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Detroit Symphony Orchestra Endowment Trust Fund

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

EIN: 237269970 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Detroit Symphony Orchestra Endowment Trust Fund?

The Detroit Symphony Orchestra Endowment Trust Fund is a nonprofit entity that plays a crucial role in supporting the Detroit Symphony Orchestra, Inc. By making distributions, it contributes to the operation and sustainability of this esteemed orchestra. The trust fund's primary mission is to bolster the Detroit Symphony Orchestra, ensuring its continued presence and impact in the cultural landscape of the city.

Is Detroit Symphony Orchestra Endowment Trust Fund legitimate?

Detroit Symphony Orchestra Endowment Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Symphony Orchestra Endowment Trust Fund 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

What is the mission statement of Detroit Symphony Orchestra Endowment Trust Fund?

The Detroit Symphony Orchestra Endowment Trust Fund's primary role is to offer assistance to the Detroit Symphony Orchestra, Inc. This is accomplished through regular distributions. The mission of the Endowment Trust Fund is to contribute financially to the orchestra, thereby supporting its operations and activities. By doing so, it enables the Detroit Symphony Orchestra, Inc. to continue its musical performances and contributions to the arts community. The Endowment Trust Fund serves as a reliable source of financial support, ensuring the orchestra's sustainability and continuity.

Who is the CEO of Detroit Symphony Orchestra Endowment Trust Fund?

Anne Parsons is the Principal Officer of Detroit Symphony Orchestra Endowment Trust Fund.

What is the revenue of Detroit Symphony Orchestra Endowment Trust Fund?

Detroit Symphony Orchestra Endowment Trust Fund's revenue in 2023 was $120,922.

Who are the executives of Detroit Symphony Orchestra Endowment Trust Fund and what are their salaries?


There is 1 key member and their salary:


Comerica Bank (Trustee)
  • Compensation: $3,821
  • Related: $196,688
  • Other: $0
Where can I find the form 990 for Detroit Symphony Orchestra Endowment Trust Fund?

Detroit Symphony Orchestra Endowment Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Detroit Symphony Orchestra Endowment Trust Fund

The Detroit Symphony Orchestra Endowment Trust Fund is a dedicated entity that plays a significant role in supporting the Detroit Symphony Orchestra, Inc. Its primary mission is to provide financial aid to this esteemed orchestra through strategic distributions. By doing so, it contributes to the continued operation and success of the Detroit Symphony Orchestra, allowing it to deliver captivating performances and promote musical appreciation within its community.

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Impact




October, 2024

The Detroit Symphony Orchestra Endowment Trust Fund significantly impacts the cultural landscape of Detroit by providing essential financial support to the Detroit Symphony Orchestra, Inc. Through its strategic distributions, the fund helps ensure the orchestra's sustainability and enhances its ability to deliver high-quality performances and community engagement programs. This support not only sustains artistic excellence but also contributes to the vibrancy of the arts in Detroit, enriching the community's cultural experience and fostering appreciation for symphonic music. Additionally, the fund plays a crucial role in expanding access to the arts, enabling outreach initiatives and educational programs that inspire future generations of musicians and audiences.




This information is meant to be a general summary of Detroit Symphony Orchestra Endowment Trust Fund. 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
$120,922 (2023)
Expenses
$94,704 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $120,922
  • Gross Receipts: $1,089,816

Assets and Liabilities:

  • Total Assets: $3,422,976
  • Total Liabilities: $0
  • Net Assets: $3,422,976

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Organization Details

Founding Year

1957

Principal Officer

Anne Parsons

Main Address

3711 WOODWARD AVE, DETROIT, MI, 48226

NTEE Category

Code: A116 - Arts

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