Overview
What is Folsom Symphony Inc?
Folsom Symphony Inc, based in Folsom, California, serves as a vital cultural entity in the community. With a team of five dedicated individuals, the symphony's mission is to inspire and foster a sense of unity through the captivating power of symphonic music. They achieve this by presenting a variety of performances, both in their concert hall and in schools and senior facilities, aiming to engage and connect with the local community. In the 2021-22 season, post-COVID-19 restrictions, the symphony successfully delivered seven major concert performances at the Harris Center for the Arts, attracting an average audience of over 85% of the venue's capacity. Additionally, they reinstated their community enrichment projects, including two free outdoor concerts and a low-priced Family Concert, further solidifying their role as a community-focused organization.
Official website here: www.folsomsymphony.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
Folsom Symphony Inc has received a Two-Star rating, indicating some areas of accountability and finance that need improvement. The organization boasts a fully independent board, which is a strong point reflecting good governance practices. Additionally, it maintains a low liabilities to assets ratio, demonstrating financial stability, and a high program expense ratio of 80.81%, suggesting a commitment to directing funds towards its mission.
However, the organization faces significant challenges regarding transparency and policy adherence. Key documents such as financial statements and the tax form are missing from their public listings. Furthermore, they lack essential policies on conflict of interest and whistleblower protections, which could raise concerns about their operational integrity and accountability. Addressing these gaps could enhance their rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Folsom Symphony Inc legitimate?
Folsom Symphony Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folsom Symphony 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: $48,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.folsomsymphony.com
What is the mission statement of Folsom Symphony Inc?
The mission of Folsom Symphony Inc is centered around inspiring and fostering a sense of community through the captivating power of symphonic music. They achieve this by engaging with the community in various settings, including concert halls, schools, and senior facilities. In line with their mission, they presented a full concert season for the 2021-22 season as COVID-19 restrictions eased, successfully hosting seven major performances with an average audience attendance exceeding 85% of capacity at the Harris Center for the Arts. The symphony also resumed its community enrichment initiatives, featuring two free outdoor concerts and a low-priced Family Concert.
Official website here: www.folsomsymphony.com
Who is the CEO of Folsom Symphony Inc?
Anson Wong is the President of Folsom Symphony Inc.
Official website here: www.folsomsymphony.com
What is the revenue of Folsom Symphony Inc?
Folsom Symphony Inc's revenue in 2022 was $486,603.
Official website here: www.folsomsymphony.com
Who are the executives of Folsom Symphony Inc and what are their salaries?
The average compensation at Folsom Symphony Inc during 2022 was $9,649. There are 5 employees and 50 volunteers at Folsom Symphony Inc.
Here are 5 key members and their salaries:
- Compensation: $48,244
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.folsomsymphony.com
Where can I find the form 990 for Folsom Symphony Inc?
Folsom Symphony Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.folsomsymphony.com
Learn more at the official website: www.folsomsymphony.com
Mission Statement of Folsom Symphony Inc
The Folsom Lake Symphony, a nonprofit organization, is dedicated to inspiring and fostering a sense of community through the captivating power of symphonic music. This is achieved by engaging with the community in various settings. The symphony carries out this mission by presenting performances in concert halls, schools, and senior facilities, thereby reaching out to a broad spectrum of people.
During the 2021-22 season, as COVID-19 restrictions eased, the Folsom Lake Symphony showcased its full concert series at the Harris Center for the Arts. The symphony's performances were well-received, with an average attendance of over 85% of the venue's capacity. Additionally, the symphony rekindled its commitment to community enrichment by organizing two free outdoor community concerts and a low-priced Family Concert. These initiatives aimed to make symphonic music accessible and enjoyable for a diverse range of individuals.
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Impact
July, 2024
The impact of Folsom Symphony Inc is significant as it serves to inspire and create community through the power of symphonic music. The symphony engages the community through various performances in concert halls, schools, and senior facilities. In the 2021-22 season, the symphony successfully presented seven major concert performances with high audience attendance rates at the Harris Center for the Arts. Additionally, they restarted community enrichment efforts by offering free outdoor concerts and a low-priced Family Concert, further contributing to the cultural vibrancy of the city of Folsom, CA.
This information is meant to be a general summary of Folsom Symphony 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: $205
- Program Service Revenue: $189,047
- Gross Receipts: $488,062
Assets and Liabilities:
- Total Assets: $930,231
- Total Liabilities: $92,899
- Net Assets: $837,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Symphony Performances
Revenue
$189,047
Organization Details
Founding Year
2003
Phone
(916) 357-6718Principal Officer
Anson Wong
Main Address
PO Box 794, Folsom, CA, 95763
Website
www.folsomsymphony.comNTEE Category
Code: A69 - Arts
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