Minnesota Music Teachers Assoc Foundation

Nonprofit profile at a glance

EIN
810635967
IRS 990-EZ coverage
2011–2024
Forms available
Form 990 2010, Form 990-EZ 2024
Location
Bloomington, MN, USA
Phone
9523450629
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$17,220
Expenses
$39,610
Assets
$455,689

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • EMILY RUDQUIST (PRESIDENT)

People named in this filing

  • EMILY RUDQUIST (PRESIDENT)
  • KAY KOEHNEN (VICE-PRESIDE)
  • LAURA HARDING (TREASURER)

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

To improve the quality of music education in Minnesota by supporting the educational and charitable objectives of Minnesota music teachers association (mmta).

What it reported doing in 2024

Grants were awarded to individuals, music associations, and our supported organization, Minnesota music teachers association (mmta). Mmta used our grant funds to award grants to students with scores of highest distinction in educational exams in piano, voice, and music theory; to young artists contest winners; to composition contest winners; and in travel grants to national and division levels of music teachers national association performance competitions.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -130%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 11.5; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 48th percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $40K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.