MAGICAL STRINGS OF YOUTH NFP

EIN: 202231076 501(c)(3) Arts, Culture & Humanities

LONG GROVE, IL

Total Revenue
$128,512
Total Expenses
$253,090
Total Assets
$202,881
Net Assets
$192,881
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Principal Officer
BETTY HAAG-KUHNKE
Phone
8472539730
Tax Period
2023-01-01 to 2023-12-31

MAGICAL STRINGS OF YOUTH NFP, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2023. Expenses of $253K exceeded revenue, resulting in a 97% operating deficit.

Mission

TO PROMOTE MUSIC APPRECIATION AMONG YOUTH BY PROVIDING OPPORTUNITIES FOR CONCERT PERFORMANCES.

Program Service Accomplishments

Program 1
Expenses: $22,850 Revenue: $118,882

TO PROMOTE MUSIC APPRECIATION AMONG YOUTH BY PROVIDING OPPORTUNITIES FOR CONCERT PERFORMANCES.

Program 2
Expenses: $151,644

PROVIDING SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,900
Program Service Revenue $10,379
Investment Income $113,233
Other Revenue $0
TOTAL REVENUE $128,512

Expense Breakdown

Grants Paid $151,644
Salaries & Benefits $15,000
Fundraising Expenses $0
Program Expenses $174,494
Other Expenses $86,446
TOTAL EXPENSES $253,090

Year-over-Year Comparison

2023 2022 Change
Revenue $128,512 $128,093 +0.0%
Expenses $253,090 $158,477 +0.6%
Net Income $-124,578 $-30,384 +3.1%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$15,000
Total Directors
3
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETTY HAAG-KUHNKE PRESIDENT 12.00
Officer Director
$15,000 $0 $15,000
BEN MANIBOG DIRECTOR 0.30
Director
$0 $0 $0
MARY GALVIN DIRECTOR 0.30
Director
$0 $0 $0
LARRY BRYERMAN TREASURER 0.30
Officer
$0 $0 $0
PATRICK METCALF SECRETARY 0.30
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $128,512 $253,090 $202,881 $-124,578
2022 $128,093 $158,477 $327,459 $-30,384
2021 $141,187 $144,778 $357,843 $-3,591
2020 $169,682 $157,777 $361,434 $11,905
2019 $289,573 $170,198 $349,529 $119,375
2018 $64,725 $146,895 $230,154 $-82,170
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