Minnesota Dance Theatre & The Dance Institute
- Assets
- $99.9k
- Revenue
- $566.8k
- Investments
- $0.0
- Employees
- 92
- Location
- Minneapolis, MN
- Founding
- 09/1991
- Data as of
- 06/2021
- EIN
- 41-1696668
Organization Overview
Minnesota Dance Theatre & The Dance Institute is located in Minneapolis, MN. The organization was established in 1991. 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 06/2021, Minnesota Dance Theatre & The Dance Institute employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Dance Theatre & The Dance Institute 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 06/2021, Minnesota Dance Theatre & The Dance Institute generated $566.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $465.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 6 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 CREATE MASTERFUL AND INSPIRING DANCE THROUGH PERFORMANCE AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPANY: MDT OPERATES WITH THE GOAL OF BEING A LEADING RESIDENT COMPANY, SERVING PROFESSIONAL DANCERS WITH CONTRACTED WORK AT A LIVABLE WAGE, AND PRESENTING AUDIENCES WITH NEW, BOLD WORK BY PREEMINENT AND EMERGING CHOREOGRAPHERS ALONGSIDE SIGNATURE WORK FROM MDT'S REPERTOIRE.SCHOOL: MDT OFFERS A RENOWNED SCHOOL THAT FOSTERS TALENT BY PROVIDING A COMPREHENSIVE DANCE EDUCATION IN CLASSICAL AND CONTEMPORARY AESTHETICS AND A COMMITTED PARTNERSHIP BETWEEN SCHOOL AND COMPANY, RESULTING IN A DYNAMIC ARTISTIC ENVIRONMENT IN WHICH STUDENTS ARE TAUGHT BY AND PERFORM ALONGSIDE PROFESSIONAL DANCERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lise Houlton President | OfficerTrustee | 40 | $54,167 |
Andrew Houlton Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth A Simonson Secretary | OfficerTrustee | 1 | $0 |
Keith Halleland Director | Trustee | 1 | $0 |
Pierce Mcnally Director | Trustee | 1 | $0 |
Erin Gerrits Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $269,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,922 |
| Total Program Service Revenue | $165,557 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,309 |
| 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 | $1,028 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,816 |
| 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. | $54,167 |
| Compensation of current officers, directors, key employees. | $10,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,311 |
| Payroll taxes | $28,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,754 |
| Advertising and promotion | $7,543 |
| Office expenses | $8,364 |
| Information technology | $2,802 |
| Royalties | $0 |
| Occupancy | $65,353 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590 |
| Insurance | $5,307 |
| All other expenses | $0 |
| Total functional expenses | $465,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | -$4,578 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,045 |
| Net Land, buildings, and equipment | $295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,319 |
| Total assets | $99,893 |
| Accounts payable and accrued expenses | $74,166 |
| 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 | $47,971 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,137 |
| Net assets without donor restrictions | -$22,244 |
| 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 | $99,893 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Minnesota Dance Theatre & The Dance Institute has recieved totaling $108,437.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,571 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,310 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, ARTS & CULTURE | $8,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
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 |