Musical Ventures Inc.
Publicly funded institution · Fredericton, New Brunswick · BN 891807760RR0001 · Arts · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($81,035) as filed with the CRA.
Musical Ventures Inc. is a charitable organization based in Fredericton, New Brunswick, classified by the CRA under arts. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $66K in revenue and $81K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 7% from donations, 59% from government. Government funding is the majority of its budget. In 2023, 1 other registered charity reported granting it a combined $6,430.
Compared with 89 arts institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 78% of peers. None of its ten highest-paid positions cleared $40,000. The charity reported 1 permanent full-time position.
Its filed list of directors and trustees shows 5 names.
In its own words
Musical Ventures Inc. is the umbrella organization for projects that reflect our organizational goals and artistic objectives. Currently the main projects are The New Brunswick Summer Music Festival and Atlantic Sinfonia and their associated spin-off programs. New Brunswick Summer Music Festival: Approx. 15 professional musicians perform a festival of chamber music over a two week period. Events include a four-night main concert series and at free community concerts such as our free outdoor concert for families called 'Mozart in the Park' and a noon-hour concert held at Christ Church Cat…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $66K | $81K | $78K | — | — | $38K |
| 2023 | $75K | $80K | $45K | — | — | $53K |
| 2022 | $33K | $42K | $34K | — | $0 | $53K |
| 2021 | $48K | $53K | $32K | — | — | $66K |
| 2020 | $56K | $37K | $24K | — | — | $56K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received $6,430 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $1–39,9991 position
- Permanent full-time positions1
- Total compensation, all staff$27K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Siobhan Hanratty (president); Richard Hornsby (artistic director/vp); Kari Dunfield (secretary-treasurer); Emily Cochrane (director); Morgan Mollins (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Musical Ventures Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891807760RR0001), or read how we compute the receipt.