Overview
What is Ny Laureate Orchestra Inc?
Ny Laureate Orchestra Inc is a nonprofit organization located at 246-14 61ST AVENUE RM/STE 1FL, Little Neck, New York 11362. Their primary mission is to provide charitable orchestra performances to the public, reaching out to various community institutions such as local senior centers, churches, and hospitals. Their activities are centered around bringing music and joy to different communities, contributing positively to the lives of people in these settings.
Official website here: www.thenylo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Ny Laureate Orchestra Inc has earned a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score highlights the importance of the organization’s commitment to proper governance practices, although it is primarily based on a single beacon score for Accountability & Finance.
Strengths of the organization include a fully independent board, with all members meeting independence criteria, and a strong program expense ratio of 100%, suggesting that all resources are directed toward its mission-driven activities. The absence of material diversion of assets further emphasizes its financial integrity and commitment to its purpose.
However, there are notable limitations, including missing policies for conflict of interest, whistleblower protocols, and document retention. Additionally, the lack of a posted tax form on the nonprofit's website indicates areas for improvement in transparency. Addressing these issues would strengthen Ny Laureate Orchestra Inc's overall accountability and enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ny Laureate Orchestra Inc legitimate?
Ny Laureate Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ny Laureate 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thenylo.com
What is the mission statement of Ny Laureate Orchestra Inc?
The Ny Laureate Orchestra Inc's mission involves providing charitable orchestral performances to various communities. This includes local senior citizen centers, churches, and hospitals, among other venues. Their primary objective is to bring the joy and enrichment of live music to these communities. By performing in these establishments, the orchestra aims to contribute positively to the well-being and entertainment of their audience, particularly senior citizens and patients in hospitals. The orchestra's performances serve as a source of comfort, enjoyment, and engagement for these communities.
Official website here: www.thenylo.com
Who is the CEO of Ny Laureate Orchestra Inc?
Kyoungsoo Kim is the Conductor of Ny Laureate Orchestra Inc.
Official website here: www.thenylo.com
What is the revenue of Ny Laureate Orchestra Inc?
Ny Laureate Orchestra Inc's revenue in 2022 was $32,674.
Official website here: www.thenylo.com
Who are the executives of Ny Laureate Orchestra Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thenylo.com
Where can I find the form 990 for Ny Laureate Orchestra Inc?
Ny Laureate Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thenylo.com
Learn more at the official website: www.thenylo.com
Mission Statement of Ny Laureate Orchestra Inc
Ny Laureate Orchestra Inc, a charitable organization, is devoted to bringing the enchantment of music to various public spaces. They specialize in performing at local senior citizen centers, churches, and hospitals, among other venues. Their primary mission is to share the joy and therapeutic benefits of music with a wide audience, enriching their lives and fostering a sense of community. By providing these free performances, Ny Laureate Orchestra Inc aims to uplift spirits and bring a touch of beauty into people's lives, particularly focusing on senior citizens.
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Impact
August, 2024
The Ny Laureate Orchestra Inc's impact lies in bringing the joy of orchestral music to various communities, including local senior citizen centers, churches, hospitals, and more. Through their charitable orchestra performances, they enrich the lives of individuals who may not have easy access to such cultural experiences. Their work not only entertains but also uplifts spirits and promotes a sense of community through the universal language of music.
This information is meant to be a general summary of Ny Laureate 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.
- Gross Receipts: $32,674
Assets and Liabilities:
- Total Assets: $63,825
- Total Liabilities: $1,862
- Net Assets: $61,963
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Organization Details
Founding Year
2011
Phone
(347) 879-2618Principal Officer
Kyoungsoo Kim
Main Address
246-14 61ST AVENUE RM/STE 1FL, LITTLE NECK, NY, 11362
Website
www.thenylo.comNTEE Category
Code: A69 - Arts
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