Overview
What is Hawaii Symphony Orchestra?
The Hawaii Symphony Orchestra, based in Honolulu, Hawaii, serves as a beacon of cultural enrichment in the region. During the 2022 fiscal year, the orchestra successfully presented a comprehensive 18-week concert season, featuring Masterworks classical music performances from November 2021 to May 2022, the debut of the HapaSymphony Series from February 2022 to May 2022, and the Starlight Series in May and June 2022. The orchestra also catered to younger audiences through Keiki Concerts. Its mission is to deliver top-notch musical performances, attracting both national and international acclaim, while catering to diverse audiences of all ages. By doing so, the Hawaii Symphony Orchestra contributes to the region's cultural vibrancy and quality of life, all while maintaining financial stability. (120 words)
Official website here: www.myhso.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Hawaii Symphony Orchestra has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall financial accountability and operational transparency. While the organization has strengths such as a fully independent board and a solid program expense ratio, with 76.15% of expenses directed towards programs, concerns arise from several governance and financial management areas.
Key limitations include the absence of essential policies such as a whistleblower and document retention policy, which are critical for organizational integrity. Additionally, the organization faces a concerning liabilities to assets ratio of 167.53%, indicating significant financial risk. Moreover, the working capital ratio is negative, suggesting challenges in meeting short-term obligations, which may affect overall sustainability.
Despite these challenges, the Hawaii Symphony Orchestra demonstrates a commitment to accountability through strong financial oversight, as evidenced by its audit and oversight committee. The organization also successfully maintains low fundraising costs, with a fundraising efficiency ratio of $0.03. Addressing the highlighted weaknesses could enhance its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Symphony Orchestra legitimate?
Hawaii Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaii Symphony Orchestra 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: $130,277
Other Salaries and Wages: $2,604,165
For more financial information, click here
Official website here: www.myhso.org/
What is the mission statement of Hawaii Symphony Orchestra?
The Hawaii Symphony Orchestra's mission is centered around presenting top-notch musical performances, showcasing a variety of genres and appealing to a wide range of audiences. Their primary goal is to bring national and international recognition to the orchestra and contribute to the cultural enrichment of the community. By delivering these performances, they aim to educate and delight audience members of all ages, thereby enhancing the overall quality of life. Furthermore, the orchestra operates with financial prudence to ensure its long-term sustainability.
Official website here: www.myhso.org/
Who is the CEO of Hawaii Symphony Orchestra?
David Moss is the Chairman of Hawaii Symphony Orchestra. The CEO's salary of Hawaii Symphony Orchestra is $135,000 and their total compensation is $135,000.
Official website here: www.myhso.org/
What is the revenue of Hawaii Symphony Orchestra?
Hawaii Symphony Orchestra's revenue in 2022 was $5,732,337.
Official website here: www.myhso.org/
Who are the executives of Hawaii Symphony Orchestra and what are their salaries?
The average compensation at Hawaii Symphony Orchestra during 2022 was $10,629. There are 245 employees and 50 volunteers at Hawaii Symphony Orchestra.
Here are 17 key members and their salaries (Hawaii Symphony Orchestra's CEO's salary is $135,000 and their total compensation is $135,000):
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Official website here: www.myhso.org/
Where can I find the form 990 for Hawaii Symphony Orchestra?
Hawaii Symphony Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myhso.org/
Learn more at the official website: www.myhso.org/
Mission Statement of Hawaii Symphony Orchestra
The Hawaii Symphony Orchestra, as a distinguished entity, is committed to establishing and maintaining a professional orchestra that showcases exceptional musical performances. Its mission is threefold: firstly, to bring to the forefront nationally and internationally acclaimed music, thereby elevating the orchestra's reputation and that of its community. Secondly, the orchestra aims to captivate and educate audiences of various age groups and backgrounds, fostering a sense of cultural enrichment and vitality. Lastly, the Hawaii Symphony Orchestra strives to operate in a financially sound manner, ensuring its sustainability and the continued delivery of high-quality musical experiences.
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Impact
July, 2024
The Hawaii Symphony Orchestra's impact is profound, as it brings the highest-quality performances of great music to diverse audiences of all ages in Hawaii. By presenting a full 18-week concert season, including classical music masterworks, the HapaSymphony Series, outdoor Starlight Series, and Keiki Concerts, the orchestra enriches the cultural vitality and quality of life in the region. Additionally, the orchestra's commitment to operating in a financially sound manner ensures sustainability and long-term success, further enhancing its contribution to the local community and beyond.
This information is meant to be a general summary of Hawaii Symphony Orchestra. 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: $3,023
- Program Service Revenue: $1,583,701
- Gross Receipts: $5,732,337
Assets and Liabilities:
- Total Assets: $1,519,510
- Total Liabilities: $1,948,319
- Net Assets: -$428,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales
Revenue
$1,386,858
Contracted Events
Revenue
$195,523
Programs
Merchandise
Revenue
$1,320
Organization Details
Founding Year
2011
Phone
(808) 380-7722Principal Officer
David Moss
Main Address
3610 Waialae Avenue, Honolulu, HI, 96816
Website
www.myhso.org/NTEE Category
Code: A69 - Arts
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