Friends Of The Minnesota Orchestra
- Assets
- $1.1m
- Revenue
- $144.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1960
- Data as of
- 08/2021
- 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 08/2021, Friends Of The Minnesota Orchestra generated $144.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $117.2k during the year ending 08/2021. 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
2021
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 AND THE YOUNG ARTIST COMPETITION. ANOTHER PROGRAM IS ACCENT/MEET A MUSICIAN. KINDER KONZERTS HAS SEVERAL COMPONENTS - KINDER KONZERTS IN A BOX/IN A BAG IS A NEW PROGRAM AND RESPONSE TO COVID AND THE ORGANIZATIONS INABILITY TO HOLD IN PERSON CONCERTS FOR PRE-SCHOOLS AT ORCHESTRA HALL. THESE NEW ADDITIONS TO THE CLASSIC PROGRAM INCLUDE 16 VIDEOS AVAILABLE ON THE FRIENDS WEBSITE IN ADDITION TO A CURATED BOX WITH ACTIVITIES, MUSICAL INSTRUMENTS AND RESOURCES FOR FAMILIES, SCHOOLS AND LIBRARIES. ANOTHER RESPONSE TO COVID IS A KINDER KONZERT PROGRAM - KINDER KONZERTS OUT AND ABOUT. THIS PROGRAM INVOLVES A TEACHING ARTIST GOING INTO A PRESCHOOL OR EARLY CHILDHOOD CLASSROOM AND DOING A "MINI" KINDER KONZERT. THE YOUNG ARTIST COMPETITION IS AN EVERY OTHER YEAR PROGRAM AND WAS NOT DONE IN 2021. FRIENDS HELD ONE ACCENT IN 2021, AGAIN BECAUSE OF COVID RESRTICTIONS.
VOLUNTEER SERVICES INCLUDE PROGRAMMING TO KEEP VOLUNTEERS ENGAGED, SOFTWARE TO TRACK VOLUNTEERS, DEVELOPMENT OF TRAINING MATERIALS AND HOSTING TRAINING GATHERINGS. INCLUDED IN THIS CATEGORY IS THE DIRECT FINANCIAL SUPPORT PROVIDED 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 A MEMBER DIRECTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Brunsvold Secretary | OfficerTrustee | 6 | $0 |
Cindy Olmanson President Elect | OfficerTrustee | 4 | $0 |
Irene Suddard Treasurer | OfficerTrustee | 18 | $0 |
Mary Ella Pratte President | OfficerTrustee | 35 | $0 |
Ludmila Eklund Director Of Development | Trustee | 10 | $0 |
Carol Bossman Director At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,210 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,845 |
| Total Program Service Revenue | $21,331 |
| Investment income | $12,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,511 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,710 |
| 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 | $36,861 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $573 |
| Office expenses | $5,118 |
| Information technology | $0 |
| 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 | $725 |
| All other expenses | $0 |
| Total functional expenses | $117,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,054 |
| 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 | $9,473 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $989,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,051,382 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,021,905 |
| Net assets with donor restrictions | $29,477 |
| 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 | $1,051,382 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of The Minnesota Orchestra has recieved totaling $8,726.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: ARTS & CULTURE | $8,700 |
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $15 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Ending Balance | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Oakleaf Endowment Tr Fbo Minnesota Orchestra 063097 Minneapolis, MN | $81,273,856 | $10,271,429 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Friends Of South Dakota Public Broadcasting Sioux Falls, SD | $8,253,361 | $5,354,022 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |
Block 100 Foundation Inc Middleton, WI | $18,901,451 | $2,662,277 |
Wisconsin Youth Symphony Orchestra Inc Madison, WI | $7,680,238 | $7,653,874 |
Anna K Meredith Endowment Trust Des Moines, IA | $55,269,901 | $36,939,022 |
Museum Of Art Foundation Davenport, IA | $28,471,006 | $5,676 |