Overview
What is Richardson Symphony Inc?
Richardson Symphony Inc, now in its 62nd year, is a distinguished nonprofit organization based in Richardson, Texas. Comprising around 60 professional musicians from the broader Dallas-Fort Worth area, the orchestra is led by Music Director and Conductor Clay Couturiaux. The nonprofit's primary objective is to deliver high-quality live performances of both popular and classical music to the North Dallas Metroplex area. To achieve this, they offer a season of about six subscription concerts, often featuring guest soloists from various parts of the world or local artists. Beyond their concert performances, Richardson Symphony Inc is committed to music education, aiming to foster future artists and audiences. They accomplish this through their Symphony Days Program, which includes children's concerts and classroom visits, allowing students to engage with music on a deeper level. With a dedicated team of five employees, the orchestra continues to enrich the cultural landscape of the North Dallas Metroplex area.
Official website here: www.richardsonsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Richardson Symphony Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization scored only 43% overall, with critical weaknesses in independent board membership and financial transparency, such as the absence of financial statements and a whistleblower policy. These shortcomings highlight a need for improvement in governance practices to ensure proper oversight and accountability.
Notably, the organization does maintain a program expense ratio of 73.48%, which suggests a strong commitment to its programmatic activities. However, the liabilities to assets ratio of 73.64% raises concerns about financial stability. The presence of a conflict of interest policy is a positive aspect, yet the lack of key financial documents and independent board members detracts from the organization’s credibility.
In summary, while Richardson Symphony Inc demonstrates commitment to its mission through program expenses, the lack of robust governance and financial documentation poses substantial limitations. The organization must address these issues to enhance its accountability and overall effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Richardson Symphony Inc legitimate?
Richardson Symphony Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richardson Symphony 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: $79,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,132
For more financial information, click here
Official website here: www.richardsonsymphony.org
What is the mission statement of Richardson Symphony Inc?
Richardson Symphony Inc's mission is centered around delivering top-notch live performances of both popular and classical music. They extend their reach beyond entertainment, aiming to foster music education and nurture future artists and audience members. This is achieved through their Symphony Days Program, which includes children's concerts and classroom visits. The organization's goal is to enrich the local community by providing a platform for both professional musicians and emerging talents, while simultaneously instilling a love for music in the younger generation.
Official website here: www.richardsonsymphony.org
Who is the CEO of Richardson Symphony Inc?
Laurie Garvie is the President of Richardson Symphony Inc.
Official website here: www.richardsonsymphony.org
What is the revenue of Richardson Symphony Inc?
Richardson Symphony Inc's revenue in 2023 was $920,864.
Official website here: www.richardsonsymphony.org
Who are the executives of Richardson Symphony Inc and what are their salaries?
The average compensation at Richardson Symphony Inc during 2023 was $28,856. There are 5 employees and 120 volunteers at Richardson Symphony Inc.
Here are 22 key members and their salaries:
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Official website here: www.richardsonsymphony.org
Where can I find the form 990 for Richardson Symphony Inc?
Richardson Symphony Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.richardsonsymphony.org
Learn more at the official website: www.richardsonsymphony.org
Mission Statement of Richardson Symphony Inc
Richardson Symphony Inc, a renowned organization, is committed to delivering high-quality live performances of both popular and classical music in the North Dallas Metroplex area. Beyond just entertainment, the symphony has a mission to foster music education, with a vision to nurture future artists and audiences. This is achieved through their Symphony Days Program, which includes children's concerts and classroom visits, enabling young learners to engage with music on a deeper level. The symphony, now in its 62nd year, boasts a core group of about 60 professional musicians hailing from various parts of the DFW area, all under the guidance of their Music Director and Conductor, Clay Couturiaux. Throughout the year, the orchestra typically performs a season of six subscription concerts, often featuring guest soloists from around the globe. In addition to its regular concert schedule, select members of the orchestra may participate in contract performances, such as providing music for events or accompanying productions.
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Impact
July, 2024
Richardson Symphony Inc's impact is evident through its dedication to providing quality live musical performances of popular and classical music for the North Dallas Metroplex area. The organization also plays a significant role in promoting music education by offering children's concerts and classroom visits through its Symphony Days Program. With a talented core of approximately 60 professional musicians under the direction of Music Director and Conductor Clay Couturiaux, Richardson Symphony Inc has been enriching the local community with a diverse repertoire of music for over six decades. Through its season of subscription performances and collaborations with guest soloists and local choral groups, the organization continues to cultivate a love for music among audiences of all ages.
This information is meant to be a general summary of Richardson Symphony 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: $231,573
- Gross Receipts: $920,864
Assets and Liabilities:
- Total Assets: $291,259
- Total Liabilities: $214,485
- Net Assets: $76,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Season Subscriptions
Revenue
$47,278
Single Ticket Sales
Revenue
$63,010
Symphony Days
Revenue
$11,817
Contract Performances
Revenue
$5,690
Young Artist
Revenue
$36,400
Organization Details
Founding Year
1961
Phone
(972) 234-4195Principal Officer
Laurie Garvie
Main Address
399 W CAMPBELL RD STE 200A, RICHARDSON, TX, 750803606
Website
www.richardsonsymphony.orgNTEE Category
Code: A690 - Arts
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