On June 28, 2022, The Philadelphia Inquirer reported on a material diversion of assets confirmed to have taken place at Encore Series Inc. in an article titled, "Former financial professional for Philly Pops, Jewish Exponent pleads guilty to embezzling more than $1.4M." For more information regarding this matter, please see The Philadelphia Inquirer article.
On June 1, 2024, The Philadelphia Inquirer reported on the operations of Encore Series Inc. in an article titled, "The Philly Pops is sued by its ex-jazz director, Terell Stafford, even with its own future uncertain." For more information, please see The Philadelphia Inquirer article.
For more information about our alerts methodology, see here.
Total Revenue Amount | Expectation to Receive Credit |
$2 million or higher and 40% or higher donor support | Expected to complete an audit and have an audit oversight committee |
$1 million or higher | Expected to complete an audit |
$500,000 - $1 million | Expected to complete an audit, review, or compilation |
Less than $500,000 | No expectation (removed from scoring methodology) |