Theater In The Round Players
- Assets
- $1.1m
- Revenue
- $515.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Minneapolis, MN
- Founding
- 11/1964
- Data as of
- 08/2024
- EIN
- 41-0908977
Organization Overview
Theater In The Round Players is located in Minneapolis, MN. The organization was established in 1964. 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 08/2024, Theater In The Round Players employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theater In The Round Players 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 08/2024, Theater In The Round Players generated $515.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $509.0k during the year ending 08/2024. 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
EDUCATIONAL PURPOSES - TO PROMOTE ARTISTIC AND EDUCATIONAL ACTIVITIES IN MINNEAPOLIS, MN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION AND DOMINANT PROGRAM SERVICE OF THE THEATRE IS TO PRODUCE THE HIGHEST-QUALITY COMMUNITY THEATRE THAT ENDEVAORS TO STAGE ENGAGING PERFORMANCES WHILE PROVIDING AN INCLUSIVE ARENA THEATRE EXPERIENCE IN THE HEART OF MINNEAPOLIS. SEVEN MAINSTAGE SHOWS WERE PRODUCED IN FISCAL YEAR 2023-2024 AND AN ADDITIONAL CO-PRODUCTION AND NIGHT OF ONE-ACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Arnold Director | Trustee | 2 | $0 |
Patricia Gage Director | Trustee | 2 | $0 |
Aidan Gallivan Director | Trustee | 2 | $0 |
Christopher Kehoe Director | Trustee | 2 | $0 |
Vameng Moua Director | Trustee | 2 | $0 |
Elizabeth Lofgren Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,966 |
| Total Program Service Revenue | $302,092 |
| Investment income | $1,831 |
| 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 | $16,701 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,252 |
| 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. | $63,190 |
| Compensation of current officers, directors, key employees. | $31,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,096 |
| Payroll taxes | $15,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,162 |
| Advertising and promotion | $30,013 |
| Office expenses | $12,733 |
| Information technology | $0 |
| Royalties | $16,844 |
| Occupancy | $53,605 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,758 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,128 |
| Insurance | $28,398 |
| All other expenses | $0 |
| Total functional expenses | $508,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,750 |
| Savings and temporary cash investments | $141,246 |
| 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 | $12,287 |
| Net Land, buildings, and equipment | $686,811 |
| Investments—publicly traded securities | $172,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68 |
| Total assets | $1,076,256 |
| Accounts payable and accrued expenses | $14,734 |
| Grants payable | $0 |
| Deferred revenue | $63,841 |
| 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 | $140,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $218,853 |
| Net assets without donor restrictions | $847,632 |
| Net assets with donor restrictions | $9,771 |
| 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 | $1,076,256 |