Overview
What is Troy Chromatic Concerts Inc?
Troy Chromatic Concerts Inc, based in Troy, New York, is a distinguished nonprofit organization dedicated to fostering appreciation for various musical genres and artists. Their mission involves organizing a series of live classical concerts, featuring guest artists and ensembles. By doing so, they aim to elevate the reputation of the Greater Troy area as a notable hub for the musical arts. During the 2022-23 season, despite the worldwide COVID-19 pandemic, they continued their normal series of concerts. The organization operates with a focus on promoting and supporting the musical arts community, contributing to the cultural richness of the Troy area.
Official website here: www.troychromaticconcerts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Troy Chromatic Concerts Inc has earned an 83% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects a strong commitment to financial health and transparency, with a significant program expense ratio of 94.7%, meaning that most of its resources are directed toward its mission. The organization also boasts a fully independent board, which is a positive indicator of governance quality.
The accountability and finance score highlights several strengths, such as having no material diversion of assets and a high score for independent board member composition. Additionally, the charity's liabilities to assets ratio stands at an impressive 0%, showing no debt. However, the organization has noted weaknesses, particularly in governance policies, as it lacks both a whistleblower policy and a document retention and destruction policy, which could be areas for improvement.
Overall, while Troy Chromatic Concerts Inc demonstrates strong financial practices and governance through independent oversight, addressing the missing policies could enhance its overall accountability and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Troy Chromatic Concerts Inc legitimate?
Troy Chromatic Concerts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Chromatic Concerts 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.troychromaticconcerts.org
What is the mission statement of Troy Chromatic Concerts Inc?
Troy Chromatic Concerts Inc's mission is to foster an appreciation for a diverse range of music, performances, and performers by organizing live classical concerts featuring guest artists and ensembles. This mission aims to promote and elevate the reputation of the musical arts scene, positioning the organization as a significant venue for such events. The concerts showcased during the 2022-23 season resumed following the global COVID-19 pandemic, demonstrating the organization's resilience and commitment to its mission.
Official website here: www.troychromaticconcerts.org
Who is the CEO of Troy Chromatic Concerts Inc?
Karl Moschner is the President of Troy Chromatic Concerts Inc.
Official website here: www.troychromaticconcerts.org
What is the revenue of Troy Chromatic Concerts Inc?
Troy Chromatic Concerts Inc's revenue in 2023 was $132,933.
Official website here: www.troychromaticconcerts.org
Who are the executives of Troy Chromatic Concerts Inc and what are their salaries?
There 50 volunteers at Troy Chromatic Concerts Inc.
Here are 8 key members and their salaries:
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Official website here: www.troychromaticconcerts.org
Where can I find the form 990 for Troy Chromatic Concerts Inc?
Troy Chromatic Concerts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.troychromaticconcerts.org
Learn more at the official website: www.troychromaticconcerts.org
Mission Statement of Troy Chromatic Concerts Inc
Troy Chromatic Concerts Inc is dedicated to fostering, promoting, and encouraging an appreciation for a diverse range of music performances and artists. They accomplish this by organizing a series of live classical concerts, featuring a variety of guest artists and ensembles. The primary objective of Troy Chromatic Concerts Inc is to enhance the reputation of the greater Troy area as a significant venue for the musical arts. By providing these concerts, they aim to support and promote the talents of these artists and contribute to the cultural landscape of the area. Despite the challenges posed by the worldwide COVID-19 pandemic, Troy Chromatic Concerts Inc continued their series of concerts during the 2022-23 season, demonstrating their commitment to the promotion of music and the arts.
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Impact
October, 2024
Troy Chromatic Concerts Inc has a profound impact on the local arts community by cultivating a deeper appreciation for diverse musical performances. Through its series of live classical concerts, the organization not only showcases a range of artists and ensembles but also enriches the cultural landscape of the Greater Troy area. This commitment to live performances enhances Troy's reputation as a significant venue for musical arts, creating a vibrant space for both artists and audiences.
During the 2022-23 season, Troy Chromatic Concerts continued its series despite challenges posed by the global COVID-19 pandemic, demonstrating resilience and dedication to the arts. By promoting various musical performances, the organization fosters a sense of community and connection through the universal language of music. Its efforts contribute significantly to the appreciation and support of the performing arts in Troy, making a lasting impact on both the local and broader artistic community.
This information is meant to be a general summary of Troy Chromatic Concerts 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: $55,915
- Program Service Revenue: $39,827
- Gross Receipts: $582,461
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT REVENUE
Revenue
$39,827
Organization Details
Founding Year
1896
Phone
(518) 274-5941Principal Officer
Karl Moschner
Main Address
30 SECOND ST, TROY, NY, 12180
NTEE Category
Code: A68Z - Arts
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