Overview
What is The Ottumwa Symphony Orchestra Foundation?
The Ottumwa Symphony Orchestra Foundation is a nonprofit organization situated in Ottumwa, Iowa. Their primary mission is to perpetuate musical arts and performances within the city and surrounding communities, as well as encourage musical education among elementary, high school, and community college students. This is achieved through various means, including promoting and supporting musical performances and nurturing an interest in music among young students. The foundation's activities are centered around the city of Ottumwa, aiming to enrich the local culture and foster a love for music in its residents.
Official website here: www.ottumwasymphonyorchestra.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Ottumwa Symphony Orchestra Foundation has received a 76% score, reflecting a Three-Star rating primarily based on its accountability and financial performance. The organization demonstrates strong governance with a fully independent board of 22 members, scoring full marks in several areas such as material diversion of assets, website listing on tax forms, and a favorable liabilities to assets ratio of 0.00%. Additionally, the program expense ratio of 87.27% indicates that most of its funds are allocated to programmatic activities, which is a positive sign for donors.
However, the foundation has notable weaknesses, particularly in its policies regarding conflict of interest, whistleblowing, and document retention, as it received zero points in these categories due to missing policies. This lack of comprehensive governance practices may raise concerns for potential donors regarding transparency and accountability. Despite these limitations, the organization's financial management appears sound, and it engages effectively in its mission-related activities.
Overall, while the Ottumwa Symphony Orchestra Foundation has strong financial health and an independent governance structure, addressing the gaps in its policy framework could enhance its accountability and trustworthiness in the eyes of supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Ottumwa Symphony Orchestra Foundation legitimate?
The Ottumwa Symphony Orchestra Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ottumwa Symphony Orchestra Foundation 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.
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Official website here: www.ottumwasymphonyorchestra.net
What is the mission statement of The Ottumwa Symphony Orchestra Foundation?
The Ottumwa Symphony Orchestra Foundation's mission is centered around the perpetuation and promotion of musical arts and performances within various communities. One of its key objectives is to encourage musical education among elementary, high school, and community college students. By doing so, the foundation aims to foster a love for music and nurture talent in the younger generation.
Official website here: www.ottumwasymphonyorchestra.net
What is the revenue of The Ottumwa Symphony Orchestra Foundation?
The Ottumwa Symphony Orchestra Foundation's revenue in 2024 was $122,577.
Official website here: www.ottumwasymphonyorchestra.net
Who are the executives of The Ottumwa Symphony Orchestra Foundation and what are their salaries?
There 11 volunteers at The Ottumwa Symphony Orchestra Foundation.
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Official website here: www.ottumwasymphonyorchestra.net
Where can I find the form 990 for The Ottumwa Symphony Orchestra Foundation?
The Ottumwa Symphony Orchestra Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ottumwasymphonyorchestra.net
Learn more at the official website: www.ottumwasymphonyorchestra.net
Mission Statement of The Ottumwa Symphony Orchestra Foundation
The Ottumwa Symphony Orchestra Foundation is dedicated to preserving musical arts and performances within the city of Ottumwa and surrounding communities. Its primary goal is to foster musical education among elementary, high school, and community college students. The organization seeks to achieve this mission by encouraging and nurturing the growth of musical talents and appreciation among the youth. By doing so, the Ottumwa Symphony Orchestra Foundation aims to enrich the cultural landscape of the community and provide a platform for future generations to engage with and enjoy music.
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Impact
October, 2024
The Ottumwa Symphony Orchestra Foundation plays a vital role in sustaining and enriching the musical landscape of Ottumwa and its surrounding communities. By focusing on the perpetuation of musical arts and performances, it ensures that residents have access to a diverse array of cultural experiences.
The Foundation actively supports musical education, fostering talent and appreciation for the arts among elementary, high school, and community college students. This commitment not only nurtures the next generation of musicians but also cultivates a lifelong love for music within the community. Through concerts, educational programs, and outreach initiatives, the Foundation strengthens community bonds and enhances the overall quality of life, making music an integral part of the local cultural fabric.
This information is meant to be a general summary of The Ottumwa Symphony Orchestra Foundation. 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: $5,132
- Program Service Revenue: $20,268
- Gross Receipts: $124,485
Assets and Liabilities:
- Total Assets: $413,036
- Total Liabilities: $0
- Net Assets: $413,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT SPONSORSHIPS
Revenue
$13,475
OTHER EVENT INCOME
Revenue
$6,793
Organization Details
Founding Year
2006
Principal Officer
Luke Miller
NTEE Category
Code: A69 - Arts
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