Civic Intelligence

Elgin Master Chorale Inc

EIN 36-2782591 • 501(c)3 • Elgin, IL

Profile

At the elgin master chorale, we are committed to achieving the highest standards of excellence in choral music, enriching, and educating both our members and audiences through joyful and inspiring performances.

1700 Spartan DriveElgin, IL 60123

www.elginmasterchorale.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

63rd percentile

5.5%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

-2.5%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$253,558

Up $29,693 (+13%) from 2022

Liabilities

Up

$6,207

Up $2,150 (+53%) from 2022

Net Assets

Up

$247,351

Up $27,543 (+13%) from 2022

Revenue

Up

$338,885

Up $18,698 (+5.8%) from 2022

Expenses

Up

$338,833

Up $62,652 (+23%) from 2022

Net Income

Down

$52

Down $43,954 (-100%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2019: $114,438Liabilities 2019: $0Net Assets 2019: $114,4382019Assets 2020: $95,523Liabilities 2020: $34,931Net Assets 2020: $60,5922020Assets 2021: $212,207Liabilities 2021: $27,870Net Assets 2021: $184,3372021Assets 2022: $223,865Liabilities 2022: $4,057Net Assets 2022: $219,8082022Assets 2024: $253,558Liabilities 2024: $6,207Net Assets 2024: $247,3512024

Highlighted filing

2024

Assets$253,558
Liabilities$6,207
Net Assets$247,351

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2019: $275,099Expenses 2019: $287,593Net Income 2019: -$12,4942019Revenue 2020: $200,437Expenses 2020: $254,283Net Income 2020: -$53,8462020Revenue 2021: $328,241Expenses 2021: $210,396Net Income 2021: $117,8452021Revenue 2022: $320,187Expenses 2022: $276,181Net Income 2022: $44,0062022Revenue 2024: $338,885Expenses 2024: $338,833Net Income 2024: $522024

Highlighted filing

2024

Revenue$338,885
Expenses$338,833
Net Income$52

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 18, 2024
Return Version
2023v5.1
Gross Receipts
$346,928
Mission and Program Overview

Mission

We, the elgin master chorale, are dedicated to the highest standards of excellence in creating and performing choral music for the joy, enrichment, and education of our membership and our audiences.

At the elgin master chorale, we are committed to achieving the highest standards of excellence in choral music, enriching, and educating both our members and audiences through joyful and inspiring performances.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$147,236$142,569▼ $4,667
Accounts Receivable-$58,065-
Cash and Non-Interest-Bearing Accounts$29,995$40,227▲ $10,232
Savings and Temporary Cash Investments$12,696$12,697▲ $1
Prepaid Expenses and Deferred Charges$4,322--
Land, Buildings, and Equipment, Net$0--
Total Assets$194,249$253,558▲ $59,309
Liabilities
Accounts Payable and Accrued Expenses$9,792$6,207▼ $3,585
Total Liabilities$9,792$6,207▼ $3,585
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,457$243,959▲ $59,502
Net Assets With Donor Restrictions-$3,392-
Total Net Assets Fund Balance$184,457$247,351▲ $62,894
Total Liabilities and Net Assets / Fund Balance$194,249$253,558▲ $59,309
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$168,191
Program Service Revenue
$143,407
Investment Income
$4,686
Other Revenue
$22,601
All Other Contributions
$144,876
Change in Net Assets
$52
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,009
Salaries, Compensation, and Employee Benefits$153,824
Total Fundraising Expense$14,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,767$34,347-$143,114
All Other Expenses$14,064$3,921$10,371$28,356
Office Expenses$13,170$5,652-$18,822
Payroll Taxes$8,140$2,570-$10,710
Occupancy$10,086--$10,086
Other Expenses$8,700$6,745-$6,745
Insurance-$4,724-$4,724
Information Technology$512-$4,127$4,639
Fees for Services Accounting-$2,255-$2,255
Advertising$2,092--$2,092
Fees for Service Investment Mgmnt Fees-$1,464-$1,464
Total Functional Expenses$259,910$64,425$14,498$338,833
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,644
Fundraising Direct Expenses$8,043
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$30,644$30,644$8,043$22,601
Total Events$30,644$30,644$8,043$22,601
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Steven martin, former executive director and lynn martin, development officer are married. Each reported to the board president during the current fiscal year. After year-end, steven martin retired and is no longer affiliated with the organization in an official capacity.

