Overview
What is West Virginia Symphony Orchestra Inc?
West Virginia Symphony Orchestra Inc, situated in Charleston, West Virginia, serves as a vital cultural entity in the region. With a dedicated workforce of 244 individuals, their primary mission is to deliver symphonic concerts across West Virginia at an affordable cost for attendees. This enables audiences who may otherwise lack the opportunity to experience live classical music to do so. The orchestra's commitment to enriching and inspiring their community is unwavering, and all revenue generated supports their performances. The West Virginia Symphony Orchestra's impact extends beyond the stage, contributing significantly to the cultural landscape of their region.
Official website here: www.wvsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The West Virginia Symphony Orchestra Inc has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. The organization scored particularly well in areas such as independent board membership and financial oversight, showing a commitment to transparency and governance. With a program expense ratio of 73.61%, the majority of its funds are directed towards its core mission, further underscoring its effectiveness in fulfilling its artistic goals.
While the organization demonstrates robust financial practices, there are a couple of noted limitations. The absence of a whistleblower policy raises some concerns regarding internal accountability, and the lack of distribution of tax form drafts to the board prior to filing is another area for improvement. Nonetheless, these issues do not significantly detract from the overall positive assessment of the organization’s operational integrity and fiscal responsibility.
Overall, the West Virginia Symphony Orchestra Inc stands out as a well-managed nonprofit with a strong focus on its mission, evidenced by its efficient fundraising practices and effective use of resources. While there are minor areas for improvement, the organization’s commitment to governance and community engagement remains clear.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia Symphony Orchestra Inc legitimate?
West Virginia Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia 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: $147,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,048,216
For more financial information, click here
Official website here: www.wvsymphony.org
What is the mission statement of West Virginia Symphony Orchestra Inc?
The West Virginia Symphony Orchestra Inc's mission is centered around enriching and inspiring their community through the power of great music. They strive to make symphonic concerts widely accessible, ensuring that individuals who might not otherwise have the chance to experience live classical music can do so. Their primary goal is to generate revenues that solely support these performances, thereby providing an affordable avenue for musical enjoyment.
Official website here: www.wvsymphony.org
Who is the CEO of West Virginia Symphony Orchestra Inc?
Joe Tackett is the Chairman of West Virginia Symphony Orchestra Inc. The CEO's salary of West Virginia Symphony Orchestra Inc is $147,393 and their total compensation is $175,660.
Official website here: www.wvsymphony.org
What is the revenue of West Virginia Symphony Orchestra Inc?
West Virginia Symphony Orchestra Inc's revenue in 2023 was $2,641,570.
Official website here: www.wvsymphony.org
Who are the executives of West Virginia Symphony Orchestra Inc and what are their salaries?
The average compensation at West Virginia Symphony Orchestra Inc during 2023 was $4,900. There are 244 employees and 180 volunteers at West Virginia Symphony Orchestra Inc.
Here are 43 key members and their salaries (West Virginia Symphony Orchestra Inc's CEO's salary is $147,393 and their total compensation is $175,660):
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Official website here: www.wvsymphony.org
Where can I find the form 990 for West Virginia Symphony Orchestra Inc?
West Virginia Symphony Orchestra Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wvsymphony.org
Learn more at the official website: www.wvsymphony.org
Mission Statement of West Virginia Symphony Orchestra Inc
The West Virginia Symphony Orchestra Inc, in its mission, strives to create and share great music that enriches and inspires individuals within its region. Their primary goal is to provide symphonic concerts at a minimal cost to attendees, ensuring that audiences who might not otherwise have the opportunity to experience live classical music are able to do so. The revenue generated from these performances is utilized to support these performances themselves. In essence, the West Virginia Symphony Orchestra Inc seeks to bring the joy and enrichment of live classical music to a broader audience, enriching their lives and experiences.
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Impact
July, 2024
The West Virginia Symphony Orchestra Inc's impact is felt through their mission to make great music to enrich and inspire everyone in their region. By providing symphonic concerts throughout West Virginia at a minimal cost to attendees, they are able to reach audiences that may not have had the opportunity to hear live classical music otherwise. Through their performances, they contribute to the cultural enrichment of their community and provide access to high-quality musical experiences. The orchestra's dedication to their mission helps to promote the arts and foster a love for classical music in the region.
This information is meant to be a general summary of West Virginia 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 2023.
- Investment Income: $17,875
- Program Service Revenue: $597,008
- Gross Receipts: $2,723,153
Assets and Liabilities:
- Total Assets: $1,937,438
- Total Liabilities: $437,227
- Net Assets: $1,500,211
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES AND PROGR
Revenue
$434,750
SPECIAL PERFORMANCES
Revenue
$120,260
PROGRAM ADVERTISING
Revenue
$38,640
CD/MERCHANDISE SALES
Revenue
$3,358
Organization Details
Founding Year
1940
Phone
(304) 957-9876Principal Officer
Joe Tackett
Main Address
4700 MACCORKLE AVE SE SUITE 101, CHARLESTON, WV, 25304
Website
www.wvsymphony.orgNTEE Category
Code: A690 - Arts
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