Universal Music Center Inc
- Assets
- $47.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Red Wing, MN
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 46-0566796
Organization Overview
Universal Music Center Inc is located in Red Wing, MN. The organization was established in 2014. 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. Universal Music Center 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 12/2021, Universal Music Center Inc generated $106.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $121.9k during the year ending 12/2021. While expenses have increased by 4.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauri Neubert Secretary | 2 | $0 | |
Mike Arturi President | 40 | $0 | |
Timothy Mckim Treasurer | 1 | $0 | |
Paul Cardinal Board Member | 1 | $0 | |
Arthur Kenyon Vice President | 1 | $0 | |
Mark Woerpel Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,179 |
| Total Program Service Revenue | $59,145 |
| Membership dues | $0 |
| Investment income | $50 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,374 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,277 |
| Professional fees and other payments to independent contractors | $41,564 |
| Occupancy, rent, utilities, and maintenance | $8,790 |
| Printing, publications, postage, and shipping | $220 |
| Other expenses | $22,067 |
| Total expenses | $121,918 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,860 |
| Other assets | $0 |
| Total assets | $47,791 |
| Total liabilities | $5,910 |
| Net assets or fund balances | $41,881 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Universal Music Center Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Red Wing Shoe Company Foundation Red Wing, MN PURPOSE: COMMUNITY DEVELOPMENT | $15,000 |
Jones Family Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
The Schubert Club St Paul, MN | $22,801,473 | $4,063,918 |
Minnetonka Youth Hockey Association Minnetonka, MN | $11,192,985 | $2,520,815 |
Vocalessence Minneapolis, MN | $7,433,658 | $2,557,414 |
Osseo-Maple Grove Youth Hockey Association Osseo, MN | $2,211,214 | $2,250,377 |
American Composers Forum St Paul, MN | $9,023,516 | $1,393,403 |
Lutheran Music Program Minneapolis, MN | $2,920,609 | $1,763,933 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Quad City Symphony Tr Davenport, IA | $15,204,035 | $748,751 |
Shellabration Inc Fort Dodge, IA | $122,265 | $523,549 |