Omaha Symphony Association
Nonprofit profile at a glance
- EIN
- 476039304
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Omaha, NE, USA
- Phone
- 4023423836
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $10,659,628
- Expenses
- $10,488,808
- Assets
- $77,263,913
- Liabilities
- $1,751,778
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- JENNIFER B DAOUD (EX OFFICIO, PRESIDENT AND CEO)
Highest reported compensation
- JENNIFER B DAOUD (EX OFFICIO, PRESIDENT AND CEO): $307,003 total reported compensation
- KYRA HANSEN (CHIEF OPERATING OFFICER): $113,795 total reported compensation
- BRETT HODGE (EX OFFICIO, MUSICIAN REPRESENTATIVE): $55,318 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich people's lives through the exhilarating experience of live orchestral music. We do this through passionate pursuit of excellence and integrity in all we do; deep commitment to education with the communities we serve; and collaboration among people and organizations committed to sustaining the omaha symphony's mission.
What it reported doing in 2024
Omaha symphony education and community engagement programs served more than 70,000 individuals throughout the greater omaha metro area, the state of Nebraska, western Iowa, and beyond. Deeply committed to its educational endeavors, in any given season 30% of the orchestra's services are dedicated to education, community engagement, and family concert experiences. The omaha symphony provided educational programs annually for students aged pre-k through high school. Adult education programs include pre-concert lectures and conducting seminars for music educators.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 79
- Accountability: 98
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.3%; rating input score 87
- Program expense ratio: 86.6%; rating input score 87
- Fundraising efficiency: $8.66 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.7%; rating input score 96; 29th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 7.37; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 9.1% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 87.3% of revenue deployed · 86.6% of spending went to programs
- Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $9.1M in reported program spending
- Leadership: top reported pay $307K · 26 people listed · 3 of 6 pay-setting controls reported
- Consistency: 35 of 35 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.