Music Association Of Minnetonka
- Assets
- $89.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 05/1975
- Data as of
- 06/2023
- EIN
- 23-7451713
Organization Overview
Music Association Of Minnetonka is located in Minnetonka, MN. The organization was established in 1975. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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 Association Of Minnetonka 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, Music Association Of Minnetonka generated $107.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $102.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE MUSIC ASSOCIATION OF MINNETONKA IS TO PROVIDE MUSICAL OPPORTUNITIES THAT EXPAND THE PERFORMERS' ARTISTIC AND RECREATIONAL GOALS, AND TO ENRICH THE LIVES OF AUDIENCES IN THE GREATER METROPOLITAN AREA. THE ORGANIZATION EXISTS TO PROVIDE OPPORTUNITIES FOR VOCAL AND INSTRUMENTAL MUSICIANS TO LEARN TO WORK AS A GROUP, TO GAIN EXPERIENCE, AND TO GROW IN THEIR ABILITY TO PERFORM FOR THE PUBLIC IN SURROUNDING COMMUNITIES. THE ORGANIZATION ALSO PROVIDES OPPORTUNITIES FOR PERFORMERS AND THE COMMUNITY TO BENEFIT FROM EXPOSURE TO VARIOUS TYPES OF MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anneli Borst President | 0 | $0 | |
Karena Casey Vice President | 0 | $0 | |
Ruth Campbell Secretary | 0 | $0 | |
Kevin Duggins Treasurer | 0 | $0 | |
David Aschenbeck Director | 0 | $0 | |
Kiran Dahlin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,437 |
| Total Program Service Revenue | $30,311 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,757 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,753 |
| Professional fees and other payments to independent contractors | $53,220 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,274 |
| Other expenses | $19,406 |
| Total expenses | $102,653 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,019 |
| Other assets | $0 |
| Total assets | $89,396 |
| Total liabilities | $3,128 |
| Net assets or fund balances | $86,268 |