Overview
What is The Richmond Symphony?
The Richmond Symphony is a prominent nonprofit organization situated in Richmond, Virginia. Each season, they reach out to approximately 250,000 Virginians, engaging them through concerts, educational programs, tours, broadcasts, and live streams. The symphony boasts an internationally recognized music director, along with renowned guest artists and local musicians. Their mission extends beyond concert halls, performing in various venues, from grand concert halls to intimate coffee shops. The Richmond Symphony School of Music offers both online and in-person learning opportunities for individuals ranging from school age to adults. In essence, the symphony performs, educates, and advocates for music, aiming to inspire and unite their communities. Or in simpler terms, the Richmond Symphony is a vital cultural entity in Virginia, connecting with a vast audience through performances and educational initiatives. They showcase skilled musicians and provide learning opportunities, all in the pursuit of fostering a sense of unity and inspiration through music.
Official website here: www.richmondsymphony.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)**
The Richmond Symphony has received a Three-Star rating from Charity Navigator, indicating a moderately favorable evaluation of its financial health and governance practices. With a high score in Accountability & Finance, the organization demonstrates strong oversight with 100% independent board members and robust financial controls, including a solid audit process and adherence to conflict of interest policies.
Despite its strengths, the Richmond Symphony faces challenges, particularly indicated by a liabilities to assets ratio that could raise concerns about financial stability. Its program expense ratio is commendable, suggesting efficient allocation towards its mission, while the organization’s commitment to equity and community engagement is reflected in its perfect score in Culture & Community metrics.
Unfortunately, user reviews from GreatNonprofits are unavailable, leaving a gap in insights regarding individual experiences and community perceptions. Overall, while the organization exhibits sound financial practices, the concerns about liability ratios highlight the need for future attention to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Richmond Symphony legitimate?
The Richmond Symphony is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Richmond Symphony 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: $615,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,088,543
For more financial information, click here
Official website here: www.richmondsymphony.com
What is the mission statement of The Richmond Symphony?
The Richmond Symphony's mission is to utilize music as a means of inspiring and fostering unity within communities. They achieve this through performing various orchestral pieces, teaching music to individuals of all ages, and advocating for its significance. Each season, they reach out to approximately 250,000 Virginians through their concerts, educational programs, tours, broadcasts, and live streams. The symphony's roster includes renowned music directors and guest artists, as well as local musicians. They are committed to delivering excellence in presenting diverse orchestral repertoires, performing a wide range of music in various venues, from concert halls to intimate coffee shops. Additionally, The Richmond Symphony School of Music offers both online and in-person learning opportunities for individuals from school age to adulthood.
Official website here: www.richmondsymphony.com
What is the revenue of The Richmond Symphony?
The Richmond Symphony's revenue in 2024 was $9,287,607.
Official website here: www.richmondsymphony.com
Who are the executives of The Richmond Symphony and what are their salaries?
The average compensation at The Richmond Symphony during 2024 was $13,029. There are 361 employees and 170 volunteers at The Richmond Symphony.
Here are 32 key members and their salaries:
- Compensation: $180,866
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- Compensation: $142,731
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- Other: $8,680
- Compensation: $114,434
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- Other: $6,876
Official website here: www.richmondsymphony.com
Where can I find the form 990 for The Richmond Symphony?
The Richmond Symphony's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.richmondsymphony.com
Learn more at the official website: www.richmondsymphony.com
Mission Statement of The Richmond Symphony
The Richmond Symphony, a renowned entity, is committed to performing, teaching, and championing music with the aim of inspiring and uniting communities. Through its mission, the symphony reaches out to over 250,000 Virginians annually, engaging them through concerts, educational programs, tours, broadcasts, and live streams. The organization prides itself on a roster of internationally respected musicians, including its music director, as well as local artists. Its performances span a wide variety of orchestral repertoire, showcasing music in various venues, from grand concert halls to intimate coffee shops.
In addition to its performance-based activities, The Richmond Symphony also operates a School of Music, which provides learning opportunities for individuals from school age to adulthood. The school offers both online and in-person classes, fostering a love for music and nurturing talents within the community. By integrating music into various aspects of life and learning, The Richmond Symphony aims to inspire and unite individuals, fostering a sense of shared appreciation for this universal art form.
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Impact
July, 2024
The Richmond Symphony has a significant impact on the community by performing, teaching, and championing music to inspire and unite individuals. With a reach of 250,000 Virginians each season, the symphony delivers concerts, educational programs, tours, broadcasts, and live streams. Their commitment to excellence in presenting a wide range of orchestral repertoire in diverse venues showcases their dedication to making music accessible to all. Through their School of Music, both online and in-person learning opportunities are offered to individuals of all ages, further enriching the community's musical landscape. The Richmond Symphony's mission to inspire and unite through music resonates strongly within the city of Richmond and beyond.
This information is meant to be a general summary of The Richmond Symphony. 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 2024.
- Program Service Revenue: $2,490,175
- Gross Receipts: $9,419,702
Assets and Liabilities:
- Total Assets: $1,442,529
- Total Liabilities: $1,972,934
- Net Assets: -$530,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUE
Revenue
$1,637,629
CONTRACT/EDUCATION SER
Revenue
$851,871
PROGRAM BOOK REVENUE
Revenue
$675
Organization Details
Founding Year
1957
Principal Officer
Lacey Huszcza
Website
www.richmondsymphony.comNTEE Category
Code: A690 - Arts
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