Overview
What is Knoxville Symphony Society Incorporated?
Knoxville Symphony Society Incorporated is a renowned nonprofit organization based in Knoxville, Tennessee. With a workforce of 201 dedicated individuals, their primary mission is to foster and maintain a symphony orchestra of outstanding artistic caliber. This orchestra delivers performances of symphonic masterpieces, catering to a diverse East Tennessee audience, encompassing individuals of all ages. The organization's commitment extends beyond music, offering educational programs that promote excellence in musical performance. As part of their mission, they have served 12,151 people through their flagship Moxley Carmichael Masterworks Series, showcasing eight full orchestra concerts.
Official website here: www.knoxvillesymphony.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Knoxville Symphony Society Incorporated has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scores exceptionally well in areas such as board independence and financial oversight, demonstrating a strong governance structure and fiscal responsibility.
However, some limitations are noted in the evaluation, particularly the absence of essential policies like a conflict of interest policy and a whistleblower policy, which could affect transparency and trust. Additionally, the organization has not made its tax forms available on its website, which is a missed opportunity for public accountability.
Despite these shortcomings, the organization maintains a high program expense ratio, ensuring that a significant portion of its resources is directed toward its programs. Overall, while there are areas for improvement, the Knoxville Symphony Society appears to be managing its finances effectively and has a well-structured board in place.
This AI summary has been generated from information found on Charity Navigator.
Is Knoxville Symphony Society Incorporated legitimate?
Knoxville Symphony Society Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knoxville Symphony Society Incorporated 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: $198,348
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,453,615
For more financial information, click here
Official website here: www.knoxvillesymphony.com
What is the mission statement of Knoxville Symphony Society Incorporated?
The Knoxville Symphony Society Incorporated is committed to maintaining a symphony orchestra of exceptional artistic quality. Their mission is to extend this orchestra's reach to audiences of all ages in East Tennessee, achieving this goal through the delivery of exceptional musical performances and educational programs. By providing these services, they aim to enrich the local community and foster a love for music in its inhabitants. Their offerings include the Moxley Carmichael Masterworks Series, which features symphonic masterpieces performed by the full orchestra, serving over 12,151 individuals.
Official website here: www.knoxvillesymphony.com
What is the revenue of Knoxville Symphony Society Incorporated?
Knoxville Symphony Society Incorporated's revenue in 2024 was $4,926,535.
Official website here: www.knoxvillesymphony.com
Who are the executives of Knoxville Symphony Society Incorporated and what are their salaries?
The average compensation at Knoxville Symphony Society Incorporated during 2024 was $19,079. There are 139 employees and 100 volunteers at Knoxville Symphony Society Incorporated.
Here are 48 key members and their salaries:
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Official website here: www.knoxvillesymphony.com
Where can I find the form 990 for Knoxville Symphony Society Incorporated?
Knoxville Symphony Society Incorporated's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.knoxvillesymphony.com
Learn more at the official website: www.knoxvillesymphony.com
Mission Statement of Knoxville Symphony Society Incorporated
Knoxville Symphony Society Incorporated is dedicated to cultivating and preserving a symphony orchestra of exceptional artistic merit. Their mission is multi-faceted, aiming to connect with audiences of all ages in East Tennessee. They accomplish this by offering outstanding musical performances and implementing comprehensive education programs. By doing so, they strive to elevate the standard of symphonic music in the region and make it accessible to a diverse audience. The society's primary goal is to foster an appreciation for symphonic music and musical excellence, thereby enriching the cultural landscape of the community.
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Impact
July, 2024
Knoxville Symphony Society Incorporated's impact lies in its commitment to developing and sustaining a symphony orchestra of the highest artistic standards. Through their Moxley Carmichael Masterworks Series, which includes eight concerts by the full orchestra performing symphonic masterpieces, they have successfully reached 12,151 individuals in East Tennessee. By providing excellence in musical performance and education programs, Knoxville Symphony Society Incorporated plays a vital role in enriching the cultural landscape of Knoxville and engaging audiences of all ages in the beauty of classical music.
This information is meant to be a general summary of Knoxville Symphony Society Incorporated. 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: $61,821
- Program Service Revenue: $2,020,276
- Gross Receipts: $5,032,604
Assets and Liabilities:
- Total Assets: $1,499,046
- Total Liabilities: $903,472
- Net Assets: $595,574
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$1,494,362
CONTRACT FEES
Revenue
$381,035
KSYO TUITION FEES
Revenue
$144,879
Organization Details
Founding Year
1947
Principal Officer
Rick Fox
Website
www.knoxvillesymphony.comNTEE Category
Code: A690 - Arts
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