Overview
What is Memphis Symphony Orchestra Inc?
Memphis Symphony Orchestra Inc, located at 610 Goodman Street, Memphis, Tennessee 38152, is a vibrant nonprofit organization with a mission to enrich the lives of their diverse community through exceptional music and engaging programs. Over 400 musicians, staff, and volunteers, including members of the Memphis Symphony Orchestra, Memphis Symphony Chorus, and Memphis Symphony League, contribute to the organization's operations. They actively engage in educational programs, organize community events, and perform concerts, all aimed at fostering a rich musical experience for their community.
Official website here: www.memphissymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Memphis Symphony Orchestra Inc has demonstrated exceptional performance with a Charity Navigator rating of 97%, highlighting its strong accountability and financial health. This high score reflects the organization’s effective governance practices, including a significant majority of independent board members and a detailed set of policies to ensure transparency and ethical conduct. Their financial management is solid, with no reported diversion of assets and a strong program expense ratio of over 84%.
The organization excels in fundraising efficiency, maintaining a low cost of $0.11 to raise each dollar, and it has a stable working capital ratio that indicates sufficient financial resources to sustain operations. This suggests that the Memphis Symphony Orchestra is not only committed to its mission but also prudent in its financial stewardship, making it a reliable choice for donors looking to support the arts.
While the data reflects strong financial practices and governance, potential limitations were not specifically noted in the available information. Overall, the Memphis Symphony Orchestra Inc stands out as a well-managed nonprofit with a clear focus on accountability and mission fulfillment in the performing arts sector.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Symphony Orchestra Inc legitimate?
Memphis Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis 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: $130,795
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,728,205
For more financial information, click here
Official website here: www.memphissymphony.org
What is the mission statement of Memphis Symphony Orchestra Inc?
The Memphis Symphony Orchestra Inc, as an organization, strives to enrich the lives of their diverse community through the presentation of exceptional music and engaging programs. This is achieved through the collective efforts of over 400 musicians, staff, and volunteers, including the Memphis Symphony Orchestra, Memphis Symphony Chorus, and Memphis Symphony League. The orchestra conducts educational programs, organizes community engagement events, and performs concerts to provide a wide range of musical experiences. Their mission is centered around enriching lives and fostering a vibrant, musical community.
Official website here: www.memphissymphony.org
Who is the CEO of Memphis Symphony Orchestra Inc?
Abell Peter is the CEO of Memphis Symphony Orchestra Inc The CEO's salary of Memphis Symphony Orchestra Inc is $124,647 and their total compensation is $130,796.
Official website here: www.memphissymphony.org
What is the revenue of Memphis Symphony Orchestra Inc?
Memphis Symphony Orchestra Inc's revenue in 2024 was $5,679,056.
Official website here: www.memphissymphony.org
Who are the executives of Memphis Symphony Orchestra Inc and what are their salaries?
The average compensation at Memphis Symphony Orchestra Inc during 2024 was $15,127. There are 189 employees and 248 volunteers at Memphis Symphony Orchestra Inc.
Here are 24 key members and their salaries (Memphis Symphony Orchestra Inc's CEO's salary is $124,647 and their total compensation is $130,796):
- Compensation: $124,647
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- Other: $6,149
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- Compensation: $237,755
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- Compensation: $107,612
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- Other: $6,419
Official website here: www.memphissymphony.org
Where can I find the form 990 for Memphis Symphony Orchestra Inc?
Memphis Symphony Orchestra Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.memphissymphony.org
Learn more at the official website: www.memphissymphony.org
Mission Statement of Memphis Symphony Orchestra Inc
The Memphis Symphony Orchestra Inc, a vibrant organization, is dedicated to enriching the lives of its diverse community through the power of exceptional music and dynamic programs. With a team of over 400 musicians, staff, and volunteers, including the Memphis Symphony Orchestra, Memphis Symphony Chorus, and Memphis Symphony League, this nonprofit strives to share the joy of music and contribute to the community's cultural growth. The organization conducts educational programs, organizes community engagement events, and performs concerts, aiming to foster a deeper appreciation for music and its transformative effects on people's lives. By engaging with the local community, the Memphis Symphony Orchestra Inc plays an essential role in promoting unity and cultural exchange, enriching the lives of its diverse audience members.
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Impact
July, 2024
The Memphis Symphony Orchestra Inc's impact can be seen in its dedication to enriching the lives of a diverse community through exceptional music and dynamic programs. With over 400 musicians, staff, and volunteers, the organization operates educational programs, organizes community engagement events, and performs concerts. The Memphis Symphony Orchestra works tirelessly to bring the beauty of music to the people of Memphis, Tennessee, and beyond, making a significant cultural impact in the region.
This information is meant to be a general summary of Memphis 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: $49,016
- Program Service Revenue: $1,100,159
- Gross Receipts: $5,679,056
Assets and Liabilities:
- Total Assets: $6,808,528
- Total Liabilities: $407,657
- Net Assets: $6,400,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT REVENUE
Revenue
$1,100,159
Organization Details
Founding Year
1953
Principal Officer
Abell Peter
Website
www.memphissymphony.orgNTEE Category
Code: A690 - Arts
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