Major Chords For Minors
- Assets
- $12.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 7
- Location
- Saginaw, MI
- Founding
- 07/2011
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Major Chords For Minors generated $113.5k 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 (5.3%) each year. All expenses for the organization totaled $139.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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
2022
Describe the Organization's Program Activity:
Part 3
TAUGHT DISADVANTAGED CHILDREN MUSIC APPRECIATION AND PRIVATE INSTRUCTION WITHOUT FEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Kranz Instructor | 12 | $33,144 | |
Lisa Kelly Director | 30 | $37,645 | |
Brad Donley Instructor | 12 | $18,479 | |
Ben Donley Instructor | 10 | $13,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,464 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,000 |
| Other Revenue | $0 |
| Total Revenue | $113,464 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,178 |
| Professional fees and other payments to independent contractors | $54,319 |
| Occupancy, rent, utilities, and maintenance | $4,000 |
| Printing, publications, postage, and shipping | $1,110 |
| Other expenses | $16,939 |
| Total expenses | $139,546 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $441 |
| Other assets | $0 |
| Total assets | $12,462 |
| Total liabilities | $11,278 |
| Net assets or fund balances | $1,184 |