Overview
What is Boca Raton Philharmonic Symphonia Inc?
Boca Raton Philharmonic Symphonia Inc, situated in Boca Raton, Florida, is a compact nonprofit organization with a mission to broaden the reach of classical arts within its local community. The primary focus of this organization is to present symphonia and various classical music programming, encompassing both performances and educational initiatives for individuals. With a committed workforce of one person, Boca Raton Philharmonic Symphonia Inc strives to share the beauty and richness of classical music with its community, fostering artistic growth and appreciation.
Official website here: www.bocasymphonia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Boca Raton Philharmonic Symphonia Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating reflects concerns about the organization's accountability and financial management. While the organization demonstrates a strong commitment to governance with a fully independent board and no diversion of assets, it has significant gaps in transparency, as indicated by missing financial statements and key policies such as those relating to conflicts of interest and whistleblower protections.
Strengths of the organization include a high program expense ratio of 71.70%, suggesting that a substantial portion of its budget is allocated directly to its mission-related activities. Additionally, the organization has a low liabilities-to-assets ratio, indicating a healthy financial position in terms of its obligations. However, the lack of publicly available financial documents and policies raises questions about its operational transparency and governance practices.
Overall, while the Boca Raton Philharmonic Symphonia Inc shows promise with its independent board and effective program spending, the deficiencies in accountability and transparency could hinder donor confidence and long-term sustainability. Addressing these issues would potentially improve its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Boca Raton Philharmonic Symphonia Inc legitimate?
Boca Raton Philharmonic Symphonia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boca Raton Philharmonic Symphonia 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,127
For more financial information, click here
Official website here: www.bocasymphonia.org
What is the mission statement of Boca Raton Philharmonic Symphonia Inc?
The mission of Boca Raton Philharmonic Symphonia Inc is centered around providing symphonia and classical music programming, encompassing both performances and educational opportunities for individuals. This organization strives to expand the reach of classical arts within the local community. By doing so, they aim to contribute to the cultural landscape, providing enriching experiences and fostering an appreciation for classical music.
Official website here: www.bocasymphonia.org
Who is the CEO of Boca Raton Philharmonic Symphonia Inc?
Carole Boucard is the Director of Boca Raton Philharmonic Symphonia Inc.
Official website here: www.bocasymphonia.org
What is the revenue of Boca Raton Philharmonic Symphonia Inc?
Boca Raton Philharmonic Symphonia Inc's revenue in 2022 was $959,594.
Official website here: www.bocasymphonia.org
Who are the executives of Boca Raton Philharmonic Symphonia Inc and what are their salaries?
The average compensation at Boca Raton Philharmonic Symphonia Inc during 2022 was $70,127. There is 1 employee at Boca Raton Philharmonic Symphonia Inc.
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Official website here: www.bocasymphonia.org
Where can I find the form 990 for Boca Raton Philharmonic Symphonia Inc?
Boca Raton Philharmonic Symphonia Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bocasymphonia.org
Learn more at the official website: www.bocasymphonia.org
Mission Statement of Boca Raton Philharmonic Symphonia Inc
Boca Raton Philharmonic Symphonia Inc is dedicated to providing symphonia and other classical music programming, serving both performance and educational purposes for individuals. Their mission is to broaden the reach of classical arts within the local community. By offering a variety of classical music events and educational programs, this nonprofit organization aims to engage and inspire individuals, fostering a deeper appreciation and understanding of this artistic form.
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Impact
August, 2024
Boca Raton Philharmonic Symphonia Inc expands the outreach of classical arts to the local community through its symphonic and other classical music programming. By providing performances and education for individuals in Boca Raton, Florida, the organization contributes to the cultural enrichment of the community.Through its mission to provide symphonia and other classical music programming, the Boca Raton Philharmonic Symphonia Inc plays a vital role in preserving and promoting classical music traditions and fostering a greater appreciation for the arts in the local area.
This information is meant to be a general summary of Boca Raton Philharmonic Symphonia 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: -$1,551
- Program Service Revenue: $80,402
- Gross Receipts: $959,594
Assets and Liabilities:
- Total Assets: $1,070,118
- Total Liabilities: $70,775
- Net Assets: $999,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$80,087
OTHER INCOME
Revenue
$315
Organization Details
Phone
(561) 376-3848Principal Officer
Carole Boucard
Main Address
980 N FEDERAL HIGHWAY SUITE 110, BOCA RATON, FL, 33432
Website
www.bocasymphonia.orgNTEE Category
Code: A69 - Arts
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