Civic Intelligence

Mu Phi Epsilon Foundation

990 • Fiscal year 2021 • EIN 95-6097896

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

1611 County Road B W Ste 320Saint Paul, MN 55113

(651) 401-6766

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

16th percentile

-5.3%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

78th percentile

27%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

50%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,214,920

Up $1,308,174 (+27%) from 2020

Net Assets

Up

$6,214,920

Up $1,308,174 (+27%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$215,152

Up $72,169 (+50%) from 2020

Expenses

Up

$226,526

Up $33,387 (+17%) from 2020

Net Income

Up

-$11,374

Up $38,782 (+77%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,078,650Liabilities 2010: $0Net Assets 2010: $2,078,6502010Assets 2011: $2,901,880Liabilities 2011: $0Net Assets 2011: $2,901,8802011Assets 2012: $2,701,198Liabilities 2012: $0Net Assets 2012: $2,701,1982012Assets 2013: $2,899,498Liabilities 2013: $0Net Assets 2013: $2,899,4982013Assets 2014: $3,355,049Liabilities 2014: $0Net Assets 2014: $3,355,0492014Assets 2015: $3,360,600Liabilities 2015: $0Net Assets 2015: $3,360,6002015Assets 2016: $3,243,598Liabilities 2016: $0Net Assets 2016: $3,243,5982016Assets 2017: $3,935,554Liabilities 2017: $0Net Assets 2017: $3,935,5542017Assets 2018: $4,264,847Liabilities 2018: $0Net Assets 2018: $4,264,8472018Assets 2019: $4,600,352Liabilities 2019: $0Net Assets 2019: $4,600,3522019Assets 2020: $4,906,746Liabilities 2020: $0Net Assets 2020: $4,906,7462020Assets 2021: $6,214,920Liabilities 2021: $0Net Assets 2021: $6,214,9202021Assets 2022: $5,807,252Liabilities 2022: $0Net Assets 2022: $5,807,2522022Assets 2023: $5,588,300Liabilities 2023: $330Net Assets 2023: $5,587,9702023Assets 2024: $6,421,080Liabilities 2024: $0Net Assets 2024: $6,421,0802024

Highlighted filing

2021

Assets$6,214,920
Liabilities$0
Net Assets$6,214,920

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $113,8742010Expenses 2011: $92,9362011Expenses 2012: $114,0032012Expenses 2013: $125,3512013Revenue 2014: $127,114Expenses 2014: $141,113Net Income 2014: -$13,9992014Revenue 2015: $87,884Expenses 2015: $162,515Net Income 2015: -$74,6312015Revenue 2016: $111,617Expenses 2016: $139,064Net Income 2016: -$27,4472016Revenue 2017: $281,934Expenses 2017: $152,160Net Income 2017: $129,7742017Revenue 2018: $140,159Expenses 2018: $170,743Net Income 2018: -$30,5842018Revenue 2019: $220,531Expenses 2019: $167,437Net Income 2019: $53,0942019Revenue 2020: $142,983Expenses 2020: $193,139Net Income 2020: -$50,1562020Revenue 2021: $215,152Expenses 2021: $226,526Net Income 2021: -$11,3742021Revenue 2022: $50,171Expenses 2022: $223,478Net Income 2022: -$173,3072022Revenue 2023: $307,182Expenses 2023: $232,845Net Income 2023: $74,3372023Revenue 2024: $607,061Expenses 2024: $365,327Net Income 2024: $241,7342024

Highlighted filing

2021

Revenue$215,152
Expenses$226,526
Net Income-$11,374
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.1
Gross Receipts
$824,871
Mission and Program Overview

Mission

The mu phi epsilon foundation is operated for the promotion and advancement of music and for the benefit of philanthropic projects of mu phi epsilon, a national music fraternity. The foundation provides scholarships and grants for music students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,860,107$6,155,806▲ $1,295,699
Savings and Temporary Cash Investments$32,507$33,821▲ $1,314
Cash and Non-Interest-Bearing Accounts$14,132$25,293▲ $11,161
Total Assets$4,906,746$6,214,920▲ $1,308,174
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,652,040$4,580,471▲ $928,431
Net Assets Without Donor Restrictions$1,254,706$1,634,449▲ $379,743
Total Net Assets Fund Balance$4,906,746$6,214,920▲ $1,308,174
Total Liabilities and Net Assets / Fund Balance$4,906,746$6,214,920▲ $1,308,174

