Minnesota Music Teachers Association Foundation
- Assets
- $460.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/2005
- Data as of
- 07/2021
- EIN
- 81-0635967
Organization Overview
Minnesota Music Teachers Association Foundation is located in Bloomington, MN. The organization was established in 2005. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Music Teachers Association Foundation 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 07/2021, Minnesota Music Teachers Association Foundation generated $19.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $18.6k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
GRANTS WERE AWARDED TO INDIVIDUALS, MUSIC ASSOCIATIONS, AND OUR SUPPORTED ORGANIZATION, MINNESOTA MUSIC TEACHERS ASSOCIATION (MMTA). MMTA USED OUR GRANT FUNDS TO AWARD GRANTS TO STUDENTS WITH SCORES OF HIGHEST DISTINCTION IN EDUCATIONAL EXAMS IN PIANO, VOICE, AND MUSIC THEORY; TO YOUNG ARTISTS CONTEST WINNERS; TO COMPOSITION CONTEST WINNERS; AND IN TRAVEL GRANTS TO STATE AND DIVISION LEVELS OF MUSIC TEACHERS NATIONAL ASSOCIATION PERFORMANCE COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Church Skule President | 1 | $0 | |
Caroline Langfeld Vice President | 1 | $0 | |
Sarah Mensen Treasurer | 1 | $0 | |
Michelle Sisler Member At Large | 1 | $0 | |
Vanessa Cornett Member At Large | 1 | $0 | |
Megan Gilles Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,149 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,613 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,421 |
| Other Revenue | $0 |
| Total Revenue | $19,183 |
| 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 | $5,466 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $2,283 |
| Total expenses | $18,565 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $460,166 |
| Other assets | $0 |
| Total assets | $460,166 |
| Total liabilities | $12 |
| Net assets or fund balances | $460,154 |
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|---|---|---|
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