At Phantom Regiment, we are committed to maintaining the highest standards of financial transparency and accountability.

We believe in the importance of being open and honest with our donors, supporters, and the general public regarding our financial practices and the allocation of resources. This Financial Transparency Statement aims to provide you with an overview of our financial operations and practices.

  • Revenue Sources: Phantom Regiment relies on a diverse range of revenue sources, including donations, grants, sponsorships, ticket sales, merchandise sales, and program fees.
  • Annual Budget: We develop an annual budget that outlines our expected income and expenses for the year. Our budgeting process is diligent and involves input from our board of directors, staff, and financial experts.
  • Financial Reports: We produce detailed financial reports regularly to monitor our financial performance and ensure we are adhering to the budget.

  • Donor Privacy: We respect the privacy of our donors and do not share personal information with third parties without explicit consent.
  • Donation Usage: Donations made to Phantom Regiment are used to support our mission, including educational programs, performances, and operational expenses.

  • Board Oversight: Phantom Regiment is governed by a volunteer board of directors that oversees our financial management and decision-making.
  • Independent Audit: We conduct an annual independent financial audit to ensure the accuracy and integrity of our financial statements. The audit is performed by a reputable accounting firm, and the results are shared with our stakeholders.

  • Education Programs: A significant portion of our budget is dedicated to our educational programs, including instructional staff, equipment, and participant scholarships.
  • Artistic Productions: Funds are allocated to support the development and execution of our artistic productions, including show design, costumes, and props.
  • Operational Expenses: We carefully manage our administrative and operational expenses to maximize the impact of donor contributions on our mission.

  • Outcome Assessment: We regularly evaluate the impact of our programs and initiatives to ensure that they align with our mission and goals.
  • Reporting: We share the results of our impact assessments with our stakeholders to demonstrate the effectiveness of our work.

  • Legal Compliance: Phantom Regiment is committed to complying with all applicable laws and regulations governing nonprofit organizations.
  • Ethical Conduct: We have a Code of Ethics in place for our staff and volunteers to ensure that all individuals associated with our organization act with integrity and transparency.

Our annual IRS Form 990 is accessible to the public.

Filed on May 10, 2022
Filed on Aug. 13, 2021
Filed on Aug. 17, 2020
Filed on July 11, 2019
Filed on Aug. 13, 2018

Phantom Regiment is dedicated to maintaining the trust and confidence of our donors and the public. We believe that transparency in financial matters is essential for our continued success and our ability to fulfill our mission of providing exceptional music education and artistic performances.

If you have any questions or require additional financial information, please do not hesitate to contact us at [email protected].