The Cedar Cultural Center Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Minneapolis, MN
- Founding
- 06/1988
- Data as of
- 12/2022
- 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 12/2022, Cedar Cultural Center Inc employed 21 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 12/2022, Cedar Cultural Center Inc generated $1.2m 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 (6.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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 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
THE CEDAR, A 501C3 ORGANIZATION, HAS NEVER WAVERED FROM ITS ORIGINAL VISION OF BUILDING A WORLD WHERE ALL COMMUNITIES AND AGES CAN CONNECT OVER HIGH-QUALITY, ORIGINAL, GLOBAL MUSIC. THROUGHOUT 2022, WE PRESENTED MORE THAN 100 ARTISTS AND BANDS, ORIGINATING FROM MORE THAN THIRTY COUNTRIES. THESE PERFORMERS, AS WELL AS LOCAL AND NATIONAL ARTISTS, CHOOSE TO PLAY THE CEDAR BECAUSE OF OUR ENTHUSIASTIC AUDIENCES, OUR NEAR-PERFECT ACOUSTICS, AND OUR HIGHLY-DANCEABLE FLOOR. OUR PROGRAMMING INCLUDED THE RETURN OF OUR ANNUAL GLOBAL ROOTS FESTIVAL, A THREE-DAY MUSIC FESTIVAL FEATURING MUSICIANS FROM ETHIOPIA, ESTONIA, AFGHANISTAN, INDIA AND KENYA. MORE THAN 500 COMMUNITY MEMBERS - INCLUDING MANY STUDENTS - PARTICIPATED IN THE FREE FESTIVAL. 2022 ALSO SAW THE CONTINUATION OF OUR ANNUAL CEDAR COMMISSIONS, A PROGRAM THAT COMMISSIONS SIX EARLY-CAREER/ EMERGING MINNESOTAN COMPOSERS AND MUSICIANS TO CREATE AND PERFORM NEW MUSIC. THIS PROGRAM IS MADE POSSIBLE BY A GENEROUS GRANT FROM THE JEROME FOUNDATION. TO DATE, MORE THAN SIXTY MINNESOTA-BASED ARTISTS OF DIVERSE STYLES AND BACKGROUNDS HAVE ADVANCED THEIR CAREERS THROUGH THIS OPPORTUNITY. FINALLY, WE DEEPENED PARTNERSHIPS WITH COMMUNITY AND CULTURAL ORGANIZATIONS, WORKING TOGETHER TO BUILD NEW AUDIENCES FOR OUR GLOBAL PERFORMANCES. EXAMPLES OF 2022 PARTNERSHIPS INCLUDE MINNESOTA ORCHESTRA, SUMMER CYPHER, ALLIANCE FRANCAISE, THEATER MU, THE UKRANIAN AMERICAN COMMUNITY CENTER, NACDI AND THE WALKER ART CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Woster Executive Dir | OfficerTrustee | 40 | $42,115 |
David Hamilton Executive Dir | OfficerTrustee | 40 | $35,657 |
Karen Quiroz Director | Trustee | 1 | $0 |
Garrett Mcqueen Director | Trustee | 1 | $0 |
Jessica Kopischke Director | Trustee | 1 | $0 |
Maryam Yusefzadeh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,490 |
| Total Program Service Revenue | $422,052 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,530 |
| 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 | $68,033 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,171,110 |
| 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. | $77,772 |
| Compensation of current officers, directors, key employees. | $32,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,533 |
| Payroll taxes | $51,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,152 |
| Fees for services: Accounting | $34,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,531 |
| Advertising and promotion | $21,695 |
| Office expenses | $12,672 |
| Information technology | $25,087 |
| Royalties | $0 |
| Occupancy | $33,119 |
| Travel | $7,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,818 |
| Insurance | $10,145 |
| All other expenses | $0 |
| Total functional expenses | $1,362,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,600 |
| Savings and temporary cash investments | $827,186 |
| Pledges and grants receivable | $108,293 |
| Accounts receivable, net | $0 |
| 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 | $36,425 |
| Net Land, buildings, and equipment | $557,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,848,744 |
| Accounts payable and accrued expenses | $75,925 |
| 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 | $300,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $376,025 |
| Net assets without donor restrictions | $1,313,843 |
| Net assets with donor restrictions | $158,876 |
| 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 | $1,848,744 |