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← LUNDSTRUM CENTER FOR THE PERFORMING ARTS

Form 990 for tax year 2023

Filed by LUNDSTRUM CENTER FOR THE PERFORMING ARTS.

Totals

Total revenue
$3,353,193
Total expenses
$1,890,493
Contributions and grants received
$2,824,551
Grants paid
$0
Program service revenue
$313,754
Investment income
$262,539
Other revenue
-$47,651
Total assets, end of year
$10,476,078
Total liabilities, end of year
$644,224
Net assets or fund balances, end of year
$9,831,854
Program services expenses (Part IX)
$1,164,354
Management and general expenses
$232,758
Fundraising expenses
$493,381
Program service expenses (Part III)
$1,164,354

Program services were 61.6% 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

    $482,257

  • 1e · Government grants (contributions)

    $447,197

  • 1f · All other contributions, gifts and grants

    $1,895,097

  • 1g · Noncash contributions included above

    $8,306

  • 2a · Program service revenue: PROGRAM FEES

    total $313,754 · related or exempt $313,754

  • 3 · Investment income

    total $262,539 · excluded $262,539

  • 6a · Gross rents

    real property $5,827

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $5,827

  • 6d · Net rental income or loss

    total $5,827 · excluded $5,827

  • 7a · Gross sales of assets other than inventory

    securities $1,046,656

  • 7b · Less cost or other basis and sales expenses

    securities $1,046,656

  • 7c · Gain or loss

    securities $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $482,257

  • 8b · Fundraising events: direct expenses

    $61,332

  • 8c · Net income from fundraising events

    total -$61,332 · excluded -$61,332

  • 11a · Other revenue: MISCELLANEOUS

    total $7,854 · excluded $7,854

  • 11e · Other revenue, total

    $7,854

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $289,880 · program services $156,222 · management and general $36,334 · fundraising $97,324

  • 7 · Other salaries and wages

    total $472,413 · program services $254,590 · management and general $59,213 · fundraising $158,610

  • 9 · Other employee benefits

    total $85,570 · program services $45,343 · management and general $25,615 · fundraising $14,612

  • 10 · Payroll taxes

    total $59,157 · program services $32,950 · management and general $8,206 · fundraising $18,001

  • 11c · Fees: accounting

    total $28,853 · management and general $28,853

  • 11g · Fees: other

    total $173,484 · program services $43,638 · management and general $31,578 · fundraising $98,268

  • 12 · Advertising and promotion

    total $15,971 · management and general $150 · fundraising $15,821

  • 13 · Office expenses

    total $46,768 · program services $45,958 · fundraising $810

  • 14 · Information technology

    total $21,116 · program services $9,929 · management and general $2,402 · fundraising $8,785

  • 20 · Interest

    total $10,664 · program services $9,598 · management and general $1,066

  • 22 · Depreciation, depletion and amortization

    total $114,509 · program services $103,058 · management and general $11,451

  • 23 · Insurance

    total $17,816 · program services $16,034 · management and general $1,782

  • 24a · Other expenses: PRODUCTION SUPPORT

    total $325,626 · program services $285,297 · fundraising $40,329

  • 24b · Other expenses: UTILITIES

    total $77,100 · program services $59,809 · management and general $6,645 · fundraising $10,646

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $59,906 · program services $48,187 · management and general $5,354 · fundraising $6,365

  • 24d · Other expenses: MISCELLANEOUS

    total $28,461 · program services $9,356 · management and general $9,411 · fundraising $9,694

  • 24e · All other expenses

    total $63,199 · program services $44,385 · management and general $4,698 · fundraising $14,116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,206,569 · end of year $304,489

  • 2 · Savings and temporary cash investments

    end of year $5,368,269

  • 3 · Pledges and grants receivable

    beginning of year $888,850 · end of year $1,252,050

  • 4 · Accounts receivable

    beginning of year $30,609 · end of year $27,036

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,071 · end of year $2,640

  • 10a · Land, buildings and equipment: cost or other basis

    $4,223,074

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,677,700

  • 10c · Land, buildings and equipment, net

    beginning of year $1,836,073 · end of year $2,545,374

  • 15 · Other assets

    beginning of year $47,155 · end of year $976,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,926 · end of year $80,406

  • 19 · Deferred revenue

    beginning of year $33,379 · end of year $26,376

  • 23 · Secured mortgages and notes payable

    beginning of year $556,096 · end of year $528,653

  • 25 · Other liabilities

    beginning of year $10,772 · end of year $8,789

  • 27 · Net assets without donor restrictions

    beginning of year $1,489,735 · end of year $2,236,352

  • 28 · Net assets with donor restrictions

    beginning of year $6,879,419 · end of year $7,595,502

Mission and programs · 2023

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 $1,164,354 · Revenue $313,754

As filed on the 2023 return.

Listed in Part VII

  • JOAN OLSON

    MANAGING DIRECTOR

    Total calculated
    $141,432
    From this org
    $130,378
    From related orgs
    $0
    Other
    $11,054
    Hours/week
    0.23

  • AMY ELLIS

    EXECUTIVE DIRECTOR

    Total calculated
    $111,355
    From this org
    $102,529
    From related orgs
    $0
    Other
    $8,826
    Hours/week
    0.23

  • SUSAN CASSERLY-KOSEL

    VICE CHAIR

    Total calculated
    $62,155
    From this org
    $56,973
    From related orgs
    $0
    Other
    $5,182
    Hours/week
    0.23

  • TERRI ASHMORE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.23

  • SARAH STROEBEL

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.23

  • JONATHAN CHAMBERS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.23

  • JACKIE BROWN-BAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • CHARLOTTE FRANK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • JEANNE RAVICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • ANDREA HJELM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • ADRIENNE JORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • CINDY LEJEUNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MONICA MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MIKISHA NATION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MICHAEL O'CONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • TRINKA SHARPE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MONISHA DUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • KENDALL GRIFFITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • CHARLES 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531359349310288

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