Overview
What is Minnesota Philharmonic Orchestra?
The Minnesota Philharmonic Orchestra is a nonprofit organization that actively operates within its financial realm. Their primary expenditures include advertising and promotion, insurance coverage, bank and credit card fees, music purchase or rental, license fees, miscellaneous expenses, information technology, and travel expenses. The orchestra's total expenditures amounted to $12,131, with advertising and promotion accounting for $1,365. They also incurred a net loss of $598 due to investments. Beyond financial aspects, the orchestra's mission remains undisclosed in the provided information.
Official website here: www.mnphil.org
Is Minnesota Philharmonic Orchestra legitimate?
Minnesota Philharmonic Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Philharmonic Orchestra submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.mnphil.org
What is the mission statement of Minnesota Philharmonic Orchestra?
The Minnesota Philharmonic Orchestra does not explicitly provide a mission statement in the given information. However, based on the expenditure categories, it can be inferred that the orchestra's primary focus is on presenting and promoting music. The significant expenses on advertising/promotion, music purchase/rental, and information technology suggest an emphasis on concert performances and outreach. The investment loss might indicate a commitment to long-term sustainability and growth, aiming to provide high-quality musical experiences to its audience.
Official website here: www.mnphil.org
Who is the CEO of Minnesota Philharmonic Orchestra?
Derek Waller is the President of Minnesota Philharmonic Orchestra.
Official website here: www.mnphil.org
What is the revenue of Minnesota Philharmonic Orchestra?
Minnesota Philharmonic Orchestra's revenue in 2022 was $106,461.
Official website here: www.mnphil.org
Who are the executives of Minnesota Philharmonic Orchestra and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.mnphil.org
Where can I find the form 990EZ for Minnesota Philharmonic Orchestra?
Minnesota Philharmonic Orchestra's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.mnphil.org
Learn more at the official website: www.mnphil.org
Mission Statement of Minnesota Philharmonic Orchestra
The Minnesota Philharmonic Orchestra, as indicated in the provided data, does not explicitly mention a specific mission or activity description. However, the expense breakdown suggests that the organization invests significantly in music-related expenses. The orchestra spends a substantial amount on purchasing or renting music, totaling $5,567. Additionally, they allocate resources towards advertising and promotion, with an expenditure of $1,365. This likely indicates an effort to engage and attract audiences to their performances. Furthermore, the orchestra incurs various other operational expenses, such as bank and credit card fees, licenses, and miscellaneous costs, amounting to $1,828 in total. The largest non-music-related expense category is information technology, with $2,981 spent. Lastly, the orchestra incurs a net loss of $598 due to investments. This data suggests that the Minnesota Philharmonic Orchestra is a music-centric organization, investing in music acquisition, promotion, and technology to deliver performances to its audience.
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Impact
October, 2024
The Minnesota Philharmonic Orchestra significantly contributes to the cultural landscape of Minneapolis through its commitment to music and the arts. By investing in advertising and promotion, the orchestra enhances its visibility and accessibility, allowing a wider audience to engage with its performances. With expenditures on music purchase and rental, it ensures a diverse repertoire, enriching the community's artistic experience.
Moreover, the organization supports local musicians and composers, fostering a vibrant arts community that highlights regional talent. Investment in information technology enhances operational efficiency and audience connectivity, while travel expenses often facilitate outreach to new audiences and collaborative opportunities with other ensembles.
Despite facing financial challenges, as evidenced by a net loss from investments, the orchestra remains a vital part of the city's artistic ecosystem. Its efforts not only provide entertainment but also enrich the community's cultural identity, making the Minnesota Philharmonic Orchestra an essential player in promoting the arts in the Twin Cities.
This information is meant to be a general summary of Minnesota Philharmonic Orchestra. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $12,106
- Gross Receipts: $107,190
Assets and Liabilities:
- Total Assets: $75,600
- Total Liabilities: $0
- Net Assets: $75,600
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Organization Details
Principal Officer
Derek Waller
Main Address
4101 Harriet Avenue, Minneapolis, MN, 55409
Website
www.mnphil.orgNTEE Category
Code: A69Z - Arts
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