Overview
What is American Symphony Orchestra?
The American Symphony Orchestra, situated in New York, New York, is a nonprofit organization dedicated to bringing affordable symphony concerts to the public. With a mission to revitalize live orchestra music as a significant part of contemporary American culture, they present thematic programming, curating musical works around diverse concepts drawn from various disciplines like history, visual arts, science, politics, and literature. The ASO is committed to innovation in concert presentation and promotes musical education, aiming to grow its audience and ensure orchestras' survival in the 21st century. The organization operates with 119 employees, demonstrating its dedication to serving the public and fostering the love for orchestral music in modern society.
Official website here: www.americansymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
The American Symphony Orchestra has received a Two-Star rating from Charity Navigator, indicating a moderate performance in terms of accountability and financial health. While the organization demonstrates strong governance practices, including a fully independent board and effective oversight mechanisms, its financial ratios reveal challenges, particularly with a high liabilities-to-assets ratio and negative working capital.
Strengths of the organization include an impressive program expense ratio of 87.33% and fundraising efficiency, which suggests that a significant portion of contributions are directed toward programs rather than administrative costs. The orchestra also maintains robust policies related to conflict of interest and whistleblower protections, reflecting a commitment to transparency and ethical management.
However, the financial health indicators raise concerns, particularly the liabilities-to-assets ratio of 138.71% and a working capital ratio of -0.42 years, suggesting that the organization may struggle with financial sustainability. Continued attention to these areas will be important for the orchestra's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is American Symphony Orchestra legitimate?
American Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. American 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: $147,000
Professional Fundraising Fees: $35,000
Other Salaries and Wages: $1,249,293
For more financial information, click here
Official website here: www.americansymphony.org
What is the mission statement of American Symphony Orchestra?
The American Symphony Orchestra's mission is to revitalize live orchestra music as a significant element in contemporary American culture. To achieve this, they present thematic programming, curating musical works around concepts derived from various disciplines such as history, visual arts, science, politics, and literature. The organization is committed to innovation in concert presentation and is dedicated to promoting musical education. In an effort to expand its audience and make orchestral music relevant and essential for a modern, diverse society, the American Symphony Orchestra considers itself a public service organization and a model for the survival and growth of orchestras in the 21st century.
Official website here: www.americansymphony.org
Who is the CEO of American Symphony Orchestra?
Oliver Inteeworn is the Chair of American Symphony Orchestra.
Official website here: www.americansymphony.org
What is the revenue of American Symphony Orchestra?
American Symphony Orchestra's revenue in 2022 was $2,647,978.
Official website here: www.americansymphony.org
Who are the executives of American Symphony Orchestra and what are their salaries?
The average compensation at American Symphony Orchestra during 2022 was $11,734. There are 119 employees and 9 volunteers at American Symphony Orchestra.
Here are 11 key members and their salaries:
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- Compensation: $135,000
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- Compensation: $12,000
- Related: $125,606
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Official website here: www.americansymphony.org
Where can I find the form 990 for American Symphony Orchestra?
American Symphony Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americansymphony.org
Learn more at the official website: www.americansymphony.org
Mission Statement of American Symphony Orchestra
The American Symphony Orchestra (ASO) is committed to revitalizing live orchestra music as a significant element in contemporary American culture. To achieve this goal, the organization presents thematic programming, where musical compositions are curated around concepts drawn from various disciplines such as history, visual arts, science, politics, and literature. The ASO also advocates for innovation in concert presentation and actively supports musical education. In its endeavor to broaden the constituency for orchestral music by making it a pertinent and indispensable experience for a modern, diverse society, the ASO considers itself a public service organization and a model for the survival and expansion of orchestras in the 21st century.
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Impact
July, 2024
The American Symphony Orchestra is dedicated to renewing live orchestra music as a vital force in contemporary American culture. Through thematic programming curated around ideas from various disciplines, such as history, visual arts, science, politics, and literature, the ASO aims to make orchestral music relevant and essential for a modern, diverse society. By presenting affordable symphony concerts and focusing on innovation in concert presentation, the ASO seeks to increase the constituency for orchestral music and promote musical education. In doing so, the ASO serves as a model for the survival and growth of orchestras in the twenty-first century, positioning itself as an organization in the public's service.
This information is meant to be a general summary of American 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: $1,962
- Program Service Revenue: $680,629
- Gross Receipts: $2,647,978
Assets and Liabilities:
- Total Assets: $2,198,818
- Total Liabilities: $3,180,492
- Net Assets: -$981,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICE FEES
Revenue
$650,227
TICKET SALES
Revenue
$30,402
Organization Details
Founding Year
1962
Phone
(646) 237-5031Principal Officer
Oliver Inteeworn
Main Address
1330 AVENUE OF THE AMERICAS 23A, NEW YORK, NY, 10019
Website
www.americansymphony.orgNTEE Category
Code: A690 - Arts
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