Reno Philharmonic

What it reported doing in 2024

As a federally registered 501(c)(3) nonprofit organization in the state of Nevada, the reno phil engages an active board of trustees, staff, volunteers, patrons, donors, sponsors, partner organizations and thecommunity to ensure that it will thrive through future generations.the reno phil is a resident company of the pioneer center for theperforming arts in reno, nv. The flagship of the reno phil concertoffering is a six-concert classical musical series, classix, performedon saturday evenings and sunday afternoons at the pioneer center. Musicdirector and conductor laura jackson invites guest soloists of localand international acclaim. She thoughtfully selects programming thatwill inspire and challenge both the audience and the orchestra, balancing traditional with contemporary.the reno phil also offers four performances of spirit of the season, avariety-show-like holiday concert conducted by dr. Jason altieri indecember, a free and open to the public family concert in september, two general admission youth orchestra showcases, various recitals andensemble performances, and a summer season that includes and variety ofconcerts and events including the ever-popular salute to the 4th ofjuly, pops on the river, bravo on the beach and others at both indoorand outdoor venues.an award winning and diverse education department continues to gainnational recognition with its four youth orchestras, a series of youngpeople's concerts performed throughout the school year, the renophilharmonic association kids (rpak) after school music instruction program and the discover music program which program which brings musicensembles into schools.the reno philharmonic began in 1969, with the first public performanceon august 3rd at the pioneer center for the performing arts. The fourthconductor in the orchestra's history, laura jackson joined the renophil for the 2009-2010 season. Since then, she continues to captivateaudiences, win praise and gain local, national and internationalrecognition for her inspiring leadership, innovative programming andpassionate community engagement. Recent highlights include the worldpremieres of transcend, commemorating the completion of thetranscontinental railroad and chesapeake: summer of 1814, anunforgettable commission to celebrate the 200th anniversary of the starspangled banner, as well as the commission and recording of thefirst-ever full orchestral and choral arrangements of Nevada's statesong home means Nevada as a gift to the state in honor of itssesquicentennial.

Financial Efficiency

• Mission deployment rate: 78.7%; rating input score 79
• Program expense ratio: 79%; rating input score 79
• Fundraising efficiency: $4.93 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • 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: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 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: 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: 0.8%; rating input score 37; 37th percentile among comparable filings
• Total-asset coverage ratio: 0.46; rating input score 16; 16th percentile among comparable filings
• Liabilities to assets ratio: 0.34; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 6.7%; rating input score 43; 43rd percentile among comparable filings

Growth

• Program expense growth: 6.3% per year; rating input score 100; 47th percentile among comparable filings
• Revenue growth: 6.3% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 6.5% per year; rating input score 100; 42nd percentile among comparable filings