Virginia Symphony Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521597415 ✦ Norfolk, VA ✦ Designated as a 501(c)(3)

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Overview

What is Virginia Symphony Foundation?

The Virginia Symphony Foundation, stationed at 150 Boulevard Street in Norfolk, Virginia, serves as a crucial supporter of the Virginia Symphony Orchestra. Its primary mission is to gather funds and assets via donations, bequests, or transfers, and use them to bolster the Virginia Symphony Orchestra. This esteemed cultural asset has a significant impact on Hampton Roads, connecting its diverse community through extraordinary musical performances and educational initiatives. The foundation administrates these funds, furthering its purpose by engaging in various activities that align with an exempt organization's status. Additionally, the Virginia Symphony Foundation receives restricted gifts, with the income from these investments being distributed annually to support specific programming activities, such as family concerts, education, masterclasses, and outreach programs in the Suffolk area. The foundation also contributes to underwriting guest artists.


Official website here: www.virginiasymphony.org

Is Virginia Symphony Foundation legitimate?

Virginia Symphony Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia 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.virginiasymphony.org

What is the mission statement of Virginia Symphony Foundation?

The Virginia Symphony Foundation's mission is to support the Virginia Symphony Orchestra, a significant cultural asset in Hampton Roads, by managing funds and properties received through donations. The organization's primary objective is to enhance the orchestra's operations, engaging in activities that qualify as exempt organizations. The foundation also solicits and manages funds, distributing the investment income annually for specific programs such as family concerts, education, masterclasses, and outreach initiatives in the Suffolk area. Additionally, the foundation utilizes its funds to sponsor guest artists.


Official website here: www.virginiasymphony.org

Who is the CEO of Virginia Symphony Foundation?

Andrea Warren is the Secretary of Virginia Symphony Foundation.


Official website here: www.virginiasymphony.org

What is the revenue of Virginia Symphony Foundation?

Virginia Symphony Foundation's revenue in 2022 was $1,917,405.


Official website here: www.virginiasymphony.org

Who are the executives of Virginia Symphony Foundation and what are their salaries?

There 9 volunteers at Virginia Symphony Foundation.


Here are 11 key members and their salaries:


Bette Minette Cooper (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Winthrop Short Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Petterson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Short (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Winter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mcdermott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Kern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcclellan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Philion (Executive Director)
  • Compensation: $0
  • Related: $175,910
  • Other: $17,619
Teresa Kraus (Cfo)
  • Compensation: $0
  • Related: $105,247
  • Other: $23,308


Official website here: www.virginiasymphony.org

Where can I find the form 990 for Virginia Symphony Foundation?

Virginia Symphony Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.virginiasymphony.org

Learn more at the official website: www.virginiasymphony.org

Mission Statement of Virginia Symphony Foundation

The Virginia Symphony Foundation, a notable entity, is committed to raising funds and acquiring property through gifts, transfers, devises, or bequests. Its primary objective is to support the Virginia Symphony Orchestra, a leading cultural asset that connects individuals in Hampton Roads through exceptional musical performances and educational activities. The foundation accomplishes this by administering and applying the donated funds in accordance with its purpose.

In addition to financial support, the Virginia Symphony Foundation engages in various activities that qualify it as an exempt organization. It solicits and receives funds and property through gifts, transfers, devises, or bequests and administers and applies such funds and property solely for the purposes outlined. The foundation also receives restricted gifts, the investment income of which is distributed annually to the Symphony for specific programming activities such as family concerts, education, master classes, and outreach in the Suffolk area. Furthermore, the foundation contributes to underwriting guest artists for the orchestra.

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Impact




October, 2024

The Virginia Symphony Foundation has a profound impact on the cultural landscape of Hampton Roads through its unwavering support of the Virginia Symphony Orchestra. By receiving and managing funds, the foundation enhances the orchestra's ability to deliver exceptional musical performances that connect and engage the community.

This financial support enables a diverse range of programming, including family concerts, educational initiatives, master classes, and outreach efforts in the Suffolk area. Additionally, the foundation underwrites guest artists, enriching the artistic quality and variety of the orchestra's offerings. Overall, the Virginia Symphony Foundation plays a crucial role in sustaining and elevating the transformative power of music within the community.




This information is meant to be a general summary of Virginia 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.

Revenue
$1,917,405 (2022)
Expenses
$306,216 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $216,062
  • Gross Receipts: $2,376,584

Assets and Liabilities:

  • Total Assets: $7,875,824
  • Total Liabilities: $3,347
  • Net Assets: $7,872,477

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Organization Details

Founding Year

1988

Principal Officer

Andrea Warren

Main Address

150 BOUSH STREET 201, NORFOLK, VA, 23510

NTEE Category

Code: A69 - Arts

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