Music Coop
- Assets
- $30.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-5413428
Organization Overview
Music Coop is located in Excelsior, MN. The organization was established in 2019. 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. Music Coop 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 12/2022, Music Coop generated $173.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $171.7k during the year ending 12/2022. While expenses have increased by 20.9% per year over the past 5 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 |
|---|---|---|---|
Christopher Fahey Executive Director | 20 | $8,514 | |
Cooper Alt Managing Director | 10 | $0 | |
Patti Benson President Of The Board Of Dir And Financial Administrator | 1 | $2,424 | |
Louwenda Kachingwe Vice President Of Board Of Dir | 1 | $0 | |
Shannon Fahey Secretary Of Board | 1 | $0 | |
Nicollette Andree Member Board Of Directors | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,198 |
| Total Program Service Revenue | $158,806 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $293 |
| Total Revenue | $173,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,411 |
| Professional fees and other payments to independent contractors | $114,155 |
| Occupancy, rent, utilities, and maintenance | $30,891 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,992 |
| Total expenses | $171,703 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,742 |
| Other assets | $0 |
| Total assets | $30,603 |
| Total liabilities | $618 |
| Net assets or fund balances | $29,985 |