Overview
What is New Bedford Symphony Orchestra Association Inc?
New Bedford Symphony Orchestra Association Inc, based in New Bedford, Massachusetts, serves as a cultural beacon for the South Coast region. This nonprofit organization is home to a professional orchestra that delivers a season of concerts featuring renowned guest artists from around the globe. Besides these grand performances, the musicians also offer numerous small ensemble presentations annually throughout the locality. At its core, the New Bedford Symphony Orchestra's mission is to elevate symphonic music as a significant part of the cultural landscape on the South Coast, collaborating with like-minded organizations. By engaging with diverse audiences, they aim to make classical music an integral part of daily life. In addition to their concerts, the organization takes pride in offering educational programs for individuals of all ages. These programs are designed to deepen appreciation for music, fostering a sense of enjoyment that extends beyond concert halls. Moreover, the New Bedford Symphony Orchestra strives to be a community leader in arts education, providing affordable concert experiences for the wider community. With a dedicated workforce of 141 individuals, the New Bedford Symphony Orchestra Association Inc continues to enrich the lives of both adults and children through the transformative power of music.
Official website here: www.nbsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The New Bedford Symphony Orchestra Association Inc has achieved an impressive Four-Star rating from Charity Navigator, which reflects a strong focus on accountability and financial health. The organization's high score in accountability and finance indicates robust financial practices, including a well-structured independent board and effective oversight mechanisms.
Strengths highlighted include a fully independent board with 95% of its members being independent, as well as a strong program expense ratio of 74.53%, suggesting that a significant portion of their funds is allocated toward program services. Additionally, the organization has established comprehensive policies for conflict of interest, whistleblower protections, and document retention, which further enhance its governance framework.
While the organization shows no material diversion of assets and maintains an excellent liabilities to assets ratio of 2.13%, ongoing transparency and adherence to best practices will be essential for sustaining its reputation and effectiveness. Overall, the New Bedford Symphony Orchestra Association Inc demonstrates a strong commitment to financial integrity and accountability, making it a trusted option for donors.
This AI summary has been generated from information found on Charity Navigator.
Is New Bedford Symphony Orchestra Association Inc legitimate?
New Bedford Symphony Orchestra Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Bedford 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: $125,271
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nbsymphony.org
What is the mission statement of New Bedford Symphony Orchestra Association Inc?
The New Bedford Symphony Orchestra Association Inc's mission is centered around bringing world-class symphonic music to the forefront of cultural life in their community. They strive to enrich the lives of both adults and children through the transformative power of music. By presenting engaging concerts at a high professional standard and providing educational programs, they aim to deepen people's enjoyment of music and integrate it into their daily lives. Furthermore, the organization serves as a community leader in arts education and offers affordable concerts to the surrounding area.
Official website here: www.nbsymphony.org
Who is the CEO of New Bedford Symphony Orchestra Association Inc?
David Prentiss is the Trustee of New Bedford Symphony Orchestra Association Inc. The CEO's salary of New Bedford Symphony Orchestra Association Inc is $127,209 and their total compensation is $127,209.
Official website here: www.nbsymphony.org
What is the revenue of New Bedford Symphony Orchestra Association Inc?
New Bedford Symphony Orchestra Association Inc's revenue in 2022 was $2,823,621.
Official website here: www.nbsymphony.org
Who are the executives of New Bedford Symphony Orchestra Association Inc and what are their salaries?
The average compensation at New Bedford Symphony Orchestra Association Inc during 2022 was $888. There are 141 employees at New Bedford Symphony Orchestra Association Inc.
Here are 24 key members and their salaries (New Bedford Symphony Orchestra Association Inc's CEO's salary is $127,209 and their total compensation is $127,209):
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Official website here: www.nbsymphony.org
Where can I find the form 990 for New Bedford Symphony Orchestra Association Inc?
New Bedford Symphony Orchestra Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbsymphony.org
Learn more at the official website: www.nbsymphony.org
Mission Statement of New Bedford Symphony Orchestra Association Inc
The New Bedford Symphony Orchestra Association Inc is committed to placing world-class symphonic music at the heart of its community's cultural life. This esteemed organization's mission is to engage and enrich the lives of both adults and children through the transformative power of music. By presenting passionate and engaging concerts at the highest professional standards, the New Bedford Symphony Orchestra Association Inc aims to make classical music an integral part of everyday life for its community.
In addition to its concert season, featuring guest artists from around the globe, the New Bedford Symphony Orchestra Association Inc also offers educational programs for individuals of all ages. These programs are designed to deepen enjoyment of music and encourage its integration into daily life. By serving as a community leader in arts education, the organization strives to provide low-cost concerts for its surrounding area, ensuring that music remains accessible to all.
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Impact
July, 2024
The New Bedford Symphony Orchestra Association Inc's impact lies in placing the world's finest symphonic music at the center of the cultural life of the South Coast. By presenting passionate and engaging concerts at the highest level of professional standards, the organization enriches the lives of adults and children through the transforming power of great music. Additionally, through their educational programs for people of all ages, they deepen the enjoyment of music and make it a part of their daily lives. The New Bedford Symphony Orchestra Association acts as a community leader in arts education and provides low-cost concerts for the surrounding community, further enhancing their impact.
This information is meant to be a general summary of New Bedford 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 2022.
- Investment Income: $49,775
- Program Service Revenue: $299,050
- Gross Receipts: $4,850,296
Assets and Liabilities:
- Total Assets: $4,865,407
- Total Liabilities: $224,536
- Net Assets: $4,640,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SYMPHONY PERFORMANCES
Revenue
$274,195
SPONSORSHIPS
Revenue
$24,855
Organization Details
Founding Year
1958
Phone
(508) 999-6276Principal Officer
David Prentiss
Main Address
128 UNION ST SUITE 204, NEW BEDFORD, MA, 02740
Website
www.nbsymphony.orgNTEE Category
Code: A69 - Arts
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