Overview
What is The Bakersfield Symphony Orchestra Endowment Foundation?
The Bakersfield Symphony Orchestra Endowment Foundation is a nonprofit organization situated at 136 Allen Road, Suite 100-1088, Bakersfield, California. Their primary purpose is to champion musical awareness, achieving this objective through the Bakersfield Symphony Orchestra. The foundation's mission is to support and promote this orchestra, thereby fostering an appreciation for classical music within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50% (One-Star out of Four Stars)
The Bakersfield Symphony Orchestra Endowment Foundation has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The organization has not demonstrated a commitment to governance, as evidenced by the complete lack of independent board members and missing policies that are typically vital for nonprofit transparency, such as a conflict of interest policy and a whistleblower policy.
Despite its governance weaknesses, the foundation shows a strong program expense ratio of 88.82%, suggesting that a substantial majority of its funds are directed toward its programs. Additionally, there are no reported material diversions of assets, which is a positive indicator of financial integrity. However, the absence of essential governance documents further highlights the need for improvement in the organization's operational transparency.
Overall, while the Bakersfield Symphony Orchestra Endowment Foundation successfully allocates most of its resources to programs, it must address its governance shortcomings to enhance its accountability and build trust with stakeholders. The lack of basic policies and independent oversight is a significant area for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is The Bakersfield Symphony Orchestra Endowment Foundation legitimate?
The Bakersfield Symphony Orchestra Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bakersfield Symphony Orchestra Endowment Foundation 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.
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What is the mission statement of The Bakersfield Symphony Orchestra Endowment Foundation?
The Bakersfield Symphony Orchestra Endowment Foundation's mission is centered around promoting musical awareness. They achieve this by supporting the Bakersfield Symphony Orchestra, aiming to raise awareness and appreciation for classical music. By doing so, they contribute to the broader musical community, fostering a deeper understanding and enjoyment of classical music. Their efforts are geared towards enriching the cultural landscape and providing opportunities for musical engagement.
What is the revenue of The Bakersfield Symphony Orchestra Endowment Foundation?
The Bakersfield Symphony Orchestra Endowment Foundation's revenue in 2024 was $191,351.
Who are the executives of The Bakersfield Symphony Orchestra Endowment Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Bakersfield Symphony Orchestra Endowment Foundation?
The Bakersfield Symphony Orchestra Endowment Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Bakersfield Symphony Orchestra Endowment Foundation
The Bakersfield Symphony Orchestra Endowment Foundation, in its mission, aims to foster an awareness of classical music. This nonprofit organization works closely with the Bakersfield Symphony Orchestra to achieve this goal. By promoting musical awareness, the foundation seeks to enrich the lives of individuals and communities, inviting them to engage with and appreciate the beauty and complexity of classical music.
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Impact
October, 2024
The Bakersfield Symphony Orchestra Endowment Foundation significantly enhances the cultural landscape of Bakersfield by promoting musical awareness and supporting the Bakersfield Symphony Orchestra. Through its efforts, it raises awareness of classical music, fostering appreciation among diverse audiences in the community. This initiative helps to ensure that classical music remains accessible and relevant, encouraging participation in the arts and enriching the local cultural environment. By empowering the symphony to deliver high-quality performances and educational programs, the foundation plays a vital role in cultivating a vibrant arts scene in Bakersfield.
This information is meant to be a general summary of The Bakersfield Symphony Orchestra Endowment Foundation. 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: $64,822
- Gross Receipts: $1,523,711
Assets and Liabilities:
- Total Assets: $2,432,101
- Total Liabilities: $0
- Net Assets: $2,432,101
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Organization Details
Founding Year
1993
Principal Officer
James A Bell
NTEE Category
Code: A69 - Arts
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