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 08/2023, Park Square Theatre Company employed 103 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 08/2023, Park Square Theatre Company generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 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
2023
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-NAMED CITY PAGES' BEST THEATRE OF 2020, PARK SQUARE ANNUALLY CREATES AND HOSTS TWO SEASONS OF PLAYS, A GENERAL AUDIENCE SERIES OF NEW WORKS, CLASSICS, MYSTERIES AND MUSICALS AND A STEPPINGSTONE STUDENT & FAMILY SERIES ANCHORED WITH LITERARY CLASSICS FROM OUR REPERTORY AND MATINEE PERFORMANCES OF FAMILY-FRIENDLY SHOWS. THE WORK ON OUR TWO STAGES (353-SEAT PROSCENIUM; 200-SEAT ANDY BOSS THRUST STAGE) ATTRACTS THIS MARKET'S THIRD LARGEST SUBSCRIBER BASE WITH AN AUDIENCE OF 50,000+, INCLUDING A SCHOOL AUDIENCE FROM ALL 8 CONGRESSIONAL DISTRICTS AND THE REGION. THE ADDITION OF OUR BOSS THRUST STAGE IN 2014 ALLOWED US TO DOUBLE OUR ARTISTIC OUTPUT, INCREASE THE ARTIST ROSTER, EXPAND OUR EDUCATIONAL PROGRAMMING, AND SERVE MORE AUDIENCES. WE CONSCIOUSLY DIVERSIFY OUR ARTISTS AND CONTENT TO BECOME MORE RELEVANT TO DIFFERENT AUDIENCES. OUR STRATEGIC EFFORTS TO ATTRACT A NEW GENERATION OF FANS AND PEOPLE OF COLOR THROUGH THE STORIES WE TELL AND THE ARTISTS WHO TELL THEM ARE SHIFTING OUR AUDIENCE MIX. PARK SQUARE IS ALSO COMMITTED TO SHOWCASING NEW WORK BY LIVING WRITERS AND IS A VIGOROUS PRODUCER OF PLAYS BY BIPOC ARTISTS.
STUDENT PROGRAMMING-PARK SQUARE MERGED WITH STEPPINGSTONE THEATRE (SST) ON SEPTEMBER 1, 2022. STARTED AS A SMALL SCHOOL RESIDENCY PROGRAM IN 1987, SST INSPIRES YOUNG PEOPLE OF ALL AGES TO EXPLORE STORIES, IDEAS, AND CULTURES WITH THEIR IMAGINATIONS THROUGH SUMMER CAMPS, SCHOOL-YEAR CLASSES, COMMUNITY PROGRAMS AND SHOWS STARRING YOUNG ACTORS. SST'S HISTORY OF PRODUCING AWARD-WINNING THEATRE FOR YOUNG AUDIENCES IS ROOTED IN FINDING AND FEATURING DIVERSE VOICES. THE MERGER IS BUILDING ON PARK SQUARE'S STELLAR REPUTATION BY EXPANDING PROGRAMMING, AUDIENCES AND PARTICIPANTS, AS WELL AS ENHANCING OUR ABILITY TO SERVE AN EVEN MORE DIVERSE POPULATION FROM SCHOOLS AND COMMUNITY ORGANIZATIONS. AS OF SEPTEMBER 1, 2022, SST IS NOW PARK SQUARE'S CREATIVE LEARNING BRANCH. THE NEW ORGANIZATION IS EXPANDING ITS OFFERINGS TO INCLUDE A FULL RANGE OF THEATRE EXPERIENCES THAT WILL ENCOMPASS ALL AGES AND THE BEST THAT BOTH THEATRES HAVE TO OFFER: CLASSES AND CAMPS FOR YOUNG PEOPLE, WORKSHOPS FOR ADULTS AND INTER-GENERATIONAL GROUPS, FAMILY-ORIENTED PRODUCTIONS FOR YOUNG AUDIENCES, AND PARK SQUARE'S MAIN STAGE SEASON. PARK SQUARE TYPICALLY SERVES AN AUDIENCE OF APPROXIMATELY 25,000 TEENS ANNUALLY FROM ACROSS THE REGION. DURING 2022, WE PIVOTED TO ONLINE STREAMING OPTIONS, RESUMING LIVE MATINEES IN DECEMBER 2022. OUR TEEN AUDIENCE TYPICALLY REPRESENTS 1 IN EVERY 15 MINNESOTA 7-12 GRADE STUDENTS (15% URBAN (MPLS/SP), 50% SUBURBAN, AND 35% RURAL). SINCE THE TEEN AUDIENCE IS OUR MOST RACIALLY AND ETHNICALLY DIVERSE (OVER 33% ARE STUDENTS OF COLOR), WE CAST CLASSICS LIKE SHAKESPEARE PRODUCTIONS WITH 30-60% ARTISTS OF COLOR BECAUSE STUDENTS RESPOND DIFFERENTLY WHEN THEY SEE THEMSELVES REFLECTED ONSTAGE. OUR YOUTH AUDIENCE IS TYPICALLY 55% STUDENTS WHO SELF-IDENTIFY AS BIPOC AND, BASED ON SUMMER ENROLLMENT, OVER 50% QUALIFY FOR FREE AND REDUCED LUNCH. IN THE SUMMER OF 2021, 