Overview
What is South Florida Symphony Orchestra Inc?
South Florida Symphony Orchestra Inc, based in Wilton Manors, Florida, is a dedicated nonprofit organization that delights, inspires, and educates the community through high-caliber orchestral music. During the fiscal year 2023, they presented a series of masterwork concerts, attended by over 22,000 patrons and students, featuring renowned soloists. They also engaged with underserved students and their families, offering educational programs and exposing them to the magic of live classical music. Their Symphony in the Schools program, 'Preserving Our Coral Reef,' aimed to empower children to protect the environment, and they returned to schools in the spring for training sessions. The orchestra also fostered community engagement through programs like 'Community Beats,' offering intimate, unexpected experiences with artists. As a significant employer in the region, they generate jobs for nearly 300 musicians, production staff, and arts administrators.
Official website here: www.southfloridasymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The South Florida Symphony Orchestra Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain aspects of its operations. With an overall score of 65%, the organization excels in areas related to culture and community engagement, scoring 85%. Notably, it has a high percentage of independent board members and demonstrates strong accountability with no reported material diversion of assets.
However, there are significant concerns regarding its financial health, highlighted by a liabilities to assets ratio of over 1219% and a negative working capital ratio. These figures suggest potential financial instability that could affect its long-term sustainability. Despite achieving high scores in program expenses and fundraising efficiency, these financial metrics raise red flags about the organization's operational viability.
On a positive note, the organization has received perfect scores in constituent feedback, demonstrating effective communication and engagement with its stakeholders. The presence of robust policies for conflict of interest and whistleblower protection further enhances its governance framework. Overall, while the South Florida Symphony Orchestra has strengths in community involvement and accountability, it must address its financial challenges to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is South Florida Symphony Orchestra Inc legitimate?
South Florida Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Florida 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: $189,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,292
For more financial information, click here
Official website here: www.southfloridasymphony.org
What is the mission statement of South Florida Symphony Orchestra Inc?
The South Florida Symphony Orchestra Inc is committed to bringing orchestral music of the highest caliber to its community. Its mission is to delight, inspire, and educate through music, achieving this goal by presenting a variety of concerts and events. During the past year, they performed over 37 concerts and events, featuring renowned soloists and showcasing masterpieces. Furthermore, their education program, Symphony in the Schools, exposed thousands of underprivileged students to live classical music, fostering an appreciation for the arts. The orchestra also engages with diverse communities through programs like Community Beats, providing intimate access to the performing arts in unexpected locations. Besides its artistic contributions, the orchestra generates jobs for nearly 300 musicians, production staff, and arts administrators, playing a significant role in the regional economy.
Official website here: www.southfloridasymphony.org
Who is the CEO of South Florida Symphony Orchestra Inc?
Jacqueline Lorber is the President & of South Florida Symphony Orchestra Inc.
Official website here: www.southfloridasymphony.org
What is the revenue of South Florida Symphony Orchestra Inc?
South Florida Symphony Orchestra Inc's revenue in 2023 was $2,161,567.
Official website here: www.southfloridasymphony.org
Who are the executives of South Florida Symphony Orchestra Inc and what are their salaries?
The average compensation at South Florida Symphony Orchestra Inc during 2023 was $47,570. There are 10 employees and 18 volunteers at South Florida Symphony Orchestra Inc.
Here are 7 key members and their salaries:
- Compensation: $94,705
- Related: $0
- Other: $6,714
- Compensation: $94,705
- Related: $0
- Other: $6,714
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southfloridasymphony.org
Where can I find the form 990 for South Florida Symphony Orchestra Inc?
South Florida Symphony Orchestra Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southfloridasymphony.org
Learn more at the official website: www.southfloridasymphony.org
Mission Statement of South Florida Symphony Orchestra Inc
South Florida Symphony Orchestra, also known as SFSO, is dedicated to bringing orchestral music of the highest caliber to the communities it serves. Its mission, in essence, is to delight, inspire, and educate the public through music. The orchestra strives to achieve this by performing concerts and events that showcase world-class musicians, engaging in programs that expose underserved students to the magic of live classical music, and fostering community engagement through initiatives like 'Community Beats'. By doing so, SFSO aims to make the performing arts accessible and enjoyable for a wide range of people, while also serving as a cultural leader and community asset, generating jobs and having a significant economic impact in the region.
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Impact
July, 2024
South Florida Symphony Orchestra Inc's impact is widespread and significant. The organization remains true to its mission of delighting, inspiring, and educating the community through music. In the past year, the South Florida Symphony Orchestra performed over 37 in-person concerts and events, serving approximately 22,000 members of the community in Monroe, Miami-Dade, and Broward counties.
Their Masterworks Concert Series featured world-renowned soloists and musicians, showcasing pieces like Dvo?k's Cello Concerto in B Minor and Gottsch's Ocklawaha, a world premiere. The Symphony in the Schools program exposed more than 5,000 culturally underserved students to the magic of live classical music, aiming to empower them to protect the environment through music education.
Furthermore, the orchestra's community engagement efforts, such as the Community Beats program, provided members of South Florida's diverse communities with access to the performing arts in intimate and unexpected spaces. South Florida Symphony Orchestra also serves as a cultural leader and community asset, contributing to the region's economy by generating jobs for nearly 300 musicians, production staff, and arts administrators.
Overall, South Florida Symphony Orchestra Inc has an immeasurable effect on the communities it serves, enriching lives through the power of orchestral music while contributing to the cultural and economic vibrancy of the region.
This information is meant to be a general summary of South Florida 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 2023.
- Program Service Revenue: $585,540
- Gross Receipts: $2,193,505
Assets and Liabilities:
- Total Assets: $102,374
- Total Liabilities: $1,248,609
- Net Assets: -$1,146,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$526,832
MEMBERSHIPS
Revenue
$58,708
Organization Details
Founding Year
1999
Phone
(954) 522-8445Principal Officer
Jacqueline Lorber
Main Address
2201 WILTON DRIVE SUITE 12, WILTON MANORS, FL, 33305
Website
www.southfloridasymphony.orgNTEE Category
Code: A69 - Arts
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