Overview
What is Springfield Symphony Orchestra Inc?
Springfield Symphony Orchestra Inc, located at 411 N Sherman Pkwy, Springfield, Missouri 65802, is a nonprofit organization dedicated to promoting and presenting symphony concert performances. Throughout the year, they offer a variety of performances that generate revenue through ticket sales, concert underwriting, educational outreach, program advertising, and contract performances. In fiscal year 2022, their total revenue amounted to $472,901. The orchestra's mission extends beyond concert presentation, with educational outreach programs aimed at engaging the community and fostering a love for music. The organization is staffed by 11 individuals, contributing to the rich cultural landscape of Springfield.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Springfield Symphony Orchestra Inc has received a score of 82%, which indicates a solid performance in terms of accountability and finance. This rating is particularly derived from a comprehensive assessment of their financial practices, with a perfect score in several key areas, including the independence of their board members and the oversight of their financial statements.
The organization boasts a fully independent board, which enhances its governance structure and decision-making processes. It also maintains a low liabilities-to-assets ratio, indicating strong financial health. Additionally, a significant portion of its expenses is directed towards its programs, suggesting a commitment to fulfilling its mission effectively.
However, the rating is based solely on financial metrics, and while these are commendable, it does not reflect other aspects such as programmatic effectiveness or community impact. Overall, Springfield Symphony Orchestra Inc demonstrates robust financial accountability but may benefit from further transparency in its broader operations.
This AI summary has been generated from information found on Charity Navigator.
Is Springfield Symphony Orchestra Inc legitimate?
Springfield Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springfield 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: $62,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,728
For more financial information, click here
What is the mission statement of Springfield Symphony Orchestra Inc?
The Springfield Symphony Orchestra Inc, as per its mission, is dedicated to promoting and presenting symphony orchestra performances. This non-profit organization strives to bring symphony concert performances to the public throughout the year. In terms of financial contributions during FY2022, the Symphony recognized revenue from ticket sales, concert underwriting, educational outreach, program advertising, and contract performances. In summary, the Springfield Symphony Orchestra Inc aims to share the beauty and artistry of symphony music with its audience, while also engaging in educational initiatives and securing various revenue streams.
Who is the CEO of Springfield Symphony Orchestra Inc?
Jennifer Cotner Jones is the Executive Director of Springfield Symphony Orchestra Inc.
What is the revenue of Springfield Symphony Orchestra Inc?
Springfield Symphony Orchestra Inc's revenue in 2022 was $972,022.
Who are the executives of Springfield Symphony Orchestra Inc and what are their salaries?
The average compensation at Springfield Symphony Orchestra Inc during 2022 was $26,025. There are 11 employees at Springfield Symphony Orchestra Inc.
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Where can I find the form 990 for Springfield Symphony Orchestra Inc?
Springfield Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Springfield Symphony Orchestra Inc
Springfield Symphony Orchestra Inc, as a nonprofit organization, is committed to promoting and presenting the Springfield Symphony Orchestra. This mission is carried out through the organization's concert performances throughout the year. Their activities are not limited to these performances alone, as they also engage in educational outreach and program advertising to further their cause. In the fiscal year 2022, their revenue was primarily derived from ticket sales, concert underwriting, educational outreach, program advertising, and contract performances, amounting to a total of $472,901. This revenue suggests that the organization is actively engaged in its mission, attracting a significant audience and securing support from various sources. Overall, Springfield Symphony Orchestra Inc serves as a platform for the presentation and promotion of symphony music, enriching the cultural landscape and providing opportunities for engagement and education in the field.
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Impact
July, 2024
The Springfield Symphony Orchestra Inc's impact is seen through its promotion and presentation of symphony concert performances throughout the year. Through ticket sales, concert underwriting, educational outreach, program advertising, and contract performances, the organization generated a total revenue of $472,901 during FY2022. This contributes to the cultural enrichment of the Springfield community and provides opportunities for audiences to experience the beauty of orchestral music.
This information is meant to be a general summary of Springfield 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 2022.
- Investment Income: $77,210
- Program Service Revenue: $472,091
- Gross Receipts: $1,038,272
Assets and Liabilities:
- Total Assets: $2,913,954
- Total Liabilities: $46,299
- Net Assets: $2,867,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Concert underwriting
Revenue
$114,068
Contract performances
Revenue
$36,909
Educational outreach
Revenue
$33,055
Season ticket sales
Revenue
$191,309
Single ticket sales
Revenue
$82,868
Organization Details
Phone
(417) 864-6683Principal Officer
Jennifer Cotner Jones
Main Address
411 N Sherman Pkwy, Springfield, MO, 65802
NTEE Category
Code: A69 - Arts
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