Civic Intelligence

Minneapolis Guitar Quartet Association

990EZ • Fiscal year 2019 • EIN 41-1847214

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 23, 2020

2550 Dupont Avenue SouthMinneapolis, MN 55405-3506

(612) 374-4681

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

43rd percentile

0.5%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

49th percentile

1.3%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-8.1%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$27,147

Up $349 (+1.3%) from 2018

Net Assets

Up

$27,147

Up $349 (+1.3%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$68,325

Down $6,027 (-8.1%) from 2018

Expenses

Up

$67,976

Up $12,462 (+22%) from 2018

Net Income

Down

$349

Down $18,489 (-98%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2010: $21,610Net Assets 2010: $21,6102010Assets 2011: $20,462Net Assets 2011: $20,4622011Assets 2012: $14,131Net Assets 2012: $14,1312012Assets 2013: $24,627Net Assets 2013: $24,6272013Assets 2014: $23,520Net Assets 2014: $23,5202014Assets 2015: $21,646Net Assets 2015: $21,6462015Assets 2016: $9,308Liabilities 2016: $0Net Assets 2016: $9,3082016Assets 2017: $7,960Liabilities 2017: $0Net Assets 2017: $7,9602017Assets 2018: $26,798Liabilities 2018: $0Net Assets 2018: $26,7982018Assets 2019: $27,147Liabilities 2019: $0Net Assets 2019: $27,1472019Assets 2020: $5,628Liabilities 2020: $0Net Assets 2020: $5,6282020Assets 2021: $9,921Liabilities 2021: $0Net Assets 2021: $9,9212021Assets 2022: $9,649Liabilities 2022: $0Net Assets 2022: $9,6492022

Highlighted filing

2019

Assets$27,147
Liabilities$0
Net Assets$27,147

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2010: $96,100Expenses 2010: $77,267Net Income 2010: $18,8332010Revenue 2011: $49,027Expenses 2011: $50,175Net Income 2011: -$1,1482011Revenue 2012: $58,284Expenses 2012: $64,615Net Income 2012: -$6,3312012Revenue 2013: $96,610Expenses 2013: $86,114Net Income 2013: $10,4962013Revenue 2014: $62,037Expenses 2014: $63,144Net Income 2014: -$1,1072014Revenue 2015: $57,692Expenses 2015: $59,566Net Income 2015: -$1,8742015Revenue 2016: $23,942Expenses 2016: $36,280Net Income 2016: -$12,3382016Revenue 2017: $53,570Expenses 2017: $54,918Net Income 2017: -$1,3482017Revenue 2018: $74,352Expenses 2018: $55,514Net Income 2018: $18,8382018Revenue 2019: $68,325Expenses 2019: $67,976Net Income 2019: $3492019Revenue 2020: $19,663Expenses 2020: $41,182Net Income 2020: -$21,5192020Revenue 2021: $13,181Expenses 2021: $8,888Net Income 2021: $4,2932021Revenue 2022: $19,028Expenses 2022: $19,300Net Income 2022: -$2722022

Highlighted filing

2019

Revenue$68,325
Expenses$67,976
Net Income$349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 23, 2020
Return Version
2019v5.0
Gross Receipts
$71,784
Mission and Program Overview

Mission

To provide guitar quartet education & promotion through educational opportunities and concerts.

See schedule attached please

Program Services

DescriptionGrantsExpenses
To promote the viability of the guitar quartet through national & regional performances, 23 concert performances with 2,145 people in attendanc$22,187$67,976
There were 5 masterclasses in a variety of venues at which musicians share and teach their guitar knowledge with 83 people in attedance$3,000-
3 school performances with an attendance of 85--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph HagedornManaging Director-$0--
Wade OdenChairman-$0--
Ben KunkelSecretarytreasurer-$0--
Robert CollierDirector-$0--
Maja RadovanlijaDirector-$0--
Alex LubetDirector-$0--
Ila June Brown-PrattDirector-$0--
Filing and Contact Details

Filer

Filer Name
Minneapolis Guitar Quartet Assoc
EIN
41-1847214
Address
2550 Dupont Avenue South, Minneapolis, MN 55405-3506

Signing Officer

Name
Joseph Hagedorn
Title
Managing Direct
Phone
6123744681
Signed
2020-02-23
Discuss with paid preparer
No

Preparer

Firm
Judith A Gallas RTRP
Address
2018 Franklin Avenue SE, Minneapolis, MN 55414-3617
Preparer
Judith A Gallas
Phone
6123313583
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990-EZ Part III Statement of Program Service AccomplishmentsOrganizations Primary Exempt PurposeTo provide guitar quartet education & promotion through educational opportunities and concerts.

Description of other expenses Part I line 16

Description AmountTravel 11,820

Raw XML Appendix180 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990-EZ Part III Statement of Program Service AccomplishmentsOrganizations Primary Exempt PurposeTo provide guitar quartet education & promotion through educational opportunities and concerts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountTravel 11,820
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/ReturnTs02020-03-04T18:46:56-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$9.65$0.00$9.65$19.0$19.3$0.27
2021Detailed filing. Detailed filing data is available for this year.$9.92$0.00$9.92$13.2$8.89$4.29
2020Detailed filing. Detailed filing data is available for this year.$5.63$0.00$5.63$19.7$41.2$21.5
2019Detailed filing. Detailed filing data is available for this year.$27.1$0.00$27.1$68.3$68.0$0.35
2018Detailed filing. Detailed filing data is available for this year.$26.8$0.00$26.8$74.4$55.5$18.8
2017Detailed filing. Detailed filing data is available for this year.$7.96$0.00$7.96$53.6$54.9$1.35
2016Detailed filing. Detailed filing data is available for this year.$9.31$0.00$9.31$23.9$36.3$12.3
2015Detailed filing. Detailed filing data is available for this year.$21.6$21.6$57.7$59.6$1.87
2014Detailed filing. Detailed filing data is available for this year.$23.5$23.5$62.0$63.1$1.11
2013Detailed filing. Detailed filing data is available for this year.$24.6$24.6$96.6$86.1$10.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$14.1$58.3$64.6$6.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$20.5$49.0$50.2$1.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$21.6$96.1$77.3$18.8