Friends Of The Minnesota Orchestra
- Assets
- $1.0m
- Revenue
- $246.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1960
- Data as of
- 08/2023
- EIN
- 41-6009099
Organization Overview
Friends Of The Minnesota Orchestra is located in Minneapolis, MN. The organization was established in 1960. 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 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 08/2023, Friends Of The Minnesota Orchestra generated $246.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $191.9k during the year ending 08/2023. 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
TO CREATE OPPORTUNITIES THAT BRING THE POWER OF MUSIC TO CHILDREN, FAMILIES, AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMMING: LEGACY PROGRAMS INCLUDE KINDER KONZERTS (42 YEARS) AND THE YOUNG ARTIST COMPETITION (60 YEARS). ACCENT/MEET A MUSICIAN PROVIDES AN UP CLOSE AND PERSONAL EVENING WITH AN ORCHESTRA MUSICIAN OR OTHER PROMINENT INDIVIDUAL ASSOCIATED WITH MUSIC. KINDER KONZERTS HAS SEVERAL COMPONENTS - KINDER KONZERTS IN ORCHESTRA HALL, KINDER KONZERTS ON THE ROAD IN AN ELEMENTARY SCHOOL -A MULTI-DAY RESIDENCY TYING MUSIC TO LITERACY FOR KINDERGRTEN AND FIRST GRADERS, OUT AN ABOUT (A PROGRAM FOR LIBRARIES OR PRESCHOOLS, A "MINI KINDER KONZERT"). ALSO AVAILABLE IS KINDER KONZERTS IN A BOX/IN A BAG.
ENGAGED ACTIVITIES INCLUDE WORKING AS "GUIDES" WITH KINDER KONZERTS IN THE SOUND FACTORY, VARIOUS COMMITTEES INCLUDING FUNDRAISERS, MEMBERSHIP AND DEVELOPMENT. SOFTWARE TO TRACK VOLUNTEER HOURS, DEVELOPMENT OF MEMBERSHIP AND TRAINING MATERIALS AND CONDUCTING TRAINING SESSIONS. INCLUDED IN THIS CATEGORY IS THE DIRECT FINANCIAL SUPPORT PROVIDED BY FRIENDS OF THE MINNESOTA ORCHESTRA TO THE MINNESOTA ORCHESTRA.
MEMBERSHIP INVOLVES KEEPING MEMBERS INFORMED AND ENGAGED THROUGHOUT THE YEAR WITH REGULAR COMMUNICATION AND ACTIVITIES. THESE MEMBERSHIP ACTIVITIES INCLUDE ELECTRONIC AND SOCIAL MEDIA COMMUNICATION, FEEDBACK QUESTIONNAIRES AND SURVEYS, MAILINGS, EVENTS WITH OTHER ARTS ORGANIZATIONS, AN ANNUAL REPORT AND MEETING AND DIRECTORY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Reichert Directors Of Development | Trustee | 8 | $0 |
Sandy Reichert Directors Of Development | Trustee | 10 | $0 |
Carol Bossman Director At Large | Trustee | 4 | $0 |
Nan Nelson Co-President | OfficerTrustee | 25 | $0 |
David Davis Director Of Education | Trustee | 4 | $0 |
Emily Clausman Director At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,080 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,634 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,714 |
| Total Program Service Revenue | $9,437 |
| Investment income | $31,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $76,049 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $85,985 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,628 |
| Office expenses | $2,471 |
| Information technology | $1,071 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $749 |
| All other expenses | $0 |
| Total functional expenses | $191,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $915,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,042,166 |
| Accounts payable and accrued expenses | $7,000 |
| 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 | $7,000 |
| Net assets without donor restrictions | $996,889 |
| Net assets with donor restrictions | $38,277 |
| 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 | $1,042,166 |