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Nonprofiteer
← THE COWLES CENTER

Form 990 for tax year 2023

Filed by THE COWLES CENTER.

Totals

Total revenue
$3,436,956
Total expenses
$3,503,241
Contributions and grants received
$2,650,389
Grants paid
$154,000
Program service revenue
$692,847
Investment income
$24
Other revenue
$93,696
Total assets, end of year
$17,694,098
Total liabilities, end of year
$411,540
Net assets or fund balances, end of year
$17,282,558
Program services expenses (Part IX)
$3,219,781
Management and general expenses
$261,706
Fundraising expenses
$21,754
Program service expenses (Part III)
$3,219,781

Program services were 91.9% 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

    $38,250

  • 1d · Related organizations

    $2,030,650

  • 1e · Government grants (contributions)

    $180,889

  • 1f · All other contributions, gifts and grants

    $400,600

  • 1g · Noncash contributions included above

    $10,018

  • 2a · Program service revenue: Ticket Sales And Fees

    total $435,711 · related or exempt $435,711

  • 2b · Program service revenue: Rental Income

    total $208,528 · related or exempt $208,528

  • 2c · Program service revenue: Educational Services

    total $45,008 · related or exempt $45,008

  • 2f · All other program service revenue

    total $3,600 · related or exempt $3,600

  • 3 · Investment income

    total $24 · excluded $24

  • 6a · Gross rents

    real property $98,990

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $98,990

  • 6d · Net rental income or loss

    total $98,990 · excluded $98,990

  • 8a · Fundraising events: gross income

    $13,315

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

    $38,250

  • 8b · Fundraising events: direct expenses

    $18,609

  • 8c · Net income from fundraising events

    total -$5,294 · excluded -$5,294

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $154,000 · program services $154,000

  • 7 · Other salaries and wages

    total $865,604 · program services $846,689 · management and general $14,880 · fundraising $4,035

  • 9 · Other employee benefits

    total $137,527 · program services $134,522 · management and general $2,364 · fundraising $641

  • 10 · Payroll taxes

    total $103,721 · program services $101,454 · management and general $1,783 · fundraising $484

  • 11b · Fees: legal

    total $8,446 · management and general $8,446

  • 11c · Fees: accounting

    total $27,275 · management and general $27,275

  • 11g · Fees: other

    total $337,533 · program services $223,533 · management and general $114,000

  • 12 · Advertising and promotion

    total $42,956 · program services $42,906 · management and general $50

  • 13 · Office expenses

    total $107,040 · program services $90,081 · management and general $11,420 · fundraising $5,539

  • 14 · Information technology

    total $101,423 · program services $42,848 · management and general $54,412 · fundraising $4,163

  • 16 · Occupancy

    total $426,109 · program services $420,180 · management and general $4,664 · fundraising $1,265

  • 17 · Travel

    total $98,944 · program services $94,781 · management and general $4,163

  • 19 · Conferences, conventions and meetings

    total $1,801 · program services $245 · management and general $1,487 · fundraising $69

  • 22 · Depreciation, depletion and amortization

    total $810,308 · program services $797,173 · management and general $10,333 · fundraising $2,802

  • 23 · Insurance

    total $74,044 · program services $72,419 · management and general $1,278 · fundraising $347

  • 24a · Other expenses: Box Office Split

    total $164,955 · program services $164,955

  • 24b · Other expenses: Credit Card Merchant Fe

    total $18,267 · program services $17,778 · management and general $489

  • 24c · Other expenses: Bad Debt Expense

    total $12,025 · program services $12,025

  • 24d · Other expenses: Dues, Subcriptions, Lic

    total $3,018 · program services $2,405 · management and general $288 · fundraising $325

  • 24e · All other expenses

    total $8,245 · program services $1,787 · management and general $4,374 · fundraising $2,084

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $781,488 · end of year $695,956

  • 3 · Pledges and grants receivable

    beginning of year $849,000 · end of year $500,840

  • 4 · Accounts receivable

    beginning of year $64,299 · end of year $16,776

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

    $23,958,858

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

    $7,478,332

  • 10c · Land, buildings and equipment, net

    beginning of year $25,134,775 · end of year $16,480,526

  • 17 · Accounts payable and accrued expenses

    beginning of year $566,881 · end of year $305,242

  • 19 · Deferred revenue

    beginning of year $1,428 · end of year $17,530

  • 25 · Other liabilities

    beginning of year $1,253,705 · end of year $88,768

  • 27 · Net assets without donor restrictions

    beginning of year $23,487,565 · end of year $16,203,651

  • 28 · Net assets with donor restrictions

    beginning of year $1,519,983 · end of year $1,078,907

Mission and programs · 2023

Mission

To provide a home for the local dance company and work as an advocate for these artists by providing a professional environment with opportunities for them to refine and perform their work.

