Hopewell Music Cooperative-North
- Assets
- $244.5k
- Revenue
- $419.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Minneapolis, MN
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 46-0547282
Organization Overview
Hopewell Music Cooperative-North is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hopewell Music Cooperative-North employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopewell Music Cooperative-North 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 12/2021, Hopewell Music Cooperative-North generated $419.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $267.0k during the year ending 12/2021. While expenses have increased by 10.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOPEWELL'S MISSION IS TO IMPROVE ACCESS TO MUSIC EDUCATION IN NORTH MINNEAPOLIS THROUGH AFFORDABLE, INCLUSIVE, AND ENGAGING MUSIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING - OUR MUSIC PROGRAMMING CONSISTS OF OUR LESSON PROGRAM, ENSEMBLES, GROUP CLASSES, AND EARLY CHILDHOOD EDUCATION. WE OFFER A SLIDING SCALE RATE FOR OUR LESSON, GROUP CLASSES AND EARLY CHILDHOOD PROGRAMMING. ALL OF OUR ENSEMBLES ARE FREE TO JOIN FOR COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Myers Executive Director | Officer | 35 | $47,415 |
Shemeka Bogan Board Member | Officer | 1 | $0 |
Joe Clements Board Chair | Officer | 1 | $0 |
Claire Repp Board Member | Officer | 1 | $0 |
Minna Montgomery Board Member | Officer | 1 | $0 |
Peter Carlson Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,280 |
| Noncash contributions included in lines 1a–1f | $29,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,886 |
| Total Program Service Revenue | $76,151 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $47,415 |
| Compensation of current officers, directors, key employees. | $33,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $495 |
| Payroll taxes | $13,414 |
| Fees for services: Management | $4,928 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,060 |
| Office expenses | $7,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,243 |
| Interest | $3,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,521 |
| Insurance | $3,750 |
| All other expenses | $0 |
| Total functional expenses | $267,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,189 |
| Savings and temporary cash investments | $10 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,674 |
| 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 | $28,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,472 |
| Accounts payable and accrued expenses | $6,562 |
| 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 | $6,562 |
| Net assets without donor restrictions | $237,910 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $244,472 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hopewell Music Cooperative-North has recieved totaling $77,638.
| Awarding Organization | Amount |
|---|---|
Chops Inc Minneapolis, MN PURPOSE: DONATE FUNDS TO HELP PROVIDE BETTER ACCESS TO MUSIC EDUCATION IN NORTH MINNEAPOLIS. | $30,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $24,426 |
James B Linsmayer Foundation Tr Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Louis And Mary Kay Smith Family Foundation Inc Houston, TX PURPOSE: EDUCATION | $5,075 |
Belton Family Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING | $5,000 |
Glen Helgeson Foundation Minneapolis, MN PURPOSE: GENERAL FUNDING | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Borealis Philanthropy Minneapolis, MN | $93,121,969 | $83,860,189 |
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
Duluth & North Shore Railway Inc Duluth, MN | $669,845 | $2,790,590 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Hispanic Advocacy And Community Empowerment Through Research Saint Paul, MN | $982,108 | $1,506,665 |
Prairie Lakes Regional Arts Council Inc Waseca, MN | $117,408 | $791,048 |
Customized Options Nonprofit Oakdale, MN | $468,963 | $1,053,994 |
The Christine Center Willard, WI | $3,088,185 | $1,329,458 |
Peninsula School Of Art Inc Fish Creek, WI | $7,076,513 | $1,332,274 |
North Lakeland Discovery Center Inc Manitowish, WI | $4,813,502 | $2,765,130 |