Overview
What is Albany Symphony Orchestra Inc?
Albany Symphony Orchestra Inc, situated in Albany, New York, serves as a vibrant cultural pillar in the region. The esteemed organization is dedicated to enriching the community through live performances, innovative educational programs, and engaging cultural events. By celebrating musical heritage, the orchestra fosters a diverse and broad regional audience. Beyond live performances, the orchestra is committed to creating, recording, and disseminating contemporary music, thereby establishing a lasting artistic legacy that contributes to shaping the nation's musical future. With a team of 325 dedicated individuals, Albany Symphony Orchestra Inc plays a significant role in promoting cultural advancement and uplifting the local community.
Official website here: www.albanysymphony.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Albany Symphony Orchestra Inc has received a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The high score of 93% indicates a well-managed organization with a focus on transparency and responsible governance. Key strengths include a fully independent board and robust financial oversight, with no reported material diversion of assets.
The organization demonstrates effective fundraising practices, achieving a low fundraising efficiency ratio, which suggests it raises funds at a minimal cost. Furthermore, the program expense ratio indicates that a substantial portion of their budget is allocated to programmatic activities, although it could improve further in this area. Overall, strong governance practices and financial stability are hallmarks of the orchestra's operations.
However, there is room for improvement in terms of program expenses, as the 62.87% ratio suggests that less than two-thirds of expenditures directly support programs. This could be a focus area for future growth and increased impact. Overall, the Albany Symphony Orchestra Inc is positioned well in terms of financial accountability, but enhancing program funding should be considered to bolster its mission further.
This AI summary has been generated from information found on Charity Navigator.
Is Albany Symphony Orchestra Inc legitimate?
Albany Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albany Symphony Orchestra 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: $209,662
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,347,083
For more financial information, click here
Official website here: www.albanysymphony.com
What is the mission statement of Albany Symphony Orchestra Inc?
The Albany Symphony Orchestra Inc. celebrates our nation's musical heritage by delivering captivating live performances, innovative educational programs, and engaging cultural events. These activities enrich a diverse regional community. Moreover, the orchestra is committed to creating, recording, and disseminating contemporary music, thereby establishing an enduring artistic legacy that is shaping the musical future of the nation.
Official website here: www.albanysymphony.com
Who is the CEO of Albany Symphony Orchestra Inc?
Jerel Golub is the Board Chair of Albany Symphony Orchestra Inc.
Official website here: www.albanysymphony.com
What is the revenue of Albany Symphony Orchestra Inc?
Albany Symphony Orchestra Inc's revenue in 2022 was $4,231,453.
Official website here: www.albanysymphony.com
Who are the executives of Albany Symphony Orchestra Inc and what are their salaries?
The average compensation at Albany Symphony Orchestra Inc during 2022 was $4,790. There are 325 employees and 200 volunteers at Albany Symphony Orchestra Inc.
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Official website here: www.albanysymphony.com
Where can I find the form 990 for Albany Symphony Orchestra Inc?
Albany Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albanysymphony.com
Learn more at the official website: www.albanysymphony.com
Mission Statement of Albany Symphony Orchestra Inc
Albany Symphony Orchestra Inc, a renowned cultural institution, is dedicated to celebrating and preserving our nation's rich musical heritage. By presenting captivating live performances, innovative educational programs, and engaging cultural events, the orchestra enriches a diverse regional community. Beyond live performances, they also strive to shape the future of music by creating, recording, and disseminating contemporary compositions. This commitment to fostering new talent and promoting musical progression is establishing an enduring artistic legacy for the Albany Symphony Orchestra Inc. Through its efforts, the orchestra is not only enriching the lives of its audience but also reshaping the nation's musical trajectory.
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Impact
October, 2024
The Albany Symphony Orchestra Inc significantly enriches the cultural landscape of the Albany region through its vibrant performances and innovative educational initiatives. By celebrating the rich musical heritage of the community, the ASO offers brilliant live concerts that resonate with a broad and diverse audience, fostering a deeper appreciation for the arts.
In addition to its engaging performances, the ASO actively supports the creation and dissemination of new music, ensuring that contemporary works are not only performed but also preserved and appreciated. This commitment to innovation establishes an enduring artistic legacy that contributes to reshaping the nation's musical future.
The orchestra's educational programs play a crucial role in cultural advancement, bringing music to schools and communities, and inspiring the next generation of musicians and audiences. Through its comprehensive array of concerts, educational initiatives, and cultural events, the Albany Symphony Orchestra Inc not only enhances the lives of individuals in the region but also cultivates a vibrant, artistic community that echoes far beyond Albany.
This information is meant to be a general summary of Albany Symphony Orchestra 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: $1,736,920
- Program Service Revenue: $830,166
- Gross Receipts: $11,545,905
Assets and Liabilities:
- Total Assets: $10,644,656
- Total Liabilities: $1,175,752
- Net Assets: $9,468,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$357,447
SUBSCRIPTIONS
Revenue
$305,905
UNDERWRITING
Revenue
$166,814
Organization Details
Founding Year
1936
Phone
(518) 465-4755Principal Officer
Jerel Golub
Main Address
19 CLINTON AVE, ALBANY, NY, 12207
Website
www.albanysymphony.comNTEE Category
Code: A690 - Arts
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