Overview
What is Irving Symphony Orchestra Association Inc?
Irving Symphony Orchestra Association Inc, located at 225 E John Carpenter Freeway in Irving, Texas 75062, is a nonprofit organization dedicated to offering musically enriching experiences for the local community and its surrounding areas. With a minimal staff of one, this association provides six subscription concerts that blend entertainment and music education, catering to concert-goers' appreciation for professional performances. Their mission is to deliver artistically gratifying musical programs, contributing to the cultural landscape of Irving and its environs.
Official website here: www.irvingsymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Irving Symphony Orchestra Association Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 83% primarily based on its Accountability & Finance metrics. This rating indicates that the organization demonstrates a good level of transparency and financial health, which is essential for a nonprofit's credibility. The evaluation was influenced by the absence of key policies, such as a Conflict of Interest Policy and Whistleblower Policy, which could enhance its governance practices.
One of the organization's strengths lies in its independent governance, with 100% of its board members being independent, which fosters objectivity in decision-making. The financial structure is also commendable, with a program expense ratio of 90.82%, showing that a significant portion of funds is directed towards its programmatic activities. Additionally, the organization has effectively maintained a low liabilities to assets ratio of 50.90%, indicating prudent financial management.
However, the lack of essential policies like a Conflict of Interest Policy and Whistleblower Policy may hinder its accountability framework. Furthermore, the absence of the tax form on the nonprofit's website could limit transparency for potential donors and stakeholders. These areas for improvement could enhance the organization's standing and instill greater confidence among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Irving Symphony Orchestra Association Inc legitimate?
Irving Symphony Orchestra Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Irving Symphony Orchestra Association 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: $0
Professional Fundraising Fees: $2,181
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.irvingsymphony.org
What is the mission statement of Irving Symphony Orchestra Association Inc?
The Irving Symphony Orchestra Association Inc's mission is to offer artistically enriching professional musical and educational experiences to the community beyond Irving. Their primary goal is to cater to the entertainment and educational needs of the local population and its surrounding areas. Through their activities, they present six subscription concerts, providing an opportunity for attendees to enjoy music and gain musical knowledge.
Official website here: www.irvingsymphony.org
What is the revenue of Irving Symphony Orchestra Association Inc?
Irving Symphony Orchestra Association Inc's revenue in 2024 was $539,896.
Official website here: www.irvingsymphony.org
Who are the executives of Irving Symphony Orchestra Association Inc and what are their salaries?
The average compensation at Irving Symphony Orchestra Association Inc during 2024 was $105,618. There 50 volunteers at Irving Symphony Orchestra Association Inc.
Here are 22 key members and their salaries:
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Official website here: www.irvingsymphony.org
Where can I find the form 990 for Irving Symphony Orchestra Association Inc?
Irving Symphony Orchestra Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.irvingsymphony.org
Learn more at the official website: www.irvingsymphony.org
Mission Statement of Irving Symphony Orchestra Association Inc
The Irving Symphony Orchestra Association Inc is dedicated to delivering artistically engaging and educational musical experiences to the community residing in Irving and its surrounding regions. Their primary mission is to provide top-tier professional musical performances that cater to the entertainment needs and educational interests of their audience. The organization strives to achieve this goal through six subscription concerts, ensuring a diverse range of musical styles and educational opportunities for concert attendees.
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Impact
July, 2024
Irving Symphony Orchestra Association Inc provides artistically satisfying professional musical and educational programs for the people of Irving and the surrounding region. Through their six subscription concerts, they offer entertainment and music education to concert attendees, enhancing the cultural landscape of the community. Their impact is felt through the enrichment of the arts scene in Irving, Texas, and the fostering of a greater appreciation for classical music in the region.
This information is meant to be a general summary of Irving Symphony Orchestra Association 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: $751
- Program Service Revenue: $102,889
- Gross Receipts: $539,896
Assets and Liabilities:
- Total Assets: $69,559
- Total Liabilities: $26,101
- Net Assets: $43,458
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Individual and season tickets
Revenue
$76,387
Special events
Revenue
-$2,322
Miscellaneous income
Revenue
$13,924
Sponsorships
Revenue
$14,900
Organization Details
Founding Year
1962
Principal Officer
Kathrine Pennington
Website
www.irvingsymphony.orgNTEE Category
Code: A69Z - Arts
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