Form 990 for tax year 2024
Filed by ITASCA ORCHESTRA AND STRINGS PROGRAM.
Totals
- Total revenue
- $485,078
- Total expenses
- $266,352
- Contributions and grants received
- $373,206
- Grants paid
- $0
- Program service revenue
- $113,826
- Investment income
- -$3,136
- Other revenue
- $1,182
- Total assets, end of year
- $397,806
- Total liabilities, end of year
- $12,035
- Net assets or fund balances, end of year
- $385,771
- Program services expenses (Part IX)
- $195,358
- Management and general expenses
- $70,994
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $195,358
Program services were 73.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$23,522
-
1f · All other contributions, gifts and grants
$349,684
-
2a · Program service revenue: TUITION FEES
total $76,808 · related or exempt $76,808
-
2b · Program service revenue: CONCERT UNDERWRITERS
total $10,628 · related or exempt $10,628
-
2c · Program service revenue: CONSULTING SERVICES
total $8,230 · related or exempt $8,230
-
2d · Program service revenue: TICKET SALES
total $7,439 · related or exempt $7,439
-
2e · Program service revenue: WORKSHOPS & CAMPS
total $4,652 · related or exempt $4,652
-
2f · All other program service revenue
total $6,069 · related or exempt $2,469 · unrelated business $3,600
-
3 · Investment income
total $4,069 · excluded $4,069
-
7a · Gross sales of assets other than inventory
securities $622,224
-
7b · Less cost or other basis and sales expenses
securities $629,429
-
7c · Gain or loss
securities -$7,205
-
7d · Net gain or loss
total -$7,205 · related or exempt -$7,205
-
8a · Fundraising events: gross income
$864
-
8c · Net income from fundraising events
total $864 · excluded $864
-
10a · Gross sales of inventory
$576
-
10b · Cost of goods sold
$258
-
10c · Net income from sales of inventory
total $318 · related or exempt $318
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $159,649 · program services $119,737 · management and general $39,912
-
9 · Other employee benefits
total $7,409 · program services $1,204 · management and general $6,205
-
10 · Payroll taxes
total $12,482 · program services $9,361 · management and general $3,121
-
11b · Fees: legal
total $142 · management and general $142
-
11c · Fees: accounting
total $5,890 · program services $2,945 · management and general $2,945
-
11f · Fees: investment management
total $1,404 · management and general $1,404
-
11g · Fees: other
total $30,917 · program services $26,502 · management and general $4,415
-
12 · Advertising and promotion
total $1,075 · program services $1,075
-
13 · Office expenses
total $11,256 · program services $5,364 · management and general $5,892
-
16 · Occupancy
total $8,795 · program services $5,287 · management and general $3,508
-
17 · Travel
total $6,397 · program services $5,356 · management and general $1,041
-
18 · Travel or entertainment for public officials
total $321 · program services $321
-
19 · Conferences, conventions and meetings
total $8,665 · program services $8,665
-
22 · Depreciation, depletion and amortization
total $3,150 · program services $3,150
-
23 · Insurance
total $3,180 · program services $1,514 · management and general $1,666
-
24a · Other expenses: SUPPLIES
total $5,031 · program services $4,528 · management and general $503
-
24b · Other expenses: FED & STATE TAXES
total $349 · program services $349
-
24c · Other expenses: MISCELLANEOUS
total $240 · management and general $240
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,663 · end of year $1,928
-
2 · Savings and temporary cash investments
beginning of year $119,334 · end of year $94,102
-
4 · Accounts receivable
beginning of year $14,560 · end of year $25,230
-
9 · Prepaid expenses and deferred charges
beginning of year $144
-
10a · Land, buildings and equipment: cost or other basis
$32,719
-
10b · Land, buildings and equipment: accumulated depreciation
$15,977
-
10c · Land, buildings and equipment, net
beginning of year $11,889 · end of year $16,742
-
11 · Investments: publicly traded securities
end of year $220,888
-
15 · Other assets
beginning of year $38,916 · end of year $38,916
-
17 · Accounts payable and accrued expenses
beginning of year $22,852 · end of year $10,420
-
25 · Other liabilities
beginning of year $6,855 · end of year $1,615
-
27 · Net assets without donor restrictions
beginning of year $154,950 · end of year $318,984
-
28 · Net assets with donor restrictions
beginning of year $2,849 · end of year $66,787
Mission and programs · 2024
Mission
TO PROVIDE OPPORTUNITIES TO HEAR, LEARN AND PERFORM ORCHESTRAL MUSIC FOR THE YOUTH AND ADULTS IN ITASCA COUNTY
-
THE ORGINAZATION TEACHES STUDENTS OF ALL AGES TO PLAY MUSIC THROUGH ITS ORHESTRA AND STRINGS PROGRAMS. THE ORGINAZATION ALSO PROVIDES OPPORTUNITIESFOR THESE STUDENTS TO PERFORM IN CONSERTS THAT ARE OPEN TO THE PUBLIC
Expenses $195,358 · Revenue $113,826
As filed on the 2024 return.
Listed in Part VII
-
MYRNA PETERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
EILEEN GROSLAND
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
TOM NELSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
KIRK GILBERTSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
GARY BORDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARY LAPLANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 March 2026
- IRS schema version
- 2024v5.0
- Source object
- 202631059349302338
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