Form 990, Part VI, Section B, Line 11B

Finance committee reviews and approves data to accountant; the treasurer reviews the draft and presents a copy of the proposed 990 to be filed; board of directors approves the filing, after which it is filed.

Form 990, Part VI, Section B, Line 12C

The board members and key employees sign the conflict of interest policy annually. If a conflict were to arise during the year, it would be up to the board member or employee to disclose it at that time.

Form 990, Part VI, Section B, Line 15

An annual performance review is conducted and approved by the board of directors to determine compensation.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public by request.

Filing and Contact Details

Filer

Filer Name
Elgin Master Chorale Inc
EIN
36-2782591
Phone
8472147225
Address
1700 SPARTAN DRIVE, ELGIN, IL 60123

Signing Officer

Name
Thomas Schael
Title
Treasurer
Phone
8472147225
Signed
2024-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Rossow
Formed
1966
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
7
Volunteers
130

Preparer

Firm
Tighe Kress & Orr Pc
Address
2205 POINT BLVD SUITE 100, ELGIN, IL 60123
Preparer
Vicki M Michalski CPA
Phone
8476952700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization adopted the implementation of fasb asc 740. Under fasb asc 740, management must evaluate the positions it has taken on tax returns. Management has determined that there are no tax positions that would result in a more likely than not (50% chance) of not being sustained under a potential audit or examination.

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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0143407
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012696
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012697
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt025657
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt025657
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0266164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0302190
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0244533
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0320566
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0134834
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01268287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04686
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0-1572
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0148
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0118
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01484
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04864
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt045434
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt050693
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt027153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt096343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0221168
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt030644
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt025185
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt020604
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt07355
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt02771
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt086559
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04686
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0-1572
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0148
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0118
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01484
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04864
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00240
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.75720
IRS990ScheduleA/PublicSupportPY509Pct00.76830
IRS990ScheduleA/PublicSupportTotal509Amt01197000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt094257
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt015353
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt083804
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0146700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt038900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0379014
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt068600
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt015353
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt083804
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0146700
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt038900
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0353357
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0342242
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0378068
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0292290
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0329466
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0233948
IRS990ScheduleA/Total509Grp/TotalAmt01576014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0346928
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0376496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0292438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0329584
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0235432
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01580878
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE IMPLEMENTATION OF FASB ASC 740. UNDER FASB ASC 740, MANAGEMENT MUST EVALUATE THE POSITIONS IT HAS TAKEN ON TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO TAX POSITIONS THAT WOULD RESULT IN A MORE LIKELY THAN NOT (50% CHANCE) OF NOT BEING SUSTAINED UNDER A POTENTIAL AUDIT OR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08043
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030644
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt030644
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030644
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030644
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt022601
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08043
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08043
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEVEN MARTIN, FORMER EXECUTIVE DIRECTOR AND LYNN MARTIN, DEVELOPMENT OFFICER ARE MARRIED. EACH REPORTED TO THE BOARD PRESIDENT DURING THE CURRENT FISCAL YEAR. AFTER YEAR-END, STEVEN MARTIN RETIRED AND IS NO LONGER AFFILIATED WITH THE ORGANIZATION IN AN OFFICIAL CAPACITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCE COMMITTEE REVIEWS AND APPROVES DATA TO ACCOUNTANT; THE TREASURER REVIEWS THE DRAFT AND PRESENTS A COPY OF THE PROPOSED 990 TO BE FILED; BOARD OF DIRECTORS APPROVES THE FILING, AFTER WHICH IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS AND KEY EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IF A CONFLICT WERE TO ARISE DURING THE YEAR, IT WOULD BE UP TO THE BOARD MEMBER OR EMPLOYEE TO DISCLOSE IT AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED AND APPROVED BY THE BOARD OF DIRECTORS TO DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL

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