Minnesota Music Teachers Association
- Assets
- $222.2k
- Revenue
- $257.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Bloomington, MN
- Founding
- 11/1964
- Data as of
- 07/2021
- EIN
- 41-6023177
Organization Overview
Minnesota Music Teachers Association is located in Bloomington, MN. The organization was established in 1964. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 07/2021, Minnesota Music Teachers Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Music Teachers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2021, Minnesota Music Teachers Association generated $257.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $221.7k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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
PURPOSE IS TO ADVANCE THE PROFESSION OF MUSIC TEACHERS IN MINNESOTA THROUGH EDUCATION, CERTIFICATION, NETWORKING AND ADVOCACY. TO FURTHER THIS PURPOSE THE ASSOCIATION MAY SPONSOR PROGRAMS TO ENRICH MUSICAL EDUCATION AND ENCOURAGE MUSICAL PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIANO CONTESTS PROMOTED EXCELLENCE IN PIANO SKILLS FOR YOUNG STUDENTS AND MUSIC TEACHERS. NUMEROUS PIANO CONTESTS WERE HELD DURING THE YEAR BRINGING TOGETHER 1962 STUDENTS AND 277 TEACHERS.
OTHER PROGRAMS - SEMINARS, PUBLICATIONS, AND OTHER MUSIC EDUCATION ACTIVITIES
PIANO EDUCATIONAL PROGRAMS - EXAM EVENTS WERE OFFERED TO TEST AND IMPROVE SKILLS RELATING TO KEYBOARD SKILLS, SIGHTPLAYING, PIANO, AND MUSIC THEORY. 294 TEACHERS AND 2489 STUDENTS PARTICIPATED IN THESE EXAM EVENTS.
THE MN MUSIC TEACHERS ANNUAL CONVENTION PROMOTES PROFESSIONAL EXCELLENCE AMONG TEACHERS IN THE STATE. 23 VARIOUS BREAK-OUT SESSIONS WERE OFFERED DURING THE CONVENTION AND 93 TEACHERS ATTENDED THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camille Buddecke President | OfficerTrustee | 5 | $0 |
Laura Harding President Elect | OfficerTrustee | 5 | $0 |
Inese Krievans VP Piano Contests | OfficerTrustee | 5 | $0 |
Stacy Julson Co-Vp Conventon | OfficerTrustee | 5 | $0 |
Rebecca Nelson VP Piano Education | OfficerTrustee | 5 | $0 |
Jacob Fitzpatrick VP Finance | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,760 |
| Investment income | $2,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,299 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $61,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,600 |
| Payroll taxes | $4,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,719 |
| Advertising and promotion | $0 |
| Office expenses | $3,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,642 |
| Travel | $1,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,021 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,000 |
| Insurance | $4,026 |
| All other expenses | $0 |
| Total functional expenses | $221,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,242 |
| Savings and temporary cash investments | $37,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,057 |
| Prepaid expenses and deferred charges | $1,086 |
| Investments—publicly traded securities | $122,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,161 |
| Accounts payable and accrued expenses | $1,498 |
| 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 | $1,498 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $220,663 |