Michigan Philharmonic
- Assets
- $398.1k
- Revenue
- $470.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Plymouth, MI
- Founding
- 09/1950
- Data as of
- 06/2023
- EIN
- 38-1889474
Organization Overview
Michigan Philharmonic is located in Plymouth, MI. The organization was established in 1950. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Michigan Philharmonic 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 06/2023, Michigan Philharmonic generated $470.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $505.7k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE COMMUNITIES OF SOUTHEASTERN MICHIGAN IN FOSTERING EXCELLENCE AND INNOVATION IN THE PERFORMANCE OF ORCHESTRAL MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MICHIGAN PHILHARMONIC PRESENTED 8 REGULAR SEASON CONCERTS, 5 OUTDOOR SUMMER CONCERTS, A BOLLYWOOD CONCERT, AND 3 MICHIGAN PHILHARMONIC YOUTH ORCHESTRA CONCERTS. IN ADDITION NEW THIS YEAR WE PRESENTED 4 TINY TUNES CONCERTS DESIGNED SPECIFICALLY FOR CHILDREN RANGING FROM PRE-SCHOOL TO EIGHT YEARS OF AGE AS WELL AS CLASSROOM VISITS TO 37 ELEMENTARY SCHOOLS PLUS MASTER CLASSES FOR HIGH SCHOOL STUDENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,968 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,782 |
| Total Program Service Revenue | $206,444 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,103 |
| 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. | $42,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,073 |
| Pension plan accruals and contributions | $10,703 |
| Other employee benefits | $0 |
| Payroll taxes | $3,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,706 |
| Office expenses | $25,565 |
| Information technology | $27,487 |
| Royalties | $0 |
| Occupancy | $40,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,685 |
| All other expenses | $0 |
| Total functional expenses | $505,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $1,349 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $363,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,900 |
| Total assets | $398,103 |
| Accounts payable and accrued expenses | $29,135 |
| Grants payable | $0 |
| Deferred revenue | $33,300 |
| 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 | $9,850 |
| Other liabilities | $0 |
| Total liabilities | $72,285 |
| Net assets without donor restrictions | $325,818 |
| 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 | $325,818 |
| Total liabilities and net assets/fund balances | $398,103 |