Minnesota Youth Symphonies
- Assets
- $59.1k
- Revenue
- $567.7k
- Investments
- $0.0
- Employees
- 20
- Location
- St Paul, MN
- Founding
- 04/1973
- Data as of
- 05/2024
- EIN
- 23-7272194
Organization Overview
Minnesota Youth Symphonies is located in St Paul, MN. The organization was established in 1973. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, Minnesota Youth Symphonies employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Youth Symphonies is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Minnesota Youth Symphonies generated $567.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $530.0k during the year ending 05/2024. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH ORCHESTRA EDUCATION PROGRAMS DEDICATED TO CONSERVATORY-LEVEL OECHESTRAL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR PROGRAM ACCOMPLISHMENTS THIS YEAR: 30 REHEARSALS @ MACALESTER COLLEGES' JANET WALLACE FINE ARTS CENTER; 3 CONCERTS- 2 AT THE BENSON GREAT HALL, 1 AT ORCHESTRA HALL; CELEBRATED THE TENURE OF CONDUCTOR, JAMES BARTSCH; SELECTED A NEW CONDUCTOR FOR THE PHILHARMONIC ORCHESTRA, KELLY DEMORETT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Thomann Exec Director | Officer | 40 | $75,000 |
Mark Mandarano Artistic Director | Officer | 5 | $21,525 |
Jon Feustel President | OfficerTrustee | 5 | $0 |
Paul Gronert Vice President | OfficerTrustee | 5 | $0 |
Kim Macynski Secretary | OfficerTrustee | 5 | $0 |
Jeff Nicols Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,344 |
| Total Program Service Revenue | $328,204 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,525 |
| Compensation of current officers, directors, key employees. | $67,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,309 |
| Payroll taxes | $20,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,486 |
| Office expenses | $13,219 |
| Information technology | $2,650 |
| Royalties | $0 |
| Occupancy | $52,469 |
| Travel | $16,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,981 |
| Insurance | $4,287 |
| All other expenses | $0 |
| Total functional expenses | $529,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,406 |
| Savings and temporary cash investments | $5,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,998 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $339 |
| Total assets | $59,110 |
| Accounts payable and accrued expenses | $5,899 |
| Grants payable | $0 |
| Deferred revenue | $12,544 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,443 |
| Net assets without donor restrictions | $40,667 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,110 |