Overview
What is Orchestra Indiana Inc?
Orchestra Indiana Inc, situated in Muncie, Indiana, serves as a nonprofit organization dedicated to enriching the cultural landscape of East Central Indiana. Their primary focus lies in presenting symphony concerts and engaging in educational outreach and community engagement initiatives. The organization derives its revenue from ticket sales, local business sponsorships, and grant funding. The expenditures are primarily allocated towards musician salaries, auditorium and equipment rentals, and other operational expenses. During the 2019-2020 season, Orchestra Indiana Inc performed events and made educational outreach visits. The organization's mission is to stimulate, educate, and entertain audiences in East Central Indiana while providing a meaningful musical experience for professional, community, and student musicians. They maintain a steadfast commitment to artistic and fiscal integrity through quality music performances, education, and community partnerships. With a workforce of 151 individuals, Orchestra Indiana Inc continues to contribute to the local community while promoting musical growth and appreciation.
Official website here: www.munciesymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Orchestra Indiana Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strengths in governance, with an independent board and no material diversion of assets. However, its overall score reflects concerns, particularly regarding the lack of whistleblower and document retention policies, which are critical for transparency and ethical operations.
The charity showcases strong financial metrics, with a solid program expense ratio and a favorable liabilities to assets ratio. These metrics suggest that a significant portion of its funding is directed toward programs rather than administrative costs. While the board is independent and adheres to many governance practices, the absence of certain policies raises questions about the organization’s commitment to comprehensive accountability.
Overall, while Orchestra Indiana Inc shows promise in certain areas, the noted limitations in transparency policies could impact stakeholders' confidence. Prospective donors and supporters may want to consider these factors when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Orchestra Indiana Inc legitimate?
Orchestra Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orchestra Indiana 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $352,120
For more financial information, click here
Official website here: www.munciesymphony.org
What is the mission statement of Orchestra Indiana Inc?
Orchestra Indiana Inc's mission is centered around stimulating, educating, and entertaining audiences in various settings. The organization aims to provide a meaningful musical experience for professional, community, and student musicians. This is achieved through the performance of high-quality music, educational programs, and community partnerships. Maintaining artistic and fiscal integrity is a key aspect of their operations, ensuring that their activities are both artistically sound and financially responsible. They derive revenue from ticket sales, local business sponsorships, and grant funding, which are utilized for musician payments, auditorium rentals, equipment, and other operational expenses. During the 2019-2020 season, the organization performed events and made educational outreach visits to engage with the community.
Official website here: www.munciesymphony.org
Who is the CEO of Orchestra Indiana Inc?
Bill Reece is the Executive Di of Orchestra Indiana Inc.
Official website here: www.munciesymphony.org
What is the revenue of Orchestra Indiana Inc?
Orchestra Indiana Inc's revenue in 2022 was $592,490.
Official website here: www.munciesymphony.org
Who are the executives of Orchestra Indiana Inc and what are their salaries?
The average compensation at Orchestra Indiana Inc during 2022 was $2,332. There are 151 employees at Orchestra Indiana Inc.
Here are 18 key members and their salaries:
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Official website here: www.munciesymphony.org
Where can I find the form 990 for Orchestra Indiana Inc?
Orchestra Indiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.munciesymphony.org
Learn more at the official website: www.munciesymphony.org
Mission Statement of Orchestra Indiana Inc
Orchestra Indiana Inc is dedicated to stimulating, educating, and entertaining audiences in East Central Indiana. The organization's mission is to provide a meaningful musical experience for both professional and amateur musicians, as well as the community. They achieve this goal by performing quality music, offering educational programs, and engaging in community partnerships. Orchestra Indiana Inc maintains a strong commitment to artistic and fiscal integrity. They believe that through these performances, education initiatives, and collaborations, they can enrich the lives of their audience and the musicians themselves. During the 2019-2020 season, they performed various events and made educational outreach visits, showcasing their dedication to their mission.
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Impact
July, 2024
Orchestra Indiana Inc's impact can be seen in its dedication to stimulating, educating, and entertaining audiences in East Central Indiana. Through the performance of quality music, education outreach, and community partnerships, Orchestra Indiana Inc provides a meaningful musical experience for professional, community, and student musicians. Their symphony concerts and educational initiatives not only enrich the cultural landscape of Muncie, IN, but also contribute to the artistic and fiscal integrity of the region. By engaging with local businesses, grant funding, and ticket sales, Orchestra Indiana Inc is able to sustain its operations and continue its valuable contributions to the community.
This information is meant to be a general summary of Orchestra Indiana 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: $213
- Program Service Revenue: $93,355
- Gross Receipts: $592,490
Assets and Liabilities:
- Total Assets: $1,375,944
- Total Liabilities: $122,978
- Net Assets: $1,252,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE INCOME
Revenue
$93,355
Organization Details
Founding Year
1958
Phone
(765) 285-5531Principal Officer
Bill Reece
Main Address
520 E MAIN ST RM 2M PO BOX 1236, MUNCIE, IN, 47308
Website
www.munciesymphony.orgNTEE Category
Code: A69Z - Arts
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