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Nonprofiteer
← MANKATO SYMPHONY ORCHESTRA ASSOCIATION INC

Form 990 for tax year 2022

Filed by MANKATO SYMPHONY ORCHESTRA ASSOCIATION INC.

Totals

Total revenue
$367,721
Total expenses
$272,889
Contributions and grants received
$237,056
Grants paid
$0
Program service revenue
$35,971
Investment income
$93,941
Other revenue
$753
Total assets, end of year
$722,181
Total liabilities, end of year
$6,921
Net assets or fund balances, end of year
$715,260
Program services expenses (Part IX)
$116,092
Management and general expenses
$156,797
Fundraising expenses
$0
Program service expenses (Part III)
$116,092

Program services were 42.5% 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.

  • 1e · Government grants (contributions)

    $48,635

  • 1f · All other contributions, gifts and grants

    $188,421

  • 2a · Program service revenue: PERFORMANCES AND OTHER

    total $35,971 · related or exempt $35,971

  • 3 · Investment income

    total $15,767 · excluded $15,767

  • 7a · Gross sales of assets other than inventory

    securities $659,467

  • 7b · Less cost or other basis and sales expenses

    securities $581,293

  • 7c · Gain or loss

    securities $78,174

  • 7d · Net gain or loss

    total $78,174 · excluded $78,174

  • 8a · Fundraising events: gross income

    $13,698

  • 8b · Fundraising events: direct expenses

    $12,945

  • 8c · Net income from fundraising events

    total $753 · excluded $753

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $62,795 · management and general $62,795

  • 7 · Other salaries and wages

    total $26,718 · program services $1,200 · management and general $25,518

  • 9 · Other employee benefits

    total $6,802 · management and general $6,802

  • 11c · Fees: accounting

    total $16,053 · management and general $16,053

  • 11f · Fees: investment management

    total $2,164 · management and general $2,164

  • 11g · Fees: other

    total $93,903 · program services $93,903

  • 12 · Advertising and promotion

    total $10,526 · management and general $10,526

  • 13 · Office expenses

    total $4,278 · management and general $4,278

  • 15 · Royalties

    total $787 · program services $787

  • 16 · Occupancy

    total $1,100 · management and general $1,100

  • 22 · Depreciation, depletion and amortization

    total $1,504 · program services $1,504

  • 23 · Insurance

    total $1,931 · management and general $1,931

  • 24a · Other expenses: CONTINUING EDUCATION

    total $12,203 · program services $437 · management and general $11,766

  • 24b · Other expenses: BROCHURE

    total $9,109 · management and general $9,109

  • 24c · Other expenses: CONCERT HALL EXPENSES

    total $7,510 · program services $7,510

  • 24d · Other expenses: PROGRAMS

    total $4,603 · program services $4,603

  • 24e · All other expenses

    total $10,903 · program services $6,148 · management and general $4,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,605 · end of year $62,939

  • 2 · Savings and temporary cash investments

    beginning of year $8,379 · end of year $67,530

  • 3 · Pledges and grants receivable

    beginning of year $62,205 · end of year $55,597

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150 · end of year $150

  • 10a · Land, buildings and equipment: cost or other basis

    $64,509

  • 10b · Land, buildings and equipment: accumulated depreciation

    $62,479

  • 10c · Land, buildings and equipment, net

    beginning of year $3,534 · end of year $2,030

  • 11 · Investments: publicly traded securities

    beginning of year $471,904 · end of year $533,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,094 · end of year $6,921

  • 27 · Net assets without donor restrictions

    beginning of year $519,153 · end of year $587,010

  • 28 · Net assets with donor restrictions

    beginning of year $113,530 · end of year $128,250

Mission and programs · 2022

Mission

TO CREATE EMOTION-PACKED, HIGH QUALITY MUSICAL EXPERIENCES AND PROMOTE MUSICAL EDUCATION IN AND FOR SOUTH CENTRAL MINNESOTA.

Activities or mission (Part I)

TO OFFER EXCITING, HIGH QUALITY MUSICAL EVENTS AND MUSICAL EDUCATION FOR SOUTH CENTRAL MINNESOTA.

  • THE ASSOCIATION PRESENTED SYMPHONY CONCERTS FOR THE GENERAL PUBLIC, CONDUCTED SYMPHONY PRACTICES AND CONCERTS, AND PROVIDED MUSICAL EDUCATION AND PERFORMANCE OPPORTUNITIES FOR MUSICIANS AND THE PUBLIC.

    Expenses $116,092 · Revenue $35,971

As filed on the 2022 return.

Listed in Part VII

  • Christopher Paul

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • David Knopick

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Viktoria Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Benjamin Findley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Sarah Houle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Andrew McNamara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Melinda Wedzina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Thomas Lentz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jameel Haque

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Chris Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Eric Woller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Joe Meidl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Katie Heintz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Bethel Balge

    EXECUTIVE DIRECTOR

    Total calculated
    $62,795
    From this org
    $62,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
20 February 2024
IRS schema version
2022v5.0
Source object
202430579349301193

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