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 06/2021, Mu Phi Epsilon Foundation generated $215.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $226.5k during the year ending 06/2021. While expenses have increased by 8.5% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Sophia Tegart 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 |
Dr Kurt-Alexander Zeller Member | Officer | 2 | $0 |
Zachariah Carlson Member | Officer | 2 | $0 |
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 | $85,444 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $85,444 |
Total Program Service Revenue | $0 |
Investment income | $97,000 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $28,153 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $215,152 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $132,350 |
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 | $13,644 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $62,690 |
Fees for services: Other | $0 |
Advertising and promotion | $1,620 |
Office expenses | $5,726 |
Information technology | $3,000 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,533 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,426 |
All other expenses | $0 |
Total functional expenses | $226,526 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,293 |
Savings and temporary cash investments | $33,821 |
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 | $6,155,806 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,214,920 |
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 | $1,634,449 |
Net assets with donor restrictions | $4,580,471 |
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 | $6,214,920 |
Over the last fiscal year, we have identified 1 grants that Mu Phi Epsilon Foundation has recieved totaling $72.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Beg. Balance | $5,047,461 |
Earnings | $1,375,414 |
Net Contributions | $68,566 |
Grants | $132,350 |
Ending Balance | $6,359,091 |
Organization Name | Assets | Revenue |
---|---|---|
American Public Media Group St Paul, MN | $192,023,056 | $29,866,747 |
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Arts Midwest Minneapolis, MN | $13,049,827 | $7,597,060 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Arts Partnership Saint Paul, MN | $39,537,439 | $5,290,504 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
4 Cornerstones Foundation Edina, MN | $53,350,133 | $54,622,494 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Copernicus Cultural Foundation Of Stevens Point Wisconsin Inc Mosinee, WI | $845,687 | $1,133,742 |
American Friends Of The Prado Museum Minneapolis, MN | $9,205,825 | $155,021 |
Randy And Nancy Trachte Family Foundation Inc Middleton, WI | $1,703,536 | $192,699 |