Magnum Chorum
- Assets
- $23.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1993
- Data as of
- 06/2021
- EIN
- 41-1729332
Organization Overview
Magnum Chorum is located in Minneapolis, MN. The organization was established in 1993. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, 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. Magnum Chorum 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 06/2021, Magnum Chorum generated $168.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $153.0k during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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 |
|---|---|---|---|
Dwight Jilek Artistic Director | 15 | $25,000 | |
Martha Kunau Executive Director | 15 | $15,000 | |
Kim Bowman Director Of Development | 10 | $10,000 | |
Chuck Upcraft Chair | 4 | $0 | |
Troy Loken Vice Chair | 3 | $0 | |
Carolyn Bevan Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,868 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,650 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $168,520 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,000 |
| Professional fees and other payments to independent contractors | $96,938 |
| Occupancy, rent, utilities, and maintenance | $715 |
| Printing, publications, postage, and shipping | $11,827 |
| Other expenses | $18,482 |
| Total expenses | $152,962 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,695 |
| Other assets | $0 |
| Total assets | $23,695 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,695 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magnum Chorum has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Barney Family Foundation La Crosse, WI PURPOSE: ARTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cantus Minneapolis, MN | $1,048,716 | $1,607,299 |
Minnesota Boychoir St Paul, MN | $225,135 | $439,924 |
National Lutheran Choir Corporation St Paul, MN | $568,277 | $658,854 |
Honors Choirs Of Southeast Minnesota Rochester, MN | $268,646 | $509,429 |
Minnesota Chorale Minneapolis, MN | $110,507 | $452,546 |
Rochester Symphony Orchestra & Chorale Rochester, MN | $425,812 | $640,366 |
Iowa Choral Directors Association Inc Washington, IA | $239,273 | $200,545 |
Madison Youth Choirs Inc Madison, WI | $799,976 | $565,283 |
One Voice Mixed Chorus St Paul, MN | $778,433 | $289,696 |
Twin Cities Gay Mens Chorus Minneapolis, MN | $488,339 | $478,527 |
Milwaukee Childrens Choir Inc Milwaukee, WI | $152,051 | $167,727 |
Heartland Youth Choir Des Moines, IA | $113,273 | $247,611 |