Taikoarts Midwest FY2021 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2016Arts & CultureEIN 81-2475404Revenue $192K in FY2021

On file with the IRStaikoartsmidwest.org3949 13th Ave S, 55407-2735 · Minneapolis, MNTax-exempt since May 2016Publicly supported — 509(a)(2)

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To develop, produce, and promote artistic excellence in taiko performance and to use taiko to strenghen and build community. Activities include producing concerts, film, teaching studio classes, performing in community and school events, in-school, residencies, workshops, and creating new work.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 27.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $398K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$172K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192K
-55% vs prior year
Spent
$131K
To programs
48%
Net assets
$149K
By yearFY2020–FY2024
Revenue
$192K
FY2021▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$430K
FY2021$192K
FY2022$296K
FY2023$548K
FY2024$743K
FY2024$1.0M
Expenses
$131K
FY2021▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2020$399K
FY2021$131K
FY2022$290K
FY2023$585K
FY2024$826K
FY2024$817K
Net assets
$149K
FY2021▲ +70%
Tap a bar for its year
Net assets by fiscal year
FY2020$88K
FY2021$149K
FY2022$155K
FY2023$119K
FY2024$464K
FY2024$677K

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $63K Management & general 52% · $68K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member, Executive Director
$36,737Pt VII · Sec A
Board Member
$250Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

Jennifer Weir’s $117K as Executive Director is at the 46th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jennifer Weir$116,853$116,853$104,516$36,737$36,737$31,125
Jennifer Houston——$2,500———
Elizabeth Kane——$2,450$250$250$1,300
Tommearun Sar——$200———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Taikoarts Midwest executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes artistic taiko performance and builds community through concerts, classes, and workshops.

Provided by the organization

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3 programs · $63K · in their own filed words · FY2020
01

Hold weekly studio classes for all skill levels. Expenses include teacher salary and studio rent.

$39Kprogram expense
02

Produce concerts and documentary film about women and taiko. Revenue totals include grants, individual contributions, and program revenue.

$18Kprogram expense
03

Perform in school and community events and lead in-school residencies.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$192K
Ln 12
Gifts and grantsLn 1h$168K
Fees for servicesLn 2g$24K
Investment incomeLn 3$343
Money outPt IX
$131K
Ln 25
Programscol B$63K
Managementcol C$68K
Owns and owesPt X
$149K
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$321K
LiabilitiesLn 26$172K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$168K
Government grantsLn 1e$78K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$24K
Investment incomeLn 3$343
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$277K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$300K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$321K
LiabilitiesLn 26$172K
Net assetsLn 32$149K
OperationsPt I, VI
EmployeesI 59
VolunteersI 630
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$221K$300K
Land, buildings, equipmentLn 10c$32K$21K
Total assetsLn 16$253K$321K
LiabilitiesLn 26$166K$172K
Net assetsLn 32$88K$149K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$25K$0$25K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$16K$16K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$8K$0$8K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$35K$35K$0$0
Advertising and promotionLn 12$585$432$153$0
Office expensesLn 13$4K$0$4K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$26K$26K$0$0
TravelLn 17$866$866$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$12K$0$12K$0
InsuranceLn 23$2K$0$2K$0
All other expensesLn 24e$789$344$445$0
Total functional expensesLn 25$131K$63K$68K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $743K$826K−$83K$464K 990 PDF
FY2023 $548K$585K−$37K$119K 990 PDF
FY2022 $296K$290K$6K$155K 990 PDF
FY2021 Viewing $192K$131K$62K$149K 990 PDF
FY2020 $430K$399K$32K$88K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $192,272 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,959$168,026
I-9 Program service revenuePrior year $81,907$23,903
I-10 Investment incomePrior year $1,313$343
I-11 Other revenuePrior year −$759$0
I-12 Total revenuePrior year $430,420$192,272
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $115,937$49,277
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $282,870$81,438
I-18 Total expensesPrior year $398,807$130,715
I-19 Revenue less expensesPrior year $31,613$61,557
Part VI · Governance 6 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $192,272 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$77,810
VIII-1f All other contributions, gifts and grants$90,216
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$168,026
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,903 · Unrelated business $0 · Excluded from tax $0$23,903
VIII-3 Investment incomeRelated to mission $343 · Unrelated business $0 · Excluded from tax $0$343
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $24,246 · Unrelated business $0 · Excluded from tax $0$192,272
Part IX · Statement of functional expenses $130,715 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $25,000 · Fundraising $0$25,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesManagement $16,288 · Fundraising $0$16,288
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $7,989 · Fundraising $0$7,989
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $35,302 · Management $0 · Fundraising $0$35,302
IX-12 Advertising and promotionPrograms $432 · Management $153 · Fundraising $0$585
IX-13 Office expensesPrograms $0 · Management $4,050 · Fundraising $0$4,050
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $26,100 · Management $0 · Fundraising $0$26,100
IX-17 TravelPrograms $866 · Management $0 · Fundraising $0$866
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $11,640 · Fundraising $0$11,640
IX-23 InsurancePrograms $0 · Management $2,106 · Fundraising $0$2,106
IX-24e All other expensesPrograms $344 · Management $445 · Fundraising $0$789
IX-25 Total functional expensesPrograms $63,044 · Management $67,671 · Fundraising $0$130,715
Part X · Balance sheet $320,811 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $198,601$277,264
X-2 Savings and temporary cash investmentsStart of year $22,419$22,761
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $32,426$20,786
X-16 Total assetsStart of year $253,446$320,811
X-17 Accounts payable and accrued expensesStart of year $1,469$1,505
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $19,737$22,704
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $165,941$171,750
X-32 Total net assets or fund balancesStart of year $87,505$149,061
X-33 Total liabilities and net assetsStart of year $253,446$320,811
Part XI · Reconciliation of net assets $149,061 net assets at year end
XI-1 Total revenue$192,272
XI-2 Total expenses$130,715
XI-3 Revenue less expenses$61,557
XI-4 Net assets at start of year$87,505
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$149,061

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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