Music Teachers, Incorporated, is an educational association for music teachers that has 20,500 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The associations magazine, Teachers Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing professional education credit. The associations statement of revenues and expenses for the current year is presented below. Music Teachers, Incorporated Statement of Revenues and Expenses For the Year Ended November 30 Revenues $ 3,435,500