GERMAN-AMERICAN MUSIK VEREIN HAFENKAPELLE OF CAPE CORAL FL INC

EIN: 651086763

Fort Myers, FL

Total Revenue
$283,854
Total Expenses
$6,280
Total Assets
$289,293
Net Assets
$289,293
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
Charles R McClinton
Phone
7575923558
Tax Period
2021-01-01 to 2021-12-31

GERMAN-AMERICAN MUSIK VEREIN HAFENKAPELLE OF CAPE CORAL FL INC, founded in 2001, is a small nonprofit that reported $284K in total revenue in fiscal year 2021. Revenue surged 70864% from the prior year, signaling strong growth momentum. The organization ran a surplus of $278K, a strong 98% operating margin.

Mission

1.1 The purpose for which the Hafenkapelle is formed is set forth in its Articles of Incorporation which are on file with the Florida Secretary of State. 1.2 The Hafenkapelle is established within the meaning of IRS Publication 557 Section 501(c) (4) Organization of the Internal Revenue Code, and shall be operated exclusively for/to: a.) Promote the enjoyment of music and provide its members the opportunity to play it; b.) Rehearse and play both German and American music; c.) Stimulate interest in German music and culture; d.) Participate in cultural exchanges between the United States of America and Germany; e.) Work with the youth of local communities to further the aforesaid goals to stimulate interest in the music of Germany and the United States of America; f.) Engage and assist in community projects by providing services for benefit concerts; g.) Participate in civic parades, engage in fund raisers for civic organizations and arrange musical excursions from Germany to perform at

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Provided two short Free Oktoberfest Concerts to Nursing homes - about 150 people ($1000 value to public) Provided one at cost 4-hour Oktoberfest Concert to about 6,000 people ($1200 - $400 pay) =...

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Provided two short Free Oktoberfest Concerts to Nursing homes - about 150 people ($1000 value to public) Provided one at cost 4-hour Oktoberfest Concert to about 6,000 people ($1200 - $400 pay) = $800 value. Donated time and talent value $1,800

Program 2
Expenses: $0 Revenue: $0

Donated free Christmas brass performances: for German Speaking service - $400 value, for Salvation Army Fund Raiser - $250 value Donated time and talent value $650

Program 3
Expenses: $1,217 Revenue: $0

Designed, purchased and installed a "front of house" sound system for the the German-American Social Club. Original estimate was $7,000, but much of the existing system was salvaged. Speakers were...

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Designed, purchased and installed a "front of house" sound system for the the German-American Social Club. Original estimate was $7,000, but much of the existing system was salvaged. Speakers were the only parts not salvageable, and cost $1217. Wiring was donated by members of Hafenkapelle, and installation was performed over 2 days by Hafenkapelle members. This was the first and only distribution from our new endowment fund started in 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $271,657
Program Service Revenue $7,975
Investment Income $4,222
Other Revenue $0
TOTAL REVENUE $283,854

Expense Breakdown

Grants Paid $1,217
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,217
Other Expenses $5,063
TOTAL EXPENSES $6,280

Year-over-Year Comparison

2021 2020 Change
Revenue $283,854 $400 +708.6%
Expenses $6,280 $3,257 +0.9%
Net Income $277,574 $-2,857 -98.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
28

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ray Bernard Board Member 1
Director
$0 $0 $0
Jack Zerke Board Member 1
Director
$0 $0 $0
Mike Bortz Board Member 1
Director
$0 $0 $0
Ron Hagemeyer Board Member, Business Manager 4
Director
$0 $0 $0
Charles McClinton President 4
Officer
$0 $0 $0
Jim Walker Vice President 1
Officer
$0 $0 $0
Cindy McPhillips Secretary 2
Officer
$0 $0 $0
Ernie Toplis Treasurer 2
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
2021 $283,854 $6,280 $289,293 $277,574
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