Overview
What is Youth Orchestra Of Greater Fort Worth?
The Youth Orchestra of Greater Fort Worth is a nonprofit organization, formally known as the Fort Worth Youth Orchestra, located at 4401 Trail Lake Drive, Fort Worth, Texas 76109. Their primary mission is to foster and motivate the ongoing growth of musical skill in qualified local youth by delivering comprehensive education in classical music and performance. They achieve this goal through intensive training programs. The orchestra serves both public and private school students, offering music education that extends beyond the classroom. To promote cultural awareness and enhance the public's appreciation of classical music, they provide free or reasonably priced concerts and musical events. In the fiscal year 2022, over 366 students participated in their events. The organization employs a team of 19 individuals, dedicated to nurturing musical talent in the youth of their community.
Official website here: www.fwyo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Youth Orchestra of Greater Fort Worth has achieved a commendable Four-Star rating from Charity Navigator, with an overall score of 92%. This high rating reflects the organization’s strong performance in accountability and finance, indicating it effectively manages its resources to fulfill its mission. The accountability score is calculated entirely from key indicators that demonstrate transparency and responsible financial practices.
Among the strengths noted are the organization's independent governance, with all board members being independent, and a well-sized board that adheres to best practices. The organization also excels in financial oversight, evidenced by a lack of material asset diversion and a high program expense ratio of 83.16%, which suggests that a significant portion of its budget is directed toward its programmatic activities.
One limitation mentioned is the absence of a whistleblower policy, which received a score of zero out of four points. While this does not detract significantly from the overall rating, it highlights an area for potential improvement in organizational policies to further enhance accountability. Overall, the Youth Orchestra of Greater Fort Worth demonstrates a strong commitment to its mission and a solid financial foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Youth Orchestra Of Greater Fort Worth legitimate?
Youth Orchestra Of Greater Fort Worth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youth Orchestra Of Greater Fort Worth 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: $70,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,241
For more financial information, click here
Official website here: www.fwyo.org
What is the mission statement of Youth Orchestra Of Greater Fort Worth?
The Youth Orchestra of Greater Fort Worth's mission is to foster and encourage the ongoing growth of musical talent in qualified youth from the area. This is accomplished through rigorous education in classical music and performance. Their objective is to inspire young musicians, promoting their continuous development. The orchestra organizes concerts for the public, aiming to enhance cultural awareness and increase appreciation for classical music. They achieve this by offering free or low-cost concerts and music events, reaching over 366 students in the 2022 fiscal year.
Official website here: www.fwyo.org
Who is the CEO of Youth Orchestra Of Greater Fort Worth?
Greg Mccoy is the President of Youth Orchestra Of Greater Fort Worth.
Official website here: www.fwyo.org
What is the revenue of Youth Orchestra Of Greater Fort Worth?
Youth Orchestra Of Greater Fort Worth's revenue in 2022 was $651,827.
Official website here: www.fwyo.org
Who are the executives of Youth Orchestra Of Greater Fort Worth and what are their salaries?
The average compensation at Youth Orchestra Of Greater Fort Worth during 2022 was $18,243. There are 19 employees and 60 volunteers at Youth Orchestra Of Greater Fort Worth.
Here are 26 key members and their salaries:
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Official website here: www.fwyo.org
Where can I find the form 990 for Youth Orchestra Of Greater Fort Worth?
Youth Orchestra Of Greater Fort Worth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fwyo.org
Learn more at the official website: www.fwyo.org
Mission Statement of Youth Orchestra Of Greater Fort Worth
The Youth Orchestra of Greater Fort Worth is committed to fostering and nurturing the musical talents of qualified youth in the area. They achieve this goal through an intensive education in classical music and performance. This nonprofit organization's mission is to inspire continuous development in young musicians, thereby contributing to the cultural enrichment of the community. They accomplish this by providing music education to students from both public and private schools. Moreover, the organization's public concerts and events serve to cultivate an appreciation for classical music, promoting cultural awareness among the general public. In the fiscal year 2022, over 366 students participated in these events, showcasing the impact and reach of the Youth Orchestra of Greater Fort Worth.
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Impact
July, 2024
The Youth Orchestra of Greater Fort Worth has a significant impact on the community by promoting and inspiring the development of musical talent in qualified area youth. Through intensive education in classical music and performance, the orchestra provides valuable music education to public and private school students. By offering free or low-cost concerts and music events to the public, the orchestra helps develop cultural awareness and enhance the community's appreciation of classical music. With over 366 students participating in events in FY2022, the Youth Orchestra of Greater Fort Worth plays a vital role in nurturing young musicians and enriching the cultural landscape of Fort Worth, Texas.
This information is meant to be a general summary of Youth Orchestra Of Greater Fort Worth. 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: $8,620
- Program Service Revenue: $336,514
- Gross Receipts: $708,005
Assets and Liabilities:
- Total Assets: $1,133,885
- Total Liabilities: $32,305
- Net Assets: $1,101,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENSEMBLE INCOME
Revenue
$177,830
TUITION
Revenue
$115,546
CONCERT INCOME
Revenue
$34,690
YOUTH ORCHESTRA PARENT
Revenue
$8,448
Organization Details
Founding Year
1965
Phone
(817) 923-3121Principal Officer
Greg Mccoy
Main Address
4401 TRAIL LAKE DRIVE, FORT WORTH, TX, 76109
Website
www.fwyo.orgNTEE Category
Code: A69Z - Arts
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