Vancouver Symphony Society
Vancouver, BC V6B 0G4
President & CEO: Jeff Alexander
Board Chair: Fred Withers
Charitable Reg. #: 11928 2283 RR0001
Grade: C-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #31
Avg. Compensation $62,682
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||4|
|$40k - $80k||5|
About Vancouver Symphony Society:
Founded in 1919, The Vancouver Symphony Society operates as Vancouver Symphony Orchestra (VSO). VSO’s mission is to enrich the quality of life and to bring prestige to Vancouver, British Columbia and Canada through the presentation of high-quality performances of classical and popular music, and the delivery of education and community programs.
In F2012, VSO performed over 140 concerts with a total attendance of 200,000. VSO opened its VSO School of Music in 2011. Through its educational and community programs, VSO reached over 50,000 children with a mission to develop and offer symphonic music education programs incorporating the latest technologies that integrate into the existing BC Ministry of Education curriculum, as well as provide lifelong learning for all ages. VSO has partnerships with educational and community organizations, through which it supports the growth of music and advocates for music education in schools and community music organizations.
Ci has consolidated the audited financial statements of Vancouver Symphony Society with those of Vancouver Symphony Foundation. In F2012, VSO received 33% of its funding from donations, 31% from government funding, and 34% from fees for service and ticket sales. Its administrative costs were 9% of revenues and its fundraising costs were 22% of donations raised. It has $9.8m in funding reserves (including $3.8m in endowment funds) covering 87% of annual program costs.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||8.5%||9.0%||9.4%|
|Fundraising costs as % of donations||21.6%||20.0%||22.9%|
|Program cost coverage (%)||86.8%||84.5%||74.3%|
Summary Financial StatementsAll figures in $000s
|Fees for service||4,576||4,759||5,323|
|Cash flow from operations||232||778||965|