Civic Intelligence

Music Coop

990EZ • Fiscal year 2021 • EIN 82-5413428

Jan 01, 2021 to Dec 31, 2021 • Filed on May 09, 2022

180 George St Suite 102Excelsior, MN 55331-1781

(612) 750-2916

Siviq Scores

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

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

49th percentile

8.0%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$6,580

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

90th percentile

108%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

18%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$33,227

Up $17,262 (+108%) from 2020

Net Assets

Up

$27,771

Up $15,037 (+118%) from 2020

Liabilities

Up

$5,456

Up $2,225 (+69%) from 2020

Revenue

Up

$161,322

Up $24,082 (+18%) from 2020

Expenses

Up

$148,460

Up $32,093 (+28%) from 2020

Net Income

Down

$12,862

Down $8,011 (-38%) from 2020

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2018: $6,216Liabilities 2018: $12,7892018Assets 2019: $8,429Liabilities 2019: $17,1062019Assets 2020: $15,965Liabilities 2020: $3,231Net Assets 2020: $12,7342020Assets 2021: $33,227Liabilities 2021: $5,456Net Assets 2021: $27,7712021Assets 2022: $30,603Liabilities 2022: $618Net Assets 2022: $29,9852022Assets 2023: $40,784Liabilities 2023: $991Net Assets 2023: $39,7932023Assets 2024: $32,765Liabilities 2024: $1,991Net Assets 2024: $30,7742024

Highlighted filing

2021

Assets$33,227
Liabilities$5,456
Net Assets$27,771

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $60,012Expenses 2018: $66,585Net Income 2018: -$6,5732018Revenue 2019: $117,107Expenses 2019: $119,695Net Income 2019: -$2,5882019Revenue 2020: $137,240Expenses 2020: $116,367Net Income 2020: $20,8732020Revenue 2021: $161,322Expenses 2021: $148,460Net Income 2021: $12,8622021Revenue 2022: $173,866Expenses 2022: $171,703Net Income 2022: $2,1632022Revenue 2023: $223,343Expenses 2023: $213,532Net Income 2023: $9,8112023Revenue 2024: $205,196Expenses 2024: $213,398Net Income 2024: -$8,2022024

Highlighted filing

2021

Revenue$161,322
Expenses$148,460
Net Income$12,862
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.0
Gross Receipts
$164,995
Mission and Program Overview

Mission

Providemusiclessonsatanaffordableatorbelowmarketrate,andeducationtochildrenandadults,offeringadditionalscholarshipdiscountstothoseinneed.

Program Services

DescriptionGrantsExpenses
Individualandgroupmusiclessonsatanaffordableatorbelowmarketrate,instructionandeducation.Weprovidebetween90-110lessonsperweek.$0$102,657
Providemusicinstrumentsandsuppliesataslidingscalecostorfreeifneeded.In2021,fivestudentsreceivedreducedratelessons.$0$1,813
Provideperformanceopportunitiesandlivemusicforstudentsandcommunitymembers.Typicalattendanceisabout100people.Theseeventsarefreetothepublic,andalsoserveasafundraisingopportunitywithdonationsaccepted.$0$448
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher FaheyExecutive DirectorPT$6,580-$6,580
Patti BensonPresident Of The Board Of Director-$1,779-$1,779
Cooper AltManaging DirectorPT$0--
Louwenda KachingweVice President Of Board Of Director-$0--
Shannon FaheySecretary Of Board-$0--
Jenn WhighamDirector Of Communications-$0--
Filing and Contact Details

Filer

Filer Name
The Music Coop
EIN
82-5413428
Address
180 George St Suite 102, Excelsior, MN 55331-1781

Signing Officer

Name
Patricia Benson
Title
Financial Adminstrator and Bd Pres
Signed
2022-05-09
Supplemental Narrative

Additional Explanations

Part I, line 8

| Other Revenues:, Amount:| room rental $130 repairs $ 59 shipping revenue $4, $193|

Part I, line 16

| Other Expenses:, Amount:| bank $166 CC $4021 insur $1823 admin $3303 mktg $678 emplr taxes $443 supp $1134, $11568|

