Overview
What is Troy Savings Bank Music Hall Corp?
Troy Savings Bank Music Hall Corp is a nonprofit organization situated in Troy, New York, specifically at 30 Second Street. Their primary mission is to foster the development and appreciation of the musical arts within the community. They accomplish this by presenting various concerts and entertainment activities, often annual and free events, in a diverse range of genres. The organization holds these events at the historic Troy Savings Bank Music Hall. Furthermore, Troy Savings Bank Music Hall Corp encourages association between music enthusiasts and promotes other fine arts, such as the dramatic and performing arts, graphic arts, and more, aiming to enhance the intellectual, cultural, and aesthetic appreciation of the population. The organization employs a team of 33 individuals.
Official website here: www.troymusichall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Troy Savings Bank Music Hall Corp has achieved an impressive overall score of 96%, indicating strong performance in accountability and finance. This high rating is derived from a thorough assessment of its financial practices, which reflects a commitment to transparency and responsible management of resources. The organization has scored exceptionally well across various indicators, including a perfect score for having an independent board and no material diversion of assets.
The organizational strengths are evident in its financial practices, with a program expense ratio of 73.63%, suggesting that a significant portion of its resources is directed towards its programs and mission. Additionally, the organization has established comprehensive policies to ensure ethical governance, including conflict of interest and whistleblower policies, which further enhance its accountability.
While the rating highlights the nonprofit's strengths, it should be noted that the evaluation focuses solely on financial accountability. Stakeholders may want to consider additional factors such as program effectiveness and community impact to get a complete picture of the organization's overall performance. Nonetheless, the solid financial health and governance practices position Troy Savings Bank Music Hall Corp as a reliable and responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Troy Savings Bank Music Hall Corp?
92% of 435 reviewers on Facebook recommend Troy Savings Bank Music Hall Corp. Here's a summary of their reviews:
Many concertgoers praise the venue for its exceptional acoustics, highlighting how clearly the performances resonate throughout the space. Attendees often describe their experiences as intimate and enjoyable, making it a favored destination for live music events.
Overall, the nonprofit seems to effectively deliver a high-quality experience for its visitors, establishing itself as a cherished spot for music lovers in the community. The positive sentiment indicates a strong appreciation for the performances hosted at the hall.
This AI summary has been generated from reviews found on Facebook.
Is Troy Savings Bank Music Hall Corp legitimate?
Troy Savings Bank Music Hall Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Savings Bank Music Hall Corp 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: $171,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,906
For more financial information, click here
Official website here: www.troymusichall.org
What is the mission statement of Troy Savings Bank Music Hall Corp?
The Troy Savings Bank Music Hall Corporation's mission is centered around fostering the growth of musical appreciation within the community. They accomplish this by organizing concerts and various musical programs, aiming to instill knowledge and love for music in the population. The corporation also encourages the association of music enthusiasts, and promotes a wide range of artistic expressions, including dramatic and performing arts, graphic arts, and other fine arts. Their ultimate goal is to enhance the intellectual, cultural, and aesthetic appreciation of music among the community members.
Official website here: www.troymusichall.org
Who is the CEO of Troy Savings Bank Music Hall Corp?
Scott Sauer is the President of Troy Savings Bank Music Hall Corp.
Official website here: www.troymusichall.org
What is the revenue of Troy Savings Bank Music Hall Corp?
Troy Savings Bank Music Hall Corp's revenue in 2022 was $2,615,236.
Official website here: www.troymusichall.org
Who are the executives of Troy Savings Bank Music Hall Corp and what are their salaries?
The average compensation at Troy Savings Bank Music Hall Corp during 2022 was $15,719. There are 33 employees and 129 volunteers at Troy Savings Bank Music Hall Corp.
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- Compensation: $101,812
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Official website here: www.troymusichall.org
Where can I find the form 990 for Troy Savings Bank Music Hall Corp?
Troy Savings Bank Music Hall Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.troymusichall.org
Learn more at the official website: www.troymusichall.org
Mission Statement of Troy Savings Bank Music Hall Corp
Troy Savings Bank Music Hall Corp is committed to fostering the growth and appreciation of the musical arts within the community. Their mission is multifaceted, encompassing the provision of concerts and musical programs, the inculcation of musical knowledge and appreciation among the population, and the encouragement of association among music enthusiasts. Moreover, they strive to promote not just music, but also the dramatic and performing arts, graphic arts, and other fine arts. The ultimate goal is to enhance the intellectual, cultural, and aesthetic appreciation of the community, thereby contributing to its overall development.
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Impact
October, 2024
Troy Savings Bank Music Hall Corp significantly enriches the cultural landscape of Troy, NY, by fostering a deep appreciation for the musical arts within the community. Through a diverse array of concerts and musical programs, it provides vital access to a wide range of genres, actively engaging residents and visitors alike in the enjoyment of live music.
The corporation's commitment to inclusivity is evident in its offering of annual and free events, ensuring that cultural experiences are accessible to all, regardless of economic background. This approach not only nurtures a love for music but also encourages community cohesion by connecting individuals with shared interests.
Moreover, the organization plays a crucial role in promoting the dramatic and performing arts, as well as the graphic and fine arts, thus contributing to the overall intellectual and aesthetic appreciation in the area. By nurturing artistic talent and providing a platform for expression, the Troy Savings Bank Music Hall helps elevate local artists while also attracting high-caliber performances from outside the region.
Overall, the impact of Troy Savings Bank Music Hall Corp goes beyond entertainment; it enhances the quality of life in the community, fosters cultural growth, and instills a lasting appreciation for the arts among its population.
This information is meant to be a general summary of Troy Savings Bank Music Hall Corp. 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: $1,004
- Program Service Revenue: $1,048,435
- Gross Receipts: $2,615,236
Assets and Liabilities:
- Total Assets: $2,088,126
- Total Liabilities: $818,142
- Net Assets: $1,269,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$706,163
TICKET HANDLING FEES
Revenue
$120,906
ARTS IN EDUCATION
Revenue
$106,475
HALL RENTAL
Revenue
$45,500
CONCESSION
Revenue
$29,461
Organization Details
Founding Year
1979
Phone
(518) 273-8945Principal Officer
Scott Sauer
Main Address
30 SECOND STREET, TROY, NY, 12180
Website
www.troymusichall.orgNTEE Category
Code: A61 - Arts
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