State Street Theater Co
- Assets
- $1.3m
- Revenue
- $517.6k
- Investments
- $0.0
- Employees
- 7
- Location
- New Ulm, MN
- Founding
- 06/2003
- Data as of
- 05/2024
- EIN
- 11-3678399
Organization Overview
State Street Theater Co is located in New Ulm, MN. The organization was established in 2003. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, State Street Theater Co employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Street Theater Co is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, State Street Theater Co generated $517.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $328.4k during the year ending 05/2024. While expenses have increased by 16.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE JOY AND ART OF THEATER TO THOSE OF ALL AGES AND BACKGROUNDS IN AND AROUND NEW ULM, MINNESOTA VIA EDUCATION AND PRODUCTIONS; TO RESPONSIBLY CARE FOR AND INTERPRET ITS HISTORIC SITE AND MURALS ON BEHALF OF THOSE SAME RESIDENTS AND PATRONS; AND TO PROVIDE ITS SPACES TO OTHERS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER THE JOY AND ART OF THEATER TO THOSE OF ALL AGES AND BACKGROUNDS IN AND AROUND NEW ULM, MINNESOTA VIA EDUCATION AND PRODUCTIONS; TO RESPONSIBLY CARE FOR AND INTERPRET ITS HISTORIC SITE AND MURALS ON BEHALF OF THOSE SAME RESIDENTS AND PATRONS; AND TO PROVIDE ITS SPACES TO OTHERS IN THE COMMUNITY.
THEATER PRODUCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ellen Domeier CFO | OfficerTrustee | 30 | $0 |
Derek Shaver Treasurer | OfficerTrustee | 5 | $0 |
Lisa Besemer Interim Pres | OfficerTrustee | 10 | $0 |
Dan Kalk Board Member | Trustee | 10 | $0 |
Audra Shaneman Board Member | Trustee | 5 | $0 |
Jodi Marti Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $222,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,489 |
| Noncash contributions included in lines 1a–1f | $2,596 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,989 |
| Total Program Service Revenue | $125,345 |
| Investment income | $5,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,832 |
| Advertising and promotion | $17,214 |
| Office expenses | $6,388 |
| Information technology | $3,299 |
| Royalties | $631 |
| Occupancy | $50,438 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,244 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,268 |
| Insurance | $5,510 |
| All other expenses | $18,014 |
| Total functional expenses | $328,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$346 |
| Savings and temporary cash investments | $65,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,195,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,261,093 |
| Accounts payable and accrued expenses | -$205 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$205 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,261,298 |
| Total liabilities and net assets/fund balances | $1,261,093 |