Universal Music Center Inc
- Assets
- $80.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Red Wing, MN
- Founding
- 04/2014
- Data as of
- 12/2023
- 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 12/2023, Universal Music Center Inc generated $156.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $130.6k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 8 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 |
|---|---|---|---|
Mike Arturi President | 40 | $42,550 | |
Arthur Kenyon Vice President | 1 | $0 | |
Lauri Neubert Secretary | 2 | $8,500 | |
Timothy Mckim Treasurer | 1 | $0 | |
Susan Forsythe Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,264 |
| Total Program Service Revenue | $58,118 |
| Membership dues | $0 |
| Investment income | $139 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $156,521 |
| 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 | $50,332 |
| Occupancy, rent, utilities, and maintenance | $12,757 |
| Printing, publications, postage, and shipping | $565 |
| Other expenses | $17,644 |
| Total expenses | $130,575 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,270 |
| Other assets | $0 |
| Total assets | $80,476 |
| Total liabilities | $5,584 |
| Net assets or fund balances | $74,892 |