Minnesota Federation Of Music Clubs Inc
- Assets
- $131.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Benson, MN
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 41-6027465
Organization Overview
Minnesota Federation Of Music Clubs Inc is located in Benson, MN. The organization was established in 1985. According to its NTEE Classification (A68) the organization is classified as: Music, 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 Federation Of Music Clubs Inc 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 12/2022, Minnesota Federation Of Music Clubs Inc generated $56.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $67.8k during the year ending 12/2022. 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
TO MAINTAIN AND PROMOTE HIGH MUSICAL STANDARDS THROUGHFESTIVALS, CONTESTS, MUSICALS AND STUDY GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Fisher President | 3 | $0 | |
Sarah Twedt First Vice President | 3 | $1,500 | |
Gwen Degner Treasurer | 3 | $1,000 | |
Cara Carvetta Second Vice President | 3 | $0 | |
Cheryl Schmidt Finance Chair | 3 | $0 | |
Mary Kaye Rabaey Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,879 |
| Membership dues | $14,990 |
| Investment income | $2,098 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,967 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,304 |
| Total expenses | $67,754 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $131,717 |
| Other assets | $0 |
| Total assets | $131,717 |
| Total liabilities | $0 |
| Net assets or fund balances | $131,717 |