Overview
What is Peoria Symphony Orchestra?
The Peoria Symphony Orchestra, located at 101 State Street, Peoria, IL 61602, is a vibrant nonprofit organization dedicated to enriching the cultural landscape of Central Illinois. With a workforce of 141 individuals, it offers a Subscription Concert Series, featuring primarily classical music performances by the orchestra and guest artists at the Peoria Civic Center Theater and Grace Presbyterian Church. Beyond entertainment, the orchestra also delves into educational programs and community outreach initiatives, aiming to educate and inspire its audience through live musical performances. These efforts significantly contribute to the cultural growth and development of the Central Illinois community.
Official website here: www.peoriasymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Peoria Symphony Orchestra has received a Three-Star rating, indicating a solid level of accountability and financial health. The score reflects a strong emphasis on the organization's financial practices, with a perfect score for the majority of independent board members and thorough oversight procedures. These features suggest a commitment to transparency and effective governance, which are critical for fostering trust among donors and stakeholders.
However, while the accountability score is commendable, the program expense ratio of 56.51% indicates that a significant portion of expenditures may not be directed towards programmatic activities. This could raise questions about the efficiency of fund utilization in achieving the organization's mission, highlighting an area for improvement. Nonetheless, the orchestra's lack of material asset diversion and a well-structured board provide a foundation for potential growth and increased program effectiveness in the future.
Overall, the Peoria Symphony Orchestra demonstrates a commitment to good governance and financial integrity, but it may benefit from a more focused allocation of resources towards its core mission to enhance program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Peoria Symphony Orchestra legitimate?
Peoria Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peoria 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: $124,643
Professional Fundraising Fees: $0
Other Salaries and Wages: $723,896
For more financial information, click here
Official website here: www.peoriasymphony.org
What is the mission statement of Peoria Symphony Orchestra?
The Peoria Symphony Orchestra's mission is centered around entertainment, education, and inspiration through music. They achieve this by presenting high-quality live musical performances, implementing innovative music education programs, and engaging in community outreach efforts. These initiatives significantly contribute to the cultural life in their respective community. The orchestra's activities not only entertain but also educate, inspiring a deep appreciation for music.
Official website here: www.peoriasymphony.org
What is the revenue of Peoria Symphony Orchestra?
Peoria Symphony Orchestra's revenue in 2024 was $1,319,826.
Official website here: www.peoriasymphony.org
Who are the executives of Peoria Symphony Orchestra and what are their salaries?
The average compensation at Peoria Symphony Orchestra during 2024 was $5,303. There are 160 employees and 100 volunteers at Peoria Symphony Orchestra.
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Official website here: www.peoriasymphony.org
Where can I find the form 990 for Peoria Symphony Orchestra?
Peoria Symphony Orchestra's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.peoriasymphony.org
Learn more at the official website: www.peoriasymphony.org
Mission Statement of Peoria Symphony Orchestra
The Peoria Symphony Orchestra, a renowned entity, is dedicated to entertaining, educating, and inspiring individuals through the medium of music. This esteemed organization presents a variety of live musical performances, innovative music education programs, and engaging community outreach efforts. These initiatives significantly contribute to enriching the cultural landscape of Central Illinois.
The Peoria Symphony Orchestra's mission is multifaceted. It strives to provide entertaining live musical performances, showcasing the talents of both the orchestra members and guest artists. These performances are held at distinguished venues such as the Peoria Civic Center Theater and Grace Presbyterian Church. Beyond entertainment, the orchestra is committed to education, offering innovative programs that cater to diverse audiences, fostering a deeper appreciation for music. Lastly, the organization engages in community outreach efforts, actively contributing to the well-being and enrichment of the local community.
In essence, the Peoria Symphony Orchestra serves as a cultural beacon, using music as a tool to bridge gaps, inspire creativity, and enrich lives. Its mission is a testament to the power of music as a unifying force, capable of bringing people together and fostering a sense of shared experience and understanding.
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Impact
October, 2024
The Peoria Symphony Orchestra significantly enriches the cultural fabric of Central Illinois through its dedication to entertaining, educating, and inspiring the community via music. Its vibrant subscription concert series, featuring primarily classical music, showcases both the orchestra and esteemed guest artists, creating a platform for high-quality live performances that resonate with audiences. Concerts are hosted at accessible venues such as the Peoria Civic Center Theater and Grace Presbyterian Church, allowing a wide array of individuals to experience the transformative power of music.
In addition to live performances, the orchestra implements innovative music education programs that foster a love for the arts among people of all ages. These initiatives not only enhance musical appreciation but also cultivate talent within the community, ensuring a rich musical legacy for future generations. Furthermore, their engaging outreach efforts strengthen community bonds and create opportunities for shared cultural experiences, making the Peoria Symphony Orchestra a cornerstone of Central Illinois' artistic landscape. Through these efforts, it plays a crucial role in enhancing the quality of life and promoting the arts in the region.
This information is meant to be a general summary of Peoria 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 2024.
- Investment Income: $25,016
- Program Service Revenue: $510,799
- Gross Receipts: $1,342,423
Assets and Liabilities:
- Total Assets: $4,877,485
- Total Liabilities: $175,214
- Net Assets: $4,702,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEASON TICKETS & CONCE
Revenue
$272,906
UNDERWRITING INCOME
Revenue
$214,363
PROGRAM ADVERTISING
Revenue
$23,530
Organization Details
Founding Year
1954
Principal Officer
Brian Buralli
Website
www.peoriasymphony.orgNTEE Category
Code: A690 - Arts
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