Form 990 for tax year 2022
Filed by LUNDSTRUM CENTER FOR THE PERFORMING ARTS.
Totals
- Total revenue
- $5,954,059
- Total expenses
- $1,537,899
- Contributions and grants received
- $5,676,779
- Grants paid
- $0
- Program service revenue
- $281,158
- Investment income
- $33,458
- Other revenue
- -$37,336
- Total assets, end of year
- $9,017,327
- Total liabilities, end of year
- $648,173
- Net assets or fund balances, end of year
- $8,369,154
- Program services expenses (Part IX)
- $937,998
- Management and general expenses
- $186,288
- Fundraising expenses
- $413,613
- Program service expenses (Part III)
- $937,998
Program services were 61.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$417,460
-
1f · All other contributions, gifts and grants
$5,259,319
-
1g · Noncash contributions included above
$2,765
-
2a · Program service revenue: PROGRAM FEES
total $281,158 · related or exempt $281,158
-
3 · Investment income
total $33,458 · excluded $33,458
-
6a · Gross rents
real property $2,124
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,124
-
6d · Net rental income or loss
total $2,124 · excluded $2,124
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$417,460
-
8b · Fundraising events: direct expenses
$41,799
-
8c · Net income from fundraising events
total -$41,799 · excluded -$41,799
-
11a · Other revenue: MISCELLANEOUS
total $2,339 · excluded $2,339
-
11e · Other revenue, total
$2,339
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,591 · program services $94,514 · management and general $30,437 · fundraising $33,640
-
7 · Other salaries and wages
total $482,962 · program services $240,715 · management and general $75,502 · fundraising $166,745
-
9 · Other employee benefits
total $44,171 · program services $20,795 · management and general $10,747 · fundraising $12,629
-
10 · Payroll taxes
total $48,427 · program services $27,712 · management and general $5,164 · fundraising $15,551
-
11c · Fees: accounting
total $27,660 · management and general $6,530 · fundraising $21,130
-
11g · Fees: other
total $130,926 · program services $22,003 · fundraising $108,923
-
12 · Advertising and promotion
total $12,402 · management and general $272 · fundraising $12,130
-
13 · Office expenses
total $26,801 · program services $24,852 · fundraising $1,949
-
14 · Information technology
total $32,275 · program services $9,884 · management and general $19,192 · fundraising $3,199
-
20 · Interest
total $13,004 · program services $11,574 · management and general $1,300 · fundraising $130
-
22 · Depreciation, depletion and amortization
total $103,749 · program services $92,338 · management and general $10,373 · fundraising $1,038
-
23 · Insurance
total $15,938 · program services $14,185 · management and general $1,594 · fundraising $159
-
24a · Other expenses: PRODUCTION SUPPORT
total $213,943 · program services $213,943
-
24b · Other expenses: UTILITIES
total $73,215 · program services $65,161 · management and general $7,322 · fundraising $732
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $32,494 · program services $28,920 · management and general $3,249 · fundraising $325
-
24d · Other expenses: ASSOCIATION DUES
total $30,395 · program services $27,051 · management and general $3,040 · fundraising $304
-
24e · All other expenses
total $90,946 · program services $44,351 · management and general $11,566 · fundraising $35,029
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $456,619 · end of year $6,206,569
-
2 · Savings and temporary cash investments
beginning of year $2,201 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,125,375 · end of year $888,850
-
4 · Accounts receivable
beginning of year $29,943 · end of year $30,609
-
9 · Prepaid expenses and deferred charges
beginning of year $8,650 · end of year $8,071
-
10a · Land, buildings and equipment: cost or other basis
$3,401,418
-
10b · Land, buildings and equipment: accumulated depreciation
$1,565,345
-
10c · Land, buildings and equipment, net
beginning of year $1,939,822 · end of year $1,836,073
-
15 · Other assets
beginning of year $26,420 · end of year $47,155
-
17 · Accounts payable and accrued expenses
beginning of year $23,317 · end of year $47,926
-
19 · Deferred revenue
beginning of year $28,557 · end of year $33,379
-
23 · Secured mortgages and notes payable
beginning of year $555,225 · end of year $556,096
-
25 · Other liabilities
beginning of year $28,937 · end of year $10,772
-
27 · Net assets without donor restrictions
beginning of year $1,645,633 · end of year $1,489,735
-
28 · Net assets with donor restrictions
beginning of year $2,307,361 · end of year $6,879,419
Mission and programs · 2022
Mission
LUNDSTRUM'S MISSION IS TO CULTIVATE A LOVE AND KNOWLEDGE OF THE PERFORMING ARTS SO THAT YOUNG PEOPLE WILL DISCOVER THEIR UNIQUE GIFTS, DEVELOP THEIR DEPTH OF CHARACTER AND IMAGINE NEW POSSIBILITIES FOR THEIR LIVES, ENSURING ACCESS TO ALL THROUGH SCHOLARSHIP SUPPORT.
