Overview
What is Richmond Symphony Orchestra?
The Richmond Symphony Orchestra is a nonprofit organization located in Richmond, Indiana. With a team of three dedicated individuals, their mission is to enrich, entertain, and educate the community by presenting a variety of exceptional and inclusive musical experiences. Over the course of one season, they engage thousands of people through their diverse musical productions and related activities. By shaping the cultural landscape of their region, the Richmond Symphony Orchestra contributes to a vibrant and enriched community.
Official website here: www.richmondsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star rating)
The Richmond Symphony Orchestra has received a 70% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strong governance, with 100% of its board members being independent and a significant board size of 22 members. They also score well for their financial statements, showing no material diversion of assets and an excellent liabilities-to-assets ratio.
However, the orchestra's financial efficiency raises some concerns, particularly with a program expense ratio of 55.52%, suggesting that less than a majority of their expenses are directed towards their core programs. Additionally, the organization is missing key policies, such as a whistleblower policy and a document retention and destruction policy, which may impact its overall governance effectiveness. These areas highlight opportunities for improvement to enhance transparency and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Richmond Symphony Orchestra legitimate?
Richmond Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond 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: $47,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,542
For more financial information, click here
Official website here: www.richmondsymphony.org
What is the mission statement of Richmond Symphony Orchestra?
The Richmond Symphony Orchestra is committed to enriching, entertaining, and educating its community by delivering exceptional and inclusive music experiences. Through various musical productions and related activities, the orchestra aims to contribute significantly to the cultural life of the region. Thousands of individuals in the community benefit from these offerings, which are designed to cater to a diverse audience.
Official website here: www.richmondsymphony.org
Who is the CEO of Richmond Symphony Orchestra?
Jeff Carter is the President of Richmond Symphony Orchestra.
Official website here: www.richmondsymphony.org
What is the revenue of Richmond Symphony Orchestra?
Richmond Symphony Orchestra's revenue in 2022 was $512,304.
Official website here: www.richmondsymphony.org
Who are the executives of Richmond Symphony Orchestra and what are their salaries?
The average compensation at Richmond Symphony Orchestra during 2022 was $38,197. There are 3 employees and 40 volunteers at Richmond Symphony Orchestra.
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Official website here: www.richmondsymphony.org
Where can I find the form 990 for Richmond Symphony Orchestra?
Richmond Symphony Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richmondsymphony.org
Learn more at the official website: www.richmondsymphony.org
Mission Statement of Richmond Symphony Orchestra
The Richmond Symphony Orchestra, a distinguished entity, is committed to enriching, entertaining, and educating the cultural landscape of its region. Through its mission, the orchestra delivers exceptional, inclusive music experiences, aiming to cater to a diverse audience. The organization's primary goal is to contribute to the community's cultural growth by presenting numerous musical productions and related activities that cater to a wide range of tastes and interests. As a result, thousands of individuals in the community benefit from these engaging experiences.
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Impact
July, 2024
The Richmond Symphony Orchestra plays a vital role in shaping the cultural life of our region by delivering exceptional, inclusive music experiences that enrich, entertain, and educate. Through numerous musical productions and related activities presented throughout the season, the Symphony has a significant impact on the community, benefiting thousands of individuals in Richmond. It serves as a beacon of artistic excellence and provides a platform for artistic expression and appreciation, making a lasting impression on the cultural landscape of the city.
This information is meant to be a general summary of Richmond 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: $56,709
- Program Service Revenue: $49,939
- Gross Receipts: $571,752
Assets and Liabilities:
- Total Assets: $1,920,554
- Total Liabilities: $55,291
- Net Assets: $1,865,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$28,589
PROGRAM ADVERTISING
Revenue
$21,350
Organization Details
Founding Year
1957
Phone
(765) 966-5181Principal Officer
Jeff Carter
Main Address
PO BOX 982, RICHMOND, IN, 473750982
Website
www.richmondsymphony.orgNTEE Category
Code: A69Z - Arts
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