Overview
What is Grand Rapids Symphony Society?
The Grand Rapids Symphony Society, located in Grand Rapids, Michigan, serves as a vital cultural pillar within the West Michigan community. Established with musical excellence, diverse programming, collaborative spirit, and a commitment to learning, the society enriches the area's quality of life. Each year, they offer nine main season concert series and a summer series, reaching an impressive audience of approximately 200,000 people through over 400 performances. The Grand Rapids Symphony Society is dedicated to sharing great music that stirs the human soul and excels at providing distinctive musical experiences, with a focus on live orchestra music, catering to diverse audiences throughout West Michigan. With a staff of 188 individuals, the society's donated facilities and services related to its programs amounted to 119,168 for the year.
Official website here: www.grsymphony.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 72% (Two-Star out of Four Stars)**tar)**
The Grand Rapids Symphony Society has received a Two-Star rating from Charity Navigator, reflecting a mix of strengths and notable weaknesses. The rating emphasizes a strong accountability and finance score due to factors like a fully independent board, effective financial oversight, and a lack of material diversion of assets. However, the organization struggles with transparency, indicated by issues like missing tax form distribution to the board and failure to post tax documents on its website.
In terms of fiscal health, while the program expense ratio is strong at nearly 83%, the liabilities to assets ratio and working capital concerns suggest potential financial vulnerabilities. The fundraising efficiency is commendable, with minimal costs associated with fundraising activities. The organization has implemented some equity strategies, but there is room for improvement in this area.
User reviews from GreatNonprofits could not be retrieved, so no additional insights from that source are available. Overall, while the Grand Rapids Symphony Society demonstrates various organizational strengths, improvements in transparency and financial stability are critical for enhancing its nonprofit rating and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Rapids Symphony Society legitimate?
Grand Rapids Symphony Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Rapids Symphony Society 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: $291,600
Professional Fundraising Fees: $29,751
Other Salaries and Wages: $4,858,184
For more financial information, click here
Official website here: www.grsymphony.org
What is the mission statement of Grand Rapids Symphony Society?
The Grand Rapids Symphony Society's mission is centered around sharing inspiring music that resonates with human emotions. They strive to excel in delivering distinctive musical experiences, particularly focusing on live orchestra performances, catering to diverse audiences throughout the region. The society's goal is to enrich the local community by upholding musical excellence, diverse programming, collaborative spirit, and a commitment to learning, contributing positively to the quality of life in the area. Each year, they offer several concert series, reaching approximately 200,000 people through 400 performances.
Official website here: www.grsymphony.org
Who is the CEO of Grand Rapids Symphony Society?
Chuck Frayer is the Outgoing Pre of Grand Rapids Symphony Society.
Official website here: www.grsymphony.org
What is the revenue of Grand Rapids Symphony Society?
Grand Rapids Symphony Society's revenue in 2022 was $10,068,479.
Official website here: www.grsymphony.org
Who are the executives of Grand Rapids Symphony Society and what are their salaries?
The average compensation at Grand Rapids Symphony Society during 2022 was $27,392. There are 188 employees and 51 volunteers at Grand Rapids Symphony Society.
Here are 50 key members and their salaries:
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Official website here: www.grsymphony.org
Where can I find the form 990 for Grand Rapids Symphony Society?
Grand Rapids Symphony Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grsymphony.org
Learn more at the official website: www.grsymphony.org
Mission Statement of Grand Rapids Symphony Society
The Grand Rapids Symphony Society, a significant entity in the community, is dedicated to sharing inspiring music that resonates deep within the human soul. Their mission is twofold: firstly, to excel at providing distinctive musical experiences, with a strong emphasis on live orchestra music; secondly, to cater to diverse audiences throughout West Michigan. The society strives to enrich the lives of its community members by offering a wide array of concerts, including nine main season series and a summer series, reaching approximately 200,000 people through 400 performances annually. Their commitment to musical excellence, diverse programming, collaborative spirit, and a dedication to learning contribute significantly to the quality of life enjoyed in West Michigan.
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Impact
July, 2024
The Grand Rapids Symphony Society has a significant impact on the West Michigan community by sharing great music that moves the human soul. Through their distinctive musical experiences, particularly live orchestra music, they enrich the quality of life in the region. With nine main season concert series and a summer series each year, the Symphony reaches approximately 200,000 people through 400 performances. This nonprofit organization's commitment to musical excellence, diverse programming, and collaborative spirit adds to the cultural vibrancy of Grand Rapids and fosters a sense of community among diverse audiences.
This information is meant to be a general summary of Grand Rapids Symphony Society. 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: $369
- Program Service Revenue: $1,727,312
- Gross Receipts: $10,147,119
Assets and Liabilities:
- Total Assets: $6,657,585
- Total Liabilities: $3,919,758
- Net Assets: $2,737,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT CONCERT REVENUE
Revenue
$1,691,552
PROGRAM ADVERTISING REVENUE
Revenue
$35,760
Organization Details
Founding Year
1930
Phone
(616) 454-9451Principal Officer
Chuck Frayer
Main Address
300 OTTAWA NW SUITE 100, GRAND RAPIDS, MI, 49503
Website
www.grsymphony.orgNTEE Category
Code: A690 - Arts
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