Overview
What is Philadelphia Chamber Music Society?
The Philadelphia Chamber Music Society, located at 1528 Walnut Street in Philadelphia, Pennsylvania, is a distinguished nonprofit organization with a mission to engage the community in a more enriching life through the shared experience of chamber music. They accomplish this by arranging diverse and compelling programs, featuring world-renowned musicians, at affordable prices. Each season, they present at least 50 concerts by leading international chamber ensembles and recitalists, showcasing a wide range of works from various time periods, including world premieres and compositions by living composers. The organization believes in making music accessible to all, regardless of age or background, and offers affordable ticket pricing. In addition to live concerts, they also provide live streaming at no charge, on a pay-what-you-want basis. Since its inception in 1986, the Philadelphia Chamber Music Society has presented over 2,050 concerts, playing a significant role in introducing under-represented musicians and establishing Philadelphia as a leading performing arts center. The organization, with a dedicated workforce of 9 employees, continues to enrich the lives of its community through chamber music.
Official website here: www.pcmsconcerts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Philadelphia Chamber Music Society has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The score is significantly bolstered by a perfect Accountability & Finance score, indicating robust management practices and transparency in operations.
Strengths of the organization include a fully independent board comprising 23 members, ensuring unbiased governance. The financial metrics are impressive, with a program expense ratio of 77.27%, demonstrating effective use of funds toward mission-related activities. Additionally, the organization has shown no issues with financial mismanagement, as evidenced by a 3.82% liabilities to assets ratio, indicating solid financial stability.
However, there are noted limitations in the form of missing policies, specifically a whistleblower policy and a document retention and destruction policy. While these omissions may not significantly impact overall performance, addressing them could further enhance the organization's governance framework and reassure stakeholders of its commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Chamber Music Society legitimate?
Philadelphia Chamber Music Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Chamber Music Society 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: $156,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,125
For more financial information, click here
Official website here: www.pcmsconcerts.org
What is the mission statement of Philadelphia Chamber Music Society?
The Philadelphia Chamber Music Society's mission is to engage the community in a more enriching life through the shared experience of chamber music. They achieve this by arranging diverse and compelling programs featuring exceptional artists at affordable prices, presenting new music, and offering educational programs. Each season, they present at least 50 concerts by leading international chamber ensembles and recitalists, spanning five centuries and featuring world premieres and other works by living composers. The society maintains an affordable ticket pricing policy to ensure accessibility for people of all ages and backgrounds, and they also provide live streaming of concerts at no charge on a pay-what-you-wish basis. Since its inception in 1986, PCMS has presented over 2,050 concerts, playing a significant role in introducing under-represented musicians and enriching the city as a leading performing arts center.
Official website here: www.pcmsconcerts.org
What is the revenue of Philadelphia Chamber Music Society?
Philadelphia Chamber Music Society's revenue in 2024 was $2,522,721.
Official website here: www.pcmsconcerts.org
Who are the executives of Philadelphia Chamber Music Society and what are their salaries?
The average compensation at Philadelphia Chamber Music Society during 2024 was $40,759. There 20 volunteers at Philadelphia Chamber Music Society.
Here are 22 key members and their salaries:
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Official website here: www.pcmsconcerts.org
Where can I find the form 990 for Philadelphia Chamber Music Society?
Philadelphia Chamber Music Society's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pcmsconcerts.org
Learn more at the official website: www.pcmsconcerts.org
Mission Statement of Philadelphia Chamber Music Society
Philadelphia Chamber Music Society, shortened as PCMS, is dedicated to enriching the lives of its community through the shared experience of chamber music. Their mission is to present a diverse range of compelling programs by exceptional artists at affordable prices, thereby making chamber music accessible to people of all ages and backgrounds. By arranging concerts featuring world-renowned musicians, PCMS brings a rich variety of works spanning five centuries to the city, including world premieres and other pieces by living composers. Their commitment to affordability allows people from various walks of life to attend their performances. Additionally, PCMS presents new music and education programs, playing a significant role in introducing under-represented musicians and enriching the city as a leading performing arts center. Their season typically includes at least 50 concerts by international chamber ensembles and recitalists, ensuring a vibrant and engaging cultural landscape for the community.
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Impact
October, 2024
The Philadelphia Chamber Music Society (PCMS) significantly enriches the cultural landscape of Philadelphia by presenting world-renowned musicians and fostering music education. Each season, PCMS curates a diverse lineup of at least 50 concerts featuring leading international chamber ensembles and recitalists, many of whom would not otherwise perform in the city. This exposure not only enhances the local arts scene but also introduces the community to a rich variety of musical works, spanning five centuries, including world premieres and compositions by contemporary artists.
PCMS's commitment to affordability ensures that people from all walks of life can experience high-quality live performances, promoting accessibility to the arts. By maintaining a policy of reasonable ticket pricing and offering no-cost live streaming options on a pay-what-you-wish basis, PCMS invites a broad audience to engage with chamber music. Over its history, the organization has presented more than 2,050 concerts, playing a crucial role in showcasing under-represented musicians and solidifying Philadelphia's status as a leading performing arts center.
Through its compelling programming and dedication to community engagement, PCMS transforms lives by promoting a shared experience of artistic beauty and inspiring the next generation of music lovers and performers.
This information is meant to be a general summary of Philadelphia Chamber Music Society. 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 2024.
- Investment Income: $350,681
- Program Service Revenue: $476,809
- Gross Receipts: $2,522,721
Assets and Liabilities:
- Total Assets: $9,999,220
- Total Liabilities: $336,147
- Net Assets: $9,663,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Chamber Music Series
Revenue
$469,677
Fee Income
Revenue
$7,132
Organization Details
Founding Year
1986
Principal Officer
Philip Maneval
Website
www.pcmsconcerts.orgNTEE Category
Code: A610 - Arts
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