Civic Intelligence

Tapestry Folkdance Center

EIN 41-1459618 • 501(c)3 • Minneapolis, MN

Profile

Tapestry Folkdance Center's mission is "To create opportunities for participating in the joy of dance and music from around the world."

3748 Minnehaha AvenueMinneapolis, MN 55406

www.tapestryfolkdance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.13x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

24th percentile

-10%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

-1.7%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

54th percentile

9.1%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$561,099

Down $9,623 (-1.7%) from 2024

Liabilities

Up

$46,713

Up $24,994 (+115%) from 2024

Net Assets

Down

$514,386

Down $34,617 (-6.3%) from 2024

Operations
Liabilities / Revenue73rd percentileNet Margin24th percentile

Revenue

Up

$346,540

Up $28,814 (+9.1%) from 2024

Expenses

Up

$381,322

Up $113,734 (+43%) from 2024

Net Income

Down

-$34,782

Down $84,920 (-169%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $557,250Liabilities 2011: $180,385Net Assets 2011: $376,8652011Assets 2012: $532,273Liabilities 2012: $165,519Net Assets 2012: $366,7542012Assets 2013: $518,259Liabilities 2013: $89,927Net Assets 2013: $428,3322013Assets 2014: $511,068Liabilities 2014: $77,774Net Assets 2014: $433,2942014Assets 2015: $628,004Liabilities 2015: $66,714Net Assets 2015: $561,2902015Assets 2016: $682,322Liabilities 2016: $48,909Net Assets 2016: $633,4132016Assets 2017: $634,337Liabilities 2017: $32,629Net Assets 2017: $601,7082017Assets 2018: $597,596Liabilities 2018: $2,670Net Assets 2018: $594,9262018Assets 2019: $542,266Liabilities 2019: $2,813Net Assets 2019: $539,4532019Assets 2020: $542,129Liabilities 2020: $11,946Net Assets 2020: $530,1832020Assets 2021: $497,251Liabilities 2021: $28,804Net Assets 2021: $468,4472021Assets 2022: $500,373Liabilities 2022: $27,548Net Assets 2022: $472,8252022Assets 2023: $525,928Liabilities 2023: $27,091Net Assets 2023: $498,8372023Assets 2024: $570,722Liabilities 2024: $21,719Net Assets 2024: $549,0032024Assets 2025: $561,099Liabilities 2025: $46,713Net Assets 2025: $514,3862025

Highlighted filing

2025

Assets$561,099
Liabilities$46,713
Net Assets$514,386
Open 2025 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $192,978Expenses 2011: $223,422Net Income 2011: -$30,4442011Revenue 2012: $208,593Expenses 2012: $219,076Net Income 2012: -$10,4832012Revenue 2013: $244,612Expenses 2013: $183,033Net Income 2013: $61,5792013Revenue 2014: $172,918Expenses 2014: $168,831Net Income 2014: $4,0872014Revenue 2015: $310,293Expenses 2015: $182,297Net Income 2015: $127,9962015Revenue 2016: $268,974Expenses 2016: $197,158Net Income 2016: $71,8162016Revenue 2017: $217,669Expenses 2017: $247,514Net Income 2017: -$29,8452017Revenue 2018: $193,121Expenses 2018: $198,560Net Income 2018: -$5,4392018Revenue 2019: $212,036Expenses 2019: $267,509Net Income 2019: -$55,4732019Revenue 2020: $205,034Expenses 2020: $214,304Net Income 2020: -$9,2702020Revenue 2021: $104,159Expenses 2021: $165,895Net Income 2021: -$61,7362021Revenue 2022: $232,010Expenses 2022: $213,551Net Income 2022: $18,4592022Revenue 2023: $260,247Expenses 2023: $234,235Net Income 2023: $26,0122023Revenue 2024: $317,726Expenses 2024: $267,588Net Income 2024: $50,1382024Revenue 2025: $346,540Expenses 2025: $381,322Net Income 2025: -$34,7822025

