Overview
What is Lubbock Symphony Orchestra Inc?
Lubbock Symphony Orchestra Inc, located at 601 Avenue K, Lubbock, Texas, is a thriving nonprofit organization with a mission to enrich its community. Serving over 14,000 individuals annually, it offers a mix of classical, chamber, holiday pops, and special concerts throughout the season. This cultural hub strives to provide engaging and educational experiences beyond merely performances, contributing significantly to the South Plains region. With a dedicated workforce of 19 employees, the Lubbock Symphony Orchestra Inc plays an essential role in fostering a rich cultural landscape within its community.
Official website here: www.lubbocksymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Lubbock Symphony Orchestra Inc. has received a 77% rating from Charity Navigator, earning a Three-Star designation. This score is entirely based on the organization's Accountability & Finance category, indicating a strong emphasis on financial governance. The charity demonstrates a commendable structure with a fully independent board, robust audit oversight, and no reported diversion of assets.
While the organization excels in many areas, there are notable gaps in its policies, specifically the absence of a whistleblower policy and a document retention and destruction policy, which could impact transparency and accountability. Additionally, the organization has not posted its tax form on its website, which may limit public access to important financial information.
The financial health of the Lubbock Symphony Orchestra is reflected in its low liabilities to assets ratio and a reasonable program expense ratio. However, the relatively low score in the program expense category suggests that there is room for improvement in how funds are allocated to programs versus administrative costs. Overall, while the organization has a solid financial foundation, addressing policy gaps will enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Lubbock Symphony Orchestra Inc legitimate?
Lubbock Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lubbock 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: $341,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lubbocksymphony.org
What is the mission statement of Lubbock Symphony Orchestra Inc?
The Lubbock Symphony Orchestra Inc's mission is centered around enriching the broader community. They achieve this by delivering high-quality symphonic performances and educational experiences. The orchestra's purpose is to contribute positively to the community they serve, offering a range of classical, chamber, holiday pops, and special concerts. These events attract over 14,000 attendees annually, providing a significant source of cultural activities in the South Plains region.
Official website here: www.lubbocksymphony.org
What is the revenue of Lubbock Symphony Orchestra Inc?
Lubbock Symphony Orchestra Inc's revenue in 2024 was $2,254,638.
Official website here: www.lubbocksymphony.org
Who are the executives of Lubbock Symphony Orchestra Inc and what are their salaries?
The average compensation at Lubbock Symphony Orchestra Inc during 2024 was $31,573.
Here are 46 key members and their salaries:
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- Compensation: $118,675
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Official website here: www.lubbocksymphony.org
Where can I find the form 990 for Lubbock Symphony Orchestra Inc?
Lubbock Symphony Orchestra Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lubbocksymphony.org
Learn more at the official website: www.lubbocksymphony.org
Mission Statement of Lubbock Symphony Orchestra Inc
Lubbock Symphony Orchestra Inc, a nonprofit organization, is dedicated to enriching its community through quality symphonic performances and educational experiences. This mission is aimed at providing cultural activities for the entire South Plains region, attracting over 14,000 attendees annually. The orchestra's purpose is to enhance the lives of its community members by presenting a variety of concerts, including classical, chamber, and holiday pops performances, as well as special concerts from time to time. These events offer a platform for individuals to engage with and appreciate symphonic music, thereby contributing to a culturally rich environment.
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Impact
July, 2024
The Lubbock Symphony Orchestra Inc's impact is significant in enriching the greater community through quality symphonic performances and educational experiences. With a concert season that includes both classical and chamber series, holiday pops, and special concerts, the orchestra provides cultural activities for the entire South Plains region. Annually, over 14,000 individuals attend these performances, showcasing the orchestra's reach and influence in the community. Through its mission to provide exceptional symphonic music and educational opportunities, the Lubbock Symphony Orchestra contributes to the artistic and cultural growth of Lubbock, Texas, and surrounding areas.
This information is meant to be a general summary of Lubbock 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 2024.
- Investment Income: $458,588
- Program Service Revenue: $785,841
- Gross Receipts: $2,254,638
Assets and Liabilities:
- Total Assets: $6,136,176
- Total Liabilities: $284,269
- Net Assets: $5,851,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKET
Revenue
$726,533
TUITION AND FEES
Revenue
$38,037
PROGRAM ADVERTISING
Revenue
$21,271
Organization Details
Founding Year
1946
Principal Officer
Galen Wixson
Website
www.lubbocksymphony.orgNTEE Category
Code: A690 - Arts
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