Overview
What is Roanoke Symphony Foundation?
Roanoke Symphony Foundation is a nonprofit organization situated in Roanoke, Virginia. Its primary mission is to invest and manage endowment contributions, with the earnings utilized to support the activities of the Roanoke Symphony Orchestra, an affiliated organization. This orchestra aims to provide musical entertainment for the citizens of the Roanoke Valley and surrounding communities, as well as offer encouragement and assistance to local youth pursuing music studies. The foundation's location is at 1125 1ST STREET SW, Roanoke, VA, 24016.
Official website here: www.rso.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Roanoke Symphony Foundation has achieved an impressive 97% score on Charity Navigator, resulting in a Four-Star rating. This high rating reflects the organization's strong performance in accountability and finance, with a perfect score in multiple areas such as board independence, material asset diversion, and various essential policies including conflict of interest and whistleblower policies.
Strengths highlighted in the evaluation include a fully independent board comprised of 19 members, which enhances governance and oversight. Additionally, the foundation has maintained a zero liabilities to assets ratio and a program expense ratio of 100%, indicating that all of its expenses are devoted to its programs, demonstrating fiscal responsibility and commitment to its mission.
While the data presents a highly favorable view of the Roanoke Symphony Foundation, it would be beneficial for potential donors and stakeholders to explore specific programs and community impact to understand the full breadth of the organization's effectiveness. Overall, the financial health and governance practices of the foundation position it as a trustworthy entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Roanoke Symphony Foundation legitimate?
Roanoke Symphony Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Roanoke Symphony Foundation 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.rso.com
What is the mission statement of Roanoke Symphony Foundation?
The Roanoke Symphony Foundation's primary role is to invest endowment contributions. The earnings derived from these investments are then utilized to support the activities of the Roanoke Symphony Orchestra, an affiliated organization. The main purpose of the symphony orchestra is to provide musical entertainment opportunities for the citizens of the Roanoke Valley and surrounding communities, as well as offering assistance and encouragement to local youth pursuing music studies. In essence, the Roanoke Symphony Foundation serves as a financial backbone, enabling the symphony orchestra to enrich the community through music and nurture budding musicians.
Official website here: www.rso.com
Who is the CEO of Roanoke Symphony Foundation?
David Crane is the Executive Dir. of Roanoke Symphony Foundation.
Official website here: www.rso.com
What is the revenue of Roanoke Symphony Foundation?
Roanoke Symphony Foundation's revenue in 2022 was $121,345.
Official website here: www.rso.com
Who are the executives of Roanoke Symphony Foundation and what are their salaries?
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $105,714
- Other: $486
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rso.com
Where can I find the form 990 for Roanoke Symphony Foundation?
Roanoke Symphony Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rso.com
Learn more at the official website: www.rso.com
Mission Statement of Roanoke Symphony Foundation
The Roanoke Symphony Foundation's primary mission involves investing endowment contributions. The earnings generated from these investments are then utilized to support the activities of the Roanoke Symphony Orchestra, an affiliated organization. The orchestra's main purpose is twofold: firstly, it aims to offer musical entertainment opportunities to citizens residing in the Roanoke Valley and surrounding communities. Secondly, it provides assistance and encouragement to local youth who are passionate about studying music. In essence, the Roanoke Symphony Foundation contributes financially to the symphony orchestra, thereby enabling it to enrich the community through music and inspire young musicians.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Roanoke Symphony Foundation plays a crucial role in enriching the cultural landscape of the Roanoke Valley and surrounding communities. By strategically investing endowment contributions, the Foundation generates earnings that directly support the Roanoke Symphony Orchestra. This partnership fosters a diverse range of musical performances, creating opportunities for community members to engage with the arts and experience high-quality entertainment.
Moreover, the Foundation is committed to nurturing the next generation of musicians. Through its financial support, it encourages and assists local youth who are pursuing music studies, providing them with the resources and opportunities they need to thrive. In this way, the Roanoke Symphony Foundation not only enhances the accessibility of musical experiences for the community but also invests in the future of music education and appreciation in the region.
This information is meant to be a general summary of Roanoke Symphony Foundation. 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: $121,320
- Gross Receipts: $498,961
Assets and Liabilities:
- Total Assets: $1,444,410
- Total Liabilities: $0
- Net Assets: $1,444,410
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1953
Phone
(540) 343-6221Principal Officer
David Crane
Main Address
1125 1ST STREET SW, ROANOKE, VA, 24016
Website
www.rso.comNTEE Category
Code: A69I - Arts
If you are a representative of Roanoke Symphony Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.