The Cowles Center
- Assets
- $26.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Minneapolis, MN
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-1173436
Organization Overview
The Cowles Center, operating under the name The Cowles Center for Dance, is located in Minneapolis, MN. The organization was established in 2010. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cowles Center for Dance employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cowles Center for Dance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cowles Center for Dance generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A HOME FOR THE LOCAL DANCE COMPANY AND WORK AS AN ADVOCATE FOR THESE ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE PROGRAM -THE COWLES CENTER PROVIDES OPPORTUNITIES FOR RESIDENT AND NON-RESIDENT PERFORMING ARTS ORGANIZATIONS TO PRESENT PERFORMANCES TO THE PUBLIC IN A WORLD-CLASS VENUE THAT IS DESIGNED TO MEET THE NEEDS OF DANCE ARTISTS. THE THEATER IS SPECIFICALLY DESIGNED FOR THE NEEDS OF DANCE, WITH A SPRUNG FLOOR, A FLY-LOFT, AND SIGHTLINES THAT KEEP DANCERS VISIBLE FROM THEIR TOES TO THEIR GREATEST LEAPS. THE 15-20 MINNESOTA-BASED COMPANIES FEATURED IN THE COWLES CENTER'S ANNUAL PERFORMANCE SEASON PAY NO UPFRONT RENTAL FEES FOR THE USE OF SPACE. THE COSTS OF MARKETING MATERIALS, PAID ADVERTISING, BOX OFFICE/SUPPORT STAFF, AND SIGNIFICANT PORTIONS OF TECHNICAL BACKSTAGE LABOR ARE ALSO ABSORBED BY THE COWLES CENTER. THESE SUBSIDIES MITIGATE PROHIBITIVE COST BARRIERS AND ULTIMATELY FREE ARTISTS/COMPANIES TO FOCUS ON WHAT THEY DO BEST CREATING AND PERFORMING INNOVATIVE DANCE WORK THAT IS DYNAMIC, CHALLENGING, AND SURPRISING.
MCKNIGHT FELLOWSHIP PROGRAM: THE COWLES CENTER IS HOME TO THE PRESTIGIOUS MCKNIGHT FELLOWSHIPS FOR DANCE AND CHOREOGRAPHY, WHICH ANNUALLY AWARDS THREE MID-CAREER DANCERS AND THREE MID-CAREER CHOREOGRAPHERS TO DEEPEN THEIR CRAFT AND DEVELOP NEW PROJECTS.
EDUCATION PROGRAM - THE COWLES CENTER ENRICHES ARTS EDUCATION FOR MORE THAN 11,000 STUDENTS AND COMMUNITY MEMBERS ANNUALLY THROUGH RESIDENCIES WITH THE COWLES CENTER TEACHING ARTISTS, STUDENT MATINEE PERFORMANCES, MOVEMENTWISE DANCE WORKSHOPS FOR OLDER ADULTS, AND A HOST OF OTHER COMMUNITY-FOCUSED INITIATIVES. GENEROUS SUPPORT FROM COMMUNITY PARTNERS ALLOWS THE COWLES CENTER TO PROVIDE THESE PROGRAMS FOR FREE OR AT LITTLE COST TO PARTICIPANTS, REMOVING THE BARRIERS TO HIGH-QUALITY DANCE EDUCATION.IN 2022, K-12 RESIDENCY PROGRAMS (DANCE WITHOUT BARRIERS, CREATIONS, AND FIRST MOVES) REACHED 3,382 STUDENTS THROUGH 531 SESSIONS.
FACILITIES PROGRAM: THE FACILITIES PROGRAM AT THE COWLES CENTER SUPPORTS THE PERFORMING ARTS COMMUNITY BY PROVIDING PERFORMANCE, REHEARSAL/STUDIO, AND ADMINISTRATIVE OFFICE SPACE AT 40% BELOW MARKET VALUE FOR 20 AREA NONPROFIT DANCE AND PERFORMING ARTS ORGANIZATIONS, INCLUDING TWO OF MINNESOTA'S LEADING DANCE SCHOOLS, AND A NETWORK OF INDEPENDENT ARTISTS AND CHOREOGRAPHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Kelley Lindquist President | OfficerTrustee | 10 | $0 |
Will Law Treasurer | OfficerTrustee | 10 | $0 |
Kathleen Kvern Secretary | OfficerTrustee | 10 | $0 |
Steve Stanley Chief Financial Officer | Officer | 2 | $0 |
Stacey Mickelson Vice President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,174 |
| Related organizations | $734,479 |
| Government grants | $686,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,578,776 |
| Noncash contributions included in lines 1a–1f | $12,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,039,029 |
| Total Program Service Revenue | $678,792 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,290 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,476 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,800,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $151,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $795,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,316 |
| Payroll taxes | $111,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,113 |
| Fees for services: Accounting | $25,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $326,255 |
| Advertising and promotion | $61,636 |
| Office expenses | $81,556 |
| Information technology | $86,040 |
| Royalties | $0 |
| Occupancy | $407,877 |
| Travel | $85,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,439 |
| Insurance | $67,362 |
| All other expenses | $10,891 |
| Total functional expenses | $3,273,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $781,488 |
| Pledges and grants receivable | $849,000 |
| Accounts receivable, net | $64,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,134,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,829,562 |
| Accounts payable and accrued expenses | $566,881 |
| Grants payable | $0 |
| Deferred revenue | $1,428 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,253,705 |
| Total liabilities | $1,822,014 |
| Net assets without donor restrictions | $23,487,565 |
| Net assets with donor restrictions | $1,519,983 |
| 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 |
| Total liabilities and net assets/fund balances | $26,829,562 |