Financials

Tapestry Folkdance Center Financial Information

It costs about $485 per day to operate Tapestry Folkdance Center. Revenue from dances is about $89,000 per year, while operating expenses (not including building renovation or depreciation) for the current fiscal year are projected at $176,849. Besides dance revenue, Tapestry relies upon studio rentals, memberships, grants and contributions from organizations and – most crucially – individuals. We invite you to consider supporting Tapestry Folkdance Center by making a donation or by becoming a member.

If you are interested in understand the financial status of Tapestry, you can review the financial documents provided below, together with a multi-year financial summary. Financial statements are compiled monthly by Tapestry staff, and reviewed by the full Board of Directors at every meeting. Tax documents are prepared annually by staff, with the assistance of the Board’s Treasurer.

Current Financial Documents

Annual Report 2016

Form 990 for Fiscal Year 2014-2015

Past Financial Documents

Form990FiscalYear2013–2014withSchADO

Financial Statement Summary

Form990FiscalYear2012WithSchADO

Form990FiscalYear2011

Minnehaha Reconstruction Assessment

At its December meeting, the Board adopted a board resolution of intent to pay the $38,000 Minnehaha road construction Assessment in full when the bill comes due in November 2016. As one board member said, “I love this place, and want to have it here when I’m dancing in my 80s and 90s.” Paying off the obligation and avoiding taking on debt to finance it is an investment in Tapestry and a gift to dancers for decades to come.

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