Tapestry Folkdance Center
- Assets
- $500.4k
- Revenue
- $232.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Minneapolis, MN
- Founding
- 12/1983
- Data as of
- 06/2022
- EIN
- 41-1459618
Organization Overview
Tapestry Folkdance Center is located in Minneapolis, MN. The organization was established in 1983. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Tapestry Folkdance Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tapestry Folkdance Center 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 06/2022, Tapestry Folkdance Center generated $232.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $213.6k during the year ending 06/2022. 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
TAPESTRY FOLKDANCE CENTER'S MISSION IS "TO CREATE OPPORTUNITIES FOR PARTICIPATING IN THE JOYS OF DANCE AND MUSIC FROM AROUND THE WORLD."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST PROGRAM AT TAPESTRY FOLKDANCE CENTER (TAPESTRY) IS WEEKLY DANCES. TAPESTRY HOSTS WEEKLY DANCES IN A VARIETY OF STYLES, INCLUDING CONTRA, INTERNATIONAL, ENGLISH COUNTY, AND BALLROOM. IN THIS FISCAL YEAR, TAPESTRY HOSTED OVER 200 DANCES. ON A TYPICAL WEEKEND, 100-200 PEOPLE PARTICIPATED IN WEEKLY DANCES. TAPESTRY ALSO HOSTED MONTHLY DANCES INCLUDING A DANCE FOR SENIORS. MOST DANCES INCLUDE INSTRUCTION.
TAPESTRY OWNS THE BUILDING AT 3748 MINNEHAHA AVENUE IN MINNEAPOLIS AND MAKES IT AVAILABLE FOR NON-AFFILIATED DANCE GROUPS. DURING THE YEAR, ROUGHLY TWO DOZEN DANCE ORGANIZATIONS RENT STUDIO SPACE TO TEACH A WIDE VARIETY OF DANCE FORMS.
IN ADDITION TO THE WEEKLY AND MONTHLY DANCES, TAPESTRY HOSTED ONE LARGE WEEKEND EVENT THAT DREW DANCERS FROM AROUND THE REGION AND THE NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Mosey Executive Director | Officer | 32 | $42,000 |
Charles Carodenuto Vice President | OfficerTrustee | 4 | $0 |
Kevin Geraghty Treasurer | OfficerTrustee | 4 | $0 |
Mary Alice Schumacher Secretary | OfficerTrustee | 4 | $0 |
Margaret Olsen President | OfficerTrustee | 8 | $0 |
Trenne Fields Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,040 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,981 |
| Total Program Service Revenue | $86,650 |
| Investment income | $1,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,200 |
| 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 | $232,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,710 |
| Compensation of current officers, directors, key employees. | $17,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,400 |
| Payroll taxes | $5,748 |
| Fees for services: Management | $570 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $12,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,955 |
| Advertising and promotion | $1,159 |
| Office expenses | $2,528 |
| Information technology | $2,073 |
| Royalties | $1,730 |
| Occupancy | $41,017 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,174 |
| Insurance | $6,174 |
| All other expenses | $2,959 |
| Total functional expenses | $213,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,457 |
| Savings and temporary cash investments | $100,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160 |
| 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 | $828 |
| Net Land, buildings, and equipment | $300,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,373 |
| Accounts payable and accrued expenses | $27,548 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,548 |
| Net assets without donor restrictions | $472,825 |
| 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 | $500,373 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tapestry Folkdance Center has recieved totaling $1,209.
| Awarding Organization | Amount |
|---|---|
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |
Zeitgeist Center For Arts And Community Duluth, MN | $16,526,029 | $2,402,669 |
Seward Redesign Inc Minneapolis, MN | $17,574,323 | $2,638,078 |
Bloomington Theatre And Art Center Dba Artistry Bloomington, MN | $570,526 | $1,529,131 |
Phipps Center For The Arts Inc Hudson, WI | $10,511,884 | $2,040,286 |