Michigan Federation Of Music Clubs
- Assets
- $392.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, MI
- Founding
- 01/2000
- Data as of
- 06/2017
- EIN
- 38-6160803
Organization Overview
Michigan Federation Of Music Clubs is located in Waterford, MI. The organization was established in 2000. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. Michigan Federation Of Music Clubs 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 06/2017, Michigan Federation Of Music Clubs generated $80.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $87.7k during the year ending 06/2017. While expenses have increased by 8.7% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Draper President | 38 | $0 | |
Laurie Marshall 1st VP | 5 | $0 | |
Bea Wassenberg 2nd VP | 5 | $0 | |
Susan Mcdonald Recording Secretary | 5 | $0 | |
Sandra Deremer Treasurer | 10 | $0 | |
Rochelle Daneluk Corresponding Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $32,082 |
| Membership dues | $21,599 |
| Investment income | $11,418 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $14,706 |
| Total Revenue | $80,105 |
| 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 | $1,614 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,730 |
| Other expenses | $83,370 |
| Total expenses | $87,714 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $392,042 |
| Other assets | $0 |
| Total assets | $392,042 |
| Total liabilities | $0 |
| Net assets or fund balances | $392,042 |
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