Mu Phi Epsilon Foundation
- Assets
- $5.8m
- Revenue
- $50.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 10/1964
- Data as of
- 06/2022
- EIN
- 95-6097896
Organization Overview
Mu Phi Epsilon Foundation is located in Saint Paul, MN. The organization was established in 1964. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mu Phi Epsilon 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 06/2022, Mu Phi Epsilon Foundation generated $50.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $223.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MU PHI EPSILON FOUNDATION IS OPERATED FOR THE PROMOTION AND ADVANCEMENT OF MUSIC AND FOR THE BENEFIT OF PHILANTHROPIC PROJECTS OF MU PHI EPSILON, A NATIONAL MUSIC FRATERNITY. THE FOUNDATION PROVIDES SCHOLARSHIPS AND GRANTS FOR MUSIC STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROPRIATIONS - FUNDS ARE PROVIDED FOR SUMMER MUSIC CAMPS, MUSIC SCHOOL SETTLEMENTS, DOCTORAL GRANTS AND GRANTS-IN-AID.
MU PHI EPSILON INTERNATIONAL COMPETITION AND ARTISTS CONCERTS - WINNERS AT THE COMPETITION ARE PRESENTED IN CONCERT THROUGHOUT THE U.S. UNDER THE SPONSORSHIP OF CHAPTERS OF THE MU PHI EPSILON FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachariah Carlson President | Officer | 2 | $0 |
Dr Matthew Hoch Vice President | Officer | 2 | $0 |
Sean Kilgore Treasurer | Officer | 2 | $0 |
Dr Katsuya Yuasa Secretary | Officer | 2 | $0 |
Kira Dixon Member | Officer | 2 | $0 |
Dr Kurt-Alexander Zeller Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,304 |
| Total Program Service Revenue | $0 |
| Investment income | $61,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,724 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,147 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $462 |
| Office expenses | $2,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,765 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,650 |
| All other expenses | $0 |
| Total functional expenses | $223,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $5,802,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,807,252 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,182,509 |
| Net assets with donor restrictions | $4,624,743 |
| 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 | $5,807,252 |