Stages Theatre Company Inc
- Assets
- $3.9m
- Revenue
- $3.8m
- Investments
- $970.7k
- Employees
- 177
- Location
- Hopkins, MN
- Founding
- 12/1984
- Data as of
- 08/2022
- EIN
- 36-3328812
Organization Overview
Stages Theatre Company Inc is located in Hopkins, MN. The organization was established in 1984. 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 08/2023, Stages Theatre Company Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stages Theatre Company Inc 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 08/2022, Stages Theatre Company Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.7m during the year ending 08/2022. While expenses have increased by 1.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICH AND EDUCATE CHILDREN AND YOUTH IN A PROFESSIONAL THEATER ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER PRODUCTIONS- OUR ANNUAL SEASON OF PLAYS INSPIRES AUDIENCES WITH HIGH QUALITY PRODUCTIONS OF NEW WORK, POPULAR MUSICALS AND ADAPTION OF BELOVED CHILDREN'S STORIES. OUR PRODUCTIONS FEATURE YOUTH PERFORMING WITH PROFESSIONAL ADULT ACTORS WHO SERVE AS MENTORS. WE ENGAGE SOME OF THIS COMMUNITY'S MOST RESPECTED THEATER DESIGNERS, PLAYWRIGHTS, DIRECTORS AND TECHNICAL PERSONNEL IN THE CREATION OF OUR PLAYS, AND WE STRIVE FOR THE HIGHEST LEVELS OF QUALITY IN BOTH PROCESS AND PRODUCT, PLACING EQUAL VALUE ON THE CHARACTER DEVELOPMENT OF YOUTH THROUGH THE CREATIVE PROCESS AND THE ARTISTIC EXCELLENCE OF THE FINISHED PRODUCT PRESENTED TO AUDIENCES. YOUTH PARTICIPANTS DEVELOP LIFE SKILLS THROUGH THEIR INVOLVEMENT AND THEY ALSO SERVE AS ROLE MODELS FOR YOUNG AUDIENCE MEMBERS.
SCHOOL BASED AND EDUCATION PROGRAMS - STC'S COLLABORATIVE APPROACH WITH SCHOOLS HAS LED TO THE DESIGN OF STANDARDS-BASED THEATRE CURRICULA, BRINGING BEST PRACTICES AND INNOVATIVE DELIVERY OF PROGRAMMING AND ARTS INTEGRATION IN THE CLASSROOM. OUR FOCUS ON ARTS AND LITERACY POSITIONS STC TO EFFECTIVELY ADDRESS THE ACHIEVEMENT GAP AND GRADUATION RATE ISSUES IN FUNDAMENTAL WAYS. STC'S INTENSIVE SCHOOL-YEAR EDUCATION PROGRAM AND CREATIVE WORKSHOPS ENGAGE YOUTH AGES 4-18 IN HIGH QUALITY THEATRE ARTS TRAINING PROGRAMS. IN ADDITION TO DEVELOPING THEIR CREATIVE ABILITIES, STUDENTS LEARN RESPONSIBILITY, SELF-DISCIPLINE, PERSEVERANCE, AND SELF-WORTH. OUR TEACHING ARTISTS AND PROGRAMS, ALONG WITH HIGH QUALITY ADMINISTRATION AND EVALUATION, MAKE STC THE LEADING PROVIDER OF THEATRE EDUCATION PROGRAMS FOR YOUNG PEOPLE IN MINNESOTA.
OUTREACH AND ACCESSIBILITY IS A CORE VALUE OF STAGES THEATRE COMPANY AND WE ARE COMMITTED TO REMOVING ALL BARRIERS TO ACCESSING OUR PROGRAMMING. EVERY INDIVIDUAL REGARDLESS OF ECONOMIC CIRCUMSTANCES, GEOGRAPHY, OR ABILITY SHOULD BE ABLE TO EXPERIENCE THE JOY, WONDER, AND BENEFITS OF PARTICIPATION IN THE THEATRE ARTS. THROUGH OUR OPEN DOOR PROGRAM, STC PROVIDES FREE AND REDUCED-PRICE TICKETS, TUITION ASSISTANCE, TRANSPORTATION SUBSIDIES AND ACCESSIBILITY PERFORMANCES FOR YOUTH AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Kline Board Chair | OfficerTrustee | 2 | $0 |
Christina Mosakowski Vice Chair | OfficerTrustee | 2 | $0 |
Dave Mahler Treasurer | OfficerTrustee | 2 | $0 |
Lisa Zell Secretary | OfficerTrustee | 2 | $0 |
David Klein Director | Trustee | 1 | $0 |
Lisa Beth Lentini Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,812 |
| Related organizations | $0 |
| Government grants | $1,429,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $683,116 |
| Noncash contributions included in lines 1a–1f | $8,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,132,322 |
| Total Program Service Revenue | $1,599,803 |
| Investment income | $26,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $323 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,759,025 |
| 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. | $239,051 |
| Compensation of current officers, directors, key employees. | $109,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,335,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,355 |
| Payroll taxes | $115,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,734 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,818 |
| Advertising and promotion | $60,179 |
| Office expenses | $137,084 |
| Information technology | $16,697 |
| Royalties | $74,340 |
| Occupancy | $230,386 |
| Travel | $13,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,836 |
| Insurance | $18,008 |
| All other expenses | $10,844 |
| Total functional expenses | $2,681,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,538 |
| Savings and temporary cash investments | $9,239 |
| Pledges and grants receivable | $496,960 |
| Accounts receivable, net | $150,292 |
| 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 | $149,157 |
| Net Land, buildings, and equipment | $130,429 |
| Investments—publicly traded securities | $1,847,350 |
| Investments—other securities | $970,743 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,890,708 |
| Accounts payable and accrued expenses | $325,072 |
| Grants payable | $0 |
| Deferred revenue | $188,121 |
| 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 | $513,193 |
| Net assets without donor restrictions | $2,293,836 |
| Net assets with donor restrictions | $1,083,679 |
| 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 | $3,890,708 |