Cranbrook Music Guild Inc
- Assets
- $134.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 10/1956
- Data as of
- 05/2022
- EIN
- 38-6078902
Organization Overview
Cranbrook Music Guild Inc is located in Bloomfield Hills, MI. The organization was established in 1956. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, 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. Cranbrook Music Guild 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 05/2022, Cranbrook Music Guild Inc generated $10.8k 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 (16.0%) each year. All expenses for the organization totaled $11.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
DUE TO COVID PUBLIC GATHERING RESTRICTIONS, PROVIDED ONE FREE CONCERT. APPROXIMATELY 100 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Carrigan President | 1 | $0 | |
Ruth Carrigan Treasurer | 0.5 | $0 | |
Margot Kohler Trustee | 0.1 | $0 | |
Laurence Irwin Secretary | 0.25 | $0 | |
Robert Tera Trustee | 0.1 | $0 | |
Margaret Ann Rendziperous Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,774 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,595 |
| Occupancy, rent, utilities, and maintenance | $135 |
| Printing, publications, postage, and shipping | $2,598 |
| Other expenses | $0 |
| Total expenses | $11,328 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $134,032 |
| Other assets | $0 |
| Total assets | $134,032 |
| Total liabilities | $0 |
| Net assets or fund balances | $134,032 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cranbrook Music Guild Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Charity Motors Inc Detroit, MI PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts United Of Greater Fort Wayne Fort Wayne, IN | $21,534,301 | $3,773,379 |
Indiana Humanities Council Inc Indianapolis, IN | $8,992,568 | $3,654,687 |
Arts Commission Of Greater Toledo Inc Toledo, OH | $2,952,895 | $2,261,161 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Crooked Tree Arts Council Inc Petoskey, MI | $8,078,138 | $2,057,244 |
Fitton Center For Creative Arts Hamilton, OH | $3,761,863 | $1,165,513 |
Greater Flint Arts Council Flint, MI | $719,952 | $1,340,904 |
Culture Works Dayton, OH | $3,279,032 | $1,173,944 |
Arts League Of Michigan Inc Detroit, MI | $1,339,389 | $1,259,727 |
Kalamazoo Arts Council Inc Kalamazoo, MI | $1,347,014 | $1,153,403 |
Tippecanoe Arts Federation Inc Lafayette, IN | $2,580,467 | $934,954 |
Dublin Arts Council Dublin, OH | $862,935 | $992,359 |