The Cedar Cultural Center Inc

EIN: 411669156 501(c)(3) Arts, Culture & Humanities

Minneapolis, MN

Total Revenue
$1,191,406
Total Expenses
$1,576,042
Total Assets
$1,447,129
Net Assets
$1,088,083
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MN
Principal Officer
Michelle Woster
Tax Period
2023-01-01 to 2023-12-31

The Cedar Cultural Center Inc, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 32% operating deficit.

Mission

To promote intercultural appreciation and understanding through the presentation of global music and dance. The Cedar is committed to artistic excellence and integrity, diversity of programming, support for emerging artists and community outreach.

Program Service Accomplishments

Program 1
Expenses: $1,164,919

The Cedar, a 501(c)(3) organization, has never wavered from its original vision of building a world where all communities and ages can connect over high-quality, original, global music. Throughout...

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The Cedar, a 501(c)(3) organization, has never wavered from its original vision of building a world where all communities and ages can connect over high-quality, original, global music. Throughout 2023, we presented more than 100 artists and bands, originating from more than thirty countries. These performers, as well as local and national artists, choose to play The Cedar because of our enthusiastic audiences, our near-perfect acoustics, and our highly-danceable floor. Our programming included the return of our annual Global Roots Festival, a three-day music festival featuring musicians from Ethiopia, Estonia, Afghanistan, India and Kenya. More than 500 community members - including many students - participated in the free festival. 2023 also saw the continuation of our annual Cedar Commissions, a program that commissions six early-career/ emerging Minnesotan composers and musicians to create and perform new music. This program is made possible by a generous grant from the Jerome Foundation. To date, more than sixty Minnesota-based artists of diverse styles and backgrounds have advanced their careers through this opportunity. Finally, we deepened partnerships with community and cultural organizations, working together to build new audiences for our global performances. Examples of 2023 partnerships include Minnesota Orchestra, Summer Cypher, Alliance Francaise, Theater Mu, The Ukranian American Community Center, NACDI and the Walker Art Center.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $567,196
Program Service Revenue $464,405
Investment Income $0
Other Revenue $159,805
TOTAL REVENUE $1,191,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $739,010
Fundraising Expenses $204,316
Program Expenses $1,164,919
Other Expenses $837,032
TOTAL EXPENSES $1,576,042

Year-over-Year Comparison

2023 2022 Change
Revenue $1,191,406 $1,171,110 +0.0%
Expenses $1,576,042 $1,362,589 +0.2%
Net Income $-384,636 $-191,479 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
23
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$102,354
Total Directors
12
$102,354
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Woster Executive Dir 40.00
Officer Director
$102,354 $0 $102,354
Nikki Miller Director 1.00
Director
$0 $0 $0
Tisha Kehn Director 1.00
Director
$0 $0 $0
Amanda Schroder DeLong Director 1.00
Director
$0 $0 $0
Tim Wong Director 1.00
Director
$0 $0 $0
Curt Trisko Director 1.00
Director
$0 $0 $0
Steve Jewell Director 1.00
Director
$0 $0 $0
Jeffrey Bissoy-Mattis Director 1.00
Director
$0 $0 $0
Loki Karuna Vice President 3.00
Officer Director
$0 $0 $0
Maryam Yusefzadeh President 3.00
Officer Director
$0 $0 $0
Kirsten Lies-Warfield Secretary 3.00
Officer Director
$0 $0 $0
Robert Van Nelson Treasurer 3.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,191,406 $1,576,042 $1,447,129 $-384,636
2022 $1,171,110 $1,362,589 $1,848,744 $-191,479
2021 $1,717,061 $909,569 $2,037,241 $807,492
2020 $820,580 $689,192 $1,253,315 $131,388
2019 $1,681,999 $1,967,997 $1,059,389 $-285,998
2018 $1,774,742 $2,200,992 $1,439,294 $-426,250
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