Overview
What is New Mexico Philharmonic Inc?
New Mexico Philharmonic Inc, situated in Albuquerque, New Mexico, serves as the state's primary professional orchestra, dedicated to engaging diverse audiences through artistic excellence, innovative programming, and community outreach. Over the 2021-22 season, they resumed live performances in large venues while also offering virtual performances. They introduced a Coffee Concert Series tailored for retirees and held outdoor concerts at two locations, attracting 12,000 attendees. Education initiatives continued virtually, impacting Albuquerque public schools and offering a Young Musician Initiative for children from Title One schools. The orchestra also received significant funding, highlighting their corporate sponsorship, grants, and an annual fund drive. Overall, New Mexico Philharmonic Inc strives to enrich lives through music, community involvement, and educational opportunities.
Official website here: www.nmphil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
New Mexico Philharmonic Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. The organization scored 74% overall, with a noteworthy Culture & Community score of 90, reflecting a strong engagement with its audience and stakeholders. The organization has a fully independent board, demonstrating good governance practices, and has shown transparency in financial reporting.
However, the nonprofit faces challenges in its financial metrics, particularly with a low working capital ratio of 0.09 years, suggesting potential liquidity issues. While the program expense ratio and fundraising efficiency are strong, the lack of a whistleblower policy raises concerns regarding accountability and internal oversight. Although feedback collection and usage are exemplary, the organization may need to focus on enhancing its equity data and policies to strengthen its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico Philharmonic Inc legitimate?
New Mexico Philharmonic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico 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: $94,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nmphil.org
What is the mission statement of New Mexico Philharmonic Inc?
The New Mexico Philharmonic Inc's mission is centered around enriching lives through the provision of outstanding music performances, community engagement, and educational opportunities. As the major professional orchestra in its state, it aims to inspire audiences of diverse backgrounds with its artistic excellence, innovative programming, and educational initiatives. The organization's mission is to enrich lives by providing excellent music, community engagement, and educational opportunities, as stated in its mission description. During the 2021-22 season, the philharmonic resumed live performances for audiences and streamed performances online, attracting a total of 12,000 audience members. Additionally, the organization continued its educational initiatives virtually, including the Young Musician Initiative, which serves over 70 children from title one schools. The philharmonic also offers youth concerts, ensemble visits, and raises funds through corporate sponsorships, grants, and an annual fund drive.
Official website here: www.nmphil.org
Who is the CEO of New Mexico Philharmonic Inc?
Marian Tanau is the Executive Director of New Mexico Philharmonic Inc.
Official website here: www.nmphil.org
What is the revenue of New Mexico Philharmonic Inc?
New Mexico Philharmonic Inc's revenue in 2022 was $2,636,402.
Official website here: www.nmphil.org
Who are the executives of New Mexico Philharmonic Inc and what are their salaries?
The average compensation at New Mexico Philharmonic Inc during 2022 was $502. There are 188 employees and 70 volunteers at New Mexico Philharmonic Inc.
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Official website here: www.nmphil.org
Where can I find the form 990 for New Mexico Philharmonic Inc?
New Mexico Philharmonic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmphil.org
Learn more at the official website: www.nmphil.org
Mission Statement of New Mexico Philharmonic Inc
The New Mexico Philharmonic Inc, serving as the major professional orchestra in its state, is dedicated to enriching lives by providing high-quality music, community engagement, and educational opportunities. Its mission is to inspire audiences of various ages and backgrounds through artistic excellence, innovative programming, and educational outreach. The orchestra strives to engage with its community by offering live performances, streaming events, and educational initiatives, ensuring that music is accessible to all. The New Mexico Philharmonic Inc believes that music has the power to bring people together, foster creativity, and promote personal growth.
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Impact
October, 2024
New Mexico Philharmonic Inc significantly enriches the cultural landscape of Albuquerque and the broader New Mexico region through its artistic excellence, innovative programming, and strong community engagement. As the state's major professional orchestra, it inspires diverse audiences of all ages by delivering high-quality live performances, including traditional concerts and creative series like the Coffee Concerts, which cater to retirees seeking accessible options.
Emerging from the challenges posed by the pandemic, the organization successfully resumed live performances while also embracing technology to connect with audiences through streaming options. Their initiatives have drawn participation from approximately 12,000 attendees at various events, highlighting the orchestra's ability to reach and engage a wide demographic.
Educationally, the New Mexico Philharmonic is dedicated to nurturing young talent and providing opportunities for music education, exemplified by programs like the Young Musician Initiative that accommodates children from Title One schools. Their commitment to community outreach is further reflected in tailored youth concerts, including special performances for autistic children, and ensemble visits across schools.
The orchestra’s impact is also felt through significant financial support from grants and community sponsorships, enabling it to sustain its programming and outreach efforts. Overall, the New Mexico Philharmonic plays a crucial role in fostering a vibrant arts culture, making music more accessible, and nurturing the next generation of musicians in New Mexico.
This information is meant to be a general summary of New Mexico 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 2022.
- Investment Income: $2,987
- Program Service Revenue: $864,211
- Gross Receipts: $2,675,136
Assets and Liabilities:
- Total Assets: $1,029,983
- Total Liabilities: $485,265
- Net Assets: $544,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$864,211
Organization Details
Founding Year
2009
Phone
(505) 323-4343Principal Officer
Marian Tanau
Main Address
PO BOX 21428, ALBUQUERQUE, NM, 87154
Website
www.nmphil.orgNTEE Category
Code: A69 - Arts
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