Spektral Quartet Nfp
- Assets
- $198.8k
- Revenue
- $544.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 05/2013
- Data as of
- 06/2022
- EIN
- 45-3696789
Organization Overview
Spektral Quartet Nfp is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Spektral Quartet Nfp employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spektral Quartet Nfp 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 06/2022, Spektral Quartet Nfp generated $544.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $536.8k during the year ending 06/2022. While expenses have increased by 18.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ARTISTIC AND EDUCATIONAL PROGRAMMING OF CLASSICAL STRING QUARTET CHAMBER MUSIC, WITH PERFORMANCES AROUND THE UNITED STATES, EDUCATIONAL WORKSHOPS WITH UNIVERSITY MUSIC STUDENTS, AND COMMISSIONS OF COMPOSERS FOR NEW WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTRACTS A CLASSICAL STRING QUARTET TWO VIOLINISTS, ONE VIOLIST, ONE CELLIST CALLED THE SPEKTRAL QUARTET THAT SERVES THE ORGANIZATION BY PROMOTING THE EDUCATION AND EXPANSION OF MUSIC WRITTEN FOR STRING QUARTET THROUGH PERFORMANCES AND EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Rolen Executive Dir. | OfficerTrustee | 50 | $64,680 |
Sarah Forbes Orwig Chairman | OfficerTrustee | 1 | $0 |
Joseph Bein Vice-Chair | OfficerTrustee | 1 | $0 |
Barbara Brotman Secretary | OfficerTrustee | 1 | $0 |
James D Smith Treasurer | Trustee | 1 | $0 |
Gerald Adelmann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,228 |
| Total Program Service Revenue | $208,941 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $258 |
| 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 | $2,328 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $800 |
| 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. | $64,680 |
| Compensation of current officers, directors, key employees. | $12,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,224 |
| Payroll taxes | $19,646 |
| Fees for services: Management | $26,751 |
| 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 | $7,023 |
| Advertising and promotion | $14,368 |
| Office expenses | $3,079 |
| Information technology | $4,262 |
| Royalties | $0 |
| Occupancy | $6,000 |
| 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 | $703 |
| Insurance | $8,812 |
| All other expenses | $9,163 |
| Total functional expenses | $536,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,170 |
| Savings and temporary cash investments | $5,878 |
| Pledges and grants receivable | $81,310 |
| Accounts receivable, net | $155 |
| 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 | $4,542 |
| Net Land, buildings, and equipment | $703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $198,758 |
| Accounts payable and accrued expenses | $9,756 |
| 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 | $9,756 |
| Net assets without donor restrictions | $122,692 |
| Net assets with donor restrictions | $66,310 |
| 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 | $198,758 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Spektral Quartet Nfp has recieved totaling $13,126.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $13,000 |
Louise K Smith Foundation Chicago, IL PURPOSE: GENERAL | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drum Corps International Inc Indianapolis, IN | $11,292,251 | $9,955,642 |
Music For All Inc Indianapolis, IN | $2,684,285 | $3,131,031 |
Trio Foundation St Louis, MO | $39,212,571 | $11,850,329 |
Midwest Clinic Woodridge, IL | $1,577,442 | $1,838,412 |
Legion-Aires Drum And Bugle Corps Dubuque, IA | $1,675,907 | $1,872,941 |
The Cavaliers Ap&e Inc Rosemont, IL | $1,260,732 | $1,797,473 |
Ensemble Espanol Chicago, IL | $890,186 | $1,461,025 |
Forward Performing Arts Inc Madison, WI | $1,131,638 | $1,464,298 |
Phantom Regiment Inc Loves Park, IL | $1,306,729 | $1,379,502 |
Accessible Contemporary Music Chicago, IL | $312,653 | $895,582 |
Iowa High School Music Assn Boone, IA | $289,886 | $704,627 |
Eighth Blackbird Performing Arts Association Chicago, IL | $447,450 | $697,687 |