Overview
What is Downey Symphonic Society Inc?
Downey Symphonic Society Inc is a nonprofit organization that is dedicated to nurturing a love for music and arts in grade school children. They achieve this through symphonic concert performances, serving as an introduction to finer musical aspects for these young individuals. The society conducts public events as part of its programming, aiming to foster an appreciation for these artistic domains.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Very poor (35%, Zero-Star out of Four Star rating)
The Downey Symphonic Society Inc has received a very poor rating on Charity Navigator, primarily due to significant shortcomings in governance and transparency. While the organization scored 100% in accountability and finance, it has no independent board members and lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention protocols. Additionally, their website does not list important documents, which raises concerns about their operational transparency.
A positive aspect of the organization is its program expense ratio, which stands at an impressive 93.80%. This indicates that a substantial portion of their budget is allocated directly to program services, suggesting a commitment to their mission. However, the high liabilities to assets ratio of 151.22% is a worrying indicator of financial stability.
In summary, while the Downey Symphonic Society demonstrates a strong commitment to funding its programs, its lack of independent oversight and essential governance policies highlights significant risks. Prospective donors or supporters may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Downey Symphonic Society Inc legitimate?
Downey Symphonic Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downey Symphonic Society 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:
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Other Salaries and Wages: $133,228
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What is the mission statement of Downey Symphonic Society Inc?
The Downey Symphonic Society Inc has a mission to present symphonic concert performances for grade school children. This objective is aimed at fostering a appreciation for fine music and the arts within these young individuals. Through these concerts, the society aims to inspire a love for symphonic music, thereby cultivating a deeper understanding and enjoyment of this art form. The society's programs also include public symphonic concert performances.
Who is the CEO of Downey Symphonic Society Inc?
Anthoney Crespo is the President of Downey Symphonic Society Inc.
What is the revenue of Downey Symphonic Society Inc?
Downey Symphonic Society Inc's revenue in 2022 was $48,177.
Who are the executives of Downey Symphonic Society Inc and what are their salaries?
There 200 volunteers at Downey Symphonic Society Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Downey Symphonic Society Inc?
Downey Symphonic Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downey Symphonic Society Inc
The Downey Symphonic Society Inc is dedicated to providing symphonic concert performances for grade school children. Their mission is to cultivate an appreciation for fine music and the arts within these young individuals. By organizing public symphonic concerts, the society aims to foster a taste for these artistic expressions in the children who attend.
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Impact
August, 2024
Downey Symphonic Society Inc's impact lies in providing symphonic concert performances for grade school children, enabling them to cultivate an appreciation for fine music and the arts. By offering these programs, the society contributes to the cultural enrichment and educational development of young individuals in the community. Through their efforts, Downey Symphonic Society Inc plays a vital role in fostering a love for music and the arts among a new generation of audiences.
This information is meant to be a general summary of Downey Symphonic Society 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.
- Gross Receipts: $48,177
Assets and Liabilities:
- Total Assets: $10,991
- Total Liabilities: $16,622
- Net Assets: -$5,631
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Organization Details
Founding Year
1959
Phone
(562) 861-8507Principal Officer
Anthoney Crespo
Main Address
P O BOX 763, DOWNEY, CA, 90241
NTEE Category
Code: A69 - Arts
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