Overview
What is Lima Symphony Orchestra Endowment Trust?
The Lima Symphony Orchestra Endowment Trust is a charitable organization, specifically established to support the initiatives and activities of the Lima Symphony Orchestra Association. Based in Lima, Ohio, this trust aims to contribute financially to various programs and events organized by the association. The primary goal of the trust is to enrich and promote the art of music through the symphony orchestra, thereby enhancing the cultural landscape of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Lima Symphony Orchestra Endowment Trust has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The organization scored 94% in Accountability & Finance, reflecting its strong governance practices and effective financial health. Key highlights include a fully independent board, no noted material diversion of assets, and comprehensive policies regarding conflicts of interest and whistleblowing.
The trust shows a flawless program expense ratio of 100%, which suggests that all funding is directed towards its mission-related activities without any financial inefficiencies. The organization also maintains a healthy liabilities to assets ratio of 0.00%, reinforcing its financial stability and capacity to sustain operations effectively.
While the ratings are exemplary, potential donors and stakeholders should continue to monitor the organization for any future developments or changes in governance practices. Overall, the Lima Symphony Orchestra Endowment Trust demonstrates a strong commitment to transparency and accountability, making it a trustworthy option for supporters of the arts.
This AI summary has been generated from information found on Charity Navigator.
Is Lima Symphony Orchestra Endowment Trust legitimate?
Lima Symphony Orchestra Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lima Symphony Orchestra Endowment Trust 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
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What is the mission statement of Lima Symphony Orchestra Endowment Trust?
The Lima Symphony Orchestra Endowment Trust is dedicated to supporting the programs and activities of the Lima Symphony Orchestra Association. This commitment is aimed at enhancing the cultural scene and promoting musical arts within the community. By providing financial resources, the trust enables the orchestra association to organize concerts, workshops, and other related events, thereby contributing to the appreciation and enjoyment of classical music. The trust's primary objective is to ensure the continuity and growth of the orchestra's programs, ultimately enriching the lives of music enthusiasts.
Who is the CEO of Lima Symphony Orchestra Endowment Trust?
Elizabeth Brown Ellis is the Executive Director of Lima Symphony Orchestra Endowment Trust.
What is the revenue of Lima Symphony Orchestra Endowment Trust?
Lima Symphony Orchestra Endowment Trust's revenue in 2022 was -$239,547.
Who are the executives of Lima Symphony Orchestra Endowment Trust and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $79,000
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- Compensation: $10,899
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Where can I find the form 990 for Lima Symphony Orchestra Endowment Trust?
Lima Symphony Orchestra Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lima Symphony Orchestra Endowment Trust
The Lima Symphony Orchestra Endowment Trust is a charitable organization with a mission to support the programs and activities of the Lima Symphony Orchestra Association. In simpler terms, this trust exists to aid and contribute to various initiatives and events organized by the Lima Symphony Orchestra Association. By doing so, it plays a crucial role in enhancing the orchestra's overall operations and reach. This support can encompass a wide range of aspects, from funding for performances to investments in educational programs, ensuring the continuous growth and success of the Lima Symphony Orchestra Association.
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Impact
October, 2024
The Lima Symphony Orchestra Endowment Trust plays a vital role in enhancing the cultural landscape of Lima, Ohio, by providing essential financial support for the programs and activities of the Lima Symphony Orchestra Association. This trust enables the orchestra to continue its mission of presenting high-quality musical performances and educational opportunities for the community.
Through its funding, the Endowment Trust helps ensure that the Lima Symphony Orchestra can maintain a diverse repertoire, attract talented musicians, and offer outreach programs that engage audiences of all ages. The trust's support fosters a love for the arts, enriches the local community's cultural experiences, and contributes to the overall vitality of the region.
By securing the orchestra's future and promoting artistic excellence, the Lima Symphony Orchestra Endowment Trust significantly impacts both the performers and the audience, making classical music accessible and enjoyable for everyone in Lima and beyond.
This information is meant to be a general summary of Lima Symphony Orchestra Endowment Trust. 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: -$240,547
- Gross Receipts: $361,317
Assets and Liabilities:
- Total Assets: $1,470,216
- Total Liabilities: $0
- Net Assets: $1,470,216
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Organization Details
Founding Year
1989
Phone
(419) 222-5701Principal Officer
Elizabeth Brown Ellis
Main Address
PO BOX 1651, LIMA, OH, 458021651
NTEE Category
Code: A11 - Arts
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