Overview
What is Seattle Symphony Foundation?
The Seattle Symphony Foundation, established with a PO Box address in Seattle, Washington, is a dedicated nonprofit organization that primarily aids and supports the Seattle Symphony Orchestra and Benaroya Hall Music Center endowments. As outlined in its articles of incorporation, a portion of its endowment's value is annually distributed to the Seattle Symphony Orchestra to bolster its operations. In 2019, the foundation introduced a new endowment fund specifically for Benaroya Hall. In 2022, the foundation board approved a distribution to Benaroya Hall totaling 5% of a 36-month rolling average of the endowment value. The Seattle Symphony Foundation's main objective is to contribute to the financial well-being of these two esteemed institutions, ensuring their continued success and impact in the community.
Official website here: www.seattlesymphony.org
Is Seattle Symphony Foundation legitimate?
Seattle Symphony Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Symphony 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,000
For more financial information, click here
Official website here: www.seattlesymphony.org
What is the mission statement of Seattle Symphony Foundation?
The Seattle Symphony Foundation's primary objective is to aid and support the operations of the Seattle Symphony Orchestra and the Benaroya Hall Music Center. This support is primarily provided through the distribution of funds from its endowments. According to its articles of incorporation, up to 7.5% of the 36-month rolling average of the endowment value can be distributed annually to the Seattle Symphony Orchestra. In 2019, the foundation established a new endowment fund specifically for Benaroya Music Hall. In 2022, the foundation board approved a distribution to Benaroya Hall, amounting to 5% of the rolling 36-month average of the endowment value. The mission of the Seattle Symphony Foundation is to contribute to the continued success and growth of these musical institutions.
Official website here: www.seattlesymphony.org
Who is the CEO of Seattle Symphony Foundation?
Michael Slonski is the Chair of Seattle Symphony Foundation. The CEO's salary of Seattle Symphony Foundation is $0 and their total compensation is $618,787.
Official website here: www.seattlesymphony.org
What is the revenue of Seattle Symphony Foundation?
Seattle Symphony Foundation's revenue in 2022 was $3,508,429.
Official website here: www.seattlesymphony.org
Who are the executives of Seattle Symphony Foundation and what are their salaries?
There 14 volunteers at Seattle Symphony Foundation.
Here are 13 key members and their salaries (Seattle Symphony Foundation's CEO's salary is $0 and their total compensation is $618,787):
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- Related: $571,322
- Other: $47,465
- Compensation: $0
- Related: $238,688
- Other: $47,364
Official website here: www.seattlesymphony.org
Where can I find the form 990 for Seattle Symphony Foundation?
Seattle Symphony Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seattlesymphony.org
Learn more at the official website: www.seattlesymphony.org
Mission Statement of Seattle Symphony Foundation
The Seattle Symphony Foundation, as outlined in its mission, is dedicated to aiding and supporting the Seattle Symphony Orchestra and the Benaroya Hall Music Center endowments. This nonprofit organization's primary objective is to ensure the financial stability and operational success of these esteemed entities. To achieve this, the Foundation distributes a portion of its endowment value annually, up to 7.5%, to the Seattle Symphony Orchestra. In 2019, the Foundation expanded its support by establishing a new endowment fund specifically for Benaroya Music Hall. More recently, in 2022, the Foundation Board approved a distribution to Benaroya Hall, amounting to 5% of a rolling 36-month average of the endowment value. In this capacity, the Seattle Symphony Foundation plays a crucial role in safeguarding and enhancing the artistic and cultural offerings provided by the Seattle Symphony Orchestra and Benaroya Hall Music Center.
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Impact
October, 2024
The Seattle Symphony Foundation significantly enhances the cultural landscape of Seattle by providing crucial financial support to the Seattle Symphony Orchestra and Benaroya Hall. Through its endowment management, the foundation ensures that up to 7.5% of the rolling average of its endowment value is allocated annually to support the operations of the orchestra, allowing it to maintain high standards of artistic excellence and community engagement.
In 2019, the foundation further expanded its impact by establishing a new endowment fund specifically for Benaroya Hall, which serves as a premier venue for a wide range of performances. This initiative reflects a commitment to fostering a vibrant arts community within the region. In 2022, the foundation's board approved a distribution to Benaroya Hall, amounting to 5% of the rolling average of its endowment, reinforcing the foundation's ongoing support for this essential cultural institution.
By strategically managing its resources and directing funds towards operational and artistic needs, the Seattle Symphony Foundation plays a pivotal role in ensuring the sustainability and continued success of the Symphony and its associated venues, enriching Seattle's artistic community and enhancing the cultural experience for residents and visitors alike.
This information is meant to be a general summary of Seattle Symphony 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 2022.
- Investment Income: $1,837,028
- Gross Receipts: $3,508,429
Assets and Liabilities:
- Total Assets: $41,683,868
- Total Liabilities: $179,027
- Net Assets: $41,504,841
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Organization Details
Founding Year
1986
Phone
(206) 215-4700Principal Officer
Michael Slonski
Main Address
PO BOX 21906, SEATTLE, WA, 981113906
Website
www.seattlesymphony.orgNTEE Category
Code: A69I - Arts
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