Highlighted filing

2025

Revenue$346,540
Expenses$381,322
Net Income-$34,782
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$561,099
Liabilities
$46,713
Net assets
$514,386
Revenue
$346,540
Expenses
$381,322
Net income
-$34,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.61$0.47$5.14$3.47$3.81$0.35
2024Detailed filing. Detailed filing data is available for this year.$5.71$0.22$5.49$3.18$2.68$0.50
2023Detailed filing. Detailed filing data is available for this year.$5.26$0.27$4.99$2.60$2.34$0.26
2022Detailed filing. Detailed filing data is available for this year.$5.00$0.28$4.73$2.32$2.14$0.18
2021Detailed filing. Detailed filing data is available for this year.$4.97$0.29$4.68$1.04$1.66$0.62
2020Detailed filing. Detailed filing data is available for this year.$5.42$0.12$5.30$2.05$2.14$0.09
2019Detailed filing. Detailed filing data is available for this year.$5.42$0.03$5.39$2.12$2.68$0.55
2018Summary only. Only limited summary data is available for this year.$5.98$0.03$5.95$1.93$1.99$0.05
2017Summary only. Only limited summary data is available for this year.$6.34$0.33$6.02$2.18$2.48$0.30
2016Summary only. Only limited summary data is available for this year.$6.82$0.49$6.33$2.69$1.97$0.72
2015Summary only. Only limited summary data is available for this year.$6.28$0.67$5.61$3.10$1.82$1.28
2014Summary only. Only limited summary data is available for this year.$5.11$0.78$4.33$1.73$1.69$0.04
2013Summary only. Only limited summary data is available for this year.$5.18$0.90$4.28$2.45$1.83$0.62
2012Summary only. Only limited summary data is available for this year.$5.32$1.66$3.67$2.09$2.19$0.10
2011Summary only. Only limited summary data is available for this year.$5.57$1.80$3.77$1.93$2.23$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 23, 2026
Return Version
2024v5.0
Gross Receipts
$346,540
Mission and Program Overview

Mission

Tapestry Folkdance Center's mission is "To create opportunities for participating in the joys of dance and music from around the world."

Tapestry Folkdance Center's mission is "Tapestry Folkdance Center welcomes all to participate in the joy of dance and music from a variety of cultural traditions."

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$102,583$221,895▲ $119,312
Land, Buildings, and Equipment, Net$236,475$214,894▼ $21,581
Cash and Non-Interest-Bearing Accounts$229,007$124,006▼ $105,001
Prepaid Expenses and Deferred Charges$2,497$304▼ $2,193
Accounts Receivable$160$0▼ $160
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$570,722$561,099▼ $9,623
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$21,719$46,713▲ $24,994
Total Liabilities$21,719$46,713▲ $24,994
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$549,003$514,386▼ $34,617
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$549,003$514,386▼ $34,617
Total Liabilities and Net Assets / Fund Balance$570,722$561,099▼ $9,623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$54,832$587,582$0
Other Land Buildings$2,723$302$0
Land$145,533-$0
Equipment$6,305$4,632$0
Leasehold Improvements$5,501$9,847$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Sherisa OieExecutive DirectorPT$59,546$59,546

Board Members and Trustees

NameTitle
Hollie BentonBoard President
Judine PattinsonVice President
Hristina MarkovaBoard Member
Mary WellsBoard Member
Arthur BjorngjeldMember at Large
Carrie GuentherMember at Large
Lydia McAnerneyMember at Large
Nancy SatherMember at Large
Sally GordonMember at Large
Susan KnutsonSecretary
Kevin GeraghtyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,453
Program Service Revenue
$199,677
Investment Income
$4,245
Other Revenue
$2,165
All Other Contributions
$90,249
Change in Net Assets
$-34,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,844
Salaries, Compensation, and Employee Benefits$148,666
Grants and Similar Amounts Paid$9,812
Total Fundraising Expense$3,715
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$60,803$26,436$881$88,120
Other Salaries and Wages$53,226$23,142$772$77,140
Current Officers, Directors, Trustees, and Key Employees$41,087$17,864$595$59,546
Occupancy$33,867$14,725$491$49,083
Depreciation Depletion$23,263$10,115$337$33,715
Insurance$9,196$3,998$133$13,327
Payroll Taxes$7,386$3,211$107$10,704
Grants to Domestic Orgs$9,812--$9,812
Other Expenses$6,690$2,909$97$9,696
Information Technology$6,455$2,806$94$9,355
Office Expenses$4,103$1,784$59$5,946
Advertising$2,925$1,272$42$4,239
Royalties$1,123$488$16$1,627
Other Employee Benefits$880$383$13$1,276
Fees for Services Accounting$729$317$11$1,057
Conferences and Meetings$68$29$1$98
Interest$55$24$1$80
Total Functional Expenses$266,154$111,453$3,715$381,322
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Old Farmers BallWeaverville, NC-Tapestry Folkdance Center held a fundraiser to support Old Farmers Ball after the severe flooding of the Ashville area in fall of 2024.$11,551
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Board of Directors reviews and evaluates the Form 990 prior to filing. A Board resolution approving the Minnesota Annual Report and the required attachment of the Form 990 and related schedules is required prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The Board of Directors annually reviews for conflicts of interest. All Board members sign the conflict of interest statement annually.”

