Overview
What is Cincinnati Symphony Orchestra?
The Cincinnati Symphony Orchestra, located at 1241 Elm Street in Cincinnati, Ohio (45202), is a nonprofit organization with a team of 416 employees. Their mission is to inspire and share creativity through a diverse range of programs, including 48 classical concerts, 26 pops performances, 244 youth and educational events, and 29 services provided to the Cincinnati Ballet and other mission-aligned entities. By offering these various artistic experiences, the Cincinnati Symphony Orchestra reached an impressive number of 179,472 arts patrons.
Official website here: www.cincinnatisymphony.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The Cincinnati Symphony Orchestra has achieved a high rating of 94%, indicating strong performance in accountability and finance. The organization features a board that is entirely independent, enhancing its governance structure. With no material diversion of assets and comprehensive oversight mechanisms in place, the orchestra demonstrates a commitment to transparency and responsible management.
Financially, the organization shows commendable efficiency, with a program expense ratio of 77.89%, indicating that a significant portion of its expenses directly supports its mission. The fundraising efficiency is also impressive, with only $0.05 spent to raise each dollar, showcasing effective resource management. The orchestra maintains a healthy financial position, as evidenced by a low liabilities-to-assets ratio and an ample working capital ratio of 9.25 years.
While the Cincinnati Symphony Orchestra excels in many areas, maintaining its high standards will be essential for ongoing success. The strong financial metrics and governance practices provide a solid foundation, but continuous engagement with the community and adaptation to changing circumstances will be important for its future.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Symphony Orchestra legitimate?
Cincinnati Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati 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: $1,846,317
Professional Fundraising Fees: $99,125
Other Salaries and Wages: $17,012,691
For more financial information, click here
Official website here: www.cincinnatisymphony.org
What is the mission statement of Cincinnati Symphony Orchestra?
The Cincinnati Symphony Orchestra strives to inspire both performers and audiences by pursuing and sharing musical inspiration. Through their diverse range of concerts, which includes classical works, pops performances, educational programs, and additional events, they serve over 179,000 arts patrons each year. The orchestra is dedicated to this mission and extends its services to mission-aligned entities, such as the Cincinnati Ballet, to further promote and enrich the arts community.
Official website here: www.cincinnatisymphony.org
Who is the CEO of Cincinnati Symphony Orchestra?
Jonathan Martin is the Principal Officer of Cincinnati Symphony Orchestra. The CEO's salary of Cincinnati Symphony Orchestra is $540,583 and their total compensation is $627,780.
Official website here: www.cincinnatisymphony.org
What is the revenue of Cincinnati Symphony Orchestra?
Cincinnati Symphony Orchestra's revenue in 2022 was $55,153,223.
Official website here: www.cincinnatisymphony.org
Who are the executives of Cincinnati Symphony Orchestra and what are their salaries?
The average compensation at Cincinnati Symphony Orchestra during 2022 was $45,334. There are 416 employees and 141 volunteers at Cincinnati Symphony Orchestra.
Here are 75 key members and their salaries (Cincinnati Symphony Orchestra's CEO's salary is $540,583 and their total compensation is $627,780):
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Official website here: www.cincinnatisymphony.org
Where can I find the form 990 for Cincinnati Symphony Orchestra?
Cincinnati Symphony Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cincinnatisymphony.org
Learn more at the official website: www.cincinnatisymphony.org
Mission Statement of Cincinnati Symphony Orchestra
The Cincinnati Symphony Orchestra, a renowned cultural institution, is dedicated to seeking and sharing inspiration. With a mission that goes beyond merely performing classical works, this esteemed orchestra also delves into pops, youth and educational, and other concerts. Serving a vast array of arts patrons, the total number of individuals reached through their various programs amounted to 179,472. The Cincinnati Symphony Orchestra extends its reach beyond its own concerts, offering essential services to the Cincinnati Ballet and other mission-aligned entities. By weaving together the threads of diverse musical genres and collaborations, this orchestra fosters a vibrant artistic community and inspires countless individuals through the universal language of music.
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Impact
October, 2024
The Cincinnati Symphony Orchestra significantly enriches the cultural landscape of Cincinnati through its diverse programming and community engagement. With a robust schedule that includes 48 classical concerts, 26 pops performances, 244 youth and educational events, and 27 other concerts, the orchestra reaches a wide audience and serves a total of 179,472 arts patrons annually. This extensive outreach fosters a deep appreciation for music and the arts within the community.
Additionally, the orchestra's collaboration with entities like the Cincinnati Ballet underscores its commitment to support and elevate the broader arts community. By sharing inspiration through varied musical experiences, the Cincinnati Symphony Orchestra not only enhances the local arts scene but also plays a vital role in education and community enrichment, making a meaningful impact on the residents of Cincinnati and beyond.
This information is meant to be a general summary of Cincinnati 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,290,999
- Program Service Revenue: $9,031,683
- Gross Receipts: $138,558,402
Assets and Liabilities:
- Total Assets: $298,354,425
- Total Liabilities: $5,406,985
- Net Assets: $292,947,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERTS AND OTHER ORCHESTRA INCO
Revenue
$8,314,819
SERVICE FEES
Revenue
$634,175
STUDENT PROGRAM
Revenue
$82,689
Organization Details
Founding Year
1894
Phone
(513) 744-3306Principal Officer
Jonathan Martin
Main Address
1241 ELM STREET, CINCINNATI, OH, 452027531
Website
www.cincinnatisymphony.orgNTEE Category
Code: A690 - Arts
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