Textile Center Of Minnesota is located in Minneapolis, MN. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 03/2024, Textile Center Of Minnesota employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Textile Center Of Minnesota 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 03/2024, Textile Center Of Minnesota 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 6.5% each year. All expenses for the organization totaled $1.3m during the year ending 03/2024. While expenses have increased by 4.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TEXTILE CENTER'S MISSION IS TO HONOR TEXTILE TRADITIONS, PROMOTE EXCELLENCE AND INNOVATION, NUTURE APPRECIATION, AND INSPIRE WIDESPREAD PARTICIPATION IN FIBER ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXTILE CENTER WAS FOUNDED IN 1994 AND IS A NATIONAL CENTER FOR FIBER ART BASED IN MINNEAPOLIS. OUR PROGRAMMING INCLUDES YEAR-ROUND EXHIBITIONS, FIBER ART EDUCATION PROGRAMS FOR ADULTS AND YOUTH, A LIBRARY THAT IS HOME TO MORE THAN 35,000 BOOKS AND PERIODICALS DEDICATED TO TEXTILES AND FIBER ART, A RETAIL ARTISAN SHOP THAT PROVIDES INCOME TO FIBER ARTISTS FROM AROUND THE REGION, COMMUNITY OUTREACH PROGRAMS, OUR DYE LAB AND DYE GARDEN, AND THE MCKNIGHT FELLOWSHIPS FOR FIBER ARTISTS. FIBER ART IS THE #1 ART FORM PRACTICED BY MINNESOTANS ("MINNESOTANS AND THE ARTS" MINNESOTA COMPASS), AND TEXTILE CENTER HAS BEEN THE ITS CHAMPION. OUR HOME IS LOCATED AT 3000 UNIVERSITY AVE. SE IN MINNEAPOLIS, MINNESOTA, NEXT TO THE METRO GREEN LINE PROSPECT PARK STATION. TEXTILE CENTER IS COMMITTED TO INCREASING FIBER ARTS KNOWLEDGE AND SKILLS, WHICH CONCRETELY SUPPORTS OUR STRATEGIC GOALS TO:1. LEAD WITH INCLUSIVE PRINCIPLES TO ENSURE ALL CONSTITUENTS, REGARDLESS OF RACE, GENDER, SEXUAL ORIENTATION, AGE, INCOME, AND DISABILITIES, HAVE OPPORTUNITIES TO THRIVE.2. PRIORITIZE AFFORDABILITY AND ACCESSIBILITY OF OUR PROGRAM OFFERINGS.3. SUPPORT AND INSPIRE FIBER ARTISTS, MAKERS, AND APPRECIATORS AT ALL LEVELS THROUGH CLASSES, EXHIBITIONS, FELLOWSHIPS, SALES, AND COLLABORATION.TEXTILE CENTER PRESENTS MORE THAN 20 EXHIBITIONS PER YEAR IN ITS FOUR GALLERIES THE JOAN MONDALE GALLERY, MARY GILES GALLERY, COMMUNITY GALLERY, AND LIBRARY GALLERY. ALL EXHIBITIONS ARE FREE AND OPEN TO THE PUBLIC FIVE DAYS A WEEK, AND THEY ARE ALSO PRESENTED VIRTUALLY ON OUR WEBSITE. TO FOSTER FIBER ARTS APPRECIATION AND ENTREPRENEURISM, OUR ARTISAN RETAIL SHOP OFFERS THE PUBLIC OPPORTUNITIES TO MEET ARTISTS VIA DEMONSTRATIONS, TRUNK SHOWS, AND EXHIBITS, AND WE MENTOR CONSIGNMENT ARTISTS ON BUSINESS PRACTICES.WE EMBRACE ALL FORMS OF FIBER ART INCLUDING WEAVING, QUILTING, KNITTING, SEWING, DYEING, FELTING, NEEDLEWORK, LACE MAKING, BEADING, SCULPTURE, INSTALLATION, SOFT SCULPTURE, AND MULTI-MEDIA PIECES. ALL FIBER ARTS DISCIPLINES ARE OFFERED AND RANGE FROM INTRODUCTORY CLASSES FOR THE CURIOUS TO EXHIBITS OF WORKS BY MASTER ARTISTS. PROGRAMMING IS OFFERED THROUGHOUT THE TWIN CITIES, AND WE ARE EXPANDING OUR STATEWIDE AND NATIONAL REACH THROUGH OUR ONLINE PROGRAMMING. IN ADDITION TO FIBER ART CLASSES, OUR RESOURCES FOR INNOVATION INCLUDE ELLEN EREDE WELLS DYE LAB, A PLACE FOR LEARNING, EXPLORATION, AND EXPERIMENTATION, AND OUR PAT O'CONNOR LIBRARY, A SINGULAR RESOURCE FOR INVENTIVENESS AND INNOVATION, AND ONE OF THE LARGEST CIRCULATING COLLECTIONS ON FIBER ART IN THE NATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey J White President | OfficerTrustee | 2 | $0 |
Lorri Talberg Vice President | OfficerTrustee | 2 | $0 |
Cyndi Kaye Meier Treasurer | OfficerTrustee | 2 | $0 |
Abigail Kosberg Secretary | OfficerTrustee | 2 | $0 |
Melaura Schmidt Duncan Board Member | Trustee | 2 | $0 |
Richard Gilyard Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $51,877 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $337,674 |
All other contributions, gifts, grants, and similar amounts not included above | $442,994 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $832,545 |
Total Program Service Revenue | $270,643 |
Investment income | $20,037 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $19,353 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $144,790 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,287,390 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $51,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $116,856 |
Compensation of current officers, directors, key employees. | $19,023 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $569,532 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $39,458 |
Payroll taxes | $51,368 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,930 |
Advertising and promotion | $2,699 |
Office expenses | $41,767 |
Information technology | $31,983 |
Royalties | $0 |
Occupancy | $73,347 |
Travel | $23,495 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $9,048 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $57,598 |
Insurance | $19,945 |
All other expenses | $5,125 |
Total functional expenses | $1,264,339 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $524,085 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $203,297 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $14,025 |
Prepaid expenses and deferred charges | $8,431 |
Net Land, buildings, and equipment | $1,288,231 |
Investments—publicly traded securities | $429,215 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $39,753 |
Total assets | $2,507,037 |
Accounts payable and accrued expenses | $72,596 |
Grants payable | $0 |
Deferred revenue | $47,970 |
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 | $274,719 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $395,285 |
Net assets without donor restrictions | $1,395,924 |
Net assets with donor restrictions | $715,828 |
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 | $2,507,037 |