Blue Water Theatre Company
- Assets
- $654.4k
- Revenue
- $313.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Wayzata, MN
- Founding
- 04/2008
- Data as of
- 09/2023
- EIN
- 26-0707663
Organization Overview
Blue Water Theatre Company is located in Wayzata, MN. The organization was established in 2008. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Blue Water Theatre Company employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Water Theatre Company 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 09/2023, Blue Water Theatre Company generated $313.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $413.5k during the year ending 09/2023. While expenses have increased by 8.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ELEVATE YOUTH THROUGH THEATRE ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE WATER THEATRE COMPANY (BWTC) IS A NONPROFIT ORGANIZATION SERVING YOUTH THAT WAS FOUNDED IN 2007. ITS MISSION IS TO ELEVATE YOUTH THROUGH THEATRE ARTS EDUCATION. THROUGH TUITION-BASED CLASSES AND STAGED PRODUCTIONS, STUDENTS GROW IN THEIR ACTING, SINGING, AND DANCING ABILITIES WHILE BUILDING LIFELONG SKILLS LIKE TEAMWORK, EMPATHY, RISK-TAKING, AND DECISION-MAKING. OVER 300 YOUTH ARE INVOLVED ONSTAGE AND BEHIND THE SCENES EACH YEAR OVER THE COURSE OF 10-12 PRODUCTIONS. PRODUCTIONS DRAW APPROXIMATELY 6,500 PATRONS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Carlson President | OfficerTrustee | 15 | $0 |
Drew Page Vice President | OfficerTrustee | 5 | $0 |
Dave Hoover Treasurer | OfficerTrustee | 10 | $0 |
Armando Mojica Board Member | Trustee | 2 | $0 |
Addie Gorlin-Han Board Member | Trustee | 2 | $0 |
Jolene Noelle Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,297 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,224 |
| Total Program Service Revenue | $220,331 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $568 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,589 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $173 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,265 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,236 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,825 |
| Advertising and promotion | $3,229 |
| Office expenses | $1,111 |
| Information technology | $2,771 |
| Royalties | $0 |
| Occupancy | $38,617 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,385 |
| Insurance | $14,299 |
| All other expenses | $0 |
| Total functional expenses | $413,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,454 |
| 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 | $597,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,429 |
| Accounts payable and accrued expenses | $6,732 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| 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 | $351,232 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $507,964 |
| Net assets without donor restrictions | $146,465 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $654,429 |