Overview
What is Erie Philharmonic Inc?
Erie Philharmonic Inc, located in Erie, Pennsylvania, serves as a vital nonprofit organization, dedicated to enhancing their community and region. Their primary mission is to deliver high-quality live orchestra concerts, aiming to enrich, entertain, and educate individuals of all ages. Beyond their ticketed performances at the Warner Theatre, they extend their reach through various programs. These initiatives include annual television specials on WQLN PBS and a summer series, 'In Your Hometown', offering free concerts to approximately 27,000 people from Northwestern Pennsylvania (NWPA). The orchestra's commitment to community enrichment has led to the permanent addition of these two initiatives, following lessons learned during the COVID-19 shutdown. Erie Philharmonic Inc employs a team of 153 individuals, all working towards their shared goal of nurturing their community through the power of music.
Official website here: www.eriephil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating from Charity Navigator)
The Erie Philharmonic Inc has received a strong 92% rating from Charity Navigator, which reflects their high standards of accountability and finance. The organization demonstrates excellence in multiple areas, such as having a fully independent board and maintaining rigorous financial oversight. This rating showcases their commitment to transparency and effective management of resources.
An essential strength of the Erie Philharmonic is their financial efficiency, with a program expense ratio of 76.76% and a fundraising efficiency ratio of just $0.07. These figures indicate that a substantial portion of their funds is directed towards their programs rather than administration or fundraising costs. Additionally, their working capital ratio of 1.93 years suggests that they are well-positioned to sustain operations in the long term.
However, there are some areas for improvement, as the organization is lacking a whistleblower policy and a document retention and destruction policy. While these omissions did not significantly impact their overall score, addressing these issues could further strengthen their governance practices and enhance trust with stakeholders. Overall, the Erie Philharmonic Inc demonstrates a solid commitment to financial responsibility and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Erie Philharmonic Inc legitimate?
Erie Philharmonic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Philharmonic Inc 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: $98,823
Professional Fundraising Fees: $25,500
Other Salaries and Wages: $1,138,740
For more financial information, click here
Official website here: www.eriephil.org
What is the mission statement of Erie Philharmonic Inc?
The Erie Philharmonic, as an organization, is dedicated to strengthening its community and region by offering high-quality live orchestra concerts and educational programs. These engagements aim to enrich, entertain, and educate individuals of all ages. In response to the lessons learned during the COVID-19 shutdown, the philharmonic has expanded its mission to include annual television specials on WQLN PBS and a summer series of free concerts, reaching an estimated 27,000 people from across the Northwest Pennsylvania area with the gift of free music.
Official website here: www.eriephil.org
What is the revenue of Erie Philharmonic Inc?
Erie Philharmonic Inc's revenue in 2023 was $2,449,748.
Official website here: www.eriephil.org
Who are the executives of Erie Philharmonic Inc and what are their salaries?
The average compensation at Erie Philharmonic Inc during 2023 was $4,533. There are 273 employees and 300 volunteers at Erie Philharmonic Inc.
Here are 4 key members and their salaries:
- Compensation: $118,676
- Related: $0
- Other: $0
- Compensation: $80,828
- Related: $0
- Other: $0
- Compensation: $31,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.eriephil.org
Where can I find the form 990 for Erie Philharmonic Inc?
Erie Philharmonic Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eriephil.org
Learn more at the official website: www.eriephil.org
Mission Statement of Erie Philharmonic Inc
The Erie Philharmonic, a renowned organization, is dedicated to enhancing its community and region by delivering top-notch live orchestra concerts and educational programs. Its mission is multifaceted, encompassing the enrichment, entertainment, and education of individuals of all ages. To actualize this objective, the orchestra goes beyond its Warner Theatre performances, extending its reach through various programs.
In response to the lessons learned during the COVID-19 shutdown, the Erie Philharmonic has expanded its mission. It now includes annual television specials on WQLN PBS and the In Your Hometown summer series. These additions allow the orchestra to reach an impressive 27,000 people annually across Northwest Pennsylvania, offering them the priceless gift of free music. By doing so, the Erie Philharmonic broadens its impact, ensuring that its mission to uplift and engage its community transcends traditional concert settings.
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Impact
October, 2024
The Erie Philharmonic Inc significantly enriches the cultural landscape of Erie, PA, and the surrounding region through high-quality live orchestra concerts and diverse educational programs. Its commitment to accessibility is evident in its annual television specials aired on WQLN PBS, which reach a broader audience, allowing 27,000 residents of northwest Pennsylvania to enjoy the gift of music for free each season. Additionally, the summer concerts series, offering around ten free performances, fosters community engagement and strengthens connections among residents. Through these initiatives, the Erie Philharmonic not only entertains but also educates audiences of all ages, reinforcing its mission to enhance community life through the transformational power of music.
This information is meant to be a general summary of Erie Philharmonic Inc. 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 2023.
- Investment Income: $65,925
- Program Service Revenue: $1,038,001
- Gross Receipts: $4,074,589
Assets and Liabilities:
- Total Assets: $4,718,520
- Total Liabilities: $675,583
- Net Assets: $4,042,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee Engagements
Revenue
$60,475
Sponsors
Revenue
$77,946
Program Space
Revenue
$37,356
Youth Programs
Revenue
$34,655
Concert Admissions
Revenue
$827,569
Organization Details
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