Overview
What is Bay-Atlantic Symphony?
The Bay-Atlantic Symphony, situated in Atlantic City, New Jersey, is a dedicated nonprofit organization. Its primary objective is to stimulate and cultivate an affection for symphonic and classical music within the Southern New Jersey region. They achieve this goal by organizing concerts and related events. The organization's activities revolve around promoting and enhancing people's enjoyment and understanding of this genre of music, thereby fostering a deeper appreciation for it in their community.
Official website here: www.bayatlanticsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating.
The Bay-Atlantic Symphony has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's overall score is primarily based on its strong performance in accountability and finance, achieving an 81% score in this area. This rating reflects the organization's commitment to transparency and responsible financial management.
The Bay-Atlantic Symphony demonstrates several strengths, including a fully independent board of members and comprehensive financial oversight, as evidenced by high marks in areas such as financial statements and conflict of interest policies. Notably, the organization has a program expense ratio of 88.39%, suggesting that a significant portion of its resources is directed towards its mission and programs.
However, the Bay-Atlantic Symphony does face a limitation with its liabilities to assets ratio, which stands at 203.71%. This indicates that the organization has more liabilities than assets, which could raise concerns about its financial stability if not addressed. Overall, while the Symphony shows strong governance and effective program spending, it will need to manage its liabilities to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Bay-Atlantic Symphony legitimate?
Bay-Atlantic Symphony is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay-Atlantic Symphony 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
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Other Salaries and Wages: $188,557
For more financial information, click here
Official website here: www.bayatlanticsymphony.org
What is the mission statement of Bay-Atlantic Symphony?
The Bay-Atlantic Symphony is dedicated to promoting and fostering the enjoyment and appreciation of symphonic and classical music in a specific region. They achieve this mission by presenting concerts and related events. The organization's programs are designed to serve this purpose, aiming to engage and educate the public about classical music. By doing so, the Bay-Atlantic Symphony contributes to the cultural enrichment of its community, fostering a deeper appreciation for this art form. Its activities provide an opportunity for music lovers to experience live performances and enjoy the beauty and complexity of symphonic music.
Official website here: www.bayatlanticsymphony.org
Who is the CEO of Bay-Atlantic Symphony?
Robert Dragotta is the President of Bay-Atlantic Symphony.
Official website here: www.bayatlanticsymphony.org
What is the revenue of Bay-Atlantic Symphony?
Bay-Atlantic Symphony's revenue in 2022 was $599,564.
Official website here: www.bayatlanticsymphony.org
Who are the executives of Bay-Atlantic Symphony and what are their salaries?
The average compensation at Bay-Atlantic Symphony during 2022 was $31,426. There are 6 employees and 16 volunteers at Bay-Atlantic Symphony.
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Official website here: www.bayatlanticsymphony.org
Where can I find the form 990 for Bay-Atlantic Symphony?
Bay-Atlantic Symphony's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayatlanticsymphony.org
Learn more at the official website: www.bayatlanticsymphony.org
Mission Statement of Bay-Atlantic Symphony
Bay-Atlantic Symphony, as a nonprofit organization, is dedicated to the promotion and cultivation of symphonic and classical music appreciation in the Southern New Jersey region. They accomplish this by organizing concerts and related events, aiming to foster enjoyment and interest in these musical genres. The symphony's programs are designed to achieve this mission, making it an essential part of the local music scene.
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Impact
July, 2024
The Bay-Atlantic Symphony enriches the cultural landscape of Southern New Jersey by promoting and fostering the enjoyment and appreciation of symphonic and classical music through its concerts and related events. Through its performances, the symphony provides residents and visitors with access to high-quality musical experiences, contributing to the region's artistic vibrancy and providing opportunities for cultural enrichment. Additionally, the symphony's presence in Atlantic City enhances the city's reputation as a hub for arts and culture, attracting audiences and showcasing the talent of local and visiting musicians. Overall, the Bay-Atlantic Symphony's impact on the community is significant in cultivating a love for classical music and supporting the arts in the region.
This information is meant to be a general summary of Bay-Atlantic Symphony. 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.
- Program Service Revenue: $344,856
- Gross Receipts: $599,564
Assets and Liabilities:
- Total Assets: $122,961
- Total Liabilities: $96,699
- Net Assets: $26,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$305,650
ADMISSIONS
Revenue
$39,206
Organization Details
Founding Year
1983
Phone
(609) 449-8780Principal Officer
Robert Dragotta
Main Address
1616 PACIFIC AVE SUITE 308, ATLANTIC CITY, NJ, 08401
Website
www.bayatlanticsymphony.orgNTEE Category
Code: A69 - Arts
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