Diverse Emerging Music Organization
Nonprofit profile at a glance
- EIN
- 411955210
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Minneapolis, MN, USA
- Phone
- 9522394100
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $112,245
- Expenses
- $71,227
- Assets
- $115,101
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Theodore Martin (President)
- Mitch Thompson (Executive Director)
People named in this filing
- Theodore Martin (President)
- Thomas Maruska (Treasurer)
- Mitch Thompson (Executive Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Founded in 1999 as the diverse arts and music foundation, the diverse emerging music organization (demo) is a Minnesota 501(c)3 non-profit corporation whose mission is "sustaining and promoting Minnesota's independent music legacy". We do this by providing a performance space for local artists to introduce their music, curating a small museum and collaboration space focused on local music, and sponsoring the Minnesota music archive. About the Minnesota music archive project: the goal of the Minnesota music archive project is to create a comprehensive digital archive of every independent and small commercial recording ever released by Minnesota musicians, preserving these recordings for future generations and sustaining Minnesota's rich musical legacy.
What it reported doing in 2024
Support the preservation and archival of local Minnesota music.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.3%; rating input score 59
- Program expense ratio: 93%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 36.5%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.62; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 34.3%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 59.3% of revenue deployed · 93% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $66K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Sustainability: Officer compensation ratio scored 9/100.