Overview
What is Lexington Philharmonic Orchestra Foundation Inc?
The Lexington Philharmonic Orchestra Foundation Inc, located at 161 N Mill Street, Lexington, Kentucky, 40507, is a nonprofit organization dedicated to providing financial assistance to the Lexington Philharmonic Society, Inc. Their mission is to secure long-term financial support through public and private sources, promoting philanthropic activities. This foundation draws a portion of its earnings from permanent endowment funds to aid and bolster the activities of the Lexington Philharmonic Society, Inc. By doing so, the foundation helps ensure the continued success and growth of the orchestra, contributing to the cultural and artistic landscape of the community.
Is Lexington Philharmonic Orchestra Foundation Inc legitimate?
Lexington Philharmonic Orchestra Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Philharmonic Orchestra Foundation 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.
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What is the mission statement of Lexington Philharmonic Orchestra Foundation Inc?
The Lexington Philharmonic Orchestra Foundation Inc's mission is centered around securing long-term financial support for the organization. They aim to achieve this by tapping into both public and private sources. The foundation also promotes philanthropic activities to bolster its endowment, which is subsequently utilized to benefit the Lexington Philharmonic Society Inc. A portion of the earnings from the foundation's permanent endowment funds is transferred to the Lexington Philharmonic to aid in supporting its activities.
Who is the CEO of Lexington Philharmonic Orchestra Foundation Inc?
John Wharton is the Board Member of Lexington Philharmonic Orchestra Foundation Inc.
What is the revenue of Lexington Philharmonic Orchestra Foundation Inc?
Lexington Philharmonic Orchestra Foundation Inc's revenue in 2023 was $177,166.
Who are the executives of Lexington Philharmonic Orchestra Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lexington Philharmonic Orchestra Foundation Inc?
Lexington Philharmonic Orchestra Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lexington Philharmonic Orchestra Foundation Inc
The Lexington Philharmonic Orchestra Foundation Inc is dedicated to ensuring the long-term financial stability of the Lexington Philharmonic Society, Inc. Through their mission, they aim to secure financial support from various public and private sources. This philanthropic organization's primary goal is to strengthen their endowment, which they accomplish by transferring a portion of their earnings from permanent endowment funds to the Lexington Philharmonic. This financial assistance is instrumental in supporting the activities of the Lexington Philharmonic Orchestra, thereby contributing to its overall success and longevity.
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Impact
October, 2024
The Lexington Philharmonic Orchestra Foundation Inc significantly enhances the cultural landscape of Lexington, Kentucky, by providing crucial financial assistance to the Lexington Philharmonic Society, Inc. Through strategic management of permanent endowment funds, the Foundation ensures that a portion of its earnings is allocated to sustain the orchestra's activities. This support not only fosters the arts in the community but also promotes a rich musical heritage and educational opportunities for audiences and performers alike.
By securing long-term financial resources from both public and private sources, the Foundation plays a vital role in nurturing philanthropic initiatives, thereby strengthening the overall funding base for the Lexington Philharmonic. This ensures that the orchestra can continue to deliver high-quality performances and community engagement programs, enriching the lives of residents and visitors through accessible and diverse musical experiences. In essence, the Foundation acts as a backbone for cultural vitality in Lexington, ensuring that the arts remain an integral part of the community.
This information is meant to be a general summary of Lexington Philharmonic Orchestra Foundation 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: $177,116
- Gross Receipts: $177,166
Assets and Liabilities:
- Total Assets: $2,881,068
- Total Liabilities: $0
- Net Assets: $2,881,068
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Organization Details
Founding Year
1977
Phone
(859) 233-4226Principal Officer
John Wharton
Main Address
161 N MILL STREET, LEXINGTON, KY, 40507
NTEE Category
Code: A19 - Arts
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