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West Virginia Symphony Orchestra Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205635406 ✦ Charleston, WV ✦ Designated as a 501(c)(3)

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Overview

What is West Virginia Symphony Orchestra Foundation Inc?

West Virginia Symphony Orchestra Foundation Inc, located in Charleston, West Virginia, is a supporting organization with a primary objective to aid the West Virginia Symphony Orchestra, Inc. Established to manage endowment contributions intended for perpetual support of the orchestra, the foundation distributes financial assistance annually, based on a percentage of its total endowment's net fair market value. The foundation's role is crucial in providing continuous financial support to the West Virginia Symphony Orchestra, ensuring its continued success and the enjoyment of classical music within the community.


Official website here: www.wvsymphony.org

Is West Virginia Symphony Orchestra Foundation Inc legitimate?

West Virginia Symphony Orchestra Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia Symphony Orchestra Foundation 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: $0

For more financial information, click here


Official website here: www.wvsymphony.org

What is the mission statement of West Virginia Symphony Orchestra Foundation Inc?

The West Virginia Symphony Orchestra Foundation Inc. serves as a supporting organization, primarily aimed at managing and distributing permanently restricted endowment contributions. These contributions, donated with the intention of benefiting the West Virginia Symphony Orchestra Inc. indefinitely, are used to provide financial assistance to the orchestra annually. The foundation's distributions are based on a percentage of the net fair market value of its total endowment. Its primary role is to ensure the West Virginia Symphony Orchestra Inc. has the necessary financial support for its operations.


Official website here: www.wvsymphony.org

Who is the CEO of West Virginia Symphony Orchestra Foundation Inc?

Joe Tackett is the Chairman of West Virginia Symphony Orchestra Foundation Inc.


Official website here: www.wvsymphony.org

What is the revenue of West Virginia Symphony Orchestra Foundation Inc?

West Virginia Symphony Orchestra Foundation Inc's revenue in 2023 was $320,503.


Official website here: www.wvsymphony.org

Who are the executives of West Virginia Symphony Orchestra Foundation Inc and what are their salaries?


Here are 9 key members and their salaries:


Dan Foster (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick A Bond (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sayre (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Elliot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Slaughter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Dexter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Quinlan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Teeter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Mcghee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wvsymphony.org

Where can I find the form 990 for West Virginia Symphony Orchestra Foundation Inc?

West Virginia Symphony Orchestra Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.wvsymphony.org

Learn more at the official website: www.wvsymphony.org

Mission Statement of West Virginia Symphony Orchestra Foundation Inc

The West Virginia Symphony Orchestra Foundation Inc, established with the sole purpose of offering financial support to the West Virginia Symphony Orchestra Inc, manages permanently restricted endowment contributions. These contributions, intended by their donors to benefit the West Virginia Symphony Orchestra Inc in perpetuity, are utilized to provide financial assistance to the orchestra through annual distributions based on a percentage of the net fair market value of the foundation's total endowment. The foundation serves as a crucial financial backbone for the West Virginia Symphony Orchestra Inc, ensuring its continued operation and success.

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Impact




October, 2024

The West Virginia Symphony Orchestra Foundation Inc significantly contributes to the cultural landscape of Charleston and the broader West Virginia community by providing essential financial support to the West Virginia Symphony Orchestra. Through the management of permanently restricted endowment contributions, the Foundation ensures a stable and sustainable source of funding for the orchestra. This financial assistance allows the symphony to continue its artistic endeavors, including concerts, educational outreach, and community engagement programs.

By facilitating annual distributions from the endowment based on its net fair market value, the Foundation plays a crucial role in the symphony's ability to maintain high-quality performances and expand its programming. The positive impact includes not only the enrichment of the local arts scene but also the fostering of a love for music and the arts among residents, thereby enhancing the quality of life in the region. Ultimately, the Foundation’s work ensures that the orchestra can thrive now and for future generations, supporting both the performers and the community that cherishes their talents.




This information is meant to be a general summary of West Virginia Symphony Orchestra Foundation 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.

Revenue
$320,503 (2023)
Expenses
$112,526 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $247,587
  • Gross Receipts: $320,503

Assets and Liabilities:

  • Total Assets: $11,326,629
  • Total Liabilities: $65,000
  • Net Assets: $11,261,629

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Organization Details

Founding Year

2006

Principal Officer

Joe Tackett

Main Address

4700 MACCORKLE AVENUE SUITE 101, CHARLESTON, WV, 25304

NTEE Category

Code: A116 - Arts

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