Taikoarts Midwest
- Assets
- $320.8k
- Revenue
- $192.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2016
- Data as of
- 08/2021
- EIN
- 81-2475404
Organization Overview
Taikoarts Midwest is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taikoarts Midwest is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PRODUCE, AND PROMOTE ARTISTIC EXCELLENC IN TAIKO PERFORMANCE AND TO USE TAIKO TO STRENGTHEN AND BUILD COMMUNITY. ACTIVITIES INCLUDE PRODUCING CONCERTS, FILM, TEAHCING STUDIO CLASSES, PERFORMING IN COMMUNITY AND SCHOOL EVENTS, IN-SCHOOL RESIDENCIES, WORKSHOPS, AND CREATING NEW WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD WEEKLY STUDIO CLASSES FOR ALL SKILL LEVELS. EXPENSES INCLUDE TEACHER SALARY AND STUDIO RENT.
PRODUCE CONCERTS AND DOCUMENTARY FILM ABOUT WOMEN AND TAIKO. REVENUE TOTALS INCLUDE GRANTS, INDIVIDUAL CONTRIBUTIONS, AND PROGRAM REVENUE.
PERFORM IN SCHOOL AND COMMUNITY EVENTS AND LEAD IN-SCHOOL RESIDENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Weir Board Member, Executive Director | Officer | 30 | $36,737 |
Elizabeth Kane Board Member | Trustee | 2 | $250 |
Tracee Hummel-Tanabe Board President | Officer | 1 | $0 |
Hailey Gabriel Board Member | Trustee | 1 | $0 |
Maribel Stolee Board Treasurer | Trustee | 1 | $0 |
Rick Shiomi Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,810 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,026 |
| Total Program Service Revenue | $23,903 |
| Investment income | $343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,272 |
| 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. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,302 |
| Advertising and promotion | $585 |
| Office expenses | $4,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,100 |
| Travel | $866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,640 |
| Insurance | $2,106 |
| All other expenses | $789 |
| Total functional expenses | $130,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,264 |
| Savings and temporary cash investments | $22,761 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,811 |
| Accounts payable and accrued expenses | $1,505 |
| Grants payable | $0 |
| Deferred revenue | $22,704 |
| 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 | $147,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $171,750 |
| Net assets without donor restrictions | $0 |
| 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 | $149,061 |
| Total liabilities and net assets/fund balances | $320,811 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Taikoarts Midwest has recieved totaling $238,741.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $32,175 |
F R Bigelow Foundation Trust 555 St Paul, MN PURPOSE: TAIKOARTS MIDWEST GENERAL OPERATIONS | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING 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 |