Schubert Club The

Nonprofit profile at a glance

EIN
410945277
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
St Paul, MN, USA
Phone
6512923267
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Official website

Reported finances

Revenue
$4,454,231
Expenses
$2,690,034
Assets
$31,216,735
Liabilities
$746,306

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

Leadership & pay

35 people listed

Executive titles in this filing

  • LAURA MCCARTEN (PRESIDENT)

Highest reported compensation

  • BARRY KEMPTON (ARTISTIC AND EXECUTIVE DIR): $223,531 total reported compensation
  • AMY MARRET (DIRECTOR OF DEVELOPMENT): $117,805 total reported compensation
  • JANET PETERSON (BUSINESS MANAGER): $104,133 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Schubert club creates inspiring musical experiences that contribute to the cultural vibrancy of the twin cities community through concert presentations, music education and student scholarship programs, and musuem exhibits.

What it reported doing in 2024

Music education and community engagementschubert club believes that music education and arts access are essential components of a culturally rich and vibrant community. Project cheer offered free music lessons at the hallie q. Brown community center and the mt. Airy boys and girls club in saint paul. The program was started in partnership with hallie q. Brown in 1969. Approximately 100 students in grades 1-12 received piano, guitar, and rhythm lessons in 2024-25.see schedule o for additional program language.schubert club hosted three multi-event music education residencies throughout the year led by gifted teaching artists. Kidsjam is an interactive educational program for kids ages 5-12 to play, listen, learn and create with music. During its 10th season, kidsjam workshops took place at the schubert club music museum and three saint paul public schools. Familyjam is a series of free, music museum-based concerts and activities for families on saturday mornings.the let's make music program offered interactive group events held throughout the year in the schubert club music museum, led by popular twin cities musicians using instruments from the museum. Five new museum mini programs were recorded and added to the collection of free, online virtual learning experiences that showcase instruments from the music museum.student scholarshipsthe bruce p. Carlson student scholarship competition, held annually since 1922, attracted almost 200 student musicians from the five-state region, from junior high to graduate school level. 47 scholarships with a total value of $71,750 were awarded to competition winners in six categories. Schubert club also awarded four jazz piano scholarships, and expanded the musical promise scholarship program to five students, with grants for these programs totaling over $20,000.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 79%; rating input score 79
  • Fundraising efficiency: $12.26 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 39.6%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 11.6; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 16.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 79% of spending went to programs
  • Governance: 32 of 32 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $224K · 35 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.