Center For Irish Music Inc
- Assets
- $494.9k
- Revenue
- $748.9k
- Investments
- $0.0
- Employees
- 4
- Location
- St Paul, MN
- Founding
- 01/2008
- Data as of
- 06/2023
- EIN
- 20-5902063
Organization Overview
Center For Irish Music Inc is located in St Paul, MN. The organization was established in 2008. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Center For Irish Music Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Irish Music 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 06/2023, Center For Irish Music Inc generated $748.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $558.5k during the year ending 06/2023. While expenses have increased by 9.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER INSPIRATION AND INSTRUCTION IN TRADITIONAL IRISH MUSIC IN THE GREATER TWIN CITIES (ST. PAUL/MINNEAPOLIS) COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY23, THE CENTER FOR IRISH MUSIC SERVED OVER 435 STUDENTS, AGES 6 MONTHS TO 82 YEARS, WITH WEEKLY PRIVATE LESSONS, GROUP CLASSES, AND ENSEMBLES ON 16 INSTRUMENTS ON BOTH VIRTUAL AND IN-PERSON PLATFORMS. IN JUNE 2023, CIM PRESENTED THE 15TH ANNUAL MINNESOTA IRISH MUSIC WEEKEND (MIM), A UNIQUE FESTIVAL THAT PAIRS WORLD-CLASS TRADITIONAL IRISH MUSICIANS AND TEACHERS WITH LEARNERS OF ALL AGES FOR A WEEKEND OF WORKSHOPS, LECTURES, SESSIONS, AND CONCERTS. IN JUNE 2022, THE ORGANIZATION LAUNCHED A CAPITAL CAMPAIGN TO FUND A LEASEHOLD IMPROVEMENT PROJECT. CIM IS CONTINUING THE CAPITAL CAMPAIGN AND HAS COMPLETED PHASE 1 OF THE RENOVATIONS THAT WENT INTO SERVICE IN FEBRUARY 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Mckenna President | OfficerTrustee | 2.3 | $0 |
Patrick Cole Vice Preside | OfficerTrustee | 1.9 | $0 |
Nicole Boor Treasurer | OfficerTrustee | 1.9 | $0 |
Jan Casey Secretary | OfficerTrustee | 1 | $0 |
Mike Lynch Member At La | Trustee | 0.6 | $0 |
Mike O'connor Member At La | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,249 |
| Related organizations | $0 |
| Government grants | $48,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,993 |
| Noncash contributions included in lines 1a–1f | $10,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,954 |
| Total Program Service Revenue | $294,559 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,970 |
| Compensation of current officers, directors, key employees. | $20,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,112 |
| Advertising and promotion | $3,054 |
| Office expenses | $24,174 |
| Information technology | $12,908 |
| Royalties | $0 |
| Occupancy | $44,816 |
| Travel | $13,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,827 |
| Insurance | $2,614 |
| All other expenses | $18,464 |
| Total functional expenses | $558,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,001 |
| Savings and temporary cash investments | $5,392 |
| Pledges and grants receivable | $41,478 |
| 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 | $14,435 |
| Net Land, buildings, and equipment | $227,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,519 |
| Total assets | $494,883 |
| Accounts payable and accrued expenses | $33,457 |
| Grants payable | $0 |
| Deferred revenue | $30,502 |
| 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 | $6,901 |
| Total liabilities | $70,860 |
| Net assets without donor restrictions | $409,488 |
| Net assets with donor restrictions | $14,535 |
| 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 | $494,883 |