Penumbra Theatre Company Inc
- Assets
- $10.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 126
- Location
- St Paul, MN
- Founding
- 01/1991
- Data as of
- 06/2023
- EIN
- 41-1563764
Organization Overview
Penumbra Theatre Company Inc is located in St Paul, MN. The organization was established in 1991. 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 06/2023, Penumbra Theatre Company Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penumbra 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 06/2023, Penumbra Theatre Company Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PENUMBRA THEATRE COMPANY CREATES PROFESSIONAL PRODUCTIONS THAT ARE ARTISTICALLY EXCELLENT, THOUGHT PROVOKING, RELEVANT AND THAT ILLUMINATE THE HUMAN CONDITION THROUGH THE PRISM OF THE AFRICAN AMERICAN EXPERIENCE. TODAY, PENUMBRA IS EVOLVING INTO A CENTER FOR RACIAL HEALING. THE PENUMBRA OF THE FUTURE IS A DYNAMIC PERFORMING ARTS, RETREAT, AND LEARNING CENTER DEVELOPING NEW WORK, IDEAS, AND SUSTAINABLE STRATEGIES FOR SOCIAL CHANGE. BUILDING UPON ITS HISTORY, PENUMBRA WILL OFFER NEW ARTISTIC PROGRAMS, ROBUST EQUITY TRAINING, AND WELLNESS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENUMBRA CONTINUED TO RETURN BACK TO A MORE NORMAL MAINSTAGE SEASON AFTER HAVING SCALED BACK IN THE PRIOR YEARS DUE TO COVID-19 RESTRICTIONS. PROGRAMS INCLUDED: BLACK NATIVITY, SUGAR IN OUR WOUNDS, WEATHERING, AND WHAT I LEARNED IN PARIS.
DURING THE FISCAL YEAR, IN ADDITION TO PENUMBRA ENGAGING IN SIGNIFICANT BRANDING AND IDENTITY WORK, THE ORGANIZATION ALSO PARTICIPATED IN A PROCESS TO EVALUATE ITS USE AND NEED FOR FACILITIES. COSTS RELATED TO THIS WORK IS ALLOCATED TO THE PROGRAM SERVICES ABOVE.
PENUMBRA CONTINUED TO OFFER ITS EQUITY TRAINING SERVICES TO CLIENTS ACROSS THE COUNTRY. PENUMBRA'S EQUITY TRAINING COMBINES EXPERT FACILITATION, A POWERFUL EXPLORATION OF RACE IN AMERICA, MONOLOGUES FROM ARTISTS, AND OPPORTUNITIES FOR PARTICIPANTS TO USE THEATRE AS A WAY TO PROBLEM SOLVE AND MODEL. PENUMBRA ALSO EMBARKED UPON A CURRICULUM DEVELOPMENT PROCESS TO EXPAND ITS EQUITY TRAINING OFFERINGS FOR INDIVIDUALS AND ORGANIZATIONS.
PENUMBRA BEGAN EARLY R&D TO INFORM PILOT WELLNESS SERVICES LAUNCHED IN FY24. WELLNESS PROGRAMS AND SERVICES ARE DESIGNED FOR PRIMARILY BLACK COMMUNITIES. AFINITY SPACES FOR WHITE AND INDIGENOUS POC IDENTIFYING INDIVIDUALS ARE OFFERED AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Bellamy Ex Officio, | OfficerTrustee | 40 | $120,056 |
Amy Thomas COO | Officer | 40 | $119,216 |
Lou Bellamy Founder, Art | Officer | 10 | $97,291 |
Melanie Douglas Board Chair | OfficerTrustee | 1 | $0 |
Carson Funderburk First Vice C | OfficerTrustee | 1 | $0 |
Jeannine Befidi Second Vice | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,284,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,486,054 |
| Total Program Service Revenue | $439,358 |
| Investment income | $12,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,944,062 |
| 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. | $355,959 |
| Compensation of current officers, directors, key employees. | $69,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,414,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,183 |
| Payroll taxes | $142,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,333 |
| Fees for services: Accounting | $69,253 |
| Fees for services: Lobbying | $68,333 |
| Fees for services: Fundraising | $43,834 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $292,369 |
| Advertising and promotion | $28,977 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,176 |
| Travel | $134,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,151 |
| Insurance | $25,958 |
| All other expenses | $6,578 |
| Total functional expenses | $3,695,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,702,708 |
| Savings and temporary cash investments | $107,049 |
| Pledges and grants receivable | $1,249,603 |
| Accounts receivable, net | $34,624 |
| 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 | $55,574 |
| Net Land, buildings, and equipment | $48,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,159 |
| Total assets | $10,287,664 |
| Accounts payable and accrued expenses | $259,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,873 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $170,432 |
| Total liabilities | $432,548 |
| Net assets without donor restrictions | $6,431,895 |
| Net assets with donor restrictions | $3,423,221 |
| 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 | $10,287,664 |
Grants Awarded
Over the last fiscal year, Penumbra Theatre Company Inc has awarded $200,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW NATIVE THEATRE PURPOSE: GENERAL OPERATING | $50,000 |
PANGEA WORLD THEATER PURPOSE: GENERAL OPERATING | $50,000 |
TEATRO DEL PUEBLO PURPOSE: GENERAL OPERATING | $50,000 |
THEATRE MU PURPOSE: GENERAL OPERATING | $50,000 |