Monday Musical Club Inc
- Assets
- $666.3k
- Revenue
- $14.5k
- Investments
- $206.6k
- Employees
- 0
- Location
- St Joseph, MI
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 38-2566379
Organization Overview
Monday Musical Club Inc is located in St Joseph, MI. The organization was established in 1986. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Monday Musical Club 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 06/2022, Monday Musical Club Inc generated $14.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $25.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AN UNDERSTANDING AND APPRECIATION OF MUSIC BY FOSTERING AND ENCOURAGING MUSIC EDUCATION AND THE DEVELOPMENT OF HIGH MUSICAL STANDARDS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MUSIC ENRICHMENT PROGRAMS TO THE COMMUNITY AT LARGE, AND PROVIDED MASTER CLASSES FOR YOUNG STUDENT MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dyann Chenault Recording Secretary | OfficerTrustee | 2 | $0 |
Kimberly Shelton Treasurer | OfficerTrustee | 2 | $0 |
Michele Armstrong President | OfficerTrustee | 5 | $0 |
Becky Foster Vice President | OfficerTrustee | 2 | $0 |
Kurt Armstrong Finance Chair | Trustee | 2 | $0 |
Mary Ann Percoco Junior Club Advisor | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,236 |
| Total Program Service Revenue | $0 |
| Investment income | $6,270 |
| 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 | $14,506 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,483 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,764 |
| Office expenses | $691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,635 |
| All other expenses | $3,554 |
| Total functional expenses | $25,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,959 |
| Savings and temporary cash investments | $23,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $206,627 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $431,347 |
| Total assets | $666,298 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,180 |
| 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 | $3,180 |
| Net assets without donor restrictions | $663,118 |
| 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 | $666,298 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Monday Musical Club Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT | $13,000 |
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT | $13,000 |
Endowment Analysis
| Beg. Balance | $523,100 |
| Earnings | -$78,367 |
| Admin Expense | $5,218 |
| Grants | $8,168 |
| Ending Balance | $431,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
St Cecilia Music Society Grand Rapids, MI | $7,058,689 | $2,105,798 |
Alive On The Lakeshore Muskegon, MI | $1,205,753 | $606,207 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |