Overview
What is Anchorage Symphony Orchestra?
The Anchorage Symphony Orchestra, based in Anchorage, Alaska, serves as a vital cultural entity in the area. With a team of 21 dedicated individuals, this nonprofit organization is committed to fostering and promoting symphonic music. Due to the constraints imposed by the COVID-19 pandemic in the fiscal year 2021, the orchestra shifted their concert productions online, opting to stream performances instead of selling tickets for live performances. Despite these challenges, the Anchorage Symphony Orchestra continues to uphold their mission of supporting and showcasing symphonic music within their community.
Official website here: www.anchoragesymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating. The Anchorage Symphony Orchestra has received a low score, indicating potential concerns regarding its accountability and financial practices. While the organization boasts an independent board consisting entirely of 26 members and shows no material diversion of assets, it faces significant challenges in other areas.
Strengths include full compliance with the requirement to list its website on tax forms and the maintenance of board meeting minutes, which suggests some level of operational transparency. However, the organization has not implemented important policies such as conflict of interest, whistleblower, and document retention, which have negatively impacted its accountability score.
The program expense ratio of 61.58% suggests that a reasonable portion of the funds is directed toward its mission-driven activities, but the overall rating may deter potential donors looking for a more transparent and accountable organization. The lack of essential policies raises questions about governance and risk management that the Anchorage Symphony Orchestra will need to address moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Anchorage Symphony Orchestra legitimate?
Anchorage Symphony Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchorage Symphony Orchestra 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: $249,955
For more financial information, click here
Official website here: www.anchoragesymphony.org
What is the mission statement of Anchorage Symphony Orchestra?
The Anchorage Symphony Orchestra's mission is centered around supporting, producing, and promoting symphonic music. Their primary objective is to foster an environment where symphonic music thrives in the relevant area. In line with this mission, they produce concerts and actively promote symphonic music. Due to the COVID-19 restrictions in their fiscal year 2021, the Anchorage Symphony Orchestra shifted their approach and streamed all their concerts online, foregoing ticket sales for live performances.
Official website here: www.anchoragesymphony.org
What is the revenue of Anchorage Symphony Orchestra?
Anchorage Symphony Orchestra's revenue in 2023 was $1,087,871.
Official website here: www.anchoragesymphony.org
Who are the executives of Anchorage Symphony Orchestra and what are their salaries?
The average compensation at Anchorage Symphony Orchestra during 2023 was $6,249. There are 40 employees and 50 volunteers at Anchorage Symphony Orchestra.
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Official website here: www.anchoragesymphony.org
Where can I find the form 990 for Anchorage Symphony Orchestra?
Anchorage Symphony Orchestra's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.anchoragesymphony.org
Learn more at the official website: www.anchoragesymphony.org
Mission Statement of Anchorage Symphony Orchestra
The Anchorage Symphony Orchestra, as a nonprofit organization, is committed to supporting, producing, and promoting symphonic music within the Anchorage area. Their mission is multifaceted, encompassing the creation of concerts and the promotion of symphonic music in the local community. Despite the challenges posed by COVID-19 restrictions in the 2020-2021 financial year, the Anchorage Symphony Orchestra adapted by streaming all its concerts online, foregoing ticket sales for live performances. This innovative approach allowed the orchestra to continue sharing the beauty of symphonic music with its audience, albeit in a virtual setting.
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Impact
July, 2024
The Anchorage Symphony Orchestra plays a crucial role in supporting, producing, and promoting symphonic music in the Anchorage area. Despite the challenges posed by COVID-19 restrictions in FY21, the orchestra adapted by streaming all its concerts online, ensuring that the music continued to reach audiences. This innovative approach not only maintained engagement with existing patrons but also expanded the reach of the orchestra's performances to a broader online audience.
The impact of the Anchorage Symphony Orchestra extends beyond the entertainment value it provides. By presenting high-quality symphonic music, the orchestra contributes to the cultural enrichment of the community. It also supports local musicians, composers, and artists, creating opportunities for them to showcase their talent and creativity. Additionally, through its educational outreach programs, the orchestra helps cultivate an appreciation for classical music among the next generation of music enthusiasts.
Overall, the Anchorage Symphony Orchestra serves as a vibrant cultural hub in Anchorage, enriching the community's artistic landscape and fostering a love for symphonic music among residents and beyond.
This information is meant to be a general summary of Anchorage Symphony Orchestra. 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 2023.
- Investment Income: $14,968
- Program Service Revenue: $338,454
- Gross Receipts: $1,244,330
Assets and Liabilities:
- Total Assets: $987,987
- Total Liabilities: $175,733
- Net Assets: $812,254
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$276,013
CONTRACTED SERVICES
Revenue
$55,100
PROGRAM ADVERTISING & OTHER
Revenue
$7,341
Organization Details
Founding Year
1950
Principal Officer
Walter Featherly
Website
www.anchoragesymphony.orgNTEE Category
Code: A690 - Arts
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