Overview
What is Penfield Symphony Orchestra Inc?
Penfield Symphony Orchestra Inc, based in Penfield, New York, is a nonprofit organization with a focus on live symphonic music. Situated at 1587 Jackson Road, the organization aims to serve the Penfield community and the wider Greater Rochester area. Despite the challenges posed by Covid-19, they managed to carry out two of their four scheduled concerts. The PSO's mission is to provide a platform for highly skilled and dedicated musicians, allowing them to showcase their talents and contribute to the cultural landscape of the region. With a modest workforce of four individuals, the PSo contributes to the community's artistic and musical growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating.
The Penfield Symphony Orchestra Inc holds a 74% rating, indicating a reasonable level of accountability and financial health. The organization boasts a fully independent board, with all 12 members free from conflicts of interest, and adheres to best practices in governance, including policies on whistleblowing and document retention. Additionally, the absence of any material diversion of assets signifies strong fiscal management.
However, the orchestra's program expense ratio is relatively low at 53.75%, which may raise concerns about the proportion of its budget allocated directly to programs versus administrative costs. While the organization performs well in terms of governance and financial practices, a higher program expense ratio could enhance its overall effectiveness and mission impact.
This AI summary has been generated from information found on Charity Navigator.
Is Penfield Symphony Orchestra Inc legitimate?
Penfield Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penfield Symphony Orchestra 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: $28,485
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Penfield Symphony Orchestra Inc?
The Penfield Symphony Orchestra Inc's mission is centered around the performance and promotion of live symphonic music within the Penfield community and the wider Greater Rochester area. This organization serves as a platform for highly skilled and dedicated musicians, providing them with an opportunity to showcase their talents. Despite the challenges posed by Covid-19, the orchestra managed to perform two of its scheduled concerts, demonstrating its commitment to delivering live symphonic music.
Who is the CEO of Penfield Symphony Orchestra Inc?
David Mear is the Treasurer of Penfield Symphony Orchestra Inc.
What is the revenue of Penfield Symphony Orchestra Inc?
Penfield Symphony Orchestra Inc's revenue in 2022 was $45,406.
Who are the executives of Penfield Symphony Orchestra Inc and what are their salaries?
The average compensation at Penfield Symphony Orchestra Inc during 2022 was $7,121. There are 4 employees and 75 volunteers at Penfield Symphony Orchestra Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Penfield Symphony Orchestra Inc?
Penfield Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Penfield Symphony Orchestra Inc
Penfield Symphony Orchestra Inc, in its mission, strives to bring live symphonic music to the Penfield community and the wider Greater Rochester region. This nonprofit organization serves as a platform for highly skilled and dedicated musicians, providing them with an opportunity to showcase their talents. The primary objective of Penfield Symphony Orchestra Inc is to promote and celebrate the beauty and power of symphonic music, fostering a cultural appreciation within the community it serves. Despite the challenges posed by Covid-19, the orchestra managed to perform two of its scheduled concerts, demonstrating its commitment to delivering high-quality musical experiences.
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Impact
August, 2024
The Penfield Symphony Orchestra Inc has a significant impact on the cultural landscape of Penfield and the Greater Rochester community through its mission to perform and promote live symphonic music. Despite the challenges posed by the Covid-19 pandemic, where the PSO was only able to perform 2 of its 4 regularly scheduled concerts, the organization continues to provide an opportunity for highly qualified dedicated musicians to showcase their talent and connect with audiences. The PSO's commitment to the arts enriches the community and fosters a love for symphonic music among its members and patrons.
This information is meant to be a general summary of Penfield Symphony Orchestra 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: $8,851
- Program Service Revenue: $4,951
- Gross Receipts: $45,406
Assets and Liabilities:
- Total Assets: $387,294
- Total Liabilities: $3,789
- Net Assets: $383,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket sales
Revenue
$4,951
Young Artist application fee
Program advertising
Organization Details
Founding Year
1982
Phone
(585) 872-0774Principal Officer
David Mear
Main Address
1587 Jackson Road, Penfield, NY, 14526
NTEE Category
Code: A69 - Arts
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