Part I, line 20

| Explanation:, Amount:| inventory value increase, $1768| pending dep 2021 48 + prior yr reconciliation discrep 360, $407|

Part II, line 24

| Explanation:, BOYAmount:, EOYAmount:| cost value of stocked inventory for sale, $2903, $4671| pending deposits 216, $0, $216|

Part II, line 26

| Explanation:, BOYAmount:, EOYAmount:| uncashed checks $4729 sales tax payable $144 fed tax payable $544 credit card $39, $3231, $5456|

Raw XML Appendix178 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/BooksInCareOfDetail/PersonNm0Excelsior Bay Finance LLC
IRS990EZ/BooksInCareOfDetail/PhoneNum06127502916
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01440 KNOB HILL LN
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0EXCELSIOR
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055331
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013062
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt028340
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/GrossReceiptsAmt0164995
IRS990EZ/GrossSalesOfInventoryAmt03125
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt012734
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt012734
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt027771
IRS990EZ/OccupancyRentUtltsAndMaintAmt027655
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt06580
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Christopher Fahey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Cooper Alt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Patti Benson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Louwenda Kachingwe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Shannon Fahey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Jenn Whigham
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Managing Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2President of the Board of Dir
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President of Board of Dir
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary of Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director of Communications
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02903
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04887
IRS990EZ/OtherChangesInNetAssetsAmt02175
IRS990EZ/OtherExpensesTotalAmt011568
IRS990EZ/OtherRevenueTotalAmt0193
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Providemusiclessonsatanaffordableatorbelowmarketrate,andeducationtochildrenandadults,offeringadditionalscholarshipdiscountstothoseinneed.
IRS990EZ/ProgramServiceRevenueAmt0151474
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Individualandgroupmusiclessonsatanaffordableatorbelowmarketrate,instructionandeducation.Weprovidebetween90-110lessonsperweek.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Provideperformanceopportunitiesandlivemusicforstudentsandcommunitymembers.Typicalattendanceisabout100people.Theseeventsarefreetothepublic,andalsoserveasafundraisingopportunitywithdonationsaccepted.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Providemusicinstrumentsandsuppliesataslidingscalecostorfreeifneeded.In2021,fivestudentsreceivedreducedratelessons.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0102657
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1448
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt21813
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt06580
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03231
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt05456
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0148460
IRS990EZ/TotalProgramServiceExpensesAmt0104918
IRS990EZ/TotalRevenueAmt0161322
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.musiccoopmn.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| Year:, Amount:, Description:| 2017, , | 2018, 5467gross sales of inventory less returns and allowances| 2019, 8426gross sales of inventory less returns and allowances| 2020, 3029$2635 gross sales of inventory less returns and allow; $394 rep gift cd rentals| 2021, 33173,125 gross sales of inventory less returns and allow; $63 repairs shipp $130 room rental fees|
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II - Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt012023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt038237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0151474
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03317
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03029
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08426
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05467
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt020239
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportTotal170Amt038237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010203
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt012023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt08262
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07749
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt038237
IRS990ScheduleA/TotalSupportAmt058476
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Revenues:, Amount:| room rental $130 repairs $ 59 shipping revenue $4, $193|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| bank $166 CC $4021 insur $1823 admin $3303 mktg $678 emplr taxes $443 supp $1134, $11568|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:, Amount:| inventory value increase, $1768| pending dep 2021 48 + prior yr reconciliation discrep 360, $407|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Explanation:, BOYAmount:, EOYAmount:| cost value of stocked inventory for sale, $2903, $4671| pending deposits 216, $0, $216|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4| Explanation:, BOYAmount:, EOYAmount:| uncashed checks $4729 sales tax payable $144 fed tax payable $544 credit card $39, $3231, $5456|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part II, line 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Patricia Benson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Financial Adminstrator and Bd Pres
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Music Coop
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0825413428
ReturnHeader/Filer/ForeignPhoneNum05924707844
ReturnHeader/Filer/USAddress/AddressLine1Txt0180 George St Suite 102
ReturnHeader/Filer/USAddress/CityNm0Excelsior
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0553311781
ReturnHeader/ReturnTs02022-05-09T10:47:02-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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