Overview
What is Detroit Symphony Orchestra Inc?
The Detroit Symphony Orchestra Inc, located at 3711 Woodward Avenue in Detroit, Michigan, is a nonprofit organization with a workforce of 715 employees. They are renowned for presenting a diverse range of musical experiences, including classical and pops concerts, in Orchestra Hall, as well as the Live from Orchestra Hall webcast series. Reaching beyond their city's borders, they share their music with audiences in all 50 states and 100 countries through their webcast. The Detroit Symphony Orchestra's mission is to enrich lives by nurturing and sustaining a world-class orchestra for their community and the global audience.
Official website here: www.dso.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Detroit Symphony Orchestra Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its outstanding performance in Accountability & Finance. The organization demonstrates a strong commitment to transparency and governance, highlighted by its fully independent board and robust financial oversight, ensuring that donations are managed effectively and ethically.
Strengths include a high percentage of independent board members and a strong performance in resource management, with program expenses constituting a significant portion of overall spending. The organization has also established essential policies regarding conflict of interest and whistleblower protections, reinforcing its commitment to accountability.
Despite these strengths, the summary does not indicate any significant limitations or concerns, which suggests that the Detroit Symphony Orchestra Inc operates with a high level of integrity and effectiveness in its financial practices. Overall, stakeholders can feel confident in the orchestra's stewardship of resources and its dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Symphony Orchestra Inc legitimate?
Detroit Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Symphony Orchestra 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: $2,563,502
Professional Fundraising Fees: $189,029
Other Salaries and Wages: $17,217,548
For more financial information, click here
Official website here: www.dso.org
What is the mission statement of Detroit Symphony Orchestra Inc?
The Detroit Symphony Orchestra Inc enhances lives through the captivating power of musical performances. They maintain a world-class orchestra, providing unforgettable experiences for their city and global audience. The organization's schedule encompasses classical and pops concerts, with additional webcasts reaching listeners in all 50 states and over 100 countries. The Detroit Symphony Orchestra's mission extends beyond local borders, sharing the beauty of music with a vast and diverse community.
Official website here: www.dso.org
Who is the CEO of Detroit Symphony Orchestra Inc?
Erik Ronmark is the Director & President & Ceo of Detroit Symphony Orchestra Inc. The CEO's salary of Detroit Symphony Orchestra Inc is $384,660 and their total compensation is $401,312.
Official website here: www.dso.org
What is the revenue of Detroit Symphony Orchestra Inc?
Detroit Symphony Orchestra Inc's revenue in 2023 was $39,235,887.
Official website here: www.dso.org
Who are the executives of Detroit Symphony Orchestra Inc and what are their salaries?
The average compensation at Detroit Symphony Orchestra Inc during 2023 was $27,666. There are 715 employees and 300 volunteers at Detroit Symphony Orchestra Inc.
Here are 44 key members and their salaries (Detroit Symphony Orchestra Inc's CEO's salary is $384,660 and their total compensation is $401,312):
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- Other: $251,800
Official website here: www.dso.org
Where can I find the form 990 for Detroit Symphony Orchestra Inc?
Detroit Symphony Orchestra Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dso.org
Learn more at the official website: www.dso.org
Mission Statement of Detroit Symphony Orchestra Inc
The Detroit Symphony Orchestra Inc, a world-class musical organization, strives to enrich lives through unforgettable experiences. They achieve this by maintaining a renowned orchestra that touches the city and the global community. The orchestra's performance calendar brims with classical and pops concerts in Orchestra Hall. Beyond the city limits, their Live from Orchestra Hall webcast series reaches audiences in all 50 states and 100 countries worldwide. This long-running initiative, now in its eleventh season, amplifies the music of the Detroit Symphony Orchestra to a global audience.
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Impact
October, 2024
The Detroit Symphony Orchestra Inc. significantly influences both the local community and the global audience through its remarkable musical offerings. It presents a diverse range of performances, including classical and pops concerts, that take place in the iconic Orchestra Hall. By facilitating the live webcast series "Live from Orchestra Hall," the DSO reaches audiences across the United States and in over 100 countries, sharing the transformative power of music with listeners far and wide.
The DSO's commitment to providing unforgettable musical experiences enhances the cultural landscape of Detroit, enriching the lives of its residents. This access to high-quality performances fosters a sense of community and engagement with the arts. Additionally, the orchestra's world-class caliber contributes to Detroit's reputation as a vibrant hub for culture and creativity, attracting both residents and visitors to experience its rich musical heritage.
This information is meant to be a general summary of Detroit Symphony Orchestra 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 2023.
- Investment Income: $1,956,585
- Program Service Revenue: $7,958,423
- Gross Receipts: $54,978,904
Assets and Liabilities:
- Total Assets: $116,610,522
- Total Liabilities: $10,235,952
- Net Assets: $106,374,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET REVENUES
Revenue
$6,899,392
TICKET HANDLING FEES
Revenue
$309,361
ORCHESTRA HALL RENTAL
Revenue
$295,185
STUDENT FEES
Revenue
$254,438
FEE CONCERT/RUNOUT
Revenue
$200,047
Organization Details
Founding Year
1951
Phone
(313) 576-5100Principal Officer
Erik Ronmark
Main Address
3711 WOODWARD AVENUE, DETROIT, MI, 48201
Website
www.dso.orgNTEE Category
Code: A690 - Arts
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