Overview
What is Lexington Philharmonic Society Inc?
Lexington Philharmonic Society Inc, situated in Lexington, Kentucky, is a prominent nonprofit organization with a mission to promote excellence and innovation in music performances. Annually, they present over 100 concerts, educational programs, and community engagement activities, engaging various populations of Central Kentucky with the power and joy of live music. Their season series features a mix of classical music, new compositions, and world premieres, featuring renowned guest artists. The organization is committed to providing enriching experiences for its diverse community and fosters learning through various programs. They offer a range of free-of-charge life-long learning opportunities in collaboration with community partners such as the LFUCG Senior Center and Fayette County Public Schools. Their educational initiatives include pre-concert lectures, Sound Explorers, and MusicLab. Lexington Philharmonic Society Inc reaches out to thousands of listeners through its partnership with WEKU FM for on-air broadcasts and streaming, thereby expanding their reach beyond their local audience. Their total workforce comprises 156 dedicated individuals who contribute to their mission of enriching lives through music.
Official website here: www.lexingtonphilharmonic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Lexington Philharmonic Society Inc has earned a respectable Three-Star rating with an overall score of 82%. This score reflects strong performance in the areas of Accountability and Finance, where it achieved an 83% rating. Notably, the organization boasts a 100% independent board, ensuring that its governance is transparent and free from conflicts of interest. The financial oversight is robust, as indicated by perfect scores in auditing and oversight practices.
In terms of its program expense ratio at 69.59%, the society demonstrates a commitment to allocating funds effectively towards its mission. The organization also excels in community engagement, as evidenced by a culture and community score of 89%. This suggests that it is not only focused on financial metrics but also on building a strong relationship with its audience and stakeholders.
While the organization has many strengths, the data does not mention specific challenges or areas for improvement. However, the overall commitment to accountability and community engagement positions the Lexington Philharmonic Society Inc as a solid choice for potential donors and partners looking to support the arts.
This AI summary has been generated from information found on Charity Navigator.
Is Lexington Philharmonic Society Inc legitimate?
Lexington Philharmonic Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Philharmonic Society 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $512,089
For more financial information, click here
Official website here: www.lexingtonphilharmonic.org
What is the mission statement of Lexington Philharmonic Society Inc?
The Lexington Philharmonic Society Inc's mission is centered around fostering excellence and innovation in musical performances and presentations. Their goal is to enrich the lives of diverse communities by providing access to great music and live performances. The society also aims to educate current and future audiences, enhancing their understanding of music. Through various initiatives, such as over 100 annual concerts, educational programs, and community engagement events, they strive to bring distinction to their community. Their programming includes classical music, new compositions, and world premiere works, featuring renowned guest artists. Additionally, they offer free educational programs with community partners and provide accessible pre-concert lectures and other educational opportunities.
Official website here: www.lexingtonphilharmonic.org
Who is the CEO of Lexington Philharmonic Society Inc?
Stephen Mallory is the President of Lexington Philharmonic Society Inc.
Official website here: www.lexingtonphilharmonic.org
What is the revenue of Lexington Philharmonic Society Inc?
Lexington Philharmonic Society Inc's revenue in 2023 was $928,496.
Official website here: www.lexingtonphilharmonic.org
Who are the executives of Lexington Philharmonic Society Inc and what are their salaries?
The average compensation at Lexington Philharmonic Society Inc during 2023 was $3,763. There are 156 employees at Lexington Philharmonic Society Inc.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $75,000
- Related: $0
- Other: $0
Official website here: www.lexingtonphilharmonic.org
Where can I find the form 990 for Lexington Philharmonic Society Inc?
Lexington Philharmonic Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lexingtonphilharmonic.org
Learn more at the official website: www.lexingtonphilharmonic.org
Mission Statement of Lexington Philharmonic Society Inc
The Lexington Philharmonic Society Inc, an organization dedicated to music, pursues a mission to foster excellence and innovation in the performance and presentation of great music. Its primary aim is to enrich the lives of diverse communities, educate both current and future audiences, and elevate its community through the orchestra's presence and standing. Each year, the society presents over 100 concerts, educational programs, and community engagement events, engaging the diverse populations of Central Kentucky in the power and joy of music and live performance.
The society's season series showcases a variety of musical genres, including classical music, new music, and world premiere works, with renowned guest artists. The organization also offers numerous educational programs, many of which are provided free of charge in partnership with community organizations such as the LFUCG Senior Center and Fayette County Public Schools. These programs include pre-concert lectures, Sound Explorers, and MusicLab, which aim to engage and educate a wide audience.
Furthermore, the Lexington Philharmonic Society Inc reaches thousands of listeners through its partnership with WEKU FM, providing on-air broadcasts and streaming services. In summary, the Lexington Philharmonic Society Inc is committed to fostering excellence in music performance, enriching its community, and educating its diverse audience through various concert series, educational programs, and community engagement events.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Lexington Philharmonic Society Inc lies in its commitment to fostering excellence and innovation in the performance and presentation of great music. Through over 100 concerts, educational initiatives, and community engagement programs annually, the organization works to enrich the lives of the diverse population of Central Kentucky. By offering a variety of programs ranging from classical music to new compositions and world premieres, the Lexington Philharmonic brings the power and joy of live music to thousands of listeners. Additionally, through partnerships with various community organizations and educational institutions, the society provides free educational programs such as pre-concert lectures, Sound Explorers, and MusicLab, further expanding its impact on current and future audiences.
This information is meant to be a general summary of Lexington Philharmonic Society 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 2023.
- Investment Income: $1,098
- Program Service Revenue: $268,705
- Gross Receipts: $932,813
Assets and Liabilities:
- Total Assets: $108,732
- Total Liabilities: $160,946
- Net Assets: -$52,214
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT AND PROGRAM RE
Revenue
$264,400
OTHER REVENUE
Revenue
$4,305
Organization Details
Founding Year
1961
Phone
(859) 233-4226Principal Officer
Stephen Mallory
Main Address
161 N MILL STREET, LEXINGTON, KY, 40507
NTEE Category
Code: A690 - Arts
If you are a representative of Lexington Philharmonic Society Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.