Overview
What is Spokane Symphony Society?
Spokane Symphony Society is a prominent nonprofit organization situated in Spokane, Washington, with an address at 818 W Riverside Mezzanine, 99201. Known for enriching and transforming lives through music, the society presents approximately 60 concerts annually and over 500 educational events, in addition to operating a historic theater. This venue welcomes touring groups and serves as a venue for various concerts, educational, and community events by local organizations. With a reach of approximately 150,000 individuals annually, the Spokane Symphony Society and its historic Fox Theater embody a commitment to providing high-quality orchestral performances and education in the Inland Northwest. The nonprofit employs a team of 277 individuals.
Official website here: www.spokanesymphony.org
What are the reviews and ratings of this charity?
92% rating from Charity Navigator indicates that Spokane Symphony Society has achieved a Four-Star out of Four Star rating, reflecting a high level of accountability and financial health. This commendable rating is based entirely on its Accountability & Finance score, which signifies strong governance and transparency in its operations.
The organization demonstrates strengths in several key areas, including a fully independent board and excellent financial oversight practices. With a program expense ratio of 74.25%, the majority of its expenditures are allocated towards its programs, indicating a commitment to its mission. Additionally, the absence of material diversion of assets and a favorable liabilities to assets ratio contribute to a stable financial position.
However, the organization has some limitations, notably the absence of a whistleblower policy and a document retention and destruction policy, both of which are marked as missing. Despite these areas for improvement, the Spokane Symphony Society maintains a strong reputation based on its financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Spokane Symphony Society legitimate?
Spokane Symphony Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spokane Symphony Society 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: $292,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,729,231
For more financial information, click here
Official website here: www.spokanesymphony.org
What is the mission statement of Spokane Symphony Society?
The Spokane Symphony Society's mission is centered around enriching and transforming lives through music. They are committed to delivering high-quality orchestral performances and providing education in the field. To achieve this, they present numerous concerts and educational events annually, and they also operate a historic theater that hosts touring groups and serves as a venue for various community events. In total, the society's reach extends to approximately 150,000 individuals annually, enriching their lives with the power of music.
Official website here: www.spokanesymphony.org
Who is the CEO of Spokane Symphony Society?
Weiling Zhu is the Chief Financial Officer of Spokane Symphony Society.
Official website here: www.spokanesymphony.org
What is the revenue of Spokane Symphony Society?
Spokane Symphony Society's revenue in 2022 was $6,938,735.
Official website here: www.spokanesymphony.org
Who are the executives of Spokane Symphony Society and what are their salaries?
The average compensation at Spokane Symphony Society during 2022 was $7,298. There are 277 employees and 100 volunteers at Spokane Symphony Society.
Here are 28 key members and their salaries:
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- Compensation: $108,476
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- Other: $28,872
Official website here: www.spokanesymphony.org
Where can I find the form 990 for Spokane Symphony Society?
Spokane Symphony Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spokanesymphony.org
Learn more at the official website: www.spokanesymphony.org
Mission Statement of Spokane Symphony Society
The Spokane Symphony Society, a distinguished organization, is dedicated to enriching and transforming lives through the power of music. Their primary mission is to provide top-notch, professional orchestral performances for the benefit of the Inland Northwest community. To accomplish this, the society owns and operates the historic Fox Theater, which serves as a platform for not only their concerts but also for educational and community events hosted by other local organizations. Annually, the Spokane Symphony Society presents over 60 concerts and more than 500 educational events, reaching approximately 150,000 individuals. This vibrant organization plays a significant role in bringing music and its transformative power to a wide audience, thereby contributing to the cultural and intellectual growth of the community.
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Impact
July, 2024
The Spokane Symphony Society's impact is far-reaching, enriching, and transforming lives through music. The organization presents 60 concerts and over 500 education events annually, serving approximately 150,000 people. Additionally, it operates the historic Fox Theater, hosting touring groups and providing space for concerts, educational programs, and community events by other organizations. The Spokane Symphony Society's dedication to providing high-quality orchestral performances and education in the Inland Northwest embodies their mission of enriching and transforming lives through music.
This information is meant to be a general summary of Spokane Symphony Society. 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 2022.
- Program Service Revenue: $1,878,694
- Gross Receipts: $6,938,735
Assets and Liabilities:
- Total Assets: $28,948,844
- Total Liabilities: $5,682,018
- Net Assets: $23,266,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUE
Revenue
$1,712,126
HISTORIC PRESERVATION FEES
Revenue
$148,599
Organization Details
Founding Year
1945
Phone
(509) 326-3136Principal Officer
Weiling Zhu
Main Address
818 W RIVERSIDE MEZZANINE, SPOKANE, WA, 99201
Website
www.spokanesymphony.orgNTEE Category
Code: A690 - Arts
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