Overview
What is Symphony Of The Americas Inc?
Symphony of the Americas Inc, a nonprofit organization situated in Fort Lauderdale, Florida, is committed to enriching the lives of young people through educational and community programming. They offer a series of concerts and open rehearsals featuring renowned international artists, serving as an engaging platform for learning. Additionally, they are dedicated to providing valuable resources within their community, contributing positively to the local area. With a team of seven dedicated individuals, Symphony of the Americas Inc is an essential contributor to the cultural and educational landscape of Fort Lauderdale.
Official website here: www.sota.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Stars
Symphony Of The Americas Inc has received a Two-Star rating from Charity Navigator, indicating a fair performance in terms of financial health and accountability. The organization has a strong score in several accountability aspects, achieving full points for independent board members, board size, and material diversion of assets. However, the organization falls short in areas such as having a whistleblower policy and a documented retention and destruction policy, which are critical for transparency and governance.
The charity's program expense ratio is commendable, with 70.92% of its expenses directed towards its programs, reflecting an effective use of funds for its intended mission. However, the liabilities to assets ratio of 60.69% suggests potential financial instability that could affect future operations if not addressed. While the organization has a sound financial management structure, these shortcomings in governance and financial practices could raise concerns for potential donors.
Overall, while Symphony Of The Americas Inc demonstrates strengths in program spending and board governance, improvements in transparency and financial accountability policies are necessary to enhance its overall rating and trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Symphony Of The Americas Inc legitimate?
Symphony Of The Americas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Symphony Of The Americas 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,137
For more financial information, click here
Official website here: www.sota.org
What is the mission statement of Symphony Of The Americas Inc?
Symphony of the Americas Inc is committed to providing educational and community programming for young people. Their primary objective is to offer a series of concerts and open rehearsals featuring international artists, thereby enriching the learning experience of the youth. This non-profit organization aims to engage and inspire the next generation of musicians and music enthusiasts through its initiatives.
Official website here: www.sota.org
Who is the CEO of Symphony Of The Americas Inc?
Robert Roselli is the President of Symphony Of The Americas Inc.
Official website here: www.sota.org
What is the revenue of Symphony Of The Americas Inc?
Symphony Of The Americas Inc's revenue in 2022 was $1,046,183.
Official website here: www.sota.org
Who are the executives of Symphony Of The Americas Inc and what are their salaries?
The average compensation at Symphony Of The Americas Inc during 2022 was $48,877. There are 7 employees and 34 volunteers at Symphony Of The Americas Inc.
Here are 14 key members and their salaries:
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- Compensation: $84,615
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Official website here: www.sota.org
Where can I find the form 990 for Symphony Of The Americas Inc?
Symphony Of The Americas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sota.org
Learn more at the official website: www.sota.org
Mission Statement of Symphony Of The Americas Inc
Symphony of the Americas Inc, a nonprofit organization, is committed to providing educational and community programming for young people. At the heart of its mission, this esteemed institution aims to offer a series of concerts and open rehearsals featuring renowned international artists. Through these events, Symphony of the Americas Inc strives to engage and inspire the youth, fostering a deeper appreciation for music and the arts. By providing these opportunities, the organization aims to enrich the lives of young people and contribute to their personal growth and development.
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Impact
July, 2024
Symphony of the Americas Inc provides educational and community programming to young people in Fort Lauderdale, Florida. Through a series of concerts and open rehearsals featuring international artists, the organization enriches the lives of students and fosters a love for the arts. By offering these opportunities, Symphony of the Americas Inc contributes to the cultural development of the community and helps inspire the next generation of musicians and music lovers.
This information is meant to be a general summary of Symphony Of The Americas 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: $612
- Program Service Revenue: $141,739
- Gross Receipts: $1,063,002
Assets and Liabilities:
- Total Assets: $323,163
- Total Liabilities: $196,134
- Net Assets: $127,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES - CONCERT
Revenue
$113,409
CONTRACT SERVICES
Revenue
$28,330
Organization Details
Founding Year
1987
Phone
(954) 335-7002Principal Officer
Robert Roselli
Main Address
2300 E OAKLAND PARK BLVD 306, FORT LAUDERDALE, FL, 33308
Website
www.sota.orgNTEE Category
Code: A69 - Arts
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