Overview
What is North Carolina Symphony Foundation?
The North Carolina Symphony Foundation is a nonprofit organization situated in Raleigh, North Carolina, specifically at 3700 Glenwood Ave 130. Its primary purpose is to support the North Carolina Symphony Society, Inc., also known as the Society. The foundation plays a crucial role in soliciting additional contributions to the Society's endowment and safeguarding these funds in a manner consistent with prudent investment practices. The funds collected are then expended for the exclusive benefit of the Society. In essence, the North Carolina Symphony Foundation aims to strengthen and reinforce the North Carolina Symphony Society's financial standing, thereby ensuring the continuity and growth of the organization's cultural contribution to the community.
Official website here: www.ncsymphony.org
Is North Carolina Symphony Foundation legitimate?
North Carolina Symphony Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Symphony Foundation 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: $0
For more financial information, click here
Official website here: www.ncsymphony.org
What is the mission statement of North Carolina Symphony Foundation?
The North Carolina Symphony Foundation's mission is centered around providing support to the North Carolina Symphony Society. Their primary objective is to increase the society's endowment by soliciting additional funds. They also prioritize safeguarding the assets of the endowment, ensuring they are invested prudently. The foundation's primary role is to expend the income and capital from the endowment for the sole benefit and use of the North Carolina Symphony Society.
Official website here: www.ncsymphony.org
Who is the CEO of North Carolina Symphony Foundation?
Sandi Ma Macdonald is the President of North Carolina Symphony Foundation. The CEO's salary of North Carolina Symphony Foundation is $0 and their total compensation is $313,693.
Official website here: www.ncsymphony.org
What is the revenue of North Carolina Symphony Foundation?
North Carolina Symphony Foundation's revenue in 2022 was $1,631,710.
Official website here: www.ncsymphony.org
Who are the executives of North Carolina Symphony Foundation and what are their salaries?
There 16 volunteers at North Carolina Symphony Foundation.
Here are 16 key members and their salaries (North Carolina Symphony Foundation's CEO's salary is $0 and their total compensation is $313,693):
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- Related: $282,682
- Other: $31,011
- Compensation: $0
- Related: $170,936
- Other: $6,283
Official website here: www.ncsymphony.org
Where can I find the form 990 for North Carolina Symphony Foundation?
North Carolina Symphony Foundation'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 Foundation
The North Carolina Symphony Foundation's mission is centered around supporting the North Carolina Symphony Society. This support extends to soliciting additional funds for the society's endowment. The foundation's primary role is to safeguard these endowment assets, ensuring they are managed prudently in line with the standards for endowment funds. Furthermore, the North Carolina Symphony Foundation is responsible for allocating income and capital from the endowment for the exclusive benefit and use of the North Carolina Symphony Society. This role is instrumental in ensuring the society has the necessary resources to thrive and continue its operations.
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Impact
October, 2024
The North Carolina Symphony Foundation provides crucial financial support to the North Carolina Symphony Society, ensuring the sustainability and growth of its programs. By soliciting contributions to its endowment, the foundation enhances the Symphony's ability to deliver high-quality musical performances and educational initiatives throughout the community. Additionally, it safeguards endowment assets with a focus on prudent investment strategies, ensuring long-term financial health.
Through its efforts, the Foundation directly impacts the cultural landscape of North Carolina by enabling the Symphony to engage more effectively with audiences, expand its repertoire, and reach underserved populations. The income generated from the endowment allows for the development of outreach programs, concerts, and collaborations that enrich the lives of individuals across the state. Ultimately, the North Carolina Symphony Foundation plays a vital role in nurturing the arts, fostering appreciation for classical music, and contributing to the vibrancy of North Carolina's artistic community.
This information is meant to be a general summary of North Carolina Symphony Foundation. 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: $1,272,864
- Gross Receipts: $22,755,144
Assets and Liabilities:
- Total Assets: $16,993,158
- Total Liabilities: $117,824
- Net Assets: $16,875,334
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Organization Details
Founding Year
1982
Phone
(919) 733-2750Principal Officer
Sandi Ma Macdonald
Main Address
3700 GLENWOOD AVE 130, RALEIGH, NC, 27612
Website
www.ncsymphony.orgNTEE Category
Code: A11 - Arts
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