Minnesota Guitar Society
- Assets
- $64.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 36-3442047
Organization Overview
Minnesota Guitar Society is located in Minneapolis, MN. The organization was established in 1986. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Minnesota Guitar Society 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 12/2022, Minnesota Guitar Society generated $118.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $69.7k during the year ending 12/2022. While expenses have increased by 2.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annett Richter Vice President | 1 | $0 | |
David Buending Treasurer | 2 | $0 | |
Dan Lehn Secretary | 1 | $0 | |
Joseph Hegedorn Artistic Director | 2 | $0 | |
Joseph Haus President | 2 | $0 | |
Mark Chase Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,578 |
| Total Program Service Revenue | $16,449 |
| Membership dues | $3,960 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,987 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,502 |
| Professional fees and other payments to independent contractors | $39,560 |
| Occupancy, rent, utilities, and maintenance | $8,263 |
| Printing, publications, postage, and shipping | $3,867 |
| Other expenses | $2,519 |
| Total expenses | $69,711 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,723 |
| Other assets | $0 |
| Total assets | $64,723 |
| Total liabilities | $0 |
| Net assets or fund balances | $64,723 |