Overview
What is Ocala Symphony Orchestra Inc?
The Ocala Symphony Orchestra Inc, situated in Ocala, Florida, is a renowned cultural arts organization with a significant presence in Marion County. Their main objective is to deliver top-notch symphony orchestra performances, catering to a diverse range of community members. Through their annual subscription series, they present full orchestra concerts, complemented by various special performances throughout the year. Beyond concert performances, the Ocala Symphony Orchestra also engages in community outreach programs. These initiatives include Symphony for the Schools, a project that brings music education to local schools, the Young Artist's Competition, the Kemble Scholarship, and Music from the Heart, which aims to connect with the community on a deeper level. With a team of 36 dedicated individuals, the Ocala Symphony Orchestra Inc is committed to enriching the cultural landscape of their community.
Official website here: www.ocalasymphony.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Ocala Symphony Orchestra Inc has received a two-star rating from Charity Navigator, indicating that it has room for growth in terms of accountability and financial transparency. With an overall score of 73%, the organization shows strengths in governance, such as having a fully independent board and a solid program expense ratio, suggesting that a significant portion of its budget goes directly to its programs.
However, the organization struggles with several key areas of financial reporting and policy implementation. Notably, it lacks critical financial statements and does not have a whistleblower policy or a document retention policy in place. The absence of these elements can impact trust and confidence among donors and stakeholders. Additionally, though the organization has listed its website on the tax form, it has not posted its tax documents online, further contributing to a perception of limited transparency.
In conclusion, while the Ocala Symphony Orchestra demonstrates positive governance and efficient use of funds in programming, it needs to address significant gaps in financial reporting and policy establishment to improve its accountability and overall rating. Enhancing these areas could lead to increased donor confidence and support for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ocala Symphony Orchestra Inc legitimate?
Ocala Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocala 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: $771,104
For more financial information, click here
Official website here: www.ocalasymphony.com
What is the mission statement of Ocala Symphony Orchestra Inc?
The Ocala Symphony Orchestra Inc's mission is centered around enriching the community's cultural landscape. They aim to achieve this by delivering high-quality live orchestra performances that cater to a wide range of socio-economic backgrounds in the area. The organization is dedicated to fostering excellence in music, making it accessible to as many residents as possible. In addition to their annual subscription series of full orchestra concerts, they also organize several special events throughout the year. Furthermore, the Ocala Symphony Orchestra extends its reach beyond performances by offering various cultural programs to the community, such as Symphony for the Schools, the Young Artist's Competition, the Kemble Scholarship, and Music from the Heart.
Official website here: www.ocalasymphony.com
Who is the CEO of Ocala Symphony Orchestra Inc?
Jim Schneider is the Director of Ocala Symphony Orchestra Inc.
Official website here: www.ocalasymphony.com
What is the revenue of Ocala Symphony Orchestra Inc?
Ocala Symphony Orchestra Inc's revenue in 2022 was $3,120,285.
Official website here: www.ocalasymphony.com
Who are the executives of Ocala Symphony Orchestra Inc and what are their salaries?
The average compensation at Ocala Symphony Orchestra Inc during 2022 was $21,420. There are 36 employees and 25 volunteers at Ocala Symphony Orchestra Inc.
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- Compensation: $114,128
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Official website here: www.ocalasymphony.com
Where can I find the form 990 for Ocala Symphony Orchestra Inc?
Ocala Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocalasymphony.com
Learn more at the official website: www.ocalasymphony.com
Mission Statement of Ocala Symphony Orchestra Inc
The Ocala Symphony Orchestra Inc, a distinguished cultural arts organization, is dedicated to enriching the community by presenting live symphony orchestra performances of a professional standard. Their mission is multifaceted, aimed at catering to a diverse social and economic spectrum of local residents. By performing high-caliber music, this esteemed orchestra strives to elevate the cultural landscape, offering a broad range of individuals the opportunity to engage with symphonic art. Furthermore, the Ocala Symphony Orchestra Inc is committed to fostering excellence, continually pushing the boundaries of symphonic performance and engaging audiences with their captivating concerts.
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Impact
July, 2024
The Ocala Symphony Orchestra Inc has a significant impact on the cultural life of the community by providing live symphony orchestra performances of a professional caliber. They play the highest caliber music in front of nearly ten thousand area citizens, enhancing the cultural experience for a broad range of social and economic residents in Ocala, Florida. In addition to their annual subscription series, the Orchestra also offers special concerts and cultural programs such as the Symphony for the Schools, the Young Artist's Competition, the Kemble Scholarship, and Music from the Heart. The Orchestra's dedication to fostering excellence in music and providing access to high-quality performances makes them a cornerstone of Marion County's cultural arts scene.
This information is meant to be a general summary of Ocala 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 2022.
- Program Service Revenue: $1,120,202
- Gross Receipts: $3,120,285
Assets and Liabilities:
- Total Assets: $11,258,857
- Total Liabilities: $4,735,434
- Net Assets: $6,523,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Concert admissions
Revenue
$784,899
Rental Income
Revenue
$155,863
Concessions
Revenue
$179,440
Organization Details
Founding Year
1975
Phone
(352) 351-1606Principal Officer
Jim Schneider
Main Address
500 NE 9th Street, Ocala, FL, 34470
Website
www.ocalasymphony.comNTEE Category
Code: A69 - Arts
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