Overview
What is Chamber Music Society Of Palm Beach Inc?
Chamber Music Society of Palm Beach Inc, located at 340 Royal Poinciana Way STE 317-17, Palm Beach, Florida 33480, is a distinguished nonprofit organization. Its primary mission is to host music performances of exceptional artistic merit, with the aim of fostering a deeper understanding and appreciation of chamber music. By producing such events, this esteemed organization also contributes to enhancing the cultural scene in Palm Beach. With a dedicated team of two individuals, Chamber Music Society of Palm Beach Inc plays a significant role in enriching the local community through its artistic endeavors.
Official website here: www.cmspb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
The Chamber Music Society Of Palm Beach Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The overall score is derived solely from its accountability and finance metrics, which reflect the organization's commitment to transparency and governance. Notably, the organization features an entirely independent board, scoring 100% in that area, which underscores its commitment to ethical oversight.
The Society has implemented robust financial practices, evidenced by perfect scores in several areas, such as the existence of an audit and oversight committee and a clear conflict of interest policy. However, it has been noted that the organization is missing a whistleblower policy and document retention and destruction policies, which could be potential areas for improvement.
Regarding its financial health, the chamber music society allocates a significant portion of its budget to programming, with a program expense ratio of 57.82%. While this is a positive sign of prioritizing mission-related activities, there may be room for improvement in optimizing this ratio further. The salary disclosure of key personnel suggests a focus on accountability, with the executive director earning a competitive salary while other board members serve without compensation.
This AI summary has been generated from information found on Charity Navigator.
Is Chamber Music Society Of Palm Beach Inc legitimate?
Chamber Music Society Of Palm Beach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chamber Music Society Of Palm Beach 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: $142,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cmspb.org
What is the mission statement of Chamber Music Society Of Palm Beach Inc?
The Chamber Music Society of Palm Beach Inc has a mission to organize performances and educational programs of exceptional artistic quality. Their aim is to foster a greater understanding and appreciation of chamber music, thereby enriching the cultural scene. By presenting these programs, they strive to contribute to the overall cultural development of the community.
Official website here: www.cmspb.org
Who is the CEO of Chamber Music Society Of Palm Beach Inc?
John J Raymond Jr is the President And Founder of Chamber Music Society Of Palm Beach Inc.
Official website here: www.cmspb.org
What is the revenue of Chamber Music Society Of Palm Beach Inc?
Chamber Music Society Of Palm Beach Inc's revenue in 2022 was $894,820.
Official website here: www.cmspb.org
Who are the executives of Chamber Music Society Of Palm Beach Inc and what are their salaries?
The average compensation at Chamber Music Society Of Palm Beach Inc during 2022 was $71,370. There are 2 employees at Chamber Music Society Of Palm Beach Inc.
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- Compensation: $78,461
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Official website here: www.cmspb.org
Where can I find the form 990 for Chamber Music Society Of Palm Beach Inc?
Chamber Music Society Of Palm Beach Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmspb.org
Learn more at the official website: www.cmspb.org
Mission Statement of Chamber Music Society Of Palm Beach Inc
The Chamber Music Society of Palm Beach Inc is committed to a mission that encompasses three main objectives. Firstly, they strive to organize performances of exceptional artistic merit, showcasing chamber music. Secondly, they aim to foster a greater understanding and appreciation of this musical genre. Lastly, they seek to contribute to the cultural enrichment of the community. By producing performances and educational programs, the society promotes the art of chamber music and enhances the cultural landscape for all.
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Impact
July, 2024
The Chamber Music Society of Palm Beach Inc plays a crucial role in the cultural life of Palm Beach by producing performances and educational programs of the highest artistic merit. Through their dedication to promoting a greater understanding and appreciation of chamber music, they enrich the community with the beauty and depth of this musical genre. By offering music performances that showcase excellence and providing educational opportunities, the Society contributes significantly to the cultural enrichment of Palm Beach residents and visitors alike.
This information is meant to be a general summary of Chamber Music Society Of Palm Beach 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: $55,596
- Program Service Revenue: $17,959
- Gross Receipts: $895,431
Assets and Liabilities:
- Total Assets: $584,016
- Total Liabilities: $0
- Net Assets: $584,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC PERFORMANCES
Revenue
$17,959
Organization Details
Founding Year
2014
Phone
(561) 379-6773Principal Officer
John J Raymond Jr
Main Address
340 ROYAL POINCIANA WAY STE 317-17, PALM BEACH, FL, 33480
Website
www.cmspb.orgNTEE Category
Code: A68 - Arts
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