Midwest Fine Arts Society Inc
- Assets
- $24.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 82-1126788
Organization Overview
Midwest Fine Arts Society Inc is located in Schaumburg, IL. The organization was established in 2017. 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. Midwest Fine Arts Society 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 12/2023, Midwest Fine Arts Society Inc generated $98.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $95.9k during the year ending 12/2023. While expenses have increased by 7.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hoffman Pres | 10 | $2,375 | |
Takaharu Matsunaga Member | 10 | $1,500 | |
William Decherd Member | 10 | $0 | |
Thomas T Miyano Member | 10 | $0 | |
Kazuyoshi Miyano Member | 10 | $0 | |
Scott Nowlan Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $98,022 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,022 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25,322 |
| Occupancy, rent, utilities, and maintenance | $60,367 |
| Printing, publications, postage, and shipping | $412 |
| Other expenses | $9,801 |
| Total expenses | $95,902 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,736 |
| Other assets | $0 |
| Total assets | $24,736 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,736 |