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Sro Fund-Quincy Symphony Orchestra

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

EIN: 237431655 ✦ Quincy, IL ✦ Designated as a 501(c)(3)

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Overview

What is Sro Fund-Quincy Symphony Orchestra?

Sro Fund-Quincy Symphony Orchestra is a dedicated nonprofit organization that supports the Quincy Symphony Orchestra, a 501(c)(3) entity. Their primary role is to provide financial aid to this musical organization, which offers an engaging program featuring a Symphony Orchestra. By offering this funding, Sro Fund-Quincy Symphony Orchestra contributes to the continued success and vibrancy of classical music in the Quincy area.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Star Rating

The Sro Fund-Quincy Symphony Orchestra received a low rating of 53% from Charity Navigator, reflecting significant concerns regarding its governance and transparency practices. The organization has not established any independent board members, scoring 0% in this area, which raises questions about accountability and oversight.

While the charity demonstrates strong programmatic efficiency with a program expense ratio of 75.81%, its lack of essential policies, such as conflict of interest and whistleblower protections, adversely affects its overall score. The absence of a publicly accessible website for its tax forms further highlights transparency issues that could impact donor confidence.

Despite a solid record in material asset management and maintaining meeting minutes, the overall governance practices of the Sro Fund-Quincy Symphony Orchestra require attention and improvement to enhance its accountability and financial practices.


This AI summary has been generated from information found on Charity Navigator.

Is Sro Fund-Quincy Symphony Orchestra legitimate?

Sro Fund-Quincy Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sro Fund-Quincy Symphony Orchestra 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 Sro Fund-Quincy Symphony Orchestra?

The Sro Fund-Quincy Symphony Orchestra's mission is primarily focused on providing financial support. This funding is directed towards the Quincy Symphony Orchestra, a non-profit organization classified under 501(c)(3). The Quincy Symphony Orchestra operates a program centered around a Symphony Orchestra. By providing financial aid, the Sro Fund aims to contribute to the continued operation and success of this musical organization.

Who is the CEO of Sro Fund-Quincy Symphony Orchestra?

Unavailable

What is the revenue of Sro Fund-Quincy Symphony Orchestra?

Sro Fund-Quincy Symphony Orchestra's revenue in 2022 was $56,264.

Who are the executives of Sro Fund-Quincy Symphony Orchestra and what are their salaries?


There is 1 key member and their salary:


Mercantile Bank (Trustee)
  • Compensation: $8,356
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sro Fund-Quincy Symphony Orchestra?

Sro Fund-Quincy Symphony Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sro Fund-Quincy Symphony Orchestra

Sro Fund-Quincy Symphony Orchestra, as a nonprofit entity, is committed to providing financial support for the Quincy Symphony Orchestra. This 501(c)(3) organization is dedicated to presenting a program featuring a Symphony Orchestra. In essence, Sro Fund-Quincy Symphony Orchestra plays a vital role in enabling the Quincy Symphony Orchestra to continue its operations and deliver its musical offerings to the community. By providing funding, Sro Fund-Quincy Symphony Orchestra contributes to the preservation and promotion of symphony music, thereby enriching the cultural landscape.

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Impact




October, 2024

Sro Fund-Quincy Symphony Orchestra plays a vital role in sustaining and enhancing the musical landscape of Quincy, Illinois. By providing essential funding to the Quincy Symphony Orchestra, it supports a program that enriches the community through live orchestral performances. The Quincy Symphony Orchestra offers a diverse array of concerts and educational initiatives, fostering a love for music among people of all ages.

The impact of this funding extends beyond just performances; it helps cultivate local talent, promotes cultural appreciation, and encourages community engagement in the arts. With its commitment to the Symphony Orchestra, Sro Fund-Quincy Symphony Orchestra ensures that high-quality musical experiences remain accessible to the public, contributing to the overall vibrancy and cultural richness of Quincy.




This information is meant to be a general summary of Sro Fund-Quincy Symphony Orchestra. 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
$56,264 (2022)
Expenses
$37,497 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27,505
  • Gross Receipts: $500,654

Assets and Liabilities:

  • Total Assets: $909,053
  • Total Liabilities: $0
  • Net Assets: $909,053

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Organization Details

Founding Year

1975

Main Address

MERCANTILE BANK 200 NORTH 33RD ST, QUINCY, IL, 62301

NTEE Category

Code: A110 - Arts

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