Akropolis Quintet Inc
- Assets
- $100.0k
- Revenue
- $328.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Northville, MI
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 46-1395008
Organization Overview
Akropolis Quintet Inc is located in Northville, MI. The organization was established in 2016. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Akropolis Quintet Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akropolis Quintet 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 06/2022, Akropolis Quintet Inc generated $328.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $280.4k during the year ending 06/2022. While expenses have increased by 21.9% per year over the past 5 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
AKROPOLIS QUINTET, INC. IS A 501(C)(3) NONPROFIT ORGANIZATION CREATED BY AND GOVERNING THE CONTEMPORARY MUSIC ENSEMBLE, THE AKROPOLIS REED QUINTET. THEIR MISSION IS TO CREATE A MORE VIBRANT SOCIETY WITH GREATER ACCESSIBILITY TO CONTEMPORARY MUSIC THROUGH OUR QUINTET'S ARTISTIC EXCELLENCE UTILIZED IN PERFORMANCES, EDUCATIONAL WORKSHOPS, AND COMMUNITY ENGAGEMENT. THE ENSEMBLE WAS FOUNDED IN 2009 AT THE UNIVERSITY OF MICHIGAN AND THE NONPROFIT WAS CREATED IN NOVEMBER 2015.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DELIVERS 120 CONCERTS AND EDUCATIONAL EVENTS EACH YEAR AND HAS PREMIERED OVER 130 WORKS. THE ENSEMBLE HAS WON NUMEROUS NATIONAL CHAMBER MUSIC PRIZES AND ITS NONPROFIT LEADERSHIP, WHO ARE ALSO ENSEMBLE MEMBERS, HAVE BEEN RECOGNIZED AS JURORS OF MAJOR PRIZES AND FOR THEIR LEADERSHIP, SUCH AS THROUGH THE MICHIGAN COUNCIL FOR ARTS AND CULTURAL AFFAIRS' RISING LEADERS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Landry Executive Di | Trustee | 30 | $49,500 |
Kari Landry Director | Trustee | 30 | $38,500 |
Ryan Reynolds Director | Trustee | 30 | $27,500 |
Andrew Keoppe Director | Trustee | 30 | $27,500 |
Timothy Gocklin Director | Trustee | 30 | $22,000 |
Zack Bissel Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,477 |
| Total Program Service Revenue | $95,656 |
| 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 | $328,133 |
| 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. | $165,000 |
| 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 | $13,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,296 |
| Office expenses | $3,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,677 |
| 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 | $954 |
| All other expenses | $44 |
| Total functional expenses | $280,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,427 |
| 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 | $588 |
| 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 | $100,015 |
| Accounts payable and accrued expenses | $3,822 |
| 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 | $3,822 |
| Net assets without donor restrictions | $76,193 |
| Net assets with donor restrictions | $20,000 |
| 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 | $100,015 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Akropolis Quintet Inc has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: ARTIST RESIDENCIES | $10,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO AKROPOLIS QUINTET, INC. AS PART OF ROUND 6 OF THE DETROIT ARTS SUPPORT (DAS) INITIATIVE, WHICH PROVIDES UNRESTRICTED SUPPORT TO ARTS AND CULTURE ORGANIZATIONS OF ALL DISCIPLINES AND SIZES ACROSS THE METROPOLITAN DETROIT AREA. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drum Corps International Inc Indianapolis, IN | $11,292,251 | $9,955,642 |
Music For All Inc Indianapolis, IN | $2,684,285 | $3,131,031 |
Apollos Fire The Cleveland Baroque Orchestra Cleveland Heights, OH | $1,453,551 | $1,955,138 |
Forward Performing Arts Inc Madison, WI | $1,131,638 | $1,464,298 |
Brass Band Of Battle Creek Marshall, MI | $91,211 | $533,650 |
Chapparells Inc Akron, OH | $121,051 | $529,263 |
Chapparells Baton & Drum Corps Inc Akron, OH | $965,572 | $601,614 |
Jewish Ensemble Theatre Walled Lake, MI | $363,691 | $349,374 |
West Michigan Home School Fine Arts Association Inc Belding, MI | $308,818 | $255,049 |
Akropolis Quintet Inc Northville, MI | $100,015 | $328,133 |
Cleveland Jazz Orchestra Broadview Heights, OH | $261,574 | $252,407 |
William O Packard Test Tr Brooklyn, OH | $6,285,138 | $682,337 |