Overview
What is Greater Bridgeport Symphony Society Inc?
Greater Bridgeport Symphony Society Inc, located in Bridgeport, Connecticut, is a nonprofit organization with a strong focus on cultural entertainment and education. With 92 dedicated employees, their mission lies in presenting orchestra concerts through the Greater Bridgeport Symphony Orchestra and providing enriching musical performances for the community. Their activities extend beyond just concerts, as they also offer educational programs aimed at engaging people throughout the greater Bridgeport area. The society's objective is to contribute to the cultural landscape of Bridgeport by offering a diverse range of concert series and educational programs.
Official website here: www.bptsym.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Greater Bridgeport Symphony Society Inc has received an 81% rating from Charity Navigator, which reflects a strong level of accountability and financial management. This score, entirely based on the Accountability & Finance beacon, indicates that the organization demonstrates effective governance and transparency in its operations.
The organization boasts a fully independent board, with 100% of board members meeting independence criteria. Additionally, it has no material diversion of assets and maintains a low liabilities to assets ratio of 3.09%. High program expense ratio at 87.46% further demonstrates that the majority of the organization’s funding is directed towards its programs, which is a positive indicator of its commitment to fulfilling its mission.
While the rating highlights significant strengths in accountability and financial health, the absence of ratings in other categories may limit a comprehensive understanding of the organization's overall effectiveness. Nonetheless, the established policies and practices in place suggest a responsible approach to governance and stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Bridgeport Symphony Society Inc legitimate?
Greater Bridgeport Symphony Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Bridgeport Symphony Society 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: $36,915
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,900
For more financial information, click here
Official website here: www.bptsym.org
What is the mission statement of Greater Bridgeport Symphony Society Inc?
The Greater Bridgeport Symphony Society Inc's mission is centered around presenting orchestra concerts and educational programs. Their primary objective is to bring enriching musical performances to people residing in the greater Bridgeport area, thereby contributing to cultural entertainment. The society accomplishes this through the Greater Bridgeport Symphony Orchestra and various educational initiatives.
Official website here: www.bptsym.org
Who is the CEO of Greater Bridgeport Symphony Society Inc?
Ken Staffey is the Trustee And Ochestra Chair of Greater Bridgeport Symphony Society Inc.
Official website here: www.bptsym.org
What is the revenue of Greater Bridgeport Symphony Society Inc?
Greater Bridgeport Symphony Society Inc's revenue in 2022 was $528,531.
Official website here: www.bptsym.org
Who are the executives of Greater Bridgeport Symphony Society Inc and what are their salaries?
The average compensation at Greater Bridgeport Symphony Society Inc during 2022 was $2,378. There are 92 employees at Greater Bridgeport Symphony Society Inc.
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Official website here: www.bptsym.org
Where can I find the form 990 for Greater Bridgeport Symphony Society Inc?
Greater Bridgeport Symphony Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bptsym.org
Learn more at the official website: www.bptsym.org
Mission Statement of Greater Bridgeport Symphony Society Inc
Greater Bridgeport Symphony Society Inc, a notable organization, is committed to presenting orchestra concerts and offering educational programs. Their mission is to enrich the musical experiences of individuals residing in the greater Bridgeport area. By hosting a series of concerts, this society aims to provide cultural entertainment, thereby fostering a deeper appreciation for music. Additionally, they are dedicated to conducting educational programs, expanding the reach of enriching musical performances beyond mere entertainment. The society's objective is to bring engaging and diverse musical performances to the community, contributing to a culturally vibrant atmosphere.
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Impact
July, 2024
The Greater Bridgeport Symphony Society Inc's impact is felt through its presentation of orchestra concerts and educational programs in the Greater Bridgeport area. By organizing concert series for cultural entertainment and offering educational initiatives, the society enriches the musical experiences of people in the community. Through the Greater Bridgeport Symphony Orchestra, the society aims to bring enriching musical performances to audiences throughout the region, fostering a deeper appreciation for the arts.
This information is meant to be a general summary of Greater Bridgeport Symphony Society 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: $1,545
- Program Service Revenue: $98,167
- Gross Receipts: $528,531
Assets and Liabilities:
- Total Assets: $436,557
- Total Liabilities: $0
- Net Assets: $436,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKETS
Revenue
$96,729
PROGRAM ADVERTISEMENT
Revenue
$1,125
TICKET FEES
Revenue
$313
Organization Details
Founding Year
1946
Phone
(203) 576-0263Principal Officer
Ken Staffey
Main Address
2385 PARK AVENUE, BRIDGEPORT, CT, 06604
Website
www.bptsym.orgNTEE Category
Code: A69 - Arts
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