Overview
What is Owensboro Symphony Orchestra Inc?
Owensboro Symphony Orchestra Inc is a nonprofit organization situated in Owensboro, Kentucky, with an address at 211 East Second Street. Their primary mission is to enrich the lives of residents in western Kentucky and southern Indiana through the promotion and provision of orchestral music. This is achieved by organizing a series of six classical performances with a full orchestra and two free outdoor community concerts. Beyond performances, the organization also engages in educational and community programs, aiming to create meaningful and memorable experiences for its audience. With a dedicated team of nine individuals, Owensboro Symphony Orchestra Inc strives to foster a love for orchestral music and connect with its community.
Official website here: www.theoso.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Owensboro Symphony Orchestra Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a robust score of 96%. This rating is based entirely on the organization's Accountability & Finance beacon, indicating a strong commitment to transparency and sound financial practices. The high score suggests that the organization is effectively managing its resources and maintaining a solid financial foundation.
One of the noteworthy strengths of the orchestra is its governance structure, boasting a completely independent board with 21 members. The organization has also demonstrated excellence in financial oversight, with a perfect score in its audit and oversight committee practices. Other positive indicators include the absence of material asset diversions and adherence to various policies such as conflict of interest and whistleblower protections, reinforcing its commitment to ethical management.
While the financial metrics are strong, with an impressive program expense ratio of 82.01%, it is essential for potential donors and supporters to consider how the organization allocates its resources towards its mission. Overall, the Owensboro Symphony Orchestra Inc stands out as a well-managed nonprofit with a clear focus on accountability, making it a reliable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Symphony Orchestra Inc legitimate?
Owensboro Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro 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: $193,025
For more financial information, click here
Official website here: www.theoso.com
What is the mission statement of Owensboro Symphony Orchestra Inc?
The Owensboro Symphony Orchestra Inc's mission is centered around creating meaningful and imaginative performances, as well as educational and community engagement programs. This mission aims to enrich lives and create unforgettable experiences. The organization strives to promote and provide orchestral music to its audience, offering a series of six classical performances with a full orchestra, and two free outdoor community concerts. These initiatives serve to bring orchestral music to the residents of Western Kentucky and Southern Indiana.
Official website here: www.theoso.com
What is the revenue of Owensboro Symphony Orchestra Inc?
Owensboro Symphony Orchestra Inc's revenue in 2024 was $842,154.
Official website here: www.theoso.com
Who are the executives of Owensboro Symphony Orchestra Inc and what are their salaries?
The average compensation at Owensboro Symphony Orchestra Inc during 2024 was $21,447. There are 9 employees and 100 volunteers at Owensboro Symphony Orchestra Inc.
Here are 21 key members and their salaries:
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Official website here: www.theoso.com
Where can I find the form 990 for Owensboro Symphony Orchestra Inc?
Owensboro Symphony Orchestra Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.theoso.com
Learn more at the official website: www.theoso.com
Mission Statement of Owensboro Symphony Orchestra Inc
The Owensboro Symphony Orchestra Inc is dedicated to creating meaningful and imaginative performances, as well as educational and community engagement programs. Their mission is to enrich lives and create memorable experiences for the residents of Western Kentucky and Southern Indiana. To achieve this, they promote and provide orchestral music through a series of six classical performances, featuring a full orchestra, and two outdoor free community concerts. By doing so, they aim to bring the joy and beauty of orchestral music to a wide audience, fostering a sense of community and shared cultural experiences.
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Impact
July, 2024
Owensboro Symphony Orchestra Inc's impact lies in creating meaningful, imaginative performances and educational programs that enrich lives and create memorable experiences. By promoting and providing orchestral music to the residents of Western Kentucky and Southern Indiana through a series of classical performances with a full orchestra, as well as two outdoor free community concerts, the organization contributes to the cultural enrichment of the community. Through its mission to engage with the community and provide access to high-quality orchestral music, the Owensboro Symphony Orchestra Inc plays a vital role in fostering appreciation for the arts and enhancing the quality of life for those it serves.
This information is meant to be a general summary of Owensboro 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: $61,040
- Program Service Revenue: $269,509
- Gross Receipts: $849,141
Assets and Liabilities:
- Total Assets: $2,481,764
- Total Liabilities: $304,973
- Net Assets: $2,176,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$166,247
CONTRACT CONCERTS
Revenue
$80,825
EDUCATIONAL PROGRAMS
Revenue
$15,675
MEMBERSHIP DUES
Revenue
$6,762
Organization Details
Founding Year
1996
Principal Officer
Gwyn Morris Payne
Website
www.theoso.comNTEE Category
Code: A690 - Arts
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