Overview
What is Minnesota Youth Symphonies?
Minnesota Youth Symphonies (MYS) is a renowned nonprofit organization situated in St. Paul, Minnesota, dedicated to nurturing young orchestral musicians since 1974. The organization maintains high expectations and artistic standards, encompassing three full orchestras and a string orchestra. MYS offers a comprehensive educational experience, including music theory classes, solfege, and harmony & composition lessons. To ensure inclusivity, the organization has a scholarship program for eligible students. With a devoted artistic staff, rehearsals are held at Highland Park Middle School, and concerts are performed in professional venues. MYS actively engages in community outreach, collaborating with local schools and organizations to provide musical opportunities for underprivileged children. The organization's commitment to talent development and artistic excellence is evident in the numerous scholarships, private lessons, and school band participation among its students. In the 2020-2021 season, over 125 parent volunteers contributed to the organization's success.
Official website here: www.mnyouthsymphonies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Minnesota Youth Symphonies has received an 82% score, reflecting a solid performance in Accountability & Finance, which constitutes the entirety of their rating. The organization benefits from a fully independent board, which is a strong indicator of governance and oversight. Their financial practices are transparent, with key policies such as conflict of interest and whistleblower protections in place, contributing positively to their accountability metrics.
The organization excels in program expenses, utilizing 78.31% of its budget for programs, showcasing its commitment to mission-driven activities. However, a significant area of concern is their liabilities to assets ratio, which scored 0 out of 15 points. This may suggest potential financial risks that could impact their long-term sustainability.
Overall, Minnesota Youth Symphonies demonstrates a commitment to transparency and effective governance, but stakeholders should remain aware of their financial liabilities as they move forward. The organization’s strong program expense ratio suggests a focus on delivering value to its beneficiaries, despite the noted limitations in their financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Youth Symphonies legitimate?
Minnesota Youth Symphonies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Youth Symphonies 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: $98,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,573
For more financial information, click here
Official website here: www.mnyouthsymphonies.org
What is the mission statement of Minnesota Youth Symphonies?
Minnesota Youth Symphonies, through its mission, enriches and inspires talented K-12 orchestral musicians by offering professional and comprehensive educational experiences. By doing so, it aims to cultivate leadership among students, fostering commitment, role modeling, and demanding excellence to encourage achievement. The organization also broadens cultural horizons, develops a sense of community, and nurtures a lifelong love for classical music in its audience, comprising students, families, and concertgoers. Minnesota Youth Symphonies delights audiences with outstanding performances of orchestral repertoire, showcasing the talents of its young musicians.
Official website here: www.mnyouthsymphonies.org
Who is the CEO of Minnesota Youth Symphonies?
Anthony Thomann is the President of Minnesota Youth Symphonies.
Official website here: www.mnyouthsymphonies.org
What is the revenue of Minnesota Youth Symphonies?
Minnesota Youth Symphonies's revenue in 2022 was $531,261.
Official website here: www.mnyouthsymphonies.org
Who are the executives of Minnesota Youth Symphonies and what are their salaries?
The average compensation at Minnesota Youth Symphonies during 2022 was $14,850. There are 17 employees and 120 volunteers at Minnesota Youth Symphonies.
Here are 12 key members and their salaries:
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- Compensation: $14,688
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- Compensation: $18,308
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Official website here: www.mnyouthsymphonies.org
Where can I find the form 990 for Minnesota Youth Symphonies?
Minnesota Youth Symphonies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnyouthsymphonies.org
Learn more at the official website: www.mnyouthsymphonies.org
Mission Statement of Minnesota Youth Symphonies
Minnesota Youth Symphonies, or MYS, is dedicated to enriching and inspiring talented K-12 orchestral musicians by offering comprehensive, professional educational experiences. This nonprofit organization aims to cultivate leadership in its students by fostering commitment, role modeling, demanding excellence, and encouraging achievement. Furthermore, MYS broadens cultural horizons, develops a sense of community, and fosters a lifelong love of classical music in its diverse audience, which includes students, families, and concertgoers. By providing outstanding performances of orchestral repertoire, MYS not only showcases the abilities of its talented musicians but also contributes to the cultural landscape.
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Impact
July, 2024
Minnesota Youth Symphonies (MYS) has a significant impact on the community by enriching and inspiring talented K-12 orchestral musicians. Through its professional, comprehensive educational experiences, MYS nurtures leadership qualities in students, fosters commitment, demands excellence, and encourages achievement, thus shaping the next generation of artistic leaders. Additionally, MYS broadens cultural horizons, develops a sense of community, and instills a lifelong love of classical music in audiences made up of students, families, and concertgoers.
This information is meant to be a general summary of Minnesota Youth Symphonies. 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: $40
- Program Service Revenue: $282,082
- Gross Receipts: $537,684
Assets and Liabilities:
- Total Assets: $146,208
- Total Liabilities: $14,960
- Net Assets: $131,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$246,814
TICKETS
Revenue
$35,268
Organization Details
Founding Year
1972
Phone
(651) 699-5811Principal Officer
Anthony Thomann
Main Address
790 CLEVELAND AVENUE SOUTH 203, ST PAUL, MN, 551161958
Website
www.mnyouthsymphonies.orgNTEE Category
Code: A69 - Arts
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