Overview
What is Miami Symphony Orchestra Inc?
Miami Symphony Orchestra Inc, situated in Miami, Florida, is a renowned cultural organization in its 33rd season. With a team of 80 talented musicians, hailing from various international backgrounds, the orchestra reflects Miami's multicultural richness. Its main activity involves presenting recurring concerts throughout the 2021-2022 season. The organization's mission extends beyond performances, with its small ensembles offering educational outreach services to the Miami-Dade community as part of its education mission. In support of this program, the orchestra received in-kind donations worth $374,000, including facility rents, advertising, printing, video production, accounting and tax services, and more. Overall, Miami Symphony Orchestra Inc plays a significant role in enriching Miami's cultural landscape while providing educational opportunities to its community.
Official website here: www.themiso.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The Miami Symphony Orchestra Inc has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. While the organization excels in board independence and has no material diversion of assets, its overall accountability score is hindered by the lack of a whistleblower policy and inadequate document retention practices.
Strengths include a high percentage of independent board members and a strong program expense ratio, suggesting that the majority of its funds are directed toward its mission. However, the high liabilities to assets ratio raises concerns about financial health, which could impact the organization's sustainability in the long run.
The nonprofit's transparency also suffers due to the absence of critical documents on their website, such as tax forms. This lack of transparency may affect stakeholder trust and could be a red flag for potential donors. Overall, while the Miami Symphony Orchestra Inc shows a commitment to its programs, addressing its governance and financial practices is crucial for improving its rating and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Miami Symphony Orchestra Inc legitimate?
Miami Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami 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: $192,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,362
For more financial information, click here
Official website here: www.themiso.org
What is the mission statement of Miami Symphony Orchestra Inc?
The Miami Symphony Orchestra Inc, in its 33rd season, serves as a cultural beacon in Miami and is one of the leading cultural organizations in South Florida. Comprising 80 professional musicians selected from top-tier artists worldwide, the orchestra embodies Miami's international and multicultural richness. Beyond its concert performances, the orchestra's small ensembles offer educational outreach services to the Miami-Dade community as part of its mission to promote education.
Official website here: www.themiso.org
Who is the CEO of Miami Symphony Orchestra Inc?
Rafael Diaz-Balart is the Chairman of Miami Symphony Orchestra Inc.
Official website here: www.themiso.org
What is the revenue of Miami Symphony Orchestra Inc?
Miami Symphony Orchestra Inc's revenue in 2022 was $925,794.
Official website here: www.themiso.org
Who are the executives of Miami Symphony Orchestra Inc and what are their salaries?
The average compensation at Miami Symphony Orchestra Inc during 2022 was $134,181. There are 2 employees at Miami Symphony Orchestra Inc.
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Official website here: www.themiso.org
Where can I find the form 990 for Miami Symphony Orchestra Inc?
Miami Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themiso.org
Learn more at the official website: www.themiso.org
Mission Statement of Miami Symphony Orchestra Inc
Miami Symphony Orchestra Inc, in its 33rd season, serves as a cultural beacon in Miami and is among the leading cultural organizations in South Florida. Comprising 80 talented musicians hailing from various corners of the globe, the orchestra embodies the exceptional skill and diversity that mirrors Miami's international and multicultural heritage. Beyond its concert performances, the orchestra extends its reach through its small ensembles, offering educational outreach services to the Miami-Dade community as part of its mission to foster cultural growth and learning.
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Impact
July, 2024
Miami Symphony Orchestra Inc, known as The Miami Symphony Orchestra (MISO), serves as the cultural flagship of Miami, showcasing exceptional talent and diversity through its 80 professional musicians selected from around the world. In its 33rd season, MISO not only presents recurring concerts but also provides educational outreach services to the Miami-Dade community.
Through its performances and educational programs, MISO plays a vital role in enriching the cultural landscape of South Florida. The orchestra's outreach efforts help to cultivate a love for classical music in the community, contributing to the growth and appreciation of the arts in Miami.
Furthermore, by receiving donations of services and facilities with a total value of $374,000, MISO is able to continue its mission of providing high-quality cultural experiences to the residents of Miami. These partnerships and in-kind contributions demonstrate the organization's commitment to making classical music accessible and engaging for all members of the community.
Overall, Miami Symphony Orchestra Inc's impact extends beyond its performances, serving as a beacon of cultural excellence and enrichment in Miami and beyond.
This information is meant to be a general summary of Miami 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 2022.
- Program Service Revenue: $80,950
- Gross Receipts: $925,794
Assets and Liabilities:
- Total Assets: $34,701
- Total Liabilities: $2,929,326
- Net Assets: -$2,894,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET REVENUE
Revenue
$80,950
Organization Details
Founding Year
1989
Phone
(305) 275-5666Principal Officer
Rafael Diaz-Balart
Main Address
3900 NORTH MIAMI AVENUE FIRST FLOO, MIAMI, FL, 33127
Website
www.themiso.orgNTEE Category
Code: A69 - Arts
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