Masterworks Chorale Inc
- Assets
- $224.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 09/1979
- Data as of
- 06/2024
- EIN
- 31-0963441
Organization Overview
Masterworks Chorale Inc is located in Muncie, IN. The organization was established in 1979. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, 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. Masterworks Chorale 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 06/2024, Masterworks Chorale Inc generated $167.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $103.8k during the year ending 06/2024. While expenses have increased by 4.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
FOUR CHORAL CONCERTS ATTENDED BY APPROXIMATELY 1100 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Dale President | 5 | $0 | |
Sydney Bryan Director | 5 | $0 | |
Annie Brueggen Vice President | 5 | $0 | |
Gene Brueggen Treasurer | 5 | $0 | |
Keeta Edsall Director | 5 | $0 | |
Scott Dueker Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,139 |
| Total Program Service Revenue | $9,752 |
| Membership dues | $0 |
| Investment income | $2,316 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25,234 |
| Total Revenue | $167,441 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,353 |
| Professional fees and other payments to independent contractors | $17,333 |
| Occupancy, rent, utilities, and maintenance | $7,177 |
| Printing, publications, postage, and shipping | $4,562 |
| Other expenses | $10,352 |
| Total expenses | $103,777 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,182 |
| Other assets | $0 |
| Total assets | $224,182 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,182 |