Overview
What is Southwest Michigan Symphony Orchestra Association Inc?
Southwest Michigan Symphony Orchestra Association Inc is a distinguished nonprofit organization, situated within the community. Their primary objective is to foster an appreciation for music among its residents and inspire the youth through education. By delivering various music-related programs, the association strives to enrich the lives of individuals in the area. This encompasses not only promoting music appreciation but also educating young minds about the art form.
Official website here: www.smso.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Southwest Michigan Symphony Orchestra Association Inc has received a two-star rating from Charity Navigator, with an overall score of 62%. This rating reflects the organization's accountability and financial management. While the organization excels in having a fully independent board and no material diversion of assets, it has significant gaps in governance policies, which negatively impact its score.
The organization has a strong board structure, indicated by its perfect score for majority independent board members and independent board size. Additionally, the organization maintains a favorable liabilities to assets ratio, showcasing financial stability. However, the absence of essential policies, such as conflict of interest and whistleblower protections, raises concerns regarding its governance practices.
The program expense ratio is moderate at 59.18%, suggesting a reasonable allocation of funds towards its mission-related activities. Nonetheless, the lack of key governance documents and policies is a notable limitation that could affect trust and transparency among stakeholders. Overall, while the Southwest Michigan Symphony Orchestra Association demonstrates strong financial health, it must address its governance shortcomings to improve its rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Michigan Symphony Orchestra Association Inc legitimate?
Southwest Michigan Symphony Orchestra Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Michigan Symphony Orchestra Association 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: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,186
For more financial information, click here
Official website here: www.smso.org
What is the mission statement of Southwest Michigan Symphony Orchestra Association Inc?
The Southwest Michigan Symphony Orchestra Association Inc has a mission to cultivate music appreciation within the community and to educate the youth about music. They strive to foster a deep understanding and appreciation of music among community members, and they place a significant emphasis on instilling this knowledge in the younger generation. This organization actively works towards achieving these goals by providing opportunities for the community to engage with music and by offering educational programs focused on music appreciation for the youth.
Official website here: www.smso.org
What is the revenue of Southwest Michigan Symphony Orchestra Association Inc?
Southwest Michigan Symphony Orchestra Association Inc's revenue in 2023 was $378,879.
Official website here: www.smso.org
Who are the executives of Southwest Michigan Symphony Orchestra Association Inc and what are their salaries?
The average compensation at Southwest Michigan Symphony Orchestra Association Inc during 2023 was $1,585. There are 166 employees and 28 volunteers at Southwest Michigan Symphony Orchestra Association Inc.
Here are 11 key members and their salaries:
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Official website here: www.smso.org
Where can I find the form 990 for Southwest Michigan Symphony Orchestra Association Inc?
Southwest Michigan Symphony Orchestra Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.smso.org
Learn more at the official website: www.smso.org
Mission Statement of Southwest Michigan Symphony Orchestra Association Inc
The Southwest Michigan Symphony Orchestra Association Inc is dedicated to enriching the community by fostering an appreciation for music and providing educational opportunities for youth. Their mission is to promote music appreciation among the general public and equip young individuals with a solid understanding of music and its significance. By offering engaging music experiences and educational programs, this organization aims to inspire a love for music in the community's members, particularly the younger generation.
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Impact
July, 2024
The impact of the Southwest Michigan Symphony Orchestra Association Inc is seen in its dedication to providing music appreciation to the community and educating the youth with respect to music and music appreciation. By offering high-quality musical performances and educational programs, the orchestra enriches the cultural landscape of St. Joseph, MI, and surrounding areas. Through its mission to promote arts and music, the organization contributes to the artistic development and cultural education of individuals of all ages, fostering a deeper appreciation for music within the community.
This information is meant to be a general summary of Southwest Michigan Symphony Orchestra Association 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.
- Program Service Revenue: $102,251
- Gross Receipts: $401,580
Assets and Liabilities:
- Total Assets: $502,439
- Total Liabilities: $13,738
- Net Assets: $488,701
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT ADMISSIONS
Revenue
$81,771
YOUTH ORCHESTRA REGIST
Revenue
$14,230
PROGRAM ADS
Revenue
$6,250
Organization Details
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