80% OF THE PARTICIPANTS WERE FROM ST. PAUL AND ITS SUBURBS, AND 20% LIVED OUTSIDE THE TWIN CITIES (VIRTUAL CLASSES MADE THIS POSSIBLE). CREATIVE LEARNING HAS BEEN CONDUCTING IN-PERSON CLASSES (WITH COVID SAFETY PRECAUTIONS) SINCE WINTER OF 2022, SERVING 781 YOUNG ARTISTS IN 2022. AFTER THE MERGER, THE NUMBERS WILL GROW TO A PROJECTED 70,000+ YOUTH ATTENDING PERFORMANCES AND PARTICIPATING IN EDUCATIONAL ACTIVITIES.OUR ADULT AUDIENCE IS SPREAD ACROSS THE GREATER TWIN CITIES AREA (INCLUDING WESTERN WISCONSIN). OUR EFFORTS TARGETING YOUNG ADULTS AND PEOPLE OF COLOR AS A STRATEGIC FOCUS OF OUR WORK HAVE BEEN EFFECTIVE. THE POPULATION SERVED REPRESENTS THE MANY MINNESOTA POPULATIONS: 1% AMERICAN INDIAN, 5% ASIAN, 10% BLACK, 5% HISPANIC/LATINO, AND 79% WHITE. WITH OUR CURRENT FOCUS ON DIFFERENT COMMUNITIES, A GREATER PERCENTAGE OF PERFORMANCE ATTENDEES AND EDUCATIONAL/OUTREACH ACTIVITY PARTICIPANTS ARE PEOPLE OF COLOR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Ferarro-Hauck Executive Director | Officer | 40 | $55,385 |
Rachel Murch D'olimpio Interim Executive Director | Officer | 40 | $0 |
Paul Sackett President | OfficerTrustee | 5 | $0 |
Pondie Taylor Vice President | OfficerTrustee | 1 | $0 |
Shwetha Vijiyakumar Secretary | OfficerTrustee | 1 | $0 |
Andrea Trimble Hart Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $4,280 |
Related organizations | $0 |
Government grants | $365,239 |
All other contributions, gifts, grants, and similar amounts not included above | $928,417 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,297,936 |
Total Program Service Revenue | $574,194 |
Investment income | $4,444 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $22,252 |
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 | $10,334 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,933,639 |
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. | $27,776 |
Compensation of current officers, directors, key employees. | $27,776 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $833,907 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $63,561 |
Payroll taxes | $84,605 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $80,204 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $112,704 |
Advertising and promotion | $62,178 |
Office expenses | $1,899 |
Information technology | $0 |
Royalties | $67,901 |
Occupancy | $325,162 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,120 |
Interest | $34,374 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,289 |
Insurance | $56,012 |
All other expenses | $156,772 |
Total functional expenses | $2,124,738 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $215,480 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $50,000 |
Accounts receivable, net | $23,952 |
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 | $1,339 |
Net Land, buildings, and equipment | $9,906 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $28,500 |
Total assets | $329,177 |
Accounts payable and accrued expenses | $403,447 |
Grants payable | $0 |
Deferred revenue | $162,751 |
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 | $730,801 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,296,999 |
Net assets without donor restrictions | -$1,017,822 |
Net assets with donor restrictions | $50,000 |
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 | $329,177 |