Overview
What is Dallas Symphony Association?
The Dallas Symphony Association, located at 2301 Flora Street Suite 300, Dallas, TX 75201, is a renowned nonprofit organization dedicated to enriching lives through exceptional musical performances. With a staff of 497 individuals, they strive to make Dallas a world-class city and major cultural center, featuring an orchestra ranked among the top in the United States. Their offerings include the classical Series, Pops Series, and various events showcasing the city's diversity, totaling over 165 performances annually. Community initiatives include free ticket distributions, music education programs for students, and musician ensembles performing in schools. The Dallas Symphony Association's mission is to inspire and transform lives through musical excellence.
Official website here: www.dallassymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Dallas Symphony Association has received an overall score of 81%, reflecting a strong performance in accountability and finance, which is crucial for donor trust and effective operations. The organization boasts a fully independent board, with 98% of its members meeting this criterion, and has received perfect scores for its audit and oversight practices, ensuring a solid governance structure.
Strengths of the organization include high program expense efficiency, with 82.76% of its budget allocated to programs, and impressive fundraising efficiency, costing only $0.19 to raise a dollar. Additionally, the organization maintains comprehensive policies regarding conflict of interest and whistleblower protection, contributing to its transparency and accountability.
However, there are some limitations to note, specifically regarding the liabilities to assets ratio, which stands at 64.33%, and a working capital ratio of only 0.29 years. These figures may indicate potential financial strain or limited short-term liquidity, suggesting a need for careful financial management moving forward. Overall, the Dallas Symphony Association demonstrates solid financial practices while facing some challenges in its financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas Symphony Association legitimate?
Dallas Symphony Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas Symphony Association 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: $3,261,416
Professional Fundraising Fees: $201,581
Other Salaries and Wages: $17,686,324
For more financial information, click here
Official website here: www.dallassymphony.org
What is the mission statement of Dallas Symphony Association?
The Dallas Symphony Association's mission is to inspire and impact lives through exceptional musical performances. They aim to contribute significantly to Dallas's transformation into a major cultural hub, positioning the Dallas Symphony Orchestra as a prominent landmark. The organization ranks among the leading American Orchestras, presenting over 165 performances annually through the Classical Series, Pops Series, and community events. As a dedicated community partner, the Dallas Symphony Association sponsors various initiatives, including providing free tickets, instruments, and music lessons for students in need, and offering musician ensembles to perform in schools. Their commitment extends to creating an educational website for children and teachers and hosting a free concert for individuals with autism and developmental disabilities. The Dallas Symphony Association is a vibrant community of music enthusiasts dedicated to cultivating new music lovers.
Official website here: www.dallassymphony.org
Who is the CEO of Dallas Symphony Association?
Kim Noltemy is the President & Ceo of Dallas Symphony Association. The CEO's salary of Dallas Symphony Association is $464,992 and their total compensation is $503,487.
Official website here: www.dallassymphony.org
What is the revenue of Dallas Symphony Association?
Dallas Symphony Association's revenue in 2022 was $50,872,025.
Official website here: www.dallassymphony.org
Who are the executives of Dallas Symphony Association and what are their salaries?
The average compensation at Dallas Symphony Association during 2022 was $42,148. There are 497 employees and 1000 volunteers at Dallas Symphony Association.
Here are 14 key members and their salaries (Dallas Symphony Association's CEO's salary is $464,992 and their total compensation is $503,487):
- Compensation: $464,992
- Related: $0
- Other: $38,495
- Compensation: $358,475
- Related: $0
- Other: $14,495
- Compensation: $333,355
- Related: $0
- Other: $0
- Compensation: $219,640
- Related: $0
- Other: $39,815
- Compensation: $211,705
- Related: $0
- Other: $38,969
- Compensation: $202,808
- Related: $0
- Other: $19,932
- Compensation: $209,935
- Related: $0
- Other: $11,695
- Compensation: $185,364
- Related: $0
- Other: $23,275
- Compensation: $190,594
- Related: $0
- Other: $14,195
- Compensation: $143,709
- Related: $0
- Other: $22,055
- Compensation: $127,584
- Related: $0
- Other: $35,868
- Compensation: $133,398
- Related: $0
- Other: $26,821
- Compensation: $60,379
- Related: $0
- Other: $1,747
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dallassymphony.org
Where can I find the form 990 for Dallas Symphony Association?
Dallas Symphony Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dallassymphony.org
Learn more at the official website: www.dallassymphony.org
Mission Statement of Dallas Symphony Association
The Dallas Symphony Association, a renowned musical organization, is dedicated to inspiring and transforming lives through the power of excellent music. By striving for musical excellence, the Association aspires to contribute significantly to Dallas's development as a world-class city and a major cultural hub.
The Dallas Symphony Orchestra, a key element of the Association, is celebrated among the top American Orchestras. With an extensive performance schedule, which includes the Classical Series, Pops Series, and various events promoting diversity, the Orchestra presents over 165 concerts each year. Going beyond just entertainment, the organization offers a range of community programs.
Some of these programs include Community Connections, where free tickets are distributed to individuals through social service agencies; Young Strings, which provides free instruments and music lessons to students; and YOUNG MUSICIANS, offering free instruments and lessons at Dallas Independent School District (DISD) sites across southern Dallas. Furthermore, Symphony YES provides musician ensembles to perform in area schools, while DSO Kids caters to an educational website for children and teachers. A special concert, My DSO Concert, is also held exclusively for adults and children with autism and developmental disabilities.
Through these initiatives, the Dallas Symphony Association creates a community of music lovers, fostering the passion for music in people of all ages and backgrounds. By sponsoring these programs, the Organization extends its reach beyond the concert hall, aiming to make music accessible and inspiring to everyone.
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Impact
October, 2024
The Dallas Symphony Association profoundly impacts the community by enhancing lives through the power of music. Its mission is centered around inspiring individuals and fostering musical excellence, which not only enriches the cultural landscape of Dallas but also promotes it as a world-class city and cultural center.
With over 165 performances each year, including the classical and pops series, the Association brings a diverse array of musical experiences to the public, reaching a wide audience. In addition to its performances, the Dallas Symphony Orchestra actively engages with the community through a variety of educational and outreach programs.
Initiatives like Community Connections offer free tickets to underserved populations, while programs such as Young Strings and Young Musicians provide access to instruments and music lessons for students in Dallas ISD. Symphony YES brings live music directly into schools, fostering appreciation for the arts among young learners. The DSO Kids educational website also supports teachers and students by providing valuable resources. Moreover, the My DSO Concert specifically caters to individuals with autism and developmental disabilities, creating inclusive opportunities for enjoyment and engagement with music.
Through these efforts, the Dallas Symphony Association not only cultivates a love of music but also builds a community of passionate music lovers, significantly contributing to the cultural and social fabric of Dallas.
This information is meant to be a general summary of Dallas Symphony Association. 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: $208
- Program Service Revenue: $8,410,127
- Gross Receipts: $51,536,638
Assets and Liabilities:
- Total Assets: $30,741,706
- Total Liabilities: $15,249,194
- Net Assets: $15,492,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKET SALES AND FEES
Revenue
$7,629,900
OTHER EARNED INCOME
Revenue
$780,227
Organization Details
Founding Year
1945
Phone
(214) 871-4014Principal Officer
Kim Noltemy
Main Address
2301 FLORA STREET Suite 300, DALLAS, TX, 75201
Website
www.dallassymphony.orgNTEE Category
Code: A690 - Arts
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