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,047,461$68,566▲ $1,375,414-$6,359,091
2020$4,725,036$33,060▲ $384,265-$5,047,461
2019$4,386,760$14,300▲ $400,676-$4,725,036
2018$4,040,246$7,320▲ $404,194-$4,386,760
2017$3,342,276$78,194▲ $698,634$4,958$4,040,246
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$85,444
Program Service Revenue
$0
Investment Income
$125,153
Other Revenue
$4,555
All Other Contributions
$85,444
Change in Net Assets
$-11,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$132,350
Other Expenses$94,176
Total Fundraising Expense$6,523
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$132,350--$132,350
Fees for Service Investment Mgmnt Fees-$62,690-$62,690
Fees for Services Management-$13,644-$13,644
Office Expenses-$823$4,903$5,726
Information Technology$3,000--$3,000
Advertising--$1,620$1,620
Travel-$1,533-$1,533
Insurance-$1,426-$1,426
Other Expenses$1,150$3,387-$1,150
Total Functional Expenses$136,500$83,503$6,523$226,526
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed by the treasurer of the organization prior to filing. The treasurer reports to the rest of the governing body.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mu Phi Epsilon Foundation
EIN
95-6097896
Phone
6514016766
Address
1611 COUNTY ROAD B W STE 320, SAINT PAUL, MN 55113

Signing Officer

Name
Dr Sophia Tegart
Title
President
Phone
6514016766
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sophia Tegart
Formed
1963
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Doyle & Associates Pllc
Address
27555 EXECUTIVE DRIVE SUITE 165, FARMINGTON HILLS, MI 48331
Preparer
Michael V Higgins
Phone
2483476800
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment fund is used to provide investment income for the funding of the scholarships and grants.

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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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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt094900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0384265
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04386760
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt014300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04725036
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt076700
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0400676
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04040246
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt07320
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04386760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt065000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0404194
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03342276
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt078194
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04040246
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt073900
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0698634
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt04958
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUND IS USED TO PROVIDE INVESTMENT INCOME FOR THE FUNDING OF THE SCHOLARSHIPS AND GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0132350
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt056
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ANNUALLY, THE TREASURER DETERMINES THE SCHOLARSHIP AMOUNTS FOR EACH SCHOLARSHIP FUND BASED ON THE ACCUMULATED PRINCIPAL AMOUNTS IN THE ENDOWMENT FUND. AFTER THE SCHOLARSHIP AMOUNTS ARE DETERMINED, THE ORGANIZATION ACCEPTS APPLICATIONS FOR EACH SCHOLARSHIP AVAILABLE. THE ORGANIZATION REVIEWS ALL OF THE APPLICATIONS AND SELECTS THE SCHOLARSHIPS TO APPROPRIATE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO FILING. THE TREASURER REPORTS TO THE REST OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04906746
IRS990/TotalAssetsEOYAmt06214920
IRS990/TotalAssetsGrp/BOYAmt04906746
IRS990/TotalAssetsGrp/EOYAmt06214920
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt085444
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06523
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083503
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0136500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0226526
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04906746
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06214920
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0136500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0125153
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04555
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0215152
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04906746
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06214920
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01533
IRS990/TravelGrp/TotalAmt01533
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01611 COUNTY RD B W STE 320
IRS990/USAddress/CityNm0SAINT PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055113
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MPEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR SOPHIA TEGART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06514016766
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MU PHI EPSILON FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MUPH
ReturnHeader/Filer/EIN0956097896
ReturnHeader/Filer/PhoneNum06514016766
ReturnHeader/Filer/USAddress/AddressLine1Txt01611 COUNTY ROAD B W STE 320
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055113
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201414332
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DOYLE & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027555 EXECUTIVE DRIVE SUITE 165
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARMINGTON HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048331
ReturnHeader/PreparerPersonGrp/PhoneNum02483476800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL V HIGGINS
ReturnHeader/ReturnTs02022-05-16T16:00:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SOPHIA TEGART
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.00$6.42$0.61$0.37$0.24
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.00$5.59$0.31$0.23$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.81$0.00$5.81$0.05$0.22$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.21$0.00$6.21$0.22$0.23$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.91$0.00$4.91$0.14$0.19$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$0.00$4.60$0.22$0.17$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$0.00$4.26$0.14$0.17$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.00$3.94$0.28$0.15$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$0.00$3.24$0.11$0.14$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.09$0.16$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.13$0.14$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.00$2.90$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.00$2.70$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.00$2.90$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.00$2.08$0.11