Minnesota Dance Theatre & The Dance Institute
- Assets
- $289.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 80
- Location
- Minneapolis, MN
- Founding
- 09/1991
- Data as of
- 06/2022
- 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 06/2022, Minnesota Dance Theatre & The Dance Institute employed 80 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 06/2022, Minnesota Dance Theatre & The Dance Institute generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 0.3% per year over the past 7 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
2022
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 |
|---|---|---|---|
Tom Hoch President | Trustee | 1 | $0 |
Andrew Houlton Director | OfficerTrustee | 1 | $0 |
Elizabeth A Simonson Secretary | OfficerTrustee | 1 | $0 |
Erin Gerrits Director | Trustee | 1 | $0 |
Anna Karena Director | Trustee | 1 | $0 |
Jeffrey Hankinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $500,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,600 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $641,513 |
| Total Program Service Revenue | $657,936 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $625 |
| 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 | $3,866 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,308,541 |
| 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. | $48,750 |
| Compensation of current officers, directors, key employees. | $9,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,055 |
| Advertising and promotion | $31,268 |
| Office expenses | $14,985 |
| Information technology | $454 |
| Royalties | $0 |
| Occupancy | $73,874 |
| Travel | $1,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295 |
| Insurance | $6,235 |
| All other expenses | $0 |
| Total functional expenses | $1,074,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $4,045 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,319 |
| Total assets | $289,243 |
| Accounts payable and accrued expenses | $52,816 |
| 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 | $24,882 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,698 |
| Net assets without donor restrictions | $211,545 |
| 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 | $289,243 |