Civic Intelligence

Taikoarts Midwest

990 • Fiscal year 2020 • EIN 81-2475404

Sep 01, 2019 to Aug 31, 2020 • Filed on Apr 15, 2022

3949 13th Ave SMinneapolis, MN 55407

(612) 405-2845

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.65x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.39x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

53rd percentile

7.3%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$31,125

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

78th percentile

45%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

77%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$253,790

Up $78,407 (+45%) from 2019

Net Assets

Up

$87,849

Up $32,160 (+58%) from 2019

Liabilities

Up

$165,941

Up $46,247 (+39%) from 2019

Revenue

Up

$430,420

Up $186,903 (+77%) from 2019

Expenses

Up

$398,807

Up $154,018 (+63%) from 2019

Net Income

Up

$31,613

Up $32,885 (+2585%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2016: $379Liabilities 2016: $9522016Assets 2017: $72,501Liabilities 2017: $57,8892017Assets 2018: $63,464Liabilities 2018: $8,153Net Assets 2018: $55,3112018Assets 2019: $175,383Liabilities 2019: $119,694Net Assets 2019: $55,6892019Assets 2020: $253,790Liabilities 2020: $165,941Net Assets 2020: $87,8492020Assets 2021: $320,811Liabilities 2021: $171,750Net Assets 2021: $149,0612021Assets 2022: $1,082,252Liabilities 2022: $926,755Net Assets 2022: $155,4972022Assets 2023: $1,377,281Liabilities 2023: $1,258,091Net Assets 2023: $119,1902023Assets 2024: $1,309,000Liabilities 2024: $845,466Net Assets 2024: $463,5342024

Highlighted filing

2020

Assets$253,790
Liabilities$165,941
Net Assets$87,849

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $0Expenses 2016: $573Net Income 2016: -$5732016Revenue 2017: $29,437Expenses 2017: $14,252Net Income 2017: $15,1852017Revenue 2018: $220,500Expenses 2018: $177,999Net Income 2018: $42,5012018Revenue 2019: $243,517Expenses 2019: $244,789Net Income 2019: -$1,2722019Revenue 2020: $430,420Expenses 2020: $398,807Net Income 2020: $31,6132020Revenue 2021: $192,272Expenses 2021: $130,715Net Income 2021: $61,5572021Revenue 2022: $296,198Expenses 2022: $289,762Net Income 2022: $6,4362022Revenue 2023: $547,943Expenses 2023: $585,411Net Income 2023: -$37,4682023Revenue 2024: $742,842Expenses 2024: $826,288Net Income 2024: -$83,4462024

Highlighted filing

2020

Revenue$430,420
Expenses$398,807
Net Income$31,613
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Apr 15, 2022
Return Version
2019v5.0
Gross Receipts
$436,585
Mission and Program Overview

Mission

To develop, produce, and promote artistic excellence in taiko performance and to use taiko to strengthen 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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$75,832$200,995▲ $125,163
Rtn Earn Endowment Incm Other Fnds$55,689$87,849▲ $32,160
Land, Buildings, and Equipment, Net$27,132$32,426▲ $5,294
Savings and Temporary Cash Investments$72,419$20,369▼ $52,050
Accounts Receivable$0$0→ $0
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
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$175,383$253,790▲ $78,407
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$144,735▲ $144,735
Deferred Revenue$115,164$19,737▼ $95,427
Accounts Payable and Accrued Expenses$4,530$1,469▼ $3,061
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$119,694$165,941▲ $46,247
Net Assets / Fund Balance
Total Net Assets Fund Balance$55,689$87,849▲ $32,160
Total Liabilities and Net Assets / Fund Balance$175,383$253,790▲ $78,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$32,426$29,733$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer WeirBoard Member, Executive DirectorPT$31,125$31,125
Elizabeth KaneBoard Member-$1,300$1,300

Board Members and Trustees

NameTitle
Tracee Hummel-TanabeBoard President
Hailey GabrielBoard Member
Kathryn Leo-KeastBoard Member
Sara OchsBoard Member
Maribel StoleeBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$347,959
Program Service Revenue
$81,907
Investment Income
$1,313
Other Revenue
$-759
All Other Contributions
$277,085
Change in Net Assets
$31,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,870
Salaries, Compensation, and Employee Benefits$115,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$124,689--$124,689
Current Officers, Directors, Trustees, and Key Employees$26,288$35,000-$61,288
Travel$52,525--$52,525
Other Salaries and Wages$36,818$7,613-$44,431
Occupancy$29,332--$29,332
Depreciation Depletion-$15,279-$15,279
Office Expenses-$15,034-$15,034
Advertising$12,638--$12,638
Payroll Taxes-$8,091-$8,091
Other Expenses$4,561$882$0$5,443
Other Employee Benefits-$2,127-$2,127
Insurance-$2,061-$2,061
Total Functional Expenses$312,720$86,087$0$398,807
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
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
No
Other officer compensation reviewed
No
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 990 was given to the Board to review, and the Treasurer (an accountant) validated its reportings.

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

We review this annually.

Form 990, Part VI, Section C, Line 19

Policies and financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Taikoarts Midwest
EIN
81-2475404
Phone
6124052845
Address
3949 13th Ave S, Minneapolis, MN 55407

Signing Officer

Name
Jennifer Weir
Title
Executive Director
Phone
6519835349
Signed
2022-04-15

Organization Details

Principal Officer
Jennifer Weir
Formed
2016
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
8
Volunteers
30
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

We produced a documentary film about taiko.

Form 990, Part III, Line 3

Due to the pandemic shutdown in March 2020, our regular activities were put on hold.

Form 990, Part IX, Line 11G

Independent Contractors including taiko musicians, designers, film makers, and guest artists.

Form 990, Part XII, Line 2C

990 was reviewed by Executive Director and Board Treasurer (an accountant)

Raw XML AppendixShowing 400 of 547 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/Form990PartVIISectionAGrp/TitleTxt1Board Member
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt236559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022838
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236559
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Produce concerts and documentary film about women and taiko. Revenue totals include grants, individual contributions, and program revenue.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0267935
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0311302
IRS990/ProgSrvcAccomActy3Grp/Desc0Perform in school and community events and lead in-school residencies.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09475
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt022460
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0135606
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0369
IRS990/PYOtherExpensesAmt0192350
IRS990/PYOtherRevenueAmt0-442
IRS990/PYProgramServiceRevenueAmt0108284
IRS990/PYRevenuesLessExpensesAmt0-972
IRS990/PYSalariesCompEmpBnftPaidAmt052439
IRS990/PYTotalExpensesAmt0244789
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0243817
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt031613
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022838
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt055689
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt087849
IRS990/SavingsAndTempCashInvstGrp/BOYAmt072419
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020369
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Net loss from sales of inventory (tshirts)
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0347959
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0135306
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0134251
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022488
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0640004
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01313
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0369
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01682
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt087314
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0108284
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt086249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0288796
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01313
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0369
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01682
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0-442
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0-442
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0928800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00

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