Zeitgeist EIN 41-1425985

Zeitgeist

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Perform new music live, engaging and stimulating audiences. For fiscal year 2025 it reported $305K in revenue, $238K in expenses, and $231K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Red Wing, MN
Website
www.zeitgeistnewmusic.org
Filings
6 on file (2020–2025)
Revenue
$305KFY2025
Expenses
$238K
Net assets
$231K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-1425985 Public charity (501(c)(3)) Red Wing, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Perform new music live, engaging and stimulating audiences.
Leadership
Heather Barringer · Executive Director · $56K
Money in and out
$305K revenue, $238K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$305K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$231K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $66K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.04 Fundraising $0.05
Program efficiency
91%
of spending reaches programs+0.2% vs prior filing year
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +189% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$305K
FY2025▲ +57%
Expenses
$238K
FY2025▼ -1%
Total assets
$265K
FY2025▲ +56%
Total liabilities
$33K
FY2025▲ +536%
Total revenue
$305K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$231K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$265K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $218K of program spending, described in the organization's own filed words · FY2024.
01

Through performances, commissions, and other events, zeitgeist serves audiences and composers. We reached 2800 audience members and served 15 composers.

$218Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CZeitgeist
EINHdr · item D41-1425985
Principal addressHdr · item CRed Wing, MN
WebsiteHdr · item Jwww.zeitgeistnewmusic.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$55,662Pt VII · Sec A
Secretary/Treasurer
$13,220Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heather Barringer$55,662$30,664$49,829$45,393$43,121
Pat O'Keefe$13,220$15,950$14,000$13,800$10,000
Shruthi Rajasekar$500
Philip Blackburn$100

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$300K · 98%
Program service revenue$5K · 1%
Contributions & grants98%$300K
Program service revenue1%$5K
Investment income$201
— government grantsLn 1e$82K
Total revenueLn 12$305K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.04 Fundraising $0.05
Program services91%$218K
Management & general4%$8K
Fundraising5%$12K
Total functional expensesLn 25$238K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$265K
Total liabilitiesLn 26$33K
Total net assetsLn 32$231K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $178K · Operating expenses/yr $238K
8.9 months
Where the money goes
Program services
Program services $218K · Total expenses $238K
91%
Management & General
Management & general $8K · Total expenses $238K
4%
Fundraising
Fundraising $12K · Total expenses $238K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $172K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $300K · Total revenue $305K
98%
Government reliance
Government grants $82K · Total revenue $305K
27%
Earned-income share
Program service revenue $5K · Total revenue $305K
1%
Investment reliance
Investment income $201 · Total revenue $305K
+0.07%
Program self-sufficiency
Program service revenue $5K · Total expenses $238K
2%
Growth & trend
Revenue growth (YoY)
This year $305K · Prior year $194K
+57%
Revenue CAGR
FY2019 $264K · FY2024 $305K
+3%
Net-asset trend (YoY)
End of year $231K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $305K · Expenses $238K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $265K
Net-asset ratio
Net assets $231K · Total assets $265K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $265K
4%
People & payroll
Highest Reported Total Compensation
Individual Heather Barringer · Reported title Executive Director · Highest reported compensation $56K · Total expenses $238K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $95K · Total expenses $238K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 4%
Fundraising cost ratio 4%
Revenue growth 57%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$305K revenue · viewing · ⤓ 990 PDF
FY2024$194K revenue · ⤓ 990 PDF
FY2023$335K revenue · ⤓ 990 PDF
FY2022$190K revenue · ⤓ 990 PDF
FY2021$220K revenue · ⤓ 990 PDF
FY2020$264K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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