Southern Theater Foundation Corp
- Assets
- $206.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 22
- Location
- Minneapolis, MN
- Founding
- 01/1978
- Data as of
- 12/2020
- EIN
- 41-1313132
Organization Overview
Southern Theater Foundation Corp is located in Minneapolis, MN. The organization was established in 1978. 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 12/2020, Southern Theater Foundation Corp employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Theater Foundation Corp 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 12/2020, Southern Theater Foundation Corp generated $89.8k 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 (16.2%) each year. All expenses for the organization totaled $97.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O.THE PRIMARY PROGRAM OF THE SOUTHERN THEATER IS THE ARTSHARE PROGRAM. IN 2019, 25 ARTSHARE PERFORMANCE COMPANIES WERE CURATED AS PART OF THE SOUTHERN'S SEASON AND CONTRACTED FOR PERFORMANCES WITHIN THE SEASON. COMPANIES THAT ARE PART OF THE ARTSHARE PROGRAM DO NOT HAVE AN UPFRONT RENTAL COST. INSTEAD REVENUE FROM TICKET SALES ARE SPLIT BETWEEN THE SOUTHERN AND THE COMPANY. ARTSHARE COMPANIES ALSO RECEIVE ASSISTANCE WITH SUPPORT SERVICES SUCH AS TICKET SALES, MARKETING, AND TECHNICAL ASSISTANCE.GUEST PRESENTERS ARE COMPANIES THAT PAY UPFRONT RENTAL COSTS AND RECEIVE SUPPORT TO PRESENT THEIR PRODUCTION VIA THE RENTAL AGREEMENT.THE ARTSHARE MEMBERSHIP PROGRAM PROVIDES A MONTHLY SUBSCRIPTION OPTION FOR PATRONS TO ATTEND ALL ARTSHARE PERFORMANCES WITHIN THE MONTH THEY ARE MEMBERS. SINGLE TICKET SALES ARE AVAILABLE FOR ALL ARTSHARE SHOWS AS WELL. SOME GUEST PRESENTERS GIVE ARTSHARE MEMBERS A DISCOUNT OFF REGULAR TICKET PRICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ochen Kaylen Chair | 2 | $0 | |
Seth Bockley Secretary | 2 | $0 | |
Rebekah Cook Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,521 |
| Total Program Service Revenue | $50,285 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,000 |
| Total Revenue | $89,807 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,003 |
| Professional fees and other payments to independent contractors | $2,204 |
| Occupancy, rent, utilities, and maintenance | $28,653 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,148 |
| Total expenses | $97,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,154 |
| Other assets | $0 |
| Total assets | $206,880 |
| Total liabilities | $209,169 |
| Net assets or fund balances | -$2,289 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Theater Foundation Corp has recieved totaling $7,019.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $7,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard For The Arts Saint Paul, MN | $11,189,893 | $6,226,382 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Penumbra Theatre Company Inc St Paul, MN | $11,072,613 | $11,767,246 |
Vermillion Development Company Vermillion, SD | $13,347,571 | $1,278,713 |
Great River Educational Arts Theatre Waite Park, MN | $2,124,043 | $1,298,564 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
The Fitzgerald Theater Company St Paul, MN | $560 | $643,988 |
Echo Ministries Inc St Paul, MN | $978,838 | $1,341,066 |
Schauer Arts And Activities Center Inc Hartford, WI | $3,085,961 | $949,170 |
Fargo Theatre Management Corporation Fargo, ND | $1,892,050 | $869,304 |
Gatherings On The Green Inc Thiensville, WI | $404,938 | $799,351 |