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The Music Coop

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 825413428 ✦ Excelsior, MN ✦ Designated as a 501(c)(3)

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Overview

What is The Music Coop?

The Music Coop is a nonprofit organization situated in Excelsior, Minnesota. Dedicated to music education, it offers affordable lessons for both children and adults, providing an inclusive platform for individuals to explore and nurture their musical talents. Beyond lessons, The Music Coop offers performance opportunities, allowing its students to showcase their skills and grow in confidence. Furthermore, the organization hosts free live events, fostering a sense of community and appreciation for music.


Official website here: www.musiccoopmn.org

Is The Music Coop legitimate?

The Music Coop is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Music Coop 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,783

For more financial information, click here


Official website here: www.musiccoopmn.org

What is the mission statement of The Music Coop?

The Music Coop's mission is centered around providing affordable music lessons for both children and adults. It also offers performance opportunities and hosts free live events. The primary goal is to foster a musical community where everyone has the chance to learn and perform, promoting the love for music.


Official website here: www.musiccoopmn.org

What is the revenue of The Music Coop?

The Music Coop's revenue in 2024 was $205,196.


Official website here: www.musiccoopmn.org

Who are the executives of The Music Coop and what are their salaries?

The average compensation at The Music Coop during 2024 was $6,928. There are 3 employees and 2 volunteers at The Music Coop.

Here are 8 key members and their salaries:


Christopher Fahey (Executive Director)
  • Compensation: $53,740
  • Related: $0
  • Other: $0
Cooper Alt (Managing Director)
  • Compensation: $41,686
  • Related: $0
  • Other: $0
Shannon Fahey (Director Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicolette Andree (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Cox-Thurmond (Director)
  • Compensation: $15,635
  • Related: $0
  • Other: $0
Emma Shukle (Director)
  • Compensation: $32,618
  • Related: $0
  • Other: $0
Louwenda Kachingwe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Benson (Financial Administrator)
  • Compensation: $3,219
  • Related: $0
  • Other: $0


Official website here: www.musiccoopmn.org

Where can I find the form 990 for The Music Coop?

The Music Coop's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.musiccoopmn.org

Learn more at the official website: www.musiccoopmn.org

Mission Statement of The Music Coop

The Music Coop, as a nonprofit organization, is dedicated to providing affordable music lessons for both children and adults. Its mission extends beyond just teaching musical skills, as it also offers performance opportunities and hosts free live events. This organization aims to foster a community of musicians in Excelsior, MN, where individuals of all ages can learn, practice, and showcase their talents. The Music Coop's initiatives are designed to promote musical growth and provide a platform for performance, ultimately enriching the lives of its participants.

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Impact




October, 2024

The Music Coop has a significant impact on the local community in Excelsior, MN, by providing accessible music education and performance opportunities for both children and adults. By offering affordable music lessons, it empowers individuals of all ages to explore their musical talents, fostering creativity and building skills that can last a lifetime. The inclusion of free live events promotes community engagement and cultural enrichment, allowing residents to experience and appreciate the arts without financial barriers. Through its initiatives, The Music Coop not only enhances individual artistic growth but also cultivates a vibrant arts community that benefits all residents of Excelsior.




This information is meant to be a general summary of The Music Coop. 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.

Revenue
$205,196 (2024)
Expenses
$213,398 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $19
  • Program Service Revenue: $194,558
  • Gross Receipts: $206,392

Assets and Liabilities:

  • Total Assets: $30,603
  • Total Liabilities: $618
  • Net Assets: $29,985

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Musical Groups and Artists

Revenue

$194,558

Program 2

Revenue

$0

Program 3

Revenue

$0

Program 4

Revenue

$0

Program 5

Revenue

$0

Organization Details

Principal Officer

Christopher Fahey

NTEE Category

Code: A68 - Arts

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