Spektral Quartet Nfp FY2021 filing

Chicago, ILUnknown exempt organization EIN 45-3696789Revenue $406K in FY2021Latest return filed Apr 4, 2024

On file with the IRSspektralquartet.comChicago, IL

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To provide artistic and educational programming of classical string Quartet chamber music, with performances around the United States, educational workshops with university music students, and commissions of composers for new works.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3696789) · Dispute this line
66¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $17K a year · 4% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
66%
of spending
66% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 17% of spending
Pay to officers and key staff is 17% of spending.
Part VII, Section A
6.0 mo
of spending, in cash
6.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $31K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$60K
25% of total assets
Liabilities are 25% of assets.
Pt X · Ln 26
Independent board members
7
of 8 voting members
7 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$406K
Spent
$380K
To programs
66%
Net assets
$181K
By yearFY2021–FY2024
Revenue
$406K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$406K
FY2022$545K
FY2023$143K
FY2024$4K
Expenses
$380K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$380K
FY2022$537K
FY2023Not on file
FY2024Not on file
Net assets
$181K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$181K
FY2022$189K
FY2023$60K
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $250K Management & general 20% · $76K Fundraising 14% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $65K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Dir.
$64,680Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Russell Rolen$8,770$50,205$64,680$64,680

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.

See Spektral Quartet Nfp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents classical string quartet concerts and educational workshops, commissioning new music.

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1 program · $250K · in their own filed words · FY2020
01

The organization contracts a classical string Quartet two violinists, one violist, one cellist called the Spektral Quartet that serves the organization by promoting the education and expansion of music written for string Quartet through performances and educational activities.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3696789) · Dispute this line
$250Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$406K
Ln 12
Gifts and grantsLn 1h$279K
Fees for servicesLn 2g$125K
Other incomeLn 4–11$2K
Money outPt IX
$380K
Ln 25
Programscol B$250K
Managementcol C$76K
Fundraisingcol D$54K
Owns and owesPt X
$181K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$241K
LiabilitiesLn 26$60K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$61K
Fees for servicesLn 2g$125K
Investment incomeLn 3$3
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$406K
Assets in detailPt X, end of year
CashLn 1$158K
SavingsLn 2$31K
Cash and savings togetherLn 1–2$189K
Pledges and grants receivableLn 3$36K
Accounts receivableLn 4$4K
Prepaid expenses and deferred chargesLn 9$10K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$241K
LiabilitiesLn 26$60K
Net assetsLn 32$181K
OperationsPt I, VI
EmployeesI 56
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$197K$189K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$201K$241K
LiabilitiesLn 26$49K$60K
Net assetsLn 32$153K$181K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$65K$39K$13K$13K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$182K$131K$20K$31K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$5K$4K$686$925
Payroll taxesLn 10$21K$14K$3K$4K
Management feesLn 11a$20K$20K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$6K$697$5K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$3K$1K$2K
Information technologyLn 14$4K$3K$935
RoyaltiesLn 15$0
OccupancyLn 16$12K$12K
TravelLn 17$502$466$36
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$703$703
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$40K$35K$5K
All other expensesLn 24e$6K$4K$2K
Total functional expensesLn 25$380K$250K$76K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 4, 2024 $4K$0 990 PDF
FY2023Filed with the IRS Oct 17, 2023 $143K$60K 990 PDF
FY2022Filed with the IRS Nov 9, 2022 $545K$537K$8K$189K 990 PDF
FY2021 ViewingFiled with the IRS Nov 7, 2021 $406K$380K$27K$181K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $406,354 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $233,107$279,287
I-9 Program service revenuePrior year $263,205$124,727
I-10 Investment incomePrior year $3$3
I-11 Other revenuePrior year $4,796$2,337
I-12 Total revenuePrior year $501,111$406,354
I-13 Grants and similar amounts paidPrior year $3,090$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $284,745$272,611
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $213,343$107,059
I-18 Total expensesPrior year $501,178$379,670
I-19 Revenue less expensesPrior year −$67$26,684
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $406,354 across 10 lines filed
Lines not itemized here account for $1,245 of total revenue; see the IRS return.
VIII-1e Government grants$60,597
VIII-1f All other contributions, gifts and grants$218,690
VIII-1h Total contributions, gifts and grants$279,287
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $124,727$124,727
VIII-3 Investment incomeExcluded from tax $3$3
VIII-5 RoyaltiesRelated to mission $1,092$1,092
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $127,064 · Excluded from tax $3$406,354
Part IX · Statement of functional expenses $379,670 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $38,808 · Management $12,936 · Fundraising $12,936$64,680
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $131,082 · Management $20,029 · Fundraising $31,040$182,151
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,579 · Management $686 · Fundraising $925$5,190
IX-10 Payroll taxesPrograms $14,196 · Management $2,723 · Fundraising $3,671$20,590
IX-11a Management feesPrograms $19,533$19,533
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $697 · Management $5,142$5,839
IX-12 Advertising and promotionPrograms $6,982$6,982
IX-13 Office expensesManagement $1,066 · Fundraising $2,273$3,339
IX-14 Information technologyManagement $2,894 · Fundraising $935$3,829
IX-15 Royalties$0
IX-16 OccupancyManagement $11,859$11,859
IX-17 TravelPrograms $466 · Management $36$502
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $703$703
IX-23 InsuranceManagement $9,194$9,194
IX-24 Other expenses (24a–d)Programs $35,042 · Management $4,725$39,767
IX-24e All other expensesManagement $3,611 · Fundraising $1,901$5,512
IX-25 Total functional expensesPrograms $250,385 · Management $75,604 · Fundraising $53,681$379,670
Part X · Balance sheet $241,050 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $158,635$157,763
X-2 Savings and temporary cash investmentsStart of year $38,010$31,184
X-3 Pledges and grants receivable$36,000
X-4 Accounts receivable$4,207
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,701$10,490
X-10c Land, buildings and equipment, net$1,406
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $201,346$241,050
X-17 Accounts payable and accrued expensesStart of year $314$6,419
X-24 Unsecured notes and loans payableStart of year $41,597$53,612
X-26 Total liabilitiesStart of year $48,511$60,031
X-27 Net assets without donor restrictionsStart of year $130,835$103,749
X-28 Net assets with donor restrictionsStart of year $22,000$77,270
X-32 Total net assets or fund balancesStart of year $152,835$181,019
X-33 Total liabilities and net assetsStart of year $201,346$241,050
Part XI · Reconciliation of net assets $181,019 net assets at year end
XI-1 Total revenue$406,354
XI-2 Total expenses$379,670
XI-3 Revenue less expenses$26,684
XI-4 Net assets at start of year$152,835
XI-6 Donated services and use of facilities$1,500
XI-10 Net assets at end of year$181,019

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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