The Schubert Club in St Paul, Minnesota (MN)

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The Schubert Club
Employer Identification Number (EIN)410945277
Name of OrganizationThe Schubert Club
Address302 Landmark Center, St Paul, MN 55102-1423
ActivitiesOther cultural or historical activities, Other school related activities
SubsectionCharitable Organization, Educational Organization
Ruling Date06/1945
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$16,299,138
Amount of Income$6,151,396
Form 990 Revenue Amount$2,340,977
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Music


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Amount of income in 2014: $6,151,396 (it was $3,837,125 in 2013)
This organization: 

 $6,151,396
Other organizations performing similar types of work: 

 $113,884

Assets in 2014: $16,299,138 (it was $14,524,070 in 2013)
This organization: 

 $16,299,138
Other organizations performing similar types of work: 

 $78,987

Expenses in 2013: $1,805,606
This organization: 

 $1,805,606
Other organizations performing similar types of work: 

 $104,400

Income to expenses ratio in 2013: 3.4
This organization: 

 3.4
Other organizations performing similar types of work: 

 1.0

Number of employees in 2013: 24
This organization: 

 24
Other organizations performing similar types of work: 

 4

Employees paid over $100,000 in 2013: 4.2%
This organization: 

 4.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 46.9%
The Schubert Club: 

 46.9%
Other organizations performing similar types of work: 

