Overview
What is Fayetteville Symphony Orchestra Inc?
Fayetteville Symphony Orchestra Inc is a nonprofit organization situated in Fayetteville, North Carolina. Its primary purpose is to support the Fayetteville Symphony Orchestra in presenting numerous concerts within the community annually. The organization's mission encompasses providing financial and material aid to the symphony orchestra, promoting musical education in the schools of Cumberland County and adjacent areas of North Carolina, fostering musical appreciation among the local population, and offering citizens opportunities for musical entertainment and enjoyment. With a team of nine dedicated individuals, Fayetteville Symphony Orchestra Inc plays a vital role in enriching the cultural landscape of the community.
Official website here: www.fayettevillesymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Fayetteville Symphony Orchestra Inc has achieved a commendable 96% rating, which reflects its strong performance in accountability and finance. The organization's high rating is based entirely on its accountability and finance score, indicating a solid management of resources and transparency in its operations. This exceptional score highlights the organization's commitment to ethical practices and effective governance.
The strengths of the Fayetteville Symphony Orchestra include having a fully independent board with 15 members, comprehensive financial audits, and a transparency in documentation that includes policies on conflicts of interest and whistleblowing. The organization shows a low liabilities-to-assets ratio of 8.52%, which suggests sound financial health, while a program expense ratio of 76.56% indicates that a significant portion of its resources is allocated directly to its programs, supporting its mission effectively.
While the overall rating is impressive, potential donors and supporters may want to consider the specific programs and outreach efforts of the organization to fully understand its impact in the community. However, based on financial management and accountability, Fayetteville Symphony Orchestra appears to be a trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fayetteville Symphony Orchestra Inc legitimate?
Fayetteville Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayetteville 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,158
For more financial information, click here
Official website here: www.fayettevillesymphony.org
What is the mission statement of Fayetteville Symphony Orchestra Inc?
The Fayetteville Symphony Orchestra Inc is committed to providing financial and material support to enhance the Fayetteville Symphony Orchestra. Their goal is to promote musical education within the schools of Cumberland County and adjacent areas of North Carolina. They also aim to foster a greater appreciation for music among the local population. Furthermore, the organization strives to offer opportunities for musical entertainment and enjoyment to the citizens in the area. In essence, the Fayetteville Symphony Orchestra Inc serves to bolster the symphony orchestra and nurture an interest in music within the community.
Official website here: www.fayettevillesymphony.org
What is the revenue of Fayetteville Symphony Orchestra Inc?
Fayetteville Symphony Orchestra Inc's revenue in 2024 was $544,517.
Official website here: www.fayettevillesymphony.org
Who are the executives of Fayetteville Symphony Orchestra Inc and what are their salaries?
The average compensation at Fayetteville Symphony Orchestra Inc during 2024 was $29,594. There are 7 employees at Fayetteville Symphony Orchestra Inc.
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Official website here: www.fayettevillesymphony.org
Where can I find the form 990 for Fayetteville Symphony Orchestra Inc?
Fayetteville Symphony Orchestra Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fayettevillesymphony.org
Learn more at the official website: www.fayettevillesymphony.org
Mission Statement of Fayetteville Symphony Orchestra Inc
The Fayetteville Symphony Orchestra Inc is committed to providing financial and material support to the Fayetteville Symphony Orchestra. Beyond this, the organization aims to foster musical education in the schools of Cumberland County and adjacent areas of North Carolina. This mission extends to promoting musical appreciation among the local population. By doing so, the Fayetteville Symphony Orchestra Inc aims to offer the citizens of these areas opportunities for musical entertainment and enjoyment.
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Impact
July, 2024
The Fayetteville Symphony Orchestra Inc significantly enriches the cultural landscape of Fayetteville, North Carolina, and its surrounding areas by providing high-quality musical performances for the community. Through a diverse range of concerts and educational initiatives, the orchestra fosters musical education in schools, promotes musical appreciation among the population, and offers opportunities for residents to experience the joy of live orchestral music. Their efforts contribute to the vibrancy of the local arts scene and enhance the quality of life for many individuals in the region.
This information is meant to be a general summary of Fayetteville 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 2024.
- Investment Income: $554
- Program Service Revenue: $69,284
- Gross Receipts: $553,212
Assets and Liabilities:
- Total Assets: $584,537
- Total Liabilities: $49,888
- Net Assets: $534,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKETS
Revenue
$41,205
EDUCATION PROGRAM FEES
Revenue
$17,960
PRIVATE PERFORMANCE FE
Revenue
$10,119
Organization Details
Founding Year
1979
Principal Officer
Zach Pritchett
Website
www.fayettevillesymphony.orgNTEE Category
Code: A69Z - Arts
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