Minnesota Philharmonic Orchestra
Nonprofit profile at a glance
- EIN
- 411750820
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2012
- Location
- Minneapolis, MN, USA
- Phone
- 6126565676
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $127,221
- Expenses
- $154,703
- Assets
- $154,742
- Liabilities
- $2,694
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Daniel Meyers (President)
- Kierra Lopac (Vice President)
People named in this filing
- Rebecca Eilers (Board Member)
- Raymond Cannon (Board Member)
- Hannah Lutz (Board Member)
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 provide diverse arts entertainment of the highest quality, resulting in increased visibility for the musical talents of the GLBTQA community.
What it reported doing in 2024
The MPO successfully carried out its mission in its 2024-25 season and fiscal year, continuing its annual commissioning project, showcasing diverse composers, increasing audience attendance, offering free tickets using a pay-what-you-can ticketing model, and expanding the musical repertoire for orchestral performance by providing opportunities to composers from underrepresented communities. Under the direction of Dr. Brian Dowdy, the MPO presented 3 concerts featuring music by Nkeiru Okoye, alongside that of better-known composers including Leonard Bernstein, Dmitri Shostakovich, Margaret Bonds and Aaron Copland; a children's program; and a pride-themed program. The MPO also premiered a new work it commissioned from composer Liza Sobel Crane, titled Liza's Tenth for Walter. This commission was part of an annual project that provides compositional opportunities to composers from underrepresented communities, expanding the musical repertoire for orchestral performance. The MPO had a successful financial year thanks to the generous support of individual donors and public and private granting organizations. The MPO increased donors and revenue from individuals and families and won grants from the Minnesota State Arts Board and Xcel Energy Foundation. The 2024-25 season has set up the MPO for success in continuing to fulfill its mission and provide diverse orchestra entertainment for musicians and community members alike.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.1%; rating input score 84
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: -21.6%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 10.9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 22.2% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 7/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.