Summit Symphony Orchestra
Nonprofit profile at a glance
- EIN
- 264102781
- IRS 990-EZ coverage
- 2017–2022
- Forms available
- Form 990-EZ 2022
- Location
- Summit, NJ, USA
- Phone
- 9732850359
- Rating confidence
- Limited
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- Null (Null)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Summit Symphony Orchestra is a community orchestra made up primarily of local amateur musicians which presents three or four free concerts of classical music each year. We promote music education through a young artists competition and children's concerts. The bulk of our funding has been provided by FRIENDS OF SUMMIT SYMPHONY INC, a 501(c)(3) organization, EIN 22-3395854. To simplify our structure, effective July 2022, the day-to-day operations of the Symphony were taken over by the Friends and all assets of the Symphony have been transferred to the Friends.
What it reported doing in 2022
The Summit Symphony Orchestra is now operated by Friends of Summit Symphony Inc.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 73
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 33.4% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: -32.4% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -14.1% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2017 to 2022
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.