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Monroe Symphony Orchestra Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 720716521 ✦ Monroe, LA ✦ Designated as a 501(c)(3)

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Overview

What is Monroe Symphony Orchestra Inc?

Monroe Symphony Orchestra Inc, based in Ouachita Parish, is a dedicated nonprofit organization. Their primary mission is to enlighten the public through the medium of symphony music, achieved through regular performances within the community. This nonprofit's activities are rooted in the belief that symphony music plays a significant role in public education. By organizing concerts, Monroe Symphony Orchestra Inc aims to make this art form accessible to a wider audience, thereby fostering an appreciation for classical music.


Official website here: www.mymso.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Stars

Monroe Symphony Orchestra Inc has received a 76% rating from Charity Navigator, indicating a solid performance, particularly in the area of accountability and finance. The rating is based entirely on financial metrics, showcasing the organization’s strong management practices, including a 100% independent board and no material diversion of assets. These factors contribute positively to the overall accountability score.

However, there are notable gaps in governance policies, as the organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for transparency and ethical management. Despite these shortcomings, the orchestra demonstrates fiscal responsibility with a perfect program expense ratio, reflecting its commitment to allocating funds directly towards its mission.

Overall, while Monroe Symphony Orchestra Inc shows strong financial health and governance through its independent board structure, addressing the missing policies could enhance its accountability and public trust in the long term.


This AI summary has been generated from information found on Charity Navigator.

Is Monroe Symphony Orchestra Inc legitimate?

Monroe Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mymso.org

What is the mission statement of Monroe Symphony Orchestra Inc?

The Monroe Symphony Orchestra Inc, in its mission, strives to introduce symphony music to the public for educational purposes. They achieve this goal by organizing regular concerts within their community, specifically in Ouachita Parish. By doing so, the orchestra aims to broaden the public's understanding and appreciation of symphony music, thereby enriching their cultural experiences. The orchestra's concerts serve as a platform for musical learning, fostering an environment where individuals can engage with and be inspired by symphony music.


Official website here: www.mymso.org

Who is the CEO of Monroe Symphony Orchestra Inc?

Judy Bennett is the President of Monroe Symphony Orchestra Inc.


Official website here: www.mymso.org

What is the revenue of Monroe Symphony Orchestra Inc?

Monroe Symphony Orchestra Inc's revenue in 2023 was $73,552.


Official website here: www.mymso.org

Who are the executives of Monroe Symphony Orchestra Inc and what are their salaries?


Here are 8 key members and their salaries:


Lee Ainsworth (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Baccarini (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Bennett (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Boldin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Irwin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Kellogg Katz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Sawyer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Ann Tubbs (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mymso.org

Where can I find the form 990 for Monroe Symphony Orchestra Inc?

Monroe Symphony Orchestra Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mymso.org

Learn more at the official website: www.mymso.org

Mission Statement of Monroe Symphony Orchestra Inc

Monroe Symphony Orchestra Inc, as its name suggests, is a nonprofit organization dedicated to the mission of fostering public education through symphony music. They achieve this by organizing regular concerts within Ouachita Parish. By doing so, they make symphony music accessible to the general public, thereby broadening their horizons and enriching their cultural experiences. The Monroe Symphony Orchestra Inc serves as a platform for individuals to appreciate and engage with the art of symphony music, thereby promoting a deeper understanding and appreciation for classical music.

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Impact




August, 2024

Monroe Symphony Orchestra Inc's impact can be seen in its efforts to bring symphony music to educate the public through regular concerts within Ouachita Parish. Through its performances and outreach programs, the organization plays a vital role in promoting arts and culture in the community. The Monroe Symphony Orchestra provides opportunities for individuals to experience high-quality symphonic music and learn about the rich tradition of classical music.




This information is meant to be a general summary of Monroe 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.

Revenue
$73,552 (2023)
Expenses
$127,902 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9
  • Program Service Revenue: $38,890
  • Gross Receipts: $73,552

Assets and Liabilities:

  • Total Assets: $57,302
  • Total Liabilities: $0
  • Net Assets: $57,302

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$21,440

GATE RECEIPTS

Revenue

$17,450

Organization Details

Founding Year

1972

Principal Officer

Judy Bennett

Main Address

PO BOX 4353, MONROE, LA, 712114353

NTEE Category

Code: A69Z - Arts

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