Major Chords For Minors
- Assets
- $27.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 7
- Location
- Saginaw, MI
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 90-0624610
Organization Overview
Major Chords For Minors is located in Saginaw, MI. The organization was established in 2011. 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, Major Chords For Minors employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Major Chords For Minors 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, Major Chords For Minors generated $105.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $99.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
TAUGHTDISADVANTAGEDCHILDRENMUSICAPPRECIATIONANDPRIVATEINSTRUCTIONWITHOUTFEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Kranz Instructor | 12 | $22,100 | |
John Vowell II President Co-Founder | 30 | $20,952 | |
Ben Champagne Instructor | 10 | $12,000 | |
Lisa Kelly Director | 30 | $5,902 | |
Brad Donley Instructor | 12 | $3,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,001 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,979 |
| Other Revenue | $0 |
| Total Revenue | $104,980 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,082 |
| Professional fees and other payments to independent contractors | $22,259 |
| Occupancy, rent, utilities, and maintenance | $3,493 |
| Printing, publications, postage, and shipping | $1,308 |
| Other expenses | $21,550 |
| Total expenses | $99,692 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,245 |
| Other assets | $0 |
| Total assets | $27,266 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,266 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Major Chords For Minors has recieved totaling $37,913.
| Awarding Organization | Amount |
|---|---|
William Mcnally Family Foundation Saginaw, MI PURPOSE: YOUTH MUSIC EDUCATION | $20,000 |
Robert W And Eileen E Hesse Memorial Fund Saginaw, MI PURPOSE: ORGANIZATION'S DISCRETION | $9,000 |
Saginaw Community Foundation Saginaw, MI PURPOSE: PROGRAMS | $6,250 |
Charles F And Adeline L Barth Charitable Foundation Saginaw, MI PURPOSE: OUTLET FOR CHILDREN TO EXPLORE MUSIC | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
St Cecilia Music Society Grand Rapids, MI | $7,058,689 | $2,105,798 |
Alive On The Lakeshore Muskegon, MI | $1,205,753 | $606,207 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |