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MEMPHIS SYMPHONY ORCHESTRA INC Organization Name provided in the GuideStar Exchange* as of 05/14/2015: MEMPHIS SYMPHONY ORCHESTRA INC

Organization Name as listed in the IRS Business Master File as of 05/11/2015: MEMPHIS SYMPHONY ORCHESTRA INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.

 
Memphis, TN
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GuideStar Summary

&1002; GuideStar Exchange Committed to transparency ?
This organization is a Silver-level GuideStar Exchange participant, demonstrating its commitment to transparency.

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is not available
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Basic Organization Information

MEMPHIS SYMPHONY ORCHESTRA INC Organization Name provided in the GuideStar Exchange* as of 05/14/2015: MEMPHIS SYMPHONY ORCHESTRA INC

Organization Name as listed in the IRS Business Master File as of 05/11/2015: MEMPHIS SYMPHONY ORCHESTRA INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Physical Address: Memphis, TN 38117 
EIN: 62-6015885
Web URL: www.memphissymphony.org 
NTEE Category: A Arts, Culture, and Humanities
A69 Symphony Orchestras
None
Ruling Year: 1956 


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Mission Statement

The Memphis Symphony orchestra strives to create meaningful experiences through music.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses

(GuideStar Exchange,
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May 2015)

Fiscal Year Starting: July 1, 2013
Fiscal Year Ending: June 30, 2014

Total Revenue --
Total Expenses --

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership

(GuideStar Exchange,
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May 2015)

Mr. Ryan Fleur

Term:

Since July 2003

Board Chair (GuideStar Exchange,
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May 2015)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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May 2015)

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Board Leadership Practices (GuideStar Exchange,
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May 2015)
?

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in May 2015

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Programs

Program: Family Tunes & Tales (GuideStar Exchange,
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May 2015)

Budget:
$71,720
Category:
Youth Development
Population Served:
Children Only (5 - 14 years)
Infants/Babies (under age 5)

Program Description:

Free to the Public at neighborhood libraries, Family Tunes and Tales provides musical experiences based on children's literature to pre-school / elementary-age children and their families. Each event offers a storybook reading, a musical performance that integrates the literary selection, and a volunteer-led craft activity to reinforce learning and provide a charming take-away item. Performances will be scheduled on Saturday mornings and Tuesday afternoons in a mix of six urban, suburban, and rural libraries in the Memphis-area. Reading / performances last 30 -- 45 minutes and craft activities absorb another 20 -- 30 minutes. Each concert will be based on one children's book, with musicians and a narrator telling the story through music. Five ensembles will visit each of the six libraries to present a total of 30 performances where children attending all concerts in the series will experience all instrument families in the orchestra -- strings, brass, winds and percussion -- and learn how composers use music to tell stories.

Program Long-Term Success:

Family-geared performing arts programs – especially music – result in many social benefits. They strengthen families, regardless of actual make-up, and reach single parent, step, foster and extended families as effectively as they reach traditional, nuclear families. Interaction with the arts and the acquisition of an arts vocabulary allows families to share new insight and establish valuable communication processes.

Program Short-Term Success:

The MSO's main goal of the Family Tunes and Tales library concert series is to provide elementary children with culturally enriching, educational experiences outside of school. Children are introduced to reading and music as participatory activities that engage multiple senses; librarians and their facilities are recognized as sources of learning and fun; and children share rich cultural experiences as a community.

Program Success Monitored by:

The MSO uses a variety of performance metrics (e.g., audience head counts, library focus groups, musician / librarians surveys, etc.) the MSO has measured project success at multiple levels and is expanding the project to match perceived need. All Family Tunes and Tales activities are monitored to ensure they remain appropriate and effective for the child / family audience. Measurements include: participant surveys, size and scope of audienece, peer review of musicians, and others.

Program Success Examples:

The program has already reached a great number of children of different backgrounds and introduced them to a new artform. Additionally, the overwhelming support and enthusiasm for the continuation of the program by the participating libraries are immediate signs of success.
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Impact Summary from the Nonprofit

This organization has not provided an impact summary.
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Reviews

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