Form 990, Part VI, Section B, Line 15

“Periodically, the Tapestry Board of Directors appoints an Executive Committee to (a) review market conditions surrounding compensation and benefits for the Executive Director position and (b) make recommendations on the finds commensurate with Tapestry's ability to pay. The Board of Directors, who are free of conflicts of interest with respect to the transaction, approve any proposed compensation arrangement tempered with its knowledge of organizational priorities and performance factors.”

Form 990, Part VI, Section C, Line 19

“Bylaws and policies, including the conflict of interest policy are available through the Tapestry Folkdance Center website. The most recent Form 900 is available on the Tapestry Folkdance website and is also available through Guidestar. Financial information is also available through the Minnesota Attorney General's office.”

Filing and Contact Details

Filer

Filer Name
Tapestry Folkdance Center
EIN
41-1459618
Phone
6127222914
Address
3748 Minnehaha Avenue, Minneapolis, MN 55406

Signing Officer

Name
Hristina Markova
Title
Treasurer
Phone
6127222914
Signed
2026-01-23

Organization Details

Principal Officer
Hristina Markova
Formed
1983
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
65
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“These are fees that are paid to artists who instruct and play music at weekly dances and special events. Tapestry paid performance fees of $60,803 to musicians instructors and callers.”

Raw XML AppendixShowing 400 of 635 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The largest program at Tapestry Folkdance Center (Tapestry) is weekly dances. Tapestry hosts weekly dances in a variety of styles, including Contra, International, English County, and Ballroom. In this fiscal year, Tapestry hosted over 200 dances. On a typical weekend, 100-200 people participated in weekly dances. Tapestry also hosted monthly dances including a dance for seniors. Most dances include instruction.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Sherisa Oie
IRS990/Form990PartVIISectionAGrp/PersonNm1Hollie Benton
IRS990/Form990PartVIISectionAGrp/PersonNm2Judine Pattinson
IRS990/Form990PartVIISectionAGrp/PersonNm3Susan Knutson
IRS990/Form990PartVIISectionAGrp/PersonNm4Kevin Geraghty
IRS990/Form990PartVIISectionAGrp/PersonNm5Nancy Sather
IRS990/Form990PartVIISectionAGrp/PersonNm6Arthur Bjorngjeld
IRS990/Form990PartVIISectionAGrp/PersonNm7Mary Wells
IRS990/Form990PartVIISectionAGrp/PersonNm8Hristina Markova
IRS990/Form990PartVIISectionAGrp/PersonNm9Lydia McAnerney
IRS990/Form990PartVIISectionAGrp/PersonNm10Sally Gordon
IRS990/Form990PartVIISectionAGrp/PersonNm11Carrie Guenther
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member at Large
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member at Large
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IRS990/MissionDesc0Tapestry Folkdance Center's mission is "Tapestry Folkdance Center welcomes all to participate in the joy of dance and music from a variety of cultural traditions."
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IRS990/PrincipalOfficerNm0Hristina Markova
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IRS990/ProgramServiceRevenueGrp/Desc0Dance Admissions
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IRS990/ProgSrvcAccomActy2Grp/Desc0Tapestry owns the building at 3748 Minnehaha Avenue in Minneapolis and makes it available for non-affiliated dance groups. During the year, roughly two dozen dance organizations rent studio space to teach a wide variety of dance forms.
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IRS990/ProgSrvcAccomActy3Grp/Desc0In addition to the weekly and monthly dances, Tapestry hosted one large weekend event that drew dancers from around the region and the nation.
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