Theatre Latte-Da is located in Minneapolis, MN. The organization was established in 1998. 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 07/2023, Theatre Latte-Da employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Latte-Da 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 07/2023, Theatre Latte-Da generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $4.0m during the year ending 07/2023. While expenses have increased by 11.5% 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
THE MISSION OF THEATER LATTE' DA IS TO CREATE NEW CONNECTIONS BETWEEN STORY, MUSIC, ARTIST AND AUDIENCE BY EXPLORING AND EXPANDING THE ART OF MUSICAL THEATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ACCOMPLISHMENTS/NEW WORK:THANKS TO THE EFFORTS OF OUR STAFF, THE GENEROSITY OF OUR COMMUNITY, AND HISTORIC LEVELS OF FEDERAL SUPPORT COMING OUT OF THE COVID-19 PANDEMIC THROUGH THE SHUTTERED VENUE OPERATORS GRANTS, EMPLOYEE RETENTION TAX CREDIT AND PPP FORGIVABLE LOAN PROGRAM, THEATER LATTE DA (TLD) ENTERED FY23 WELL POSITIONED TO CARRY OUT ITS OPERATIONS AND PRESENT ITS LARGEST-EVER SEASON OF PROGRAMMING. AN OPERATING SURPLUS OF $1.2M IN FY22 ALLOWED THE COMPANY TO IMPLEMENT A CAPACITY-BUILDING STRATEGY BY EXPANDING OUR DEVELOPMENT STAFF, AND TO PLAN FOR AN AMBITIOUS SLATE OF FULL PRODUCTIONS, NEW WORK DEVELOPMENT, AND COMMUNITY INITIATIVES AS WE CONTINUED TO RECOVER FROM THE PANDEMIC. TLD ALSO SUCCESSFULLY NAVIGATED THE ANNOUNCEMENT OF FOUNDING ARTISTIC DIRECTOR PETER ROTHSTEIN'S DEPARTURE AFTER 25 YEARS AND A SUCCESSFUL NATIONAL SEARCH THAT RESULTED IN THE APPOINTMENT OF JUSTIN LUCERO AS HIS SUCCESSOR. WE CONTINUED TO INVEST DEEPLY IN THE CREATION OF NEW MUSIC THEATER THROUGH OUR NEXT UP NEW WORK DEVELOPMENT PROGRAM, AN INTENSIVE LABORATORY TO INCUBATE NEW MUSICALS AND PLAYS WITH MUSIC. THE FY23 NEXT UP INITIATIVE, LED BY DIRECTOR OF NEW WORK ELISSA ADAMS, INCLUDED AN EXCITING LINEUP OF WORKSHOPS AND RESIDENCIES FOR PROJECTS BY ANDREW WILKOWSKE AND KELLEY ROURKE, NOAM SHAPIRO AND PAULO TIROL, CANDRICE JONES AND RANDY PRESTON, AND TWO NEXT GENERATION COMMISSION RECIPIENT TEAMS INCLUDING THE TRIO OF CELESTE MORENO, BETHANY BRINTON, AND CRYSTAL MANICH, AND THE FOUR-PERSON TEAM OF MUSICIANS KATE KILBANE AND DAN MOSES OF THE KILBANES AND JESSIE AUSTRIAN AND NOAH BRODY OF FIASCO THEATER. MAINSTAGE PRODUCTIONS AND NATIONAL TOUR:IN FY23, TLD CARRIED OUT OUR FIRST FULL SEASON SINCE BEFORE THE COVID-19 PANDEMIC, REACHING A RECORD TOTAL OF OVER 50,000 PATRONS, DRAWING NEAR-UNIVERSAL CRITICAL AND AUDIENCE ACCLAIM, AND EXCEEDING SINGLE TICKET REVENUE GOALS BY 22%. THE SEASON OPENED WITH THE RARELY PRODUCED STEPHEN SONDHEIM MUSICAL MERRILY WE ROLL ALONG. THE TLD-DEVELOPED WORLD PREMIERE CHRISTMAS AT THE LOCAL DEBUTED DURING THE 2022 HOLIDAY SEASON, FOLLOWED BY A HIGHLY SUCCESSFUL REVIVAL OF HELLO, DOLLY!, THE WORLD PREMIERE OF ANOTHER TLD PROJECT WE SHALL SOMEDAY, AND A HIT PRODUCTION OF NEXT TO NORMAL, THE FINAL SHOW DIRECTED BY CO-FOUNDER PETER ROTHSTEIN IN HIS ROLE AS ARTISTIC DIRECTOR. A NATIONAL TOUR OF TLD'S HOLIDAY CLASSIC ALL IS CALM: THE CHRISTMAS TRUCE OF 1914 REACHED OVER 10,000 PEOPLE IN 14 CITIES, WITH STOPS IN WISCONSIN, IOWA, INDIANA, ARIZONA, CALIFORNIA, AND WASHINGTON. TLD ALSO PARTNERED FOR A SECOND YEAR WITH CROONERS SUPPER CLUB IN NEARBY FRIDLEY, MN TO REIMAGINE ANOTHER LONGTIME HOLIDAY FAVORITE, A CHRISTMAS CAROLE PETERSEN, FOR CROONERS' CABARET MAINSTAGE, WHERE IT PLAYED SIX SOLD-OUT PERFORMANCES. OUR ANNUAL NEXT FESTIVAL OF NEW MUSICALS ALSO RETURNED, PROVIDING DEVELOPMENTAL OPPORTUNITIES FOR THREE WRITING TEAMS AND SHARING THREE NEW WORKS IN PROCESS INCLUDING THE TEARS OF LA LLORONA, LOVE THEM FIRST, AND MACBETH AND THE WERD SISTERS, AS WELL AS A SPECIAL ONE-NIGHT-ONLY PRESENTATION OF THE NINTH HOUR, WITH SOLD-OUT AUDIENCES. THESE PRODUCTIONS, COMBINED WITH THE NEXT UP DEVELOPMENT PROGRAM, TOGETHER EMPLOYED MORE THAN 350 ACTORS, DESIGNERS, DIRECTORS, COMPOSERS, LYRICISTS, LIBRETTISTS, AND OTHER ARTISTS. COMMUNITY ENGAGEMENT & SUPPORT:WE PROUDLY CARRIED ON OUR EDUCATIONAL COLLABORATIONS IN 2022-23 WITH PROJECT SUCCESS, HENNEPIN THEATRE TRUST, ON STAGE, AND OTHER PARTNERSHIPS THAT ENABLED US TO INTRODUCE MORE THAN 300 YOUNG PEOPLE TO MUSICAL THEATER. OVER $176,000 IN FREE AND DISCOUNTED TICKETS WERE DISTRIