Source Song Festival
Nonprofit profile at a glance
- EIN
- 811519522
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2022
- Location
- Minneapolis, MN, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $106,743
- Expenses
- $62,848
- Assets
- $143,973
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Will Haugen (Officer - President - termed off per bylaws Nov 2025)
- Jane Moore (Officer - Vice President Jan-Nov and President Nov-Dec)
People named in this filing
- Will Haugen (Officer - President - termed off per bylaws Nov 2025)
- David Lawrence (Officer - Treasurer)
- Paul Rudoi (Officer - Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Fostering Art Song Education & Experience
What it reported doing in 2025
6-day Festival Program for pianists singers composers & audiences including masterclasses lectures workshops & concerts led by established artists and teachers in the field of art song. 24 Festival students pay tuition for the week while audiences 100+ daily purchase tickets for nightly events.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% 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.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.8%; rating input score 59
- 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: Yes; rating input score 100
Sustainability
- Operating margin: 41.1%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 2.29; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 13.7% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 18.1% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 58.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $63K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.