Park Square Theatre Company is located in St Paul, MN. The organization was established in 1976. 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 08/2021, Park Square Theatre Company employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Square 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 08/2021, Park Square Theatre Company generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH AND EDUCATE UPPER MIDWEST AUDIENCES AND SCHOOLS WITH EXCEPTIONAL LIVE THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL AUDIENCE PROGRAMMING-PARK SQUARE'S MISSION IS TO ENRICH OUR COMMUNITY BY PRODUCING AND PRESENTING EXCEPTIONAL LIVE THEATRE THAT TOUCHES THE HEART, ENGAGES THE MIND AND DELIGHTS THE SPIRIT. NAMED MPLS/ST. PAUL MAGAZINE'S 2012 BEST MID-SIZED THEATRE, PARK SQUARE THEATRE IS THE LARGEST MID-SIZED THEATRE IN MINNESOTA AND THE ONLY ONE WITH TWO STAGES. THE THEATRE GENERALLY SERVES THE MARKET'S THIRD-LARGEST SUBSCRIBER BASE AND AN ANNUAL AUDIENCE OF 82,000. PARK SQUARE THEATRE IS A LEADING PRODUCER OF WORK BY LIVING WRITERS, INCLUDING WOMEN AND PEOPLE OF COLOR, COMMITTED TO CREATING A SENSE OF CONNECTION AND BELONGING FOR THE COMMUNITIES IN OUR AREA. WITHIN DAYS OF THE MARCH 2020 SHUTDOWN ORDER DUE TO THE COVID 19 GLOBAL PANDEMIC, PARK SQUARE PIVOTED TO ONLINE OFFERINGS AND CONTINUED TO OPERATE IN THIS WAY THROUGH THE 2020-2021 SEASON. ONLINE OFFERINGS INCLUDED MONTHLY ENGAGEMENTS OF THE MYSTERIOUS OLD RADIO LISTENING SOCIETY'S ORIGINAL OLD-STYLE RADIO PERFORMANCES AND PERFORMANCES OF CLASSIC RADIO SCRIPTS (INCLUDING "SORRY, WRONG NUMBER AND "A CHRISTMAS CAROL" AMONG OTHERS), A HALLOWEEN-THEMED PERFORMANCE ENTITLED THEATRE OF THE MACABRE AND A FULLY-STAGED FILM OF ANTONIO DUKE'S "TEARS OF MOONS" WHICH WAS OFFERED TO BOTH GENERAL AUDIENCES AND SCHOOL AUDIENCES ONLINE. THE LIVE PRODUCTIONS SCHEDULED FOR 2020-2021 SEASON CONTINUE TO BE RESCHEDULED FOR THE 2021-2022 AND 2022-2023 SEASONS. BEFORE THE PANDEMIC BEGAN, PARK SQUARE BEGAN CONVERSATIONS WITH STEPPINGSTONE THEATRE ABOUT SHARING SPACE AND THOSE CONVERSATIONS MOVED TO DISCUSSION OF A MERGER TO CREATE SAINT PAUL'S "THEATER FOR LIFE SERVING PEOPLE FROM AGE 3 TO 103." IN NOVEMBER 2021, STEPPINGSTONE THEATRE MOVED IN WITH PARK SQUARE THEATRE AND BOTH ORGANIZATIONS BEGAN FINDING WAYS TO SHARE OPERATING COSTS AND STAFF. WHILE BOTH ENTITIES REMAIN SEPARATE AS OF THIS WRITING, BOTH ORGANIZATIONS ARE WORKING TOWARDS A PLANNED MERGER WHICH SHOULD BE COMPLETED BY SEPTEMBER 1, 2022.
STUDENT PROGRAMMING-OUR APPROACH TO STUDENTS IS MISSION-DRIVEN AND TEENS ARE AN ESSENTIAL PARK SQUARE AUDIENCE. BEFORE THE PANDEMIC, PARK SQUARE SERVED ONE OUT OF FIFTEEN 7TH-12TH GRADERS FROM ACROSS A MULTI-STATE REGION. IN ADDITION TO OFFERING REDUCED-PRICE MATINEES FOR SCHOOLS, PARK SQUARE'S SIGNATURE "IMMERSION DAYS" FEATURE ARTIST-LED WORKSHOPS, INTERACTIVE DEMONSTRATIONS, AND POST-SHOW DISCUSSIONS. AFTER THE PANDEMIC SHUTDOWN, FILMED VERSIONS OF RELEVANT PRODUCTIONS HAVE BEEN OFFERED TO SCHOOL GROUPS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Ferraro-Hauck Executive Director | Officer | 40 | $11,125 |
Paul R Sackett President | OfficerTrustee | 5 | $0 |
Susan Rostkoski Vice President | OfficerTrustee | 2 | $0 |
Andrea Trimble Hart Treasurer | OfficerTrustee | 2 | $0 |
Paul F Casey Secretary | OfficerTrustee | 2 | $0 |
Kristin Berger Parker Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $160,045 |
Related organizations | $0 |
Government grants | $740,144 |
All other contributions, gifts, grants, and similar amounts not included above | $821,919 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,722,108 |
Total Program Service Revenue | $31,121 |
Investment income | $2,065 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,953 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$13,019 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,782,626 |
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 | $377,957 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $50,057 |
Payroll taxes | $25,188 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,531 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $67,807 |
Advertising and promotion | $18,727 |
Office expenses | $22,333 |
Information technology | $0 |
Royalties | $5,789 |
Occupancy | $182,799 |
Travel | $50 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $591 |
Interest | $54,486 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $117,554 |
Insurance | $11,470 |
All other expenses | $39,248 |
Total functional expenses | $1,012,176 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $781,630 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $110,698 |
Accounts receivable, net | $35,255 |
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 | $15,959 |
Net Land, buildings, and equipment | $14,995 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $28,500 |
Total assets | $987,037 |
Accounts payable and accrued expenses | $372,695 |
Grants payable | $0 |
Deferred revenue | $631,398 |
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 | $911,128 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $13,568 |
Total liabilities | $1,928,789 |
Net assets without donor restrictions | -$1,164,955 |
Net assets with donor restrictions | $223,203 |
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 | $987,037 |
Over the last fiscal year, we have identified 23 grants that Park Square Theatre Company has recieved totaling $481,068.
Awarding Organization | Amount |
---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $40,000 |
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Duluth Playhouse Inc Duluth, MN | $18,649,161 | $3,003,530 |
Stages Theatre Company Inc Hopkins, MN | $3,890,708 | $3,759,025 |
Playwrights Center Inc Minneapolis, MN | $3,908,050 | $3,263,756 |
Childrens Theater Of Madison Inc Madison, WI | $744,521 | $1,901,804 |
Englert Civic Theatre Inc Non Profit Iowa City, IA | $7,526,488 | $2,477,327 |
Northern Prairie Performing Arts Fargo, ND | $4,316,249 | $3,798,008 |