Music Connections Foundation Inc
- Assets
- $16.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 26-1375668
Organization Overview
Music Connections Foundation Inc is located in Bloomington, IL. The organization was established in 2008. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Connections Foundation Inc 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 12/2021, Music Connections Foundation Inc generated $198.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $192.0k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PARENT/CHILD INTERACTIVE MOVEMENT AND MUSIC PROGRAM UTILIZING EXTENSIVE HOME MATERIALS TO ENHANCE WHOLE-CHILD DEVELOPMENT IN THE COGNITIVE, SOCIAL, EMOTIONAL, LANGUAGE, PHYSICAL AND MUSICAL AREAS OF CHILDREN, BIRTH - 10 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Henderson President | 40 | $33,638 | |
Andrea Ringer Secretary | 1 | $0 | |
Cindy Tarrant Treasurer | 2 | $0 | |
Traci Trunk Director | 0 | $0 | |
Elizabeth Flanagan-Nummerdor Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,477 |
| Total Program Service Revenue | $161,056 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,627 |
| Other Revenue | $0 |
| Total Revenue | $198,160 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,585 |
| Professional fees and other payments to independent contractors | $275 |
| Occupancy, rent, utilities, and maintenance | $15,280 |
| Printing, publications, postage, and shipping | $500 |
| Other expenses | $119,348 |
| Total expenses | $191,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,570 |
| Other assets | $0 |
| Total assets | $16,852 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,852 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Music Connections Foundation Inc has recieved totaling $8,901.
| Awarding Organization | Amount |
|---|---|
Illinois Prairie Community Foundation Inc Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $5,700 |
Paul A Funk Foundation Bloomington, IL PURPOSE: GENERAL | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Town School Of Folk Music Inc Chicago, IL | $26,291,664 | $13,585,929 |
Merit School Of Music Chicago, IL | $32,406,157 | $6,571,408 |
Wisconsin Conservatory Of Music Inc Milwaukee, WI | $12,916,262 | $4,546,941 |
Peoples Music School Inc Chicago, IL | $5,536,992 | $3,227,151 |
The Patrick G and Shirley W Ryan Opera Center Chicago, IL | $0 | $2,321,702 |
Preucil School Of Music Iowa City, IA | $5,696,584 | $1,870,215 |
Kentucky Music Educators Assn Inc Richmond, KY | $990,506 | $1,002,541 |
Hyde Park School Of Dance Chicago, IL | $889,337 | $1,144,142 |
Dayspring School Of The Arts Maryland Heights, MO | $2,572,227 | $1,177,461 |
Suzuki-Orff School For Young Musicians Chicago, IL | $442,454 | $1,030,627 |
Woodlawn Arts Academy Sterling, IL | $415,650 | $718,677 |
Wausau Conservatory Of Music Inc Wausau, WI | $2,318,265 | $970,609 |