Overview
What is Indianapolis Symphony Orchestra Foundation Inc?
The Indianapolis Symphony Orchestra Foundation Inc, established in September 1990, is a nonprofit organization with a mission to support the Indiana Symphony Society Inc, which manages the Indianapolis Symphony Orchestra. The primary role of the foundation is to raise funds, beyond annual contributions, and allocate them to the society's operations. The foundation's activities encompass educating the public about symphony orchestras and providing financial assistance to the society. The foundation operates out of Indianapolis, IN, and all fundraising expenses are reported in the society's accounts.
Is Indianapolis Symphony Orchestra Foundation Inc legitimate?
Indianapolis Symphony Orchestra Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Symphony 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Indianapolis Symphony Orchestra Foundation Inc?
The Indianapolis Symphony Orchestra Foundation, established in September 1990, was formed with the primary purpose of educating the public and offering financial and other forms of support to the Indiana Symphony Society, an Indiana-based non-profit organization responsible for operating the Indianapolis Symphony Orchestra. The general practice of the society involves transferring contributions, excluding annual fund contributions, to the foundation, unless a donor specifically requests otherwise. The foundation records and reports all fundraising expenses in the society's accounts. In essence, the mission of the Indianapolis Symphony Orchestra Foundation is to support and promote the work of the Indiana Symphony Society, thereby contributing to the cultivation of public interest in classical music and orchestral performances.
Who is the CEO of Indianapolis Symphony Orchestra Foundation Inc?
Unavailable
What is the revenue of Indianapolis Symphony Orchestra Foundation Inc?
Indianapolis Symphony Orchestra Foundation Inc's revenue in 2022 was $9,602,897.
Who are the executives of Indianapolis Symphony Orchestra Foundation Inc and what are their salaries?
There 8 volunteers at Indianapolis Symphony Orchestra Foundation Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Indianapolis Symphony Orchestra Foundation Inc?
Indianapolis Symphony Orchestra Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indianapolis Symphony Orchestra Foundation Inc
The Indianapolis Symphony Orchestra Foundation, established in September 1990, was formed with a mission to educate the public and provide financial and other forms of support to the Indiana Symphony Society, an Indiana not-for-profit corporation that operates the Indianapolis Symphony Orchestra. The Foundation's role is significant, as the Indiana Symphony Society often transfers contributions raised, excluding annual fund contributions, to the Foundation, unless a donor specifically requests otherwise. This practice allows the Foundation to contribute significantly to the symphony orchestra's operations and activities. All fundraising expenses are meticulously recorded and reported in the Indiana Symphony Society's accounts, ensuring transparency and accountability in the use of donated funds.
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Impact
October, 2024
The Indianapolis Symphony Orchestra Foundation, Inc. plays a vital role in enhancing the cultural landscape of Indianapolis through its commitment to public education and financial support for the Indiana Symphony Society. Established in 1990, the foundation serves as a key resource in sustaining the operations of the Indianapolis Symphony Orchestra.
By focusing on educational initiatives, the foundation helps to increase public engagement with the arts, fostering a deeper appreciation for symphonic music within the community. Its support extends beyond financial contributions; it enables a variety of outreach programs aimed at making music accessible to diverse audiences and nurturing future generations of musicians and concert-goers.
The foundation's efforts also ensure the operational stability of the Indiana Symphony Society, allowing the orchestra to present high-quality performances and innovative programming. This not only enriches the cultural fabric of the region but also stimulates local economic growth through increased tourism and associated activities linked to the arts.
Overall, the Indianapolis Symphony Orchestra Foundation serves as a crucial catalyst for artistic expression, community enrichment, and educational advancement in the Indianapolis area.
This information is meant to be a general summary of Indianapolis Symphony 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 2022.
- Investment Income: $8,142,825
- Program Service Revenue: $1,250,000
- Gross Receipts: $22,777,046
Assets and Liabilities:
- Total Assets: $117,619,288
- Total Liabilities: $55,324
- Net Assets: $117,563,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - HILBERT CIRCLE THEATRE
Revenue
$850,000
RENT - SYMPHONY CENTRE
Revenue
$400,000
Organization Details
Founding Year
1990
Phone
(317) 262-1100Main Address
32 EAST WASHINGTON STREET 600, INDIANAPOLIS, IN, 462042919
NTEE Category
Code: A110 - Arts
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