Activities or mission (Part I)

To provide a home for the local dance company and work as an advocate for these artists.

  • Performance Program -The Cowles Center provides opportunities for resident and non-resident performing arts organizations to present performances to the public in a world-class venue that is designed to meet the needs of dance artists. The theater is specifically designed for the needs of dance, with a sprung floor, a fly-loft, and sightlines that keep dancers visible from their toes to their greatest leaps. The 15-20 Minnesota-based companies featured in The Cowles Center's annual performance season pay no upfront rental fees for the use of space. The costs of marketing materials, paid advertising, box office/support staff, and significant portions of technical backstage labor are also absorbed by The Cowles Center. These subsidies mitigate prohibitive cost barriers and ultimately free artists/companies to focus on what they do best creating and performing innovative dance work that is dynamic, challenging, and surprising.

    Expenses $1,525,280 · Revenue $435,711

  • Education Program - The Cowles Center enriches arts education for more than 11,000 students and community members annually through residencies with The Cowles Center Teaching Artists, Student Matinee performances, MovementWise dance workshops for older adults, and a host of other community-focused initiatives. Generous support from community partners allows The Cowles Center to provide these programs for free or at little cost to participants, removing the barriers to high-quality dance education.In 2023, K-12 residency programs (Dance without Barriers, Creations, and First Moves) reached 3,882 students through 655 sessions.

    Expenses $465,232 · Revenue $45,008

  • Facilities Program: The facilities program at The Cowles Center supports the performing arts community by providing performance, rehearsal/studio, and administrative office space at 40% below market value for 20 area nonprofit dance and performing arts organizations, including two of Minnesota's leading dance schools, and a network of independent artists and choreographers.

    Expenses $724,329 · Revenue $208,528

  • McKnight Fellowship Program: The Cowles Center is home to the prestigious McKnight Fellowships for Dance and Choreography, which annually awards three mid-career dancers and three mid-career choreographers to deepen their craft and develop new projects.

    Expenses $504,940 · Grants $154,000 · Revenue $3,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • L Kelley Lindquist

    President

    Total calculated
    $268,476
    From this org
    $0
    From related orgs
    $239,316
    Other
    $29,160
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,316 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,600 related
    Nontaxable benefits
    $0 + $16,758 related
    Filer's total
    $0 + $268,674 related

  • Will Law

    Treasurer

    Total calculated
    $232,037
    From this org
    $0
    From related orgs
    $201,610
    Other
    $30,427
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,610 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,157 related
    Nontaxable benefits
    $0 + $19,468 related
    Filer's total
    $0 + $232,235 related

  • Kathleen Kvern

    Secretary

    Total calculated
    $184,582
    From this org
    $0
    From related orgs
    $156,395
    Other
    $28,187
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,395 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,708 related
    Nontaxable benefits
    $0 + $19,677 related
    Filer's total
    $0 + $184,780 related

  • Stacey Mickelson

    Vice President

    Total calculated
    $169,615
    From this org
    $0
    From related orgs
    $150,148
    Other
    $19,467
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,148 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,570 related
    Nontaxable benefits
    $0 + $12,095 related
    Filer's total
    $0 + $169,813 related

  • Steve Stanley thru Aug

    Chief Financial Officer

    Total calculated
    $128,319
    From this org
    $0
    From related orgs
    $103,377
    Other
    $24,942
    Hours/week
    2 + 50 related

  • Beth Chalmers

    Chief Financial Officer

    Total calculated
    $57,564
    From this org
    $0
    From related orgs
    $52,642
    Other
    $4,922
    Hours/week
    2 + 50 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The organization relies upon Artspace Projects, Inc., a related organization, to establish compensation for the organization's officers. Artspace Projects, Inc. uses one or more of these methods as part of the compensation process.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • Artspace HCA LLC

    $246,840

    Disposition · Land · Dec 28, 2023 · Single Member, LLC

  • Artspace HCA LLC

    $7,411,865

    Disposition · Building & Equipment · Dec 28, 2023 · Single Member, LLC

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413129349301566

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