Civic Intelligence

Twin Cities Music Community Trust

EIN 61-1755464 • 501(c)3 • Minneapolis, MN

Profile

Twin Cities Music Community Trust shall primarily provide opportunities for citizens of the state of Minnesota to participate in the creation, performance, or appreciation of the arts; and secondarily, provide assistance and educational opportunities to people in the music community.

701 First Ave NMinneapolis, MN 55403

twincitiesmusiccommunitytrust.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-81%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

51st percentile

-1.1%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

262%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$183,642

Down $2,000 (-1.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$183,642

Down $2,000 (-1.1%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin11th percentile

Revenue

Up

$2,460

Up $1,781 (+262%) from 2023

Expenses

Down

$4,460

Down $1,486 (-25%) from 2023

Net Income

Up

-$2,000

Up $3,267 (+62%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

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

$200K$150K$100K$50K$0Assets 2021: $177,063Liabilities 2021: $0Net Assets 2021: $177,0632021Assets 2022: $190,909Liabilities 2022: $0Net Assets 2022: $190,9092022Assets 2023: $185,642Liabilities 2023: $0Net Assets 2023: $185,6422023Assets 2024: $183,642Liabilities 2024: $0Net Assets 2024: $183,6422024

Highlighted filing

2024

Assets$183,642
Liabilities$0
Net Assets$183,642
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $128,087Expenses 2021: $113,295Net Income 2021: $14,7922021Revenue 2022: $19,519Expenses 2022: $5,673Net Income 2022: $13,8462022Revenue 2023: $679Expenses 2023: $5,946Net Income 2023: -$5,2672023Revenue 2024: $2,460Expenses 2024: $4,460Net Income 2024: -$2,0002024

Highlighted filing

2024

Revenue$2,460
Expenses$4,460
Net Income-$2,000
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$183,642
Liabilities
$0
Net assets
$183,642
Revenue
$2,460
Expenses
$4,460
Net income
-$2,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.02$0.04$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.01$0.06$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.20$0.06$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$1.28$1.13$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.2
Gross Receipts
$2,460
Mission and Program Overview

Mission

Twin Cities Music Community Trust shall primarily provide opportunities for citizens of the state of Minnesota to participate in the creation, performance, or appreciation of the arts; and secondarily, provide assistance and educational opportunities to people in the music community.

Program Services

DescriptionGrantsExpenses
Hardship assistance to individuals in the music community.$1,000$1,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dayna FrankBoard Member-$0--
Nathan KranzBoard Member-$0--
Sonia GroverBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Twin Cities Music Community Trust
EIN
61-1755464
Phone
6123388388
Address
701 First Ave N, Minneapolis, MN 55403

Signing Officer

Name
Nathan Kranz
Title
Board Member
Phone
6123388388
Signed
2025-06-24
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Heidi Sachs
Phone
6122536500
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Insurance. Amount: 1,440. Description: MN Filing Fees. Amount: 25. Total to Form 990-EZ, line 16: 1,465.”

Raw XML Appendix135 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.

Path#Value
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IRS990EZ/PrimaryExemptPurposeTxt0Twin Cities Music Community Trust shall primarily provide opportunities for citizens of the state of Minnesota to participate in the creation, performance, or appreciation of the arts; and secondarily, provide assistance and educational opportunities to people in the music community.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
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