The Cedar Cultural Center Inc
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Minneapolis, MN
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 41-1669156
Organization Overview
The Cedar Cultural Center Inc is located in Minneapolis, MN. The organization was established in 1988. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cedar Cultural Center Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Cultural Center Inc 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, Cedar Cultural Center Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $909.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE INTERCULTURAL APPRECIATION AND UNDERSTANDING THROUGH THE PRESENTATION OF GLOBAL MUSIC AND DANCE. THE CEDAR IS COMMITTED TO ARTISTIC EXCELLENCE AND INTEGRITY, DIVERSITY OF PROGRAMMING, SUPPORT FOR EMERGING ARTISTS AND COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING THROUGHOUT THE FIRST HALF OF 2021 CONTINUED IN THE VIRTUAL WORLD ON THE CEDAR PUBLIC ACCESS CHANNEL. WE CREATED THE MNI SOTA MUSIC SERIES FEATURING LOCAL NATIVE MUSICIANS KEITH SECOLA, COREY MEDINA, AND THE WAKE SINGERS. THE 2021 CEDAR COMMISSION WINNERS WERE PROFILED ON THE CHANNEL, AS WERE MUSICIANS WITH OUR ARTISTS COLLECTIVE, LADY MIDNIGHT AND DEEQ ABDI. IN AUGUST OF 2021 WE OPENED THE VENUE DOORS FOR OUR FIRST IN-PERSON PERFORMANCE IN MORE THAN 18 MONTHS. THROUGHOUT THE REMAINDER OF 2021, WE PRESENTED A TOTAL OF 33 LIVE SHOWS. WHILE THE NUMBER OF PERFORMANCES PER MONTH WAS LOWER THAN WE OFFERED BEFORE COVID STRUCK, AUDIENCES AND ARTISTS WERE THRILLED TO BE GATHERING AGAIN.BUILDING BACK ORGANIZATIONAL CAPACITY IN ALL ITS FORMS REHIRING ADEQUATE STAFF, ROBUST EXTERNAL COMMUNICATIONS, SLIGHTLY MORE CERTAIN LONG-RANGE PLANNING, AND RESUMING DAY TO DAY OPERATIONS OF IN PERSON STAFF AND AUDIENCES WAS A SECONDARY FOCUS FOR THE CEDAR IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hamilton Executive Director | Officer | 40 | $87,059 |
Brent Hickman President | OfficerTrustee | 3 | $0 |
David Edminster Treasurer | OfficerTrustee | 3 | $0 |
Shetu Rose Director | Trustee | 1 | $0 |
Sue Eidem Director | Trustee | 1 | $0 |
Jessica Kopischke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $972,277 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,368,187 |
| Total Program Service Revenue | $220,868 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,341 |
| 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 | $19,104 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,058 |
| Compensation of current officers, directors, key employees. | $51,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,983 |
| Payroll taxes | $24,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $280,467 |
| Advertising and promotion | $13,792 |
| Office expenses | $6,982 |
| Information technology | $17,646 |
| Royalties | $0 |
| Occupancy | $38,632 |
| Travel | $4,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,989 |
| Insurance | $12,917 |
| All other expenses | $0 |
| Total functional expenses | $909,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,719 |
| Savings and temporary cash investments | $500,012 |
| Pledges and grants receivable | $131,579 |
| Accounts receivable, net | $83,559 |
| 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 | $2,271 |
| Net Land, buildings, and equipment | $582,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,037,241 |
| Accounts payable and accrued expenses | $72,518 |
| Grants payable | $0 |
| Deferred revenue | $425 |
| 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 | $300,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $373,043 |
| Net assets without donor restrictions | $985,604 |
| Net assets with donor restrictions | $678,594 |
| 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 | $2,037,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Cedar Cultural Center Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Rosemary And David Good Family Foundation Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard For The Arts Saint Paul, MN | $11,189,893 | $6,226,382 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Penumbra Theatre Company Inc St Paul, MN | $11,072,613 | $11,767,246 |
Vermillion Development Company Vermillion, SD | $13,347,571 | $1,278,713 |
Great River Educational Arts Theatre Waite Park, MN | $2,124,043 | $1,298,564 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
The Fitzgerald Theater Company St Paul, MN | $560 | $643,988 |
Echo Ministries Inc St Paul, MN | $978,838 | $1,341,066 |
Schauer Arts And Activities Center Inc Hartford, WI | $3,085,961 | $949,170 |
Fargo Theatre Management Corporation Fargo, ND | $1,892,050 | $869,304 |
Gatherings On The Green Inc Thiensville, WI | $404,938 | $799,351 |