Orlando Philharmonic Plaza Foundation Inc

Nonprofit profile at a glance

EIN
463138469
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Orlando, FL, USA
Phone
4078966700
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$2,796,839
Expenses
$2,511,823
Assets
$7,888,542
Liabilities
$1,054,849

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JOANNE GRANT (PRESIDENT)
  • DAVID SCHILLHAMMER (VICE PRESIDENT)

People named in this filing

  • JOANNE GRANT (PRESIDENT)
  • DAVID SCHILLHAMMER (VICE PRESIDENT)
  • SUSIE DYER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The orlando philharmonic plaza foundation, inc. (the organization") is a Florida nonprofit corporation recently formed. The organization has been established and is to be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended from time to time (the "code"). The organization shall at all times be operated exclusively for the benefit of, to perform the functions of, or to carry out the charitable and educational purposes of a class of "qualified organizations" described in code section 501(c)(3) and code section 509(a)(1) or (2) that are engaged in the performing arts in the orlando, Florida area. The organization shall promote the growth and appreciation of music and other performing arts by engaging in various activities, including, without limitation, providing contributions and other resources to qualified organizations engaged in the performing arts in the orlando, Florida area. Specifica

What it reported doing in 2024

The plaza live theatre: a new era for the philharmonic the orlando philharmonic is perhaps the first american orchestra to use a contemporary music venue as a way to reach new audiences and sustain the organization. Our new plaza home gives us an opportunity to expand our programming as well as provide needed facilities: an improved venue for smaller philharmonic concerts, an appropriate rehearsal facility for the orchestra, adequate office, storage and music library space, and free parking.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 69
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.5%; rating input score 89
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.2%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 3.14; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 13.7% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 89.5% of revenue deployed · 100% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.