Overview
What is Fort Worth Symphony Orchestra Association?
The Fort Worth Symphony Orchestra Association, located in Fort Worth, Texas, is a nonprofit organization dedicated to producing symphonic, pops, summer music festival, and community performances. With approximately 64,000 attendees, they maintain a modified performance schedule to ensure social distancing. Their mission is to perform great symphonic music at the highest level of artistic excellence, educate, entertain, and enhance cultural life. The association also presents engaging music education programs for young people to foster early interest and inspire lifelong enjoyment of music. The organization employs a team of 285 individuals, striving for ever-greater artistic accomplishment and leadership in Fort Worth and beyond.
Official website here: www.fwsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% - Four-Star out of Four Stars
The Fort Worth Symphony Orchestra Association has achieved an exemplary rating of 100% from Charity Navigator, indicating exceptional accountability and financial health. This stellar rating is derived entirely from their strong performance in accountability and finance metrics, showcasing a robust governance structure with 98% independent board members and a sound financial strategy.
Strengths highlighted in their evaluation include a solid program expense ratio of 79.09%, signifying that the majority of their funds are directed toward their mission-related activities. Additionally, their fundraising efficiency is notable, with only $0.08 spent to raise each dollar, which is indicative of effective resource management. The organization also maintains transparency through comprehensive policies related to conflict of interest and whistleblower protections.
While the association demonstrates strong financial health, with low liabilities to assets and a significant working capital ratio, no specific limitations were noted in the data. Overall, the Fort Worth Symphony Orchestra Association stands out as a well-managed nonprofit, committed to excellence in operations and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Worth Symphony Orchestra Association legitimate?
Fort Worth Symphony Orchestra Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Symphony Orchestra 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: $767,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,636,317
For more financial information, click here
Official website here: www.fwsymphony.org
What is the mission statement of Fort Worth Symphony Orchestra Association?
The Fort Worth Symphony Orchestra Association strives to perform symphonic music at the highest level of artistic excellence. Their mission extends beyond entertainment, aiming to educate and enrich cultural life. They are dedicated to presenting engaging music education programs for young people, inspiring a lifelong appreciation for music. The organization works towards ever-greater artistic accomplishment and leadership, both locally and nationally.
Official website here: www.fwsymphony.org
Who is the CEO of Fort Worth Symphony Orchestra Association?
Keith Cerny is the CEO of Fort Worth Symphony Orchestra Association The CEO's salary of Fort Worth Symphony Orchestra Association is $272,451 and their total compensation is $293,571.
Official website here: www.fwsymphony.org
What is the revenue of Fort Worth Symphony Orchestra Association?
Fort Worth Symphony Orchestra Association's revenue in 2023 was $13,596,752.
Official website here: www.fwsymphony.org
Who are the executives of Fort Worth Symphony Orchestra Association and what are their salaries?
The average compensation at Fort Worth Symphony Orchestra Association during 2023 was $16,864. There are 439 employees and 108 volunteers at Fort Worth Symphony Orchestra Association.
Here are 64 key members and their salaries (Fort Worth Symphony Orchestra Association's CEO's salary is $272,451 and their total compensation is $293,571):
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- Compensation: $150,571
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- Other: $9,234
- Compensation: $100,393
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- Other: $728
Official website here: www.fwsymphony.org
Where can I find the form 990 for Fort Worth Symphony Orchestra Association?
Fort Worth Symphony Orchestra Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fwsymphony.org
Learn more at the official website: www.fwsymphony.org
Mission Statement of Fort Worth Symphony Orchestra Association
The Fort Worth Symphony Orchestra Association, a renowned cultural institution, is dedicated to performing symphonic music at the highest level of artistic excellence. This nonprofit organization aims to educate, entertain, and enhance life through the power of music. By presenting engaging programs for young people, the association fosters early interest and inspires lifelong enjoyment of music.
The mission of the Fort Worth Symphony Orchestra Association goes beyond mere entertainment. It strives for ever-greater levels of artistic accomplishment and leadership, not only in Fort Worth but also across the nation. This commitment to excellence is reflected in the organization's commitment to music education, which provides opportunities for young people to develop a deep appreciation for symphonic music. By fostering this love for music in the next generation, the Fort Worth Symphony Orchestra Association ensures that the symphony tradition continues to thrive.
The Fort Worth Symphony Orchestra Association is more than just a performing arts organization. It is a cultural beacon that brings people together through the universal language of music. By providing a platform for world-class musicians and educational programs, the association enriches the lives of individuals and communities. Through its captivating performances and inspiring educational initiatives, the Fort Worth Symphony Orchestra Association continues to make a profound impact on the world of music and beyond.
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Impact
October, 2024
The Fort Worth Symphony Orchestra Association has a significant impact on the cultural landscape of Fort Worth and beyond. Through its diverse programming, the organization offers 33 symphonic concerts, 24 pops performances, 12 summer music festivals, and 2 community performances annually, attracting approximately 64,000 attendees.
The orchestra's commitment to artistic excellence not only educates and entertains but also enhances the quality of life within the community. By presenting engaging music education programs targeted at young audiences, the association cultivates early interest in music, inspiring the next generation and fostering a lifelong appreciation for the arts.
Through these efforts, the Fort Worth Symphony Orchestra Association works to achieve higher levels of artistic accomplishment and leadership, contributing to the cultural enrichment of Fort Worth and establishing its reputation on a national scale.
This information is meant to be a general summary of Fort Worth Symphony Orchestra 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 2023.
- Investment Income: $720,388
- Program Service Revenue: $4,390,598
- Gross Receipts: $13,965,202
Assets and Liabilities:
- Total Assets: $34,443,355
- Total Liabilities: $1,949,009
- Net Assets: $32,494,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SINGLE TICKET SALES
Revenue
$2,444,628
SUBSCRIPTION CONCERTS
Revenue
$1,160,250
EDUCATIONAL CONCERTS
Revenue
$301,570
HANDLING, FACILITY, PA
Revenue
$289,887
ENGAGEMENT FEES
Revenue
$194,263
Organization Details
Founding Year
1929
Principal Officer
Keith Cerny
Website
www.fwsymphony.orgNTEE Category
Code: A690 - Arts
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