Twin Cities Catalyst Music Inc
- Assets
- $400.5k
- Revenue
- $385.6k
- Investments
- $0.0
- Employees
- 38
- Location
- Burnsville, MN
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-2182792
Organization Overview
Twin Cities Catalyst Music Inc is located in Burnsville, MN. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Twin Cities Catalyst Music Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Catalyst Music 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 12/2021, Twin Cities Catalyst Music Inc generated $385.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $284.5k during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TWIN CITIES CATALYST MUSIC (TCCM) GIVES YOUNG PEOPLE EQUITABLE ACCESS AND OPPORTUNITIES IN THE TWIN CITIES MUSIC SCENE, WHILE GROWING THEM AS PEOPLE PREPARED TO MAKE THE WORLD WORK FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TCCM HOSTED IN-PERSON CONCERTS, VIDEO PERFORMANCE EVENTS, AND RECORDING STUDIO SESSIONS FOR YOUNG PEOPLE LIVING IN THE TWIN CITIES METRO. TCCM HOSTED VIRTUAL ARTIST DEVELOPMENT, MUSIC PRODUCTION, AND VIDEO PRODUCTION PROGRAMS FOR YOUNG PEOPLE LIVING IN THE TWIN CITIES METRO. TCCM PROVIDED PAID YOUTH ADVISORY BOARD OPPORTUNITIES FOR YOUNG PEOPLE LIVING IN THE TWIN CITIES METRO. TCCM PROVIDED PAID YOUTH ADVISORY BOARD OPPORTUNITIES FOR YOUNG PEOPLE LIVING IN THE TWIN CITIES METRO. THE GARAGE RUNS A CAFE DURING EVENTS WHICH SERVES SNACKS, FROZEN PIZZAS, COFFEE, AND ASSORTED BEVERAGES DURING PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack-Kolb Williams Executive Director | Officer | 40 | $61,504 |
Shannon Robison President | OfficerTrustee | 1 | $0 |
Renita Fisher Secretary | OfficerTrustee | 1 | $0 |
James Taylor Vice President | OfficerTrustee | 1 | $0 |
Amir Berenjian Treasurer | OfficerTrustee | 1 | $0 |
Craig Freeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,810 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,498 |
| Total Program Service Revenue | $5,204 |
| Investment income | $109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,741 |
| 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 | $385,561 |
| 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. | $61,504 |
| Compensation of current officers, directors, key employees. | $24,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,512 |
| Advertising and promotion | $2,337 |
| Office expenses | $5,591 |
| Information technology | $3,114 |
| Royalties | $0 |
| Occupancy | $13,916 |
| Travel | $1,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,873 |
| Insurance | $8,387 |
| All other expenses | $0 |
| Total functional expenses | $284,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,600 |
| Savings and temporary cash investments | $27,920 |
| Pledges and grants receivable | $27,333 |
| 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 | $4,129 |
| Net Land, buildings, and equipment | $54,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $400,504 |
| Accounts payable and accrued expenses | $34 |
| Grants payable | $0 |
| Deferred revenue | $48,822 |
| 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 | $9,910 |
| Other liabilities | $0 |
| Total liabilities | $58,766 |
| Net assets without donor restrictions | $299,623 |
| Net assets with donor restrictions | $42,115 |
| 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 | $400,504 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Twin Cities Catalyst Music Inc has recieved totaling $86,566.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $31,000 |
F R Bigelow Foundation Trust 555 St Paul, MN PURPOSE: EASTSIDE CONNECTION | $25,000 |
The Mcneely Foundation St Paul, MN PURPOSE: GENERAL OPERATING SUPPORT EAST SIDE LOCATION | $20,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $10,000 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $550 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
The Schubert Club St Paul, MN | $22,801,473 | $4,063,918 |
Minnetonka Youth Hockey Association Minnetonka, MN | $11,192,985 | $2,520,815 |
Vocalessence Minneapolis, MN | $7,433,658 | $2,557,414 |
Osseo-Maple Grove Youth Hockey Association Osseo, MN | $2,211,214 | $2,250,377 |
American Composers Forum St Paul, MN | $9,023,516 | $1,393,403 |
Lutheran Music Program Minneapolis, MN | $2,920,609 | $1,763,933 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Quad City Symphony Tr Davenport, IA | $15,204,035 | $748,751 |
Shellabration Inc Fort Dodge, IA | $122,265 | $523,549 |