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Irving Symphony Orchestra Association Inc

Irving Symphony Orchestra Association Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 756085542 ✦ Irving, TX ✦ Designated as a 501(c)(3)

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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.com

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: $105,618
Professional Fundraising Fees: $2,105
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.irvingsymphony.com

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.com

Who is the CEO of Irving Symphony Orchestra Association Inc?

Kathrine Pennington is the Executive Director of Irving Symphony Orchestra Association Inc.


Official website here: www.irvingsymphony.com

What is the revenue of Irving Symphony Orchestra Association Inc?

Irving Symphony Orchestra Association Inc's revenue in 2022 was $514,656.


Official website here: www.irvingsymphony.com

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 2022 was $105,618. There is 1 employee and 55 volunteers at Irving Symphony Orchestra Association Inc.


Here are 20 key members and their salaries:


Kathrine Pennington (Executive Director)
  • Compensation: $63,275
  • Related: $0
  • Other: $0
Hector Guzman (Music Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Zapanta (President-Us-Mexico Educational Foundation)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mazon Hultz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Beach (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Boyce (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Reichelt (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bettis (Parliamentarian)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sunny Bettis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lindsey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marguerite Kormas (President Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Basoco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George P Cole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Dunn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Dunn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Perelman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Shema (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Soto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Susat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.irvingsymphony.com

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 2022 and can be accessed here.


Official website here: www.irvingsymphony.com

Learn more at the official website: www.irvingsymphony.com

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.

Revenue
$514,656 (2022)
Expenses
$473,082 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $44,115
  • Gross Receipts: $514,656

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.

SUBCRIPTION CONCERT

Revenue

$54,292

SPECIAL EVENTS

Revenue

-$10,177

Organization Details

Founding Year

1962

Principal Officer

Kathrine Pennington

Main Address

225 E John Carpenter Freeway, Irving, TX, 75062

NTEE Category

Code: A69Z - Arts

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