Overview
What is Florida Lakes Symphony Orchestra Inc?
Florida Lakes Symphony Orchestra Inc is a charitable organization situated in Tavares, Florida. Their primary focus is to contribute to the musical education of the local community in Lake County. They achieve this goal by organizing a series of concerts and hosting youth music competitions, fostering an appreciation for symphony music among the residents. The orchestra's mission is to promote symphony music education in an engaging and accessible way, enriching the cultural landscape of Lake County, Florida.
Official website here: www.floridalakessymphonyorchestr
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star Rating)
The Florida Lakes Symphony Orchestra Inc has received a one-star rating from Charity Navigator, indicating significant areas for improvement in accountability and finance. With an overall score of 56%, the organization struggles particularly with governance, as only 33% of its board members are independent, which raises concerns about oversight and potential conflicts of interest.
Despite these governance issues, the orchestra demonstrates strong financial performance, with a program expense ratio of 86.62%, suggesting that a substantial portion of its expenses is directed toward its mission-related activities. Additionally, the organization has no material diversion of assets, reflecting responsible asset management. However, the lack of essential policies, such as conflict of interest and whistleblower protections, could expose the organization to risks.
The absence of a tax form on the nonprofit's website and missing documents related to retention and destruction indicate a need for improved transparency. Enhancing these areas could bolster the organization's credibility and effectiveness in fulfilling its mission. Overall, while the Florida Lakes Symphony Orchestra has some strengths, its governance practices require urgent attention to ensure sustainability and foster trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Lakes Symphony Orchestra Inc legitimate?
Florida Lakes Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Lakes 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: $9,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.floridalakessymphonyorchestr
What is the mission statement of Florida Lakes Symphony Orchestra Inc?
The Florida Lakes Symphony Orchestra Inc is committed to promoting symphony music education within its community. They achieve this goal by organizing concerts and hosting youth music competitions. The primary objective of the orchestra is to educate residents about symphony music, providing them with an enriching and engaging experience. By doing so, they aim to foster a deeper appreciation for classical music and encourage the younger generation to pursue their musical talents. Through these initiatives, the Florida Lakes Symphony Orchestra Inc contributes to the cultural growth and enrichment of its community.
Official website here: www.floridalakessymphonyorchestr
Who is the CEO of Florida Lakes Symphony Orchestra Inc?
Audrey Sanders is the President of Florida Lakes Symphony Orchestra Inc.
Official website here: www.floridalakessymphonyorchestr
What is the revenue of Florida Lakes Symphony Orchestra Inc?
Florida Lakes Symphony Orchestra Inc's revenue in 2022 was $76,759.
Official website here: www.floridalakessymphonyorchestr
Who are the executives of Florida Lakes Symphony Orchestra Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $9,000
- Related: $9,000
- Other: $0
- Compensation: $5,950
- Related: $5,950
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.floridalakessymphonyorchestr
Where can I find the form 990 for Florida Lakes Symphony Orchestra Inc?
Florida Lakes Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floridalakessymphonyorchestr
Learn more at the official website: www.floridalakessymphonyorchestr
Mission Statement of Florida Lakes Symphony Orchestra Inc
Florida Lakes Symphony Orchestra Inc is committed to promoting symphony music education among the residents of Lake County, Florida. They achieve this goal by organizing concerts and hosting youth music competitions. The nonprofit's mission is to make symphony music an accessible and enriching experience for the local community, fostering a deeper appreciation for this art form. By offering a variety of concert events and competitions, Florida Lakes Symphony Orchestra Inc aims to inspire young musicians and engage the wider public, ultimately enriching the cultural landscape of Lake County.
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Impact
August, 2024
Florida Lakes Symphony Orchestra Inc's impact is significant as it actively promotes symphony music education to the residents of Lake County, Florida, through concerts and youth music competitions. By providing symphony orchestra music education through a series of concerts, the organization contributes to the cultural enrichment of the community and helps nurture a love for classical music among the residents. Through its mission to promote symphony music education, the orchestra plays a key role in supporting the arts and fostering a greater appreciation for music in Lake County.
This information is meant to be a general summary of Florida Lakes 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: $1
- Program Service Revenue: $30,394
- Gross Receipts: $76,759
Assets and Liabilities:
- Total Assets: -$848
- Total Liabilities: $63,300
- Net Assets: -$64,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT SERIES
Revenue
$30,394
Organization Details
Founding Year
2013
Phone
(352) 343-0733Principal Officer
Audrey Sanders
Main Address
112 FIRST STREET, TAVARES, FL, 32778
NTEE Category
Code: A99 - Arts
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