Threads Dance Project
- Assets
- $92.5k
- Revenue
- $254.5k
- Investments
- $0.0
- Employees
- 16
- Location
- Golden Valley, MN
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3479875
Organization Overview
Threads Dance Project is located in Golden Valley, MN. The organization was established in 2011. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Threads Dance Project employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Threads Dance Project 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 12/2021, Threads Dance Project generated $254.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $256.6k during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EXAMINE, EXPOSE AND CELEBRATE THE THREADS THAT CONNECT US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR THREE ORGANIZATIONAL PILLARS ARE PERFORMANCE, OUTREACH, AND ORGANIZATIONAL EFFECTIVENESS. IN 2021, THREADS PRESENTED ONE PERFORMANCE AND A DANCE FILM. DUE TO THE COVID-19 PANDMIC, OUR SPRING 2020 PERFORMANCES AKA. TAPESTRIES, WERE POSTPONED UNTIL NOVEMBER 2021 AND PERFORMED LIVE IN CONJUCTION WITH A SCREENING OF DANCE FILM CREATED BY THE COMPANY. THIS REPRESENTED OUR FALL PEFORMANCE SEASON, AND 10TH ANNIVERSARY. AUDIENCES TOTALED 257 PEOPLE IN-PERSON, AND 45 VIRTUALLY OVER 2 NIGHTS OF PERFORMANCES. "IN THE AREA OF OUTREACH, WE BEGAN OFFERING CLASSES AT OUR OWN STUDIO, THE THREADS DANCE NEXUS FOR STUDENTS AGES 3 YRS. AND OLDER. CLASS ENGAGEMENT WAS LIMITED DUE TO THE PANDEMIC, BUT SAW 71 TOTAL PARTICIPANTS AT OUR OPEN-CLASSES, WORKSHOPS, AND COMMUNITY EVENTS. FINALLY, IN THE AREA OF ORGANIZATIONAL EFFECTIVENESS, THREADS LEVERAGED A SUCCESFUL CAPITAL CAMPAIGN IN ORDER TO BUILDOUT THE THREADS DANCE NEXUS. WE ALSO RE-STRUCTURED OUR ORGANIZATINAL STRUCTURE TO HAVE TWO FULL TIME STAFF MEMBERS SUPPORTED BY TWO PART TIME ADMINISTRATIVE STAFF MEMBERS. "
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Charles Executive Director | Officer | 40 | $39,057 |
Amanda Norman President | OfficerTrustee | 2 | $0 |
Christine Clifford Vice President | OfficerTrustee | 2 | $0 |
W Todd Ackerman Treasurer | OfficerTrustee | 2 | $0 |
Alicia Phillips Director | Trustee | 1 | $0 |
Amanda Thor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,102 |
| Related organizations | $0 |
| Government grants | $20,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,758 |
| Total Program Service Revenue | $10,139 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,179 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,057 |
| Compensation of current officers, directors, key employees. | $3,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $120 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,840 |
| Advertising and promotion | $1,598 |
| Office expenses | $4,446 |
| Information technology | $2,252 |
| Royalties | $0 |
| Occupancy | $44,371 |
| Travel | $1,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,492 |
| All other expenses | $2,186 |
| Total functional expenses | $256,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $412 |
| Prepaid expenses and deferred charges | $3,163 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,500 |
| Total assets | $92,495 |
| Accounts payable and accrued expenses | $2,797 |
| Grants payable | $0 |
| Deferred revenue | $39,583 |
| 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 | $20,006 |
| Total liabilities | $62,386 |
| Net assets without donor restrictions | $30,109 |
| Net assets with donor restrictions | $0 |
| 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 | $92,495 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Threads Dance Project has recieved totaling $55,401.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $32,250 |
Face Foundation New York, NY PURPOSE: ARTISTIC PROGRAM | $10,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $7,901 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Exercise Trainers Association Minneapolis, MN | $2,492,373 | $1,220,485 |
Danceworks Inc Milwaukee, WI | $878,331 | $1,224,253 |
Madison Ballet Inc Madison, WI | $2,499,145 | $1,057,651 |
Tu Dance St Paul, MN | $734,891 | $911,910 |
Red River Dance And Performing Company Fargo, ND | $462,616 | $603,612 |
Iowa State Dance Drill Team Associa Pella, IA | $390,590 | $500,398 |
Minnesota Dance Theatre & The Dance Institute Minneapolis, MN | $99,893 | $566,816 |
Royal Academy Of Dancing Milwaukee, WI | $359,611 | $544,618 |
Ananya Dance Theatre Minneapolis, MN | $1,499,402 | $1,184,302 |
Lakeville City Ballet Lakeville, MN | $164,893 | $404,380 |
Saint Paul Ballet Saint Paul, MN | $113,495 | $390,921 |
Kairos Alive Minneapolis, MN | $141,910 | $258,598 |