Overview
What is Waterloo-Cedar Falls Symphony Orchestra Association?
Waterloo-Cedar Falls Symphony Orchestra Association, often referred to as WCFSYMPHONY, is a nonprofit organization located at 8201 Dakota St GBPAC 17, Cedar Falls, Iowa 50614. Their mission is to deliver exceptional live music experiences, aiming to educate, entertain, and enrich their audience. They accomplish this by hosting classical concerts, pops concerts, and a Music Lab Youth Concert series. In addition, the organization fosters a year-long artist residency in the Waterloo schools and actively engages with young students, teaching them about classical music. The WCFSYMPHONY employs a team of 12 individuals, dedicated to bringing the best in music to their community.
Official website here: www.wcfsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating
The Waterloo-Cedar Falls Symphony Orchestra Association has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. This score is primarily derived from the organization’s Accountability & Finance metrics, which reflect its practices in governance and financial management. The organization benefits from a fully independent board, achieving full points in this area, and demonstrates a low liabilities to assets ratio, showcasing financial stability.
However, the association faces notable shortcomings, particularly in its governance policies. It lacks essential documents such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for transparency and accountability. Additionally, while the organization has a reasonable program expense ratio, this is lower than ideal, indicating that a smaller portion of its budget is directed towards program services relative to total expenses.
Overall, while the Waterloo-Cedar Falls Symphony Orchestra Association shows strengths in board independence and financial stability, its governance practices could benefit from significant improvements to enhance its accountability and transparency. Addressing these weaknesses may help improve its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Waterloo-Cedar Falls Symphony Orchestra Association legitimate?
Waterloo-Cedar Falls Symphony Orchestra Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterloo-Cedar Falls Symphony Orchestra Association 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: $62,114
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,084
For more financial information, click here
Official website here: www.wcfsymphony.org
What is the mission statement of Waterloo-Cedar Falls Symphony Orchestra Association?
The Waterloo-Cedar Falls Symphony Orchestra Association's mission is centered around providing high-quality live music experiences. They strive to educate, entertain, and enrich their audience by presenting top-notch performances. The orchestra collaborates with local schools, offering educational programs and residencies, to foster an appreciation for classical music among younger generations. They also organize a variety of concerts, including classical and pops performances, and a series of youth concerts known as Music Lab.
Official website here: www.wcfsymphony.org
Who is the CEO of Waterloo-Cedar Falls Symphony Orchestra Association?
Lee Nicholas is the Executive Director (Thru Sep 2022) of Waterloo-Cedar Falls Symphony Orchestra Association.
Official website here: www.wcfsymphony.org
What is the revenue of Waterloo-Cedar Falls Symphony Orchestra Association?
Waterloo-Cedar Falls Symphony Orchestra Association's revenue in 2022 was $918,788.
Official website here: www.wcfsymphony.org
Who are the executives of Waterloo-Cedar Falls Symphony Orchestra Association and what are their salaries?
The average compensation at Waterloo-Cedar Falls Symphony Orchestra Association during 2022 was $22,183. There are 12 employees and 40 volunteers at Waterloo-Cedar Falls Symphony Orchestra Association.
Here are 17 key members and their salaries:
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Official website here: www.wcfsymphony.org
Where can I find the form 990 for Waterloo-Cedar Falls Symphony Orchestra Association?
Waterloo-Cedar Falls Symphony Orchestra Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcfsymphony.org
Learn more at the official website: www.wcfsymphony.org
Mission Statement of Waterloo-Cedar Falls Symphony Orchestra Association
The Waterloo-Cedar Falls Symphony Orchestra Association's mission is centered around the provision of high-quality live music experiences. This nonprofit organization strives to educate, entertain, and enrich its audience by presenting performances of exceptional caliber. In line with this mission, the association collaborates with local schools, facilitating educational programs and residencies that introduce young students to classical music. Beyond concert performances, the Waterloo-Cedar Falls Symphony Orchestra Association also engages in community outreach, visiting schools to educate students about classical music. This comprehensive approach to music education and performance aims to foster a deep appreciation for live music among its audience.
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Impact
July, 2024
The Waterloo-Cedar Falls Symphony Orchestra Association's impact lies in its ability to bring the best live music to the community. Through classical concerts, pops concerts, and a series of music lab youth concerts, the Symphony enriches the cultural landscape of Cedar Falls, Iowa. Moreover, their engagement with local schools, including facilitating artist residencies and educational programs, fosters a deeper appreciation for classical music among young students. By striving to educate, entertain, and enrich audiences, the Symphony plays a vital role in promoting the arts in the region.
This information is meant to be a general summary of Waterloo-Cedar Falls Symphony Orchestra Association. 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: $14,501
- Program Service Revenue: $166,616
- Gross Receipts: $918,788
Assets and Liabilities:
- Total Assets: $1,117,340
- Total Liabilities: $19,031
- Net Assets: $1,098,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKETS
Revenue
$149,362
ADVERTISING
Revenue
$13,268
GBPAC FEES
Revenue
$3,986
Organization Details
Founding Year
1969
Phone
(319) 273-3373Principal Officer
Lee Nicholas
Main Address
8201 DAKOTA ST GBPAC 17, CEDAR FALLS, IA, 506140803
Website
www.wcfsymphony.orgNTEE Category
Code: A69 - Arts
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