 42.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?Yes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?Yes
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
20122013
The number reported in Box 3 of Form 109664
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return24
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNo
Has it filed a Form 990-T for this year?No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$191,667
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$30,411
Total number of individuals who received more than $100,000 of reportable compensation from the organization1
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
20122013
Total revenue$1,866,542$2,064,388
Contributions, Gifts, Grants and Other Similar Amounts$774,528$967,321
Program Service Revenue$315,650$515,516
711300$372,550
711300$130,901
711300$9,405
711300$1,930
711300$620
All other program service revenue$110
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$410,103$343,309
Income from investment of tax-exempt bond proceeds$0$0
Royalties$0$0
Net rental income$281$225
Gross rents (Real / Personal)$0 / $511$0 / $225
Less: rental expenses (Real / Personal)$0 / $230$0 / $0
Rental income or (loss) (Real / Personal)$0 / $281$0 / $225
Net gain/loss from sales of assets other than inventory$360,151$233,496
Gross amount from sales of assets other than inventory (Securities / Other)$3,601,003 / $0$1,990,380 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,240,852 / $0$1,756,884 / $0
Gain or (loss) (Securities / Other)$360,151 / $0$233,496 / $0
Net income/loss from fundraising events$0$-2,234
Gross income from fundraising events$0$13,619
Less: direct expenses$0$15,853
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$0$0
Miscellaneous Revenue$5,829$6,755
900099$6,755
All other revenue$0
Statement of Functional Expenses
20122013
Total functional expenses$1,674,037$1,805,606
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$57,500
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$283,383$222,078
Compensation not included above, to disqualified persons$0
Other salaries and wages$356,004$441,388
Pension plan accruals and contributions$28,611
Other employee benefits$55,711
Payroll taxes$42,437$43,543
Fees for services (non-employees)
Management$0
Legal$0
Accounting$17,807
Lobbying$0
Professional fundraising services$0$0
Investment management fees$0
Other$395,179
Advertising and promotion$55,860
Office expenses$45,540
Information technology$0
Royalties$0
Occupancy$68,071
Travel$6,279
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$0
Interest$0
Payments to affiliates$0
Depreciation, depletion, and amortization$77,994
Insurance$20,049
Other expenses$144,936
Other expenses$28,931
Other expenses$24,732
Other expenses$20,478
Other expenses$50,919
Balance Sheet
20122013
Total assets$13,427,419$14,524,070
Cash - non-interest-bearing$500
Savings and temporary cash investments$649,412
Pledges and grants receivable, net$414,789
Accounts receivable, net$7,573
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$11,459
Land, buildings, and equipment: cost or other basis$500,271
Investments - publicly traded securities$0
Investments - other securities$12,520,791
Investments - program-related$0
Intangible assets$0
Other assets$419,275
Total liabilities$333,054$344,258
Accounts payable and accrued expenses$81,372
Grants payable$0
Deferred revenue$262,886
Tax-exempt bond liabilities$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0
Unsecured notes and loans payable to unrelated third parties$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0
Total net assets or fund balances$13,094,365$14,179,812
Unrestricted net assets$1,359,381
Temporarily restricted net assets$4,915,373
Permanently restricted net assets$7,905,058
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$4,123,195
Subtotal Support$4,861,698
Gifts, grants, contributions, and membership fees received$4,861,698
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$738,503
Total Support$6,571,764
Public Support$4,861,698
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,686,756
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$23,310
Gross receipts from related activities, etc.$1,716,611
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Diversified Creative Sounds385 Pascal Street South, St Paul, MN 55105MN1995-10$28,913
2San Francisco Jazz Organization201 Franklin St, San Francisco, CA 94102-5108CA1994-05$20,497,477
3American Composers Forum75 5th St W Ste 522, Saint Paul, MN 55102-1439MN1976-06$8,241,198
4Sphinx Organization Inc, The Sphinx Competition400 Renaissance Ctr, Detroit, MI 48243-1502MI1996-08$6,778,556
5The Schubert Club302 Landmark Center, St Paul, MN 55102-1423MN1945-06$6,151,396
6Young Concert Artists Inc250 W 57th St, New York, NY 10107-0001NY1963-02$5,750,562
7Vocalessence, Vocal Essence1900 Nicollet Ave, Minneapolis, MN 55403-3746MN1979-12$3,296,519
8The John G Shedd Institute For The ArtsPO BOX 1497, Eugene, OR 97440-1497OR1995-03$2,315,653
9Southwest Florida Symphony Orchestra And Chorus Association I8290 College Pkwy Ste 103, Fort Myers, FL 33919-5157FL1966-09$1,851,058
10Jazz Art Group Of Fargo-Moorhead2700 12th Avenue South, Moorhead, MN 56560-3958MN1992-02$175,822
11Angelica Cantanti Youth Choirs1800 W Old Shakopee Rd, Bloomington, MN 55431-3071MN1984-01$175,223
12Music In The Park SeriesPO BOX 8183, Saint Paul, MN 55108-0183MN1988-05$172,941
13Minneapolis Guitar Quartet Association2550 Dupont Ave S, Minneapolis, MN 55405-3506MN1997-10$96,610
14Chamber Music Society Of St Cloud IncPO BOX 205, Saint Cloud, MN 56302-0205MN1980-03$88,089
15Minnesota Guitar SocietyPO BOX 14986, Minneapolis, MN 55414-0986MN1986-07$76,838
16Southeast Minnesota Bluegrass Association IncPO BOX 93, Rushford, MN 55971-0093MN1999-02$57,648
17Lakes Chamber Music SocietyPO BOX 863, Alexandria, MN 56308-0863MN1996-06$33,333
18Sonshine Productions IncPo Box 1444, Willmar, MN 56201MN1984-12$27,455
19Minnesota Pipes And DrumsPo Box 19067, Minneapolis, MN 55419MN1998-08$0
20St Croix Valley Orchestra Association212 Summit Ave Po Box 503, Center City, MN 55012MN2000-01$0
Number of organizations performing similar types of work
Alaska3
Alabama2
Arkansas3
Arizona4
California58
Colorado12
Connecticut8
District of Columbia6
Delaware1
Florida11
Georgia3
Hawaii1
Iowa6
Idaho1
Illinois15
Indiana4
Kansas2
Kentucky5
Louisiana1
Massachusetts20
Maryland12
Maine4
Michigan15
Minnesota16
Missouri8
Mississippi2
North Carolina6
North Dakota1
Nebraska1
New Hampshire4
New Jersey8
New Mexico3
Nevada1
New York59
Ohio14
Oklahoma6
Oregon8
Pennsylvania21
Rhode Island1
South Carolina2
Tennessee4
Texas20
Utah7
Virginia11
Vermont1
Washington19
Wisconsin6
Wyoming2
Total428

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