Friends Of The Minnesota Sinfonia
- Assets
- $550.3k
- Revenue
- $325.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- 03/1994
- Data as of
- 09/2023
- EIN
- 41-1649587
Organization Overview
Friends Of The Minnesota Sinfonia is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of The Minnesota Sinfonia 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 09/2023, Friends Of The Minnesota Sinfonia generated $325.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $371.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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
THE MISSION OF THE MINNESOTA SINFONIA IS TO SERVE THE MUSICAL AND EDUCATIONAL NEEDS OF THE CITIZENS OF MINNESOTA, WITH PRIMARY EMPHASIS GIVEN TO FAMILIES WITH YOUNG CHILDREN, INNER-CITY YOUTH, SENIORS AND THOSE WITH LIMITED INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.WINTER AND SUMMER CONCERT SERIES THE WINTER AND SUMMER CONCERT SERIES FEATURING WORKS FROM THE POPULAR ORCHESTRA REPERTOIRE, NEW COMPOSITIONS BY MINNESOTA-BASED COMPOSERS, AND SHOWCASING INTERNATIONAL AWARD-WINNING SOLOISTS. HOLIDAY AND SUMMER FAMILY COMMUNITY CONCERTS COMMUNITY CONCERTS FEATURING LIGHTER FARE ARE PERFORMED THROUGHOUT THE TWIN CITIES METRO AREA AND ARE DESIGNED TO INTRODUCE THE PUBLIC TO QUALITY LIVE ORCHESTRA PERFORMANCES. PROGRAMS FOR TALENTED YOUNG MUSICIANS INCLUDES A YOUNG ARTIST COMPETITION, YOUTH OUTREACH WEEK, AND YOUNG COMPOSERS' CONTEST ALL TO PROVIDE OPPORTUNITIES FOR OUR REGION'S TALENTED YOUNG MUSICIANS. MUSIC IN THE SCHOOLS MUSIC IN THE SCHOOLS (MIS) IS A CURRICULUM-BASED K- 8 EDUCATION PROGRAM DESIGNED SPECIFICALLY FOR AT-RISK, INNER-CITY STUDENTS. CREATED USING STATE ACADEMIC STANDARDS, MIS USES GREAT ORCHESTRAL MUSIC AS A CATALYST TO ENGAGE STUDENTS IN THEIR ONGOING STUDIES OF CORE ACADEMICS. TOURING - THE SINFONIA TAKES THE FULL SINFONIA ORCHESTRA TO OUTSTATE MINNESOTA COMMUNITIES PROVIDING CONCERTS, ARTS EDUCATION, AND OUTREACH TO COMMUNITIES THAT GENERALLY DO NOT HAVE ACCESS TO QUALITY LIVE PROFESSIONAL ARTS EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Fishman Artistic/executive Director | Officer | 20 | $55,017 |
Tina Enberg Chair | OfficerTrustee | 1 | $0 |
Anna Margl Treasurer | OfficerTrustee | 1 | $0 |
Suzanne Abrams Director | Trustee | 1 | $0 |
Jennifer Creadick Director | Trustee | 1 | $0 |
Joe Cretella Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,868 |
| Total Program Service Revenue | $2,755 |
| Investment income | $3,809 |
| 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 | $325,432 |
| 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. | $55,017 |
| Compensation of current officers, directors, key employees. | $1,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,069 |
| Advertising and promotion | $5,126 |
| Office expenses | $13,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,650 |
| Travel | $723 |
| 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 | $2,410 |
| All other expenses | $5,049 |
| Total functional expenses | $371,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,218 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $25,747 |
| 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 | $300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $550,265 |
| Accounts payable and accrued expenses | $750 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $750 |
| Net assets without donor restrictions | $518,477 |
| Net assets with donor restrictions | $31,038 |
| 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 | $550,265 |