2024-11-07T08:41:01-06:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 271173436 The Cowles Center COWL 6122063636 528 Hennepin Ave 700 Minneapolis MN 55403 William Law Treasurer 6122063636 2024-11-06 1 1 Deb Nelson CPA P01264758 6122536500 2024-11-06 2023 2024-10-15 13:58:12Z X The Cowles Center for Dance L Kelley Lindquist 528 Hennepin Ave 700 Minneapolis MN 55403 3455565 0 X www.thecowlescenter.org X 2009 MN To provide a home for the local dance company and work as an advocate for these artists. X 4 0 63 19 0 0 3039029 2650389 678792 692847 30 24 82814 93696 3800665 3436956 151000 154000 0 0 1026262 1106852 0 0 21754 2096536 2242389 3273798 3503241 526867 -66285 26829562 17694098 1822014 411540 25007548 17282558 X 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. 0 0 1525280 0 435711 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. 465232 0 45008 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. 724329 0 208528 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. 504940 154000 3600 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. 504940 154000 3600 3219781 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 55 0 1 63 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 4 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X Nu Lee 6512637273 528 Hennepin Ave Suite 700 Minneapolis MN 55403 L Kelley Lindquist President 10.00 40.00 X X 0 239316 29160 Will Law Treasurer 10.00 40.00 X X 0 201610 30427 Kathleen Kvern Secretary 10.00 40.00 X X 0 156395 28187 Stacey Mickelson Vice President 10.00 40.00 X X 0 150148 19467 Steve Stanley thru Aug Chief Financial Officer 2.00 50.00 X 0 103377 24942 Beth Chalmers Chief Financial Officer 2.00 50.00 X 0 52642 4922 0 903488 137105 0 0 1 0 Performance Property Management Co 250 3rd Ave N Ste 400 Minneapolis MN 55401 On-site management services and maintena 265001 1 38250 2030650 180889 400600 10018 2650389 Ticket Sales And Fees 711120 435711 435711 Rental Income 531120 208528 208528 Educational Services 711120 45008 45008 3600 3600 692847 24 24 98990 0 98990 98990 98990 13315 38250 18609 -5294 -5294 3436956 692847 0 93720 154000 154000 865604 846689 14880 4035 137527 134522 2364 641 103721 101454 1783 484 8446 8446 27275 27275 337533 223533 114000 42956 42906 50 107040 90081 11420 5539 101423 42848 54412 4163 426109 420180 4664 1265 98944 94781 4163 1801 245 1487 69 810308 797173 10333 2802 74044 72419 1278 347 Box Office Split 164955 164955 Credit Card Merchant Fe 18267 17778 489 Bad Debt Expense 12025 12025 Dues, Subcriptions, Lic 3018 2405 288 325 8245 1787 4374 2084 3503241 3219781 261706 21754 781488 695956 849000 500840 64299 16776 23958858 7478332 25134775 16480526 26829562 17694098 566881 305242 1428 17530 1253705 88768 1822014 411540 X 23487565 16203651 1519983 1078907 25007548 17282558 26829562 17694098 X -66285 -7658705 X 0 1 X 1 0 X 2130824 828211 3021033 3039029 2650389 11669486 2130824 828211 3021033 3039029 2650389 11669486 2662736 9006750 110418 142730 147240 110320 99014 609722 12279208 3707726 0.73350 0.66620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23795940 7315414 16480526 162918 162918 0 16480526 Payable to Related Parties 62616 Tenant Deposits 26152 88768 X 3436956 0 3436956 0 3436956 3503241 0 3503241 0 3503241 Part X, Line 2: The Center believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Center would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Gala 51565 38250 13315 11174 2657 4778 51565 38250 13315 11174 2657 4778 18609 -5294 1 McKnight Dancer & Choreographer Fellowships 13 154000 Part I, Line 2: The Cowles Center maintains artist contracts and copies of the application requirements for the fellowship programs. 0 0 0 0 0 0 0 0 0 L Kelley Lindquist President 0 239316 0 0 0 0 0 12600 0 16758 0 268674 0 0 Will Law Treasurer 0 201610 0 0 0 0 0 11157 0 19468 0 232235 0 0 Kathleen Kvern Secretary 0 156395 0 0 0 0 0 8708 0 19677 0 184780 0 0 Stacey Mickelson Vice President 0 150148 0 0 0 0 0 7570 0 12095 0 169813 0 0 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. Land 2023-12-28 246840 Book Value 411350071 Artspace HCA LLC 250 Third Ave North Suite 400 Minneapolis MN 55401 Single Member, LLC Building & Equipment 2023-12-28 7411865 Book Value 411350071 Artspace HCA LLC 250 Third Ave North Suite 400 Minneapolis MN 55401 Single Member, LLC 1 0 0 0 Part II, Line 2e: Person(s) Involved: L. Kelley Linquist, Will Law, Beth Chalmers Part II, Line 2e: Explanation of Involvement: Artspace HCA, LLC is a disregarded entity that is wholly owned by Artspace Projects Inc. The Cowles Center Officers and Directors listed, are also Officers and Directors of Artspace Projects, and therefore, will be Officers and Directors of the transferee organization. Form 990, Part VI, Section A, line 2 The President, Vice President, Treasurer, Secretary and Chief Financial Officer of The Cowles Center are employed by Artspace Projects, Inc., a related tax-exempt organization. These individuals are also board officers and members or officers of Artspace Projects, Inc. Therefore, business relationships exist between these individuals. Form 990, Part VI, Section A, line 7a Artspace Projects, Inc., a related organization, appoints the board of directors. Form 990, Part VI, Section A, line 8b The organization has no other committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed annually by the internal accountant and the Board Members before the return is filed. Form 990, Part VI, Section B, line 12c Board members are required to sign off on the Conflict of Interest policy annually to show that they understand the policy. The conflict of interest statement is collected from all board members annually. An interested person may present the facts of the proposed transaction or arrangement, but may not discuss or vote on approval. The President or the respective Committee determines, if appropriate, if a disinterested person or committee needs to be appointed to investigate alternatives to the proposed transaction or arrangement. Form 990, Part VI, Section B, line 15a Compensation for Officers of the organization is established by Artspace Projects, Inc., a related organization. Comparability data, performance reviews, and written documentation of the process is kept in the personnel files. Form 990, Part VI, Section C, line 19 The Organization's Articles of Incorporation, Bylaws, Conflict of Interest Policy and Financial Statements are available upon request. Form 990, Part XI, line 9: Transfer of assets to Artspace HCA, LLC. -7,658,705. Artspace Projects Inc 250 3rd Avenue North Suite 400 Minneapolis MN 55401 411350071 Property management & development. MN 501(c)(3) Line 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0