Activities or mission (Part I)
TO HELP YOUNG PEOPLE DISCOVER THEIR UNIQUE GIFTS THROUGH THE PERFORMING ARTS.
-
LUNDSTRUM PERFORMING ARTS HAS DEEP ROOTS IN SERVICE TO THE CHILDREN OF NORTH MINNEAPOLIS AND BEYOND WITH A PROGRAM THAT IS BUILT ON TWO PILLARS: ARTISTIC EXCELLENCE AND ECONOMIC ACCESS. THE ORGANIZATION IS COMMITTED TO THE HIGHEST LEVEL OF EXCELLENCE IN CONSERVATORY-STRUCTURED PERFORMING ARTS TRAINING (DANCE, VOICE AND DRAMA) FOR STUDENTS AGES 3-18. THIS HIGH-QUALITY PROGRAM IS AVAILABLE TO ALL STUDENTS THROUGH THE LUNDSTRUM SCHOLARSHIP PROGRAM. LUNDSTRUM'S UNIQUE PROGRAM BUILDS TECHNICAL SKILLS AND ALSO DEVELOPS CRITICAL SOCIO-EMOTIONAL SKILLS SUCH AS CONFIDENCE, DISCIPLINE, TEAMWORK, ABILITY TO ADAPT/IMPROVISE AND CULTURAL LITERACY.
Expenses $937,998 · Revenue $281,158
As filed on the 2022 return.
Listed in Part VII
-
Terri AshmoreTERRI ASHMORE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.23
-
Jackie Brown-BaylorJACKIE BROWN-BAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Charlotte FrankCHARLOTTE FRANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Jeanne RavichJEANNE RAVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Andrea HjelmANDREA HJELM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Adrienne JordanADRIENNE JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Cindy LejeuneCINDY LEJEUNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Monica MurphyMONICA MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Mikisha NationMIKISHA NATION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Michael O'Connell RetiredMICHAEL O'CONNELL RETIRED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Trinka SharpeTRINKA SHARPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Amy EllisAMY ELLIS
EXECUTIVE DIRECTOR
- Total calculated
- $108,491
- From this org
- $104,016
- From related orgs
- $0
- Other
- $4,475
- Hours/week
- 45
-
Susan Casserly-KoselSUSAN CASSERLY-KOSEL
VICE CHAIR
- Total calculated
- $58,758
- From this org
- $56,178
- From related orgs
- $0
- Other
- $2,580
- Hours/week
- 45
-
Sarah StroebelSARAH STROEBEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.23
-
Jonathan ChambersJONATHAN CHAMBERS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.23
-
Monisha DunnMONISHA DUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Joan OlsonJOAN OLSON
MANAGING DIRECTOR
- Total calculated
- $143,078
- From this org
- $135,864
- From related orgs
- $0
- Other
- $7,214
- Hours/week
- 45
-
Kendall GriffithKENDALL GRIFFITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Charles CaldwellCHARLES CALDWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420999349301027
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