Lake Superior Chamber Orchestra
- Assets
- $15.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 05/1989
- Data as of
- 10/2023
- EIN
- 41-1609565
Organization Overview
Lake Superior Chamber Orchestra is located in Duluth, MN. The organization was established in 1989. 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. Lake Superior Chamber Orchestra 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 10/2023, Lake Superior Chamber Orchestra generated $31.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $28.5k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 8 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
PRODUCTION OF CHAMBER MUSIC CONCERTS IN THE COMMUNITY AND INSTRUCTION OF STUDENTS IN STRINGED INSTRUMENTS THROUGH MUSIC CAMPS. AS IN 2020, THE SUMMER 2021 CONCERT SEASON AND MUSIC CAMP WERE CANCELLED DUE TO THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Leibfried President | 5 | $0 | |
Nairi Stack Secretary | 2 | $0 | |
Greg Repensky Treasurer | 2 | $0 | |
Julia Cheng Grants & Business Manager | 1 | $0 | |
Erin Louks-Smith Board Member | 1 | $0 | |
Teri Akervik Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,798 |
| Total Program Service Revenue | $8,785 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,962 |
| Professional fees and other payments to independent contractors | $3,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,216 |
| Other expenses | $7,176 |
| Total expenses | $28,454 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,765 |
| Other assets | $0 |
| Total assets | $15,765 |
| Total liabilities | $1,495 |
| Net assets or fund balances | $14,270 |