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Nonprofiteer
← TWIN CITIES OPERA GUILD INC

Form 990 for tax year 2023

Filed by TWIN CITIES OPERA GUILD INC.

Totals

Total revenue
$165,958
Total expenses
$132,520
Contributions and grants received
$135,337
Grants paid
$101,265
Program service revenue
$10,519
Investment income
$18,936
Other revenue
$1,166
Total assets, end of year
$623,446
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$623,446
Program services expenses (Part IX)
$113,206
Management and general expenses
$16,630
Fundraising expenses
$2,684
Program service expenses (Part III)
$113,206

Program services were 85.4% 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.

  • 1b · Membership dues

    $6,958

  • 1c · Fundraising events

    $56,474

  • 1f · All other contributions, gifts and grants

    $71,905

  • 2a · Program service revenue: Ad Revenue

    total $300 · excluded $300

  • 2b · Program service revenue: Member and Friend Events

    total $10,219 · excluded $10,219

  • 3 · Investment income

    total $18,936

  • 8a · Fundraising events: gross income

    $31,592

  • 8a · Fundraising events: contributions included on line 1c

    $56,474

  • 8b · Fundraising events: direct expenses

    $30,426

  • 8c · Net income from fundraising events

    total $1,166

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,265 · program services $101,265

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $625 · management and general $625

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $10,501 · management and general $7,817 · fundraising $2,684

  • 13 · Office expenses

    total $4,161 · management and general $4,161

  • 14 · Information technology

    total $1,399 · management and general $1,399

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,248 · management and general $1,248

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $12,751 · program services $11,941 · management and general $810

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $570 · management and general $570

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,878 · end of year $121,473

  • 11 · Investments: publicly traded securities

    beginning of year $442,939 · end of year $501,973

  • 31 · Retained earnings, endowment or other funds

    beginning of year $575,817 · end of year $623,446

Mission and programs · 2023

Mission

Grants are given for opera and music education programs for children. In 2023 TCOG programs served 28600 children

  • All grants and awards were made for the education and teaching of opera and music through schools and public institutions.

    Expenses $113,206 · Grants $71,905 · Revenue $135,337

As filed on the 2023 return.

Listed in Part VII

  • Kathryn Keefer

    President

    Total calculated
    $0
    Hours/week
    10

  • Colleen Nelson

    1st Vice President

    Total calculated
    $0
    Hours/week
    1

  • Nancy Vershey

    2nd Vice President

    Total calculated
    $0
    Hours/week
    1

  • Lynn Beck

    Recording Secretary

    Total calculated
    $0
    Hours/week
    2

  • Velia Melrose

    Corresponding Secretary

    Total calculated
    $0
    Hours/week
    2

  • Arlene Goodman Alm

    Treasurer

    Total calculated
    $0
    Hours/week
    12

  • Nancy Nelson

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Nancy Vershey

    Membership Treasurer

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
6 September 2024
IRS schema version
2023v5.1
Source object
202412509349301811

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