Overview
What is The Cowles Center?
The Cowles Center, located at 250 3rd Avenue North 400, Minneapolis, MN 55401, is a nonprofit organization with a mission to serve as a home and advocate for local dance companies. Operating as The Cowles Center for Dance, this venue offers a world-class space designed specifically for dance artists, featuring a sprung floor, a fly-loft, and optimal sightlines. The center provides resident and non-resident companies with the opportunity to present performances to the public without incurring upfront rental fees or bearing the costs of marketing materials, paid advertising, box office/support staff, and significant portions of technical backstage labor. By subsidizing these expenses, The Cowles Center enables artists to focus on their craft, creating innovative dance work that is dynamic, challenging, and surprising. The organization currently employs 48 individuals.
Official website here: www.thecowlescenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Cowles Center has received a solid Three-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored particularly well in several areas, including a perfect score for its audit and oversight practices, material diversion of assets, and various governance policies. These metrics indicate a high level of transparency and sound financial management, which are essential for trust and effectiveness in the nonprofit sector.
One of the notable strengths of The Cowles Center is its program expense ratio, standing at an impressive 85.85%. This suggests that a significant portion of its expenses is directed toward fulfilling its mission, which is a positive indicator for donors assessing the impact of their contributions. Additionally, the organization demonstrates excellent fundraising efficiency with a low cost of $0.04 per dollar raised, showcasing its ability to generate funds while minimizing expenses.
However, while the financial health appears strong, the salaries of key personnel are relatively high, with the President earning $248,606. This may raise questions among some stakeholders regarding the balance between compensation and the mission-driven focus of the organization. Overall, The Cowles Center demonstrates robust financial practices and governance but may need to manage perceptions related to executive compensation.
This AI summary has been generated from information found on Charity Navigator.
Is The Cowles Center legitimate?
The Cowles Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cowles Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $865,604
For more financial information, click here
Official website here: www.thecowlescenter.org
What is the mission statement of The Cowles Center?
The Cowles Center's mission is to serve as a supportive base for local dance companies and advocate for these artists. This is achieved by offering them a professional environment where they can enhance and showcase their work. The center provides a world-class venue, equipped with facilities such as a sprung floor, a fly-loft, and optimal sightlines, which allows the dancers to be visible even during their most acrobatic movements. The Cowles Center also subsidizes various costs, including marketing materials, advertising, and technical labor, thereby alleviating financial burdens and enabling artists to focus on their creative pursuits. This results in the presentation of innovative and captivating dance performances to the public.
Official website here: www.thecowlescenter.org
What is the revenue of The Cowles Center?
The Cowles Center's revenue in 2023 was $3,436,956.
Official website here: www.thecowlescenter.org
Who are the executives of The Cowles Center and what are their salaries?
The average compensation at The Cowles Center during 2023 was $13,740. There are 63 employees and 19 volunteers at The Cowles Center.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $239,316
- Other: $29,160
- Compensation: $0
- Related: $201,610
- Other: $30,427
- Compensation: $0
- Related: $156,395
- Other: $28,187
- Compensation: $0
- Related: $150,148
- Other: $19,467
- Compensation: $0
- Related: $103,377
- Other: $24,942
- Compensation: $0
- Related: $52,642
- Other: $4,922
Official website here: www.thecowlescenter.org
Where can I find the form 990 for The Cowles Center?
The Cowles Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecowlescenter.org
Learn more at the official website: www.thecowlescenter.org
Mission Statement of The Cowles Center
The Cowles Center, a distinguished nonprofit organization, is dedicated to serving as a sanctuary for the local dance community. Its primary mission is to act as an advocate for these artists by offering them a professional environment where they can refine and showcase their work. To achieve this, The Cowles Center provides a state-of-the-art venue, specifically designed for the needs of dance, equipped with a sprung floor, a fly-loft, and optimal sightlines. This enables dancers to be seen from their most subtle movements to their most magnificent leaps.
The Cowles Center extends its support to both resident and non-resident performing arts organizations, offering them the opportunity to present their performances to the public. Remarkably, the costs associated with marketing materials, paid advertising, box office/support staff, and a significant portion of technical backstage labor are absorbed by The Cowles Center. This generous subsidy eliminates prohibitive cost barriers, allowing artists and companies to concentrate on their primary focus: creating and performing innovative, dynamic, challenging, and thought-provoking dance work. In essence, The Cowles Center serves as a catalyst, empowering local dance artists to push the boundaries of their craft and captivate audiences with their captivating performances.
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Impact
October, 2024
The Cowles Center significantly impacts the local dance community by offering a premier performance venue tailored specifically for the needs of dance artists. With a sprung floor, fly-loft, and carefully designed sightlines, it creates an optimal environment for both performances and practice. By supporting 15-20 Minnesota-based dance companies each season with no upfront rental fees, The Cowles Center alleviates financial burdens that often inhibit creativity and performance. The center absorbs costs associated with marketing, advertising, and technical support, which allows artists to concentrate on creating innovative and dynamic dance work. This not only enhances the artistic landscape of Minneapolis but also advocates for the value and importance of dance as an art form, fostering a vibrant cultural community.
This information is meant to be a general summary of The Cowles Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $24
- Program Service Revenue: $692,847
- Gross Receipts: $3,455,565
Assets and Liabilities:
- Total Assets: $26,829,562
- Total Liabilities: $1,822,014
- Net Assets: $25,007,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales And Fees
Revenue
$435,711
Rental Income
Revenue
$208,528
Educational Services
Revenue
$45,008
Organization Details
Founding Year
2009
Principal Officer
L Kelley Lindquist
Website
www.thecowlescenter.orgNTEE Category
Code: A61 - Arts
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