Overview
What is The Chamber Orchestra Of The Triangle?
The Chamber Orchestra of the Triangle is a nonprofit organization situated in Durham, North Carolina. With a modest workforce of three individuals, they are dedicated to presenting live concerts showcasing classical music performed by a professional chamber orchestra. Their mission extends to nurturing the younger generation's appreciation for classical music by granting complimentary admission to all student attendees. In the recent year, they successfully organized 14 such events, with around 47 musicians contributing and approximately 4,300 people in attendance.
Official website here: www.chamberorchestraofthetriangle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Chamber Orchestra Of The Triangle has received a two-star rating from Charity Navigator, indicating that there are areas requiring improvement despite some positive attributes. The organization has a strong program expense ratio of 93.71%, reflecting effective allocation of resources towards its mission. Additionally, it has an independent board comprised entirely of independent members, which is a positive governance feature.
However, there are significant gaps in the organization's accountability and financial practices. The lack of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and risk management. Although the organization shows no material diversion of assets and maintains a favorable liabilities to assets ratio, these missing policies suggest that there is room for improvement regarding ethical standards and operational safeguards.
Overall, while The Chamber Orchestra Of The Triangle demonstrates strengths in resource management and governance structure, it must address the noted deficiencies in its policies to enhance its accountability and trustworthiness among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Chamber Orchestra Of The Triangle legitimate?
The Chamber Orchestra Of The Triangle is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Chamber Orchestra Of The Triangle 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: $70,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chamberorchestraofthetriangle.org
What is the mission statement of The Chamber Orchestra Of The Triangle?
The Chamber Orchestra Of The Triangle's mission is centered around presenting live concerts featuring classical music, performed by a skilled chamber orchestra. They are committed to fostering an appreciation for classical music among the younger generation by offering free admission to all students. This initiative serves as a means to introduce and engage young people in the rich world of classical music.
Official website here: www.chamberorchestraofthetriangle.org
What is the revenue of The Chamber Orchestra Of The Triangle?
The Chamber Orchestra Of The Triangle's revenue in 2024 was $2,245,385.
Official website here: www.chamberorchestraofthetriangle.org
Who are the executives of The Chamber Orchestra Of The Triangle and what are their salaries?
The average compensation at The Chamber Orchestra Of The Triangle during 2024 was $7,778. There are 9 employees at The Chamber Orchestra Of The Triangle.
Here are 16 key members and their salaries:
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Official website here: www.chamberorchestraofthetriangle.org
Where can I find the form 990 for The Chamber Orchestra Of The Triangle?
The Chamber Orchestra Of The Triangle's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.chamberorchestraofthetriangle.org
Learn more at the official website: www.chamberorchestraofthetriangle.org
Mission Statement of The Chamber Orchestra Of The Triangle
The Chamber Orchestra Of The Triangle, a nonprofit organization, is dedicated to delivering live performances of classical music, showcasing the talents of a professional chamber orchestra. One of their primary objectives is to foster an appreciation for classical music among young individuals, extending complimentary admission to all student attendees. By presenting captivating concerts and providing this unique opportunity, the orchestra aims to spark curiosity and passion for the genre in the younger generation.
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Impact
July, 2024
The Chamber Orchestra of the Triangle's impact lies in the enrichment of the community through the performance of classical music by a talented chamber orchestra. By providing free admission to all students, the organization fosters a love for classical music among young people. Throughout the year, the orchestra presents 14 live concerts, showcasing the skills of approximately 47 musicians to an audience of around 4,300 people. This commitment to artistic excellence and education contributes significantly to the cultural vibrancy of Durham, NC, and beyond.
This information is meant to be a general summary of The Chamber Orchestra Of The Triangle. 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.
- Investment Income: $106,343
- Program Service Revenue: $138,702
- Gross Receipts: $2,245,385
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ballet/Musician Income
Revenue
$92,156
Ticket Sales
Revenue
$45,140
Concert Program
Revenue
$1,013
T-Shirts
Revenue
$293
Drink Sales
Revenue
$100
Organization Details
Founding Year
1982
Principal Officer
David Lindquist
NTEE Category
Code: A69 - Arts
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