Overview
What is North Carolina Symphony Society Inc?
North Carolina Symphony Society Inc, founded in 1932, is North Carolina's esteemed state orchestra with a dual mission of statewide service and music education. Based in Raleigh, NC, the organization is the largest performing arts organization in the state and boasts the most extensive education program of any U.S. orchestra. With a staff of 181 individuals, the symphony performs over 175 full orchestra concerts annually, reaching 98 counties and 250,000 people, including over 55,000 students. During the pandemic, they pivoted to online programs, expanding their reach beyond North Carolina and into national and international markets. Despite government capacity restrictions preventing $5.2M in revenue in FY2020, the symphony continued its education services for North Carolina students virtually. In FY2021, they created a recovery reserve fund to offset projected declines in funding in subsequent years. Despite the ongoing challenges of the coronavirus, the symphony strives to be an orchestra achieving the highest level of artistic quality and performance standards, while embracing its dual legacies of statewide service and music education.
Official website here: www.ncsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The North Carolina Symphony Society Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a high score of 96% in Accountability & Finance, the organization demonstrates effective governance, including a fully independent board and robust financial oversight. Notably, there are no material diversions of assets, and all necessary policies, such as conflict of interest and whistleblower policies, are in place.
In addition to its financial acumen, the organization ranks well in its Culture & Community score, achieving 91%. This indicates a strong emphasis on equity strategies and community engagement, suggesting that the North Carolina Symphony Society not only manages funds well but also actively fosters a supportive cultural environment. The program expense ratio of 76.67% further illustrates the organization's focus on investing in its programs.
Despite these strengths, the limited details in user feedback do not highlight any specific challenges or areas for improvement. Overall, the North Carolina Symphony Society Inc stands out as a well-managed nonprofit that effectively serves its mission and community.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Symphony Society Inc legitimate?
North Carolina Symphony Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Symphony Society 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: $1,215,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,446,246
For more financial information, click here
Official website here: www.ncsymphony.org
What is the mission statement of North Carolina Symphony Society Inc?
The North Carolina Symphony Society Inc strives to be North Carolina's state orchestra, achieving the highest level of artistic quality and performance standards while embracing its legacy of statewide service and music education. Founded in 1932, it is the largest performing arts organization in the state with the most extensive education program among U.S. orchestras. The orchestra reaches over 250,000 people annually, including more than 55,000 students, through 175 full orchestra concerts. During the pandemic, the organization pivoted its programs online, expanding its reach beyond North Carolina to national and international markets. Despite facing significant revenue losses due to the pandemic, the North Carolina Symphony continued its education service to students virtually and created a recovery reserve fund for anticipated declines in funding in subsequent years. The orchestra's mission remains unwavering, to provide North Carolina with exceptional musical experiences and to educate future generations.
Official website here: www.ncsymphony.org
Who is the CEO of North Carolina Symphony Society Inc?
Sandi Ma Macdonald is the Chair of North Carolina Symphony Society Inc. The CEO's salary of North Carolina Symphony Society Inc is $282,682 and their total compensation is $313,693.
Official website here: www.ncsymphony.org
What is the revenue of North Carolina Symphony Society Inc?
North Carolina Symphony Society Inc's revenue in 2022 was $22,246,893.
Official website here: www.ncsymphony.org
Who are the executives of North Carolina Symphony Society Inc and what are their salaries?
The average compensation at North Carolina Symphony Society Inc during 2022 was $42,327. There are 181 employees and 175 volunteers at North Carolina Symphony Society Inc.
Here are 61 key members and their salaries (North Carolina Symphony Society Inc's CEO's salary is $282,682 and their total compensation is $313,693):
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Official website here: www.ncsymphony.org
Where can I find the form 990 for North Carolina Symphony Society Inc?
North Carolina Symphony Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncsymphony.org
Learn more at the official website: www.ncsymphony.org
Mission Statement of North Carolina Symphony Society Inc
North Carolina Symphony Society Inc, also known as the North Carolina Symphony, is a renowned orchestra dedicated to upholding the highest artistic quality and performance standards in the state. The organization embraces its dual legacies of statewide service and music education, making it an integral part of North Carolina's cultural landscape.
The symphony, founded in 1932, was the first state-supported orchestra in the country and continues to thrive with its mission. With over 100 years of history, it remains the largest performing arts organization in the state, boasting the most extensive education program of any U.S. orchestra. North Carolina Symphony performs approximately 175 full orchestra concerts annually, traveling thousands of miles to reach every corner of the state. The orchestra's outreach extends to over 250,000 people, including more than 55,000 students. In response to the COVID-19 pandemic, the symphony pivoted its programs online, broadening its reach beyond North Carolina to national and international markets.
North Carolina Symphony Society Inc is deeply committed to enriching the lives of its community members through the power of music. By providing a diverse range of education programs, the organization fosters a love for music among students, particularly those in elementary schools. Despite the challenges posed by the pandemic, the symphony's unwavering dedication to its education mission persisted, transitioning to virtual platforms. In recognition of the potential financial implications of the pandemic, the symphony established a recovery reserve fund to mitigate projected declines in funding. Though the length and complete financial impact of the pandemic remain uncertain, the North Carolina Symphony continues to adapt and innovate, ensuring its mission endures.
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Impact
October, 2024
North Carolina Symphony Society Inc plays a pivotal role in enriching the cultural landscape of the state by serving as North Carolina's state orchestra. With a mission focused on achieving the highest artistic quality and performance standards, the symphony not only showcases exceptional musical talent but also embraces a legacy of statewide service and music education.
Founded in 1932, it holds the distinction of being the first state-supported orchestra in the United States. Each year, the North Carolina Symphony performs 175 concerts, traveling over 18,500 miles to reach diverse audiences across 98 counties. This extensive outreach allows it to engage with approximately 250,000 individuals annually, including more than 55,000 students through its robust education programs.
The impact of the symphony extends beyond just performances. During the COVID-19 pandemic, the organization quickly pivoted to online programming to ensure continued access to music education and performances. This adaptability not only allowed them to reach audiences outside of North Carolina but also helped maintain community engagement during challenging times.
As the largest performing arts organization in the state, the North Carolina Symphony provides vital services that foster a love for music and the arts. Its commitment to music education, particularly at the elementary level, underscores its dedication to nurturing the next generation of musicians and audiences, ensuring that the arts remain a vital part of the North Carolina community.
This information is meant to be a general summary of North Carolina Symphony Society 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: $1,355,099
- Program Service Revenue: $2,952,792
- Gross Receipts: $44,128,915
Assets and Liabilities:
- Total Assets: $32,524,457
- Total Liabilities: $3,529,009
- Net Assets: $28,995,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT REVENUE
Revenue
$2,846,877
EDUCATION
Revenue
$66,375
PROGRAM PROCESSING FEES
Revenue
$39,540
Organization Details
Founding Year
1932
Phone
(919) 733-2750Principal Officer
Sandi Ma Macdonald
Main Address
3700 GLENWOOD AVE 130, RALEIGH, NC, 27612
Website
www.ncsymphony.orgNTEE Category
Code: A690 - Arts
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