728 Cadets Corp
- Assets
- $24.1k
- Revenue
- $224.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Elk River, MN
- Founding
- 04/2009
- Data as of
- 09/2022
- EIN
- 21-0912452
Organization Overview
728 Cadets Corp is located in Elk River, MN. The organization was established in 2009. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. 728 Cadets Corp 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 09/2022, 728 Cadets Corp generated $224.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $245.0k during the year ending 09/2022. While expenses have increased by 8.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE 728 CADETS ORGANIZATION AIMS TO TEACH STUDENTS THROUGH LIFE EXPERIENCES WHILE THEY PURSUE EXCELLENCE IN THE ULTIMATE SPORT OF MUSIC IN MOTION. BY DOING SO, STUDENTS CAN EXPERIENCE ENJOYMENT AND ESTEEM WHILE COMBINING THE BEST OF ATHLETICS, EDUCATION, AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL THREE OF OUR WINTER ARTS GROUPS TRAVELLED TO DAYTON, OH IN APRIL OF 2022 TO COMPETE IN THE WGI WORLD CHAMPIONSHIPS. THERE THEY WERE ABLE TO PERFORM AGAINST GROUPS FROM ACROSS THE ENTIRE UNITED STATES. OUR WINDS GROUP MADE TO FINALS, OUR DRUMLINE GROUP MADE IT TO SEMI-FINALS, AND OUR WINTER GUARD GROUP PERFORMED IN PRELIMS BUT DID NOT MOVE ON TO SEMI-FINALS. ALL THREE GROUPS TOOK WITH THEM AN EXPERIENCE THAT PROVIDED EXPERIENCE AND GROWTH, AND ALL HAD FUN DOING IT. A PORTION OF EACH STUDENT PERFORMER'S MEMBERSHIP DUES IS ATTRIBUTED TO THEIR TRIP EXPENSE. THAT IS REPRESENTED BELOW IN THE REVENUE.
THE SUMMER MARCHING BAND PERFORMED IN COMMUNITIES ACROSS THE STATE OF MINNESOTA THIS PAST FISCAL YEAR. THE REVENUE GENERATED TO OFFSET THIS CATEGORY CAME VIA GRANTS FROM THE CENTRAL MN ARTS BOARD AND THE MINNESOTA STATE ARTS BOARD. THE FUNDS FROM THESE GRANTS WERE USED TO PURCHASE NEW INSTRUMENTS AND EQUIPMENT, PAY FOR THE USE OF MUSIC, MAINTAIN UNIFORMS AND EQUIPMENT, AND MAINTAIN THE TRAILERS USED TO TRANSPORT THE INSTRUMENTS AND EQUIPMENT FOR PERFORMANCES.
CONTRACTUAL PAYMENTS WHICH ARE INVOICED BY AND PAID TO THE SCHOOL DISTRICT FOR FACILITES AND PROFESSIONAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Segelstrom President | Trustee | 15 | $0 |
Holli Rolfe Treasurer | Trustee | 15 | $0 |
Carrie Hegvik Vice President | Trustee | 15 | $0 |
Lori Motzko Secretary | Trustee | 15 | $0 |
Justin Hora Board Member | Trustee | 10 | $0 |
Makayla Wijeratne Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $141,990 |
| Fundraising events | $5,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,040 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,998 |
| 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 | $0 |
| All other expenses | $35,349 |
| Total functional expenses | $245,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,135 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,135 |
| 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 | $24,135 |
| Net assets with donor restrictions | $0 |
| 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 | $24,135 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 728 Cadets Corp has recieved totaling $10,235.
| Awarding Organization | Amount |
|---|---|
Central Minnesota Arts Board Foley, MN PURPOSE: ORGANIZATIONAL DEVELOPMENT GRANT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legion-Aires Drum And Bugle Corps Dubuque, IA | $1,675,907 | $1,872,941 |
Forward Performing Arts Inc Madison, WI | $1,131,638 | $1,464,298 |
Iowa High School Music Assn Boone, IA | $289,886 | $704,627 |
River City Rhythm Inc Cokato, MN | $72,423 | $389,521 |
728 Cadets Corp Elk River, MN | $24,135 | $224,040 |
Guy Grove Family Foundation Stillwater, MN | $2,379,581 | $468,781 |
Groove Inc Sioux Falls, SD | $145,359 | $0 |
Chops Inc Minneapolis, MN | $220,675 | $104,155 |
Milwaukee Jazz Institute Inc Milwaukee, WI | $43,077 | $0 |
Frankly Music Inc Milwaukee, WI | $72,587 | $0 |
Ames Town And Gown Chamber Music Association Ames, IA | $69,037 | $0 |
Madison Bach Musicians Inc Madison, WI | $113,105 | $0 |