Theatre B
- Assets
- $138.9k
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Moorhead, MN
- Founding
- 09/2004
- Data as of
- 07/2024
- EIN
- 20-0204648
Organization Overview
Theatre B is located in Moorhead, MN. The organization was established in 2004. 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 07/2024, Theatre B employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre B 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 07/2024, Theatre B generated $230.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $268.7k during the year ending 07/2024. While expenses have increased by 3.9% per year over the past 5 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
PRODUCED THEATRICAL PRODUCTIONS FOR PUBLIC AUDIENCES. EDUCATIONAL OPPORTUNITIES FOR YOUTH 14-18 YEARS OLD. MENTORING OPPORTUNITIES FOR ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED THEATRICAL PRODUCTIONS FOR PUBLIC AUDIENCES. EDUCATIONAL OPPORTUNITIES FOR YOUTH 14-18 YEARS OLD. MENTORING OPPORTUNITIES FOR ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zenas Baer Board Member | Trustee | 2 | $0 |
Lori Horvik Board Member | Trustee | 2 | $0 |
Forrest Steinhoff Board Member | Trustee | 2 | $0 |
Tucker Lucas Board Member | Trustee | 2 | $0 |
David Huebner Board Member | Trustee | 2 | $0 |
Rachel Asleson Board Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,757 |
| Fundraising events | $0 |
| Related organizations | $104,253 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,010 |
| Total Program Service Revenue | $66,981 |
| Investment income | $810 |
| 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 | $230,801 |
| 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. | $103,250 |
| Compensation of current officers, directors, key employees. | $41,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $19,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,750 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,449 |
| Advertising and promotion | $13,968 |
| Office expenses | $6,203 |
| Information technology | $7,942 |
| Royalties | $5,444 |
| Occupancy | $30,791 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,294 |
| Insurance | $4,106 |
| All other expenses | $16,580 |
| Total functional expenses | $268,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,756 |
| Savings and temporary cash investments | $0 |
| 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 | $8,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,879 |
| Accounts payable and accrued expenses | $932 |
| 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 | $932 |
| 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 | $137,947 |
| Total liabilities and net assets/fund balances | $138,879 |