Overview
What is Association Of The Louisville Orchestra Inc?
The Association of the Louisville Orchestra Inc, situated in Louisville, Kentucky, is a nonprofit organization with a primary focus on supporting, maintaining, and promoting the Louisville Orchestra. Their mission is multifaceted, encompassing fundraising efforts and advocacy for music education. The organization operates with a dedication to fostering a deeper connection with the community's orchestra, thereby encouraging music learning and appreciation.
Official website here: www.associationlo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Association of the Louisville Orchestra Inc has received a 76% rating, indicating a satisfactory level of accountability and finance management. The organization excels in having a fully independent board, with all 10 board members meeting this criterion, and it has shown no material diversion of assets. Additionally, the program expense ratio is commendable at 91.02%, suggesting that a significant portion of its expenses is directed toward its mission-related activities.
However, there are notable areas for improvement. The charity lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for ensuring transparency and ethical governance. While the organization has successfully documented board meeting minutes and has a strong liabilities to assets ratio of 0.00%, the absence of these policies raises concerns about its governance practices.
Overall, while the Association of the Louisville Orchestra Inc demonstrates strong financial management and accountability, addressing the missing policies could enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Association Of The Louisville Orchestra Inc legitimate?
Association Of The Louisville Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association Of The Louisville 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:
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Official website here: www.associationlo.org
What is the mission statement of Association Of The Louisville Orchestra Inc?
The Association of the Louisville Orchestra Inc's mission is centered around two main objectives. Primarily, it focuses on raising funds for the Louisville Orchestra. Secondly, it is dedicated to promoting and advocating for music education. In essence, its role is to support and maintain the Louisville Orchestra while also fostering a love for music through education.
Official website here: www.associationlo.org
Who is the CEO of Association Of The Louisville Orchestra Inc?
Lindsay Vallandingham is the President of Association Of The Louisville Orchestra Inc.
Official website here: www.associationlo.org
What is the revenue of Association Of The Louisville Orchestra Inc?
Association Of The Louisville Orchestra Inc's revenue in 2022 was $82,003.
Official website here: www.associationlo.org
Who are the executives of Association Of The Louisville Orchestra Inc and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.associationlo.org
Where can I find the form 990 for Association Of The Louisville Orchestra Inc?
Association Of The Louisville Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.associationlo.org
Learn more at the official website: www.associationlo.org
Mission Statement of Association Of The Louisville Orchestra Inc
The Association of the Louisville Orchestra Inc is dedicated to supporting and promoting the Louisville Orchestra, both financially and through education. Their mission is multifaceted, aimed at maintaining the orchestra's existence and fostering a love for music in the community. They encourage music education, recognizing its importance in nurturing talent and broadening cultural horizons. Through their efforts, they strive to ensure that the Louisville Orchestra continues to thrive and that music education remains accessible to all.
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Impact
October, 2024
The Association Of The Louisville Orchestra Inc plays a crucial role in maintaining and promoting the Louisville Orchestra, thereby enriching the cultural landscape of the community. Through its fundraising efforts, it ensures the orchestra has the necessary financial support to perform and thrive. Additionally, the organization focuses on music education, encouraging both appreciation and participation in the arts among diverse audiences. By fostering an appreciation for orchestral music, it contributes to the artistic development of individuals and the community as a whole, enhancing the overall quality of life in Louisville, KY.
This information is meant to be a general summary of Association Of The Louisville 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.
- Investment Income: $114
- Gross Receipts: $86,481
Assets and Liabilities:
- Total Assets: $20,716
- Total Liabilities: $0
- Net Assets: $20,716
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Organization Details
Founding Year
1944
Phone
(502) 479-5566Principal Officer
Lindsay Vallandingham
Main Address
624 WEST MAIN STREET 400, LOUISVILLE, KY, 40202
Website
www.associationlo.orgNTEE Category
Code: A69Z - Arts
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