Minnesota Philharmonic Orchestra
- Assets
- $75.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1993
- Data as of
- 07/2022
- EIN
- 41-1750820
Organization Overview
Minnesota Philharmonic Orchestra is located in Minneapolis, MN. The organization was established in 1993. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Minnesota Philharmonic Orchestra 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 07/2022, Minnesota Philharmonic Orchestra generated $106.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $84.2k during the year ending 07/2022. While expenses have increased by 6.2% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald E Brunk-Parker Treasurer | 5 | $0 | |
Isabel Arenivar Operations Director | 8 | $0 | |
Derek Waller President | 6 | $0 | |
Rebecca Eilers Board Member | 2 | $0 | |
Daniel Meyers Vice President | 2 | $0 | |
Kenneth Kusiak Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,851 |
| Total Program Service Revenue | $12,106 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,504 |
| Other Revenue | $0 |
| Total Revenue | $106,461 |
| 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 | $46,990 |
| Occupancy, rent, utilities, and maintenance | $17,504 |
| Printing, publications, postage, and shipping | $5,493 |
| Other expenses | $14,237 |
| Total expenses | $84,224 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,851 |
| Other assets | $0 |
| Total assets | $75,600 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,600 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minnesota Philharmonic Orchestra has recieved totaling $7,096.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION / ARTS AND CULTURE GRANT | $5,570 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Paul Chamber Orchestra Society St Paul, MN | $57,703,244 | $22,202,532 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
South Dakota Symphony Orchestra Sioux Falls, SD | $2,471,738 | $2,231,218 |
Quad City Symphony Orchestra Association Davenport, IA | $1,491,842 | $2,535,869 |
Wisconsin Chamber Orchestra Inc Madison, WI | $6,414,052 | $3,173,196 |
Orchestra Iowa Inc Cedar Rapids, IA | $6,413,175 | $1,876,177 |
Greater Twin Cities Youth Symphonies St Paul, MN | $1,493,786 | $1,297,904 |
Dubuque Symphony Orchestra Dubuque, IA | $3,373,289 | $1,369,482 |
Duluth-Superior Symphony Association Duluth, MN | $1,861,417 | $795,245 |
Sioux City Symphony Orchestra Association Sioux City, IA | $4,671,990 | $1,267,585 |