Threads Dance Project
- Assets
- $199.2k
- Revenue
- $431.0k
- Investments
- $0.0
- Employees
- 16
- Location
- Minneapolis, MN
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 27-3479875
Organization Overview
Threads Dance Project is located in Minneapolis, 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 12/2023, 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 12/2023, Threads Dance Project generated $431.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $313.2k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
2023
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
-TAPESTRIES PROGRAM TO SUPPORT BIPOC & FEMALE CHOREOGRAPHERS BY GIVING THEM THE RESOURCES TO CREATE WORKNUMBER OF SESSIONS - 16 OF PLANNED 30 SESSIONS CANCELLED DUE TO PANDEMIC; #CLIENTS SERVED - 3 CHOREOGRAPHERS, 8 DANCERS
- OUT OF THE ASHES PERFORMANCE AT THE ORDWAYFALL SHOW COMMEMORATING THE EVENTS OF 9/11. THIS WAS CANCELLED DUE TO COVID-19.
"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. "
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Norman President | OfficerTrustee | 2 | $0 |
Omarra Alexander Secretary | OfficerTrustee | 1 | $0 |
Kenneth Charles Director | Trustee | 1 | $0 |
Alicia Phillips Vice President | OfficerTrustee | 1 | $0 |
Amanda Thor Director | Trustee | 1 | $0 |
Ella Mcgrady-Wiley Treasurer/secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,102 |
| Related organizations | $0 |
| Government grants | $59,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,648 |
| Total Program Service Revenue | $47,048 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,039 |
| 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 | $430,988 |
| 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. | $39,056 |
| Compensation of current officers, directors, key employees. | $3,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,967 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,133 |
| Advertising and promotion | $3,621 |
| Office expenses | $3,740 |
| Information technology | $1,832 |
| Royalties | $0 |
| Occupancy | $44,300 |
| Travel | $4,719 |
| 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 | $2,763 |
| All other expenses | $2,653 |
| Total functional expenses | $313,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,796 |
| 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 | $392 |
| 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 | $199,188 |
| Accounts payable and accrued expenses | $1,150 |
| Grants payable | $0 |
| Deferred revenue | $61,136 |
| 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 | $0 |
| Total liabilities | $62,286 |
| Net assets without donor restrictions | $136,902 |
| 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 | $199,188 |