Vermont Symphony Orchestra Association Inc during 2023 was $4,712. There are 174 employees and 120 volunteers at Vermont Symphony Orchestra Association Inc.
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- Compensation: $91,951
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Official website here: www.vso.org
Where can I find the form 990 for Vermont Symphony Orchestra Association Inc?
Vermont Symphony Orchestra Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vso.org
Learn more at the official website: www.vso.org
Mission Statement of Vermont Symphony Orchestra Association Inc
The Vermont Symphony Orchestra Association Inc, a renowned organization, fosters and encourages the love of music throughout Vermont. Their mission is to nurture and inspire a passion for music within the community, reaching out to various audiences across the state. Through their extensive performances, they aim to make music an integral part of Vermont's cultural landscape.
In the current fiscal year (FY23), the Vermont Symphony Orchestra Association Inc is set to deliver 14 core performances with a full orchestra, including their popular Classical Series at the Flynn/Paramount, summer festival tours, and the delightful Holiday Pops. Furthermore, they have expanded their offerings with seven chamber orchestra performances, such as A Night at the Movies, Farmers' Night, and Marble. These varied performances cater to a wide range of musical tastes, ensuring that everyone can find something to enjoy.
The association's dedication to music extends beyond performances. In March 2023, they appointed Andrew Crust as their new Music Director, following the 20-year tenure of Jaime Laredo. This change in leadership marks a new chapter for the organization, promising continued growth and innovation in promoting the love of music throughout Vermont.
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Impact
July, 2024
The Vermont Symphony Orchestra Association Inc's impact lies in fostering and encouraging the love of music throughout Vermont. Through their performances, including core full orchestra shows, chamber orchestra performances, and special events like the Summer Festival Tour and Holiday Pops, the organization reaches a total audience of 14,246 individuals. With a mission to spread the joy of music, the Vermont Symphony Orchestra Association Inc plays a vital role in enriching the cultural landscape of the community and bringing people together through the arts.
This information is meant to be a general summary of Vermont Symphony Orchestra Association Inc. 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 2023.
- Investment Income: $159,035
- Program Service Revenue: $420,779
- Gross Receipts: $2,007,016
Assets and Liabilities:
- Total Assets: $6,001,219
- Total Liabilities: $300,551
- Net Assets: $5,700,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUES
Revenue
$420,779
Organization Details
Founding Year
1938
Phone
(802) 864-5741Principal Officer
Elise Brunelle
Main Address
2 CHURCH STREET, BURLINGTON, VT, 05401
Website
www.vso.orgNTEE Category
Code: A690 - Arts
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