Overview
What is Monterey County Symphony Assoc Inc?
Monterey County Symphony Assoc Inc, situated in Carmelbythesea, California, serves as a nonprofit organization dedicated to the appreciation and promotion of symphonic music. Each season, they present major works by renowned composers, alongside lesser-known pieces and contemporary compositions, incorporating popular music that employs symphonic instruments. During the 2021-2022 season, four concert sets, each featuring two performances, were staged at the Sunset Center. Monterey Symphony also hosts an outdoor Pops Concert Series, featuring a mix of family-friendly compositions from various media sources. Their mission includes engaging, educating, and exciting the community through symphonic music performances and continuous discovery. The organization employs a team of 80 individuals, contributing to the cultural enrichment of the region.
Official website here: www.montereysymphony.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Monterey County Symphony Assoc Inc has earned a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization has demonstrated exceptional governance, with a fully independent board and high ratings across various financial metrics. Notably, there were no material diversions of assets, and the organization maintains robust auditing and oversight mechanisms.
Strengths of the organization include a significant program expense ratio of 67.84%, suggesting that a large portion of funds is directed towards its mission-related activities. Furthermore, the fundraising efficiency is impressive, achieving a cost of just $0.05 to raise a dollar, which reflects effective fundraising strategies. Additionally, the organization enjoys a healthy working capital ratio of 9.41 years, indicating long-term financial stability.
While the organization receives high marks for its financial management, the program expense ratio, while solid, could potentially be improved to enhance direct program funding. Overall, the Monterey County Symphony Assoc Inc showcases strong financial practices and governance, positioning it as a reliable choice for donors looking to support arts and culture in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey County Symphony Assoc Inc legitimate?
Monterey County Symphony Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey County Symphony Assoc 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: $219,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $570,846
For more financial information, click here
Official website here: www.montereysymphony.org
What is the mission statement of Monterey County Symphony Assoc Inc?
The Monterey County Symphony Association's mission is to engage, educate, and inspire their community through the performance and continuous exploration of symphonic music. They achieve this by presenting major works by renowned composers, lesser-known pieces by them and their contemporaries, as well as works by living composers and popular music that uses symphonic instrumentation. Furthermore, the organization commissions one new work annually to broaden the symphonic repertoire. During their 2021-2022 season, they presented four concert sets with a total of eight performances at the Sunset Center in Carmel, and offered a family-friendly outdoor Pops Concert Series at the Forest Theatre in Carmel, featuring a variety of compositions from films, musicals, TV shows, and other media.
Official website here: www.montereysymphony.org
Who is the CEO of Monterey County Symphony Assoc Inc?
Bruce Lindsey is the President of Monterey County Symphony Assoc Inc.
Official website here: www.montereysymphony.org
What is the revenue of Monterey County Symphony Assoc Inc?
Monterey County Symphony Assoc Inc's revenue in 2022 was $1,906,795.
Official website here: www.montereysymphony.org
Who are the executives of Monterey County Symphony Assoc Inc and what are their salaries?
The average compensation at Monterey County Symphony Assoc Inc during 2022 was $9,883. There are 80 employees and 25 volunteers at Monterey County Symphony Assoc Inc.
Here are 19 key members and their salaries:
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Official website here: www.montereysymphony.org
Where can I find the form 990 for Monterey County Symphony Assoc Inc?
Monterey County Symphony Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montereysymphony.org
Learn more at the official website: www.montereysymphony.org
Mission Statement of Monterey County Symphony Assoc Inc
Monterey County Symphony Association, known as Monterey Symphony, is committed to engaging, educating, and exciting its community through the performance and continuous discovery of symphonic music. The organization's mission is to bring great composers' major works, lesser-known pieces by them and their contemporaries, works by living composers, and popular music that utilizes symphonic instrumentation to the public. Monterey Symphony not only presents well-known symphonic pieces but also commissions a new work each year, contributing to the ongoing development of symphonic music. The association aims to spark curiosity and enthusiasm in its audience, making symphonic music an integral part of the community's cultural landscape.
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Impact
July, 2024
Monterey County Symphony Assoc Inc, also known as the Monterey Symphony, has a significant impact on the community by engaging, educating, and exciting individuals through the performance and continual discovery of symphonic music. The Symphony produces and presents concerts that showcase a diverse range of works, including major works by great composers, lesser-known works, compositions by living composers, and popular music utilizing symphonic instrumentation. With a mission to enrich the cultural landscape of the region, the Symphony's performances provide audiences with opportunities to experience the beauty and artistry of symphonic music in venues such as the Sunset Center and Forest Theater in Carmel. Through its concert sets and outdoor pops concert series, the Monterey Symphony contributes to the cultural vibrancy of Carmel-by-the-Sea, California, and fosters a deeper appreciation for classical and contemporary symphonic compositions.
This information is meant to be a general summary of Monterey County Symphony Assoc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $749,942
- Program Service Revenue: $193,155
- Gross Receipts: $2,966,333
Assets and Liabilities:
- Total Assets: $18,005,535
- Total Liabilities: $114,553
- Net Assets: $17,890,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT TICKET SALES
Revenue
$193,155
Organization Details
Founding Year
1965
Phone
(831) 646-8511Principal Officer
Bruce Lindsey
Main Address
PO BOX 7130, CARMELBYTHESEA, CA, 93921
Website
www.montereysymphony.orgNTEE Category
Code: A690 - Arts
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