Bakken Trio
- Assets
- $54.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1999
- Data as of
- 05/2022
- EIN
- 41-1842072
Organization Overview
Bakken Trio is located in Minneapolis, MN. The organization was established in 1999. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Bakken Trio 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, Bakken Trio generated $38.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $50.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 3 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
PERFORMANCE OF CHAMBER MUSIC PROGRAMS FOR THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Arado Director, Artistic Directo | 10 | $4,500 | |
Mary Dew Director, Treasurer | 2 | $0 | |
Martha Ingram Director, Vice President | 2 | $0 | |
Tracy Peterson Director, President | 2 | $0 | |
Pitnarry Shin Director, Artistic Directo | 10 | $4,500 | |
Mary Streitz Director, Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,840 |
| Total Program Service Revenue | $6,160 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,595 |
| Other Revenue | $0 |
| Total Revenue | $38,406 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,575 |
| Professional fees and other payments to independent contractors | $9,822 |
| Occupancy, rent, utilities, and maintenance | $5,988 |
| Printing, publications, postage, and shipping | $1,822 |
| Other expenses | $6,455 |
| Total expenses | $50,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,514 |
| Other assets | $0 |
| Total assets | $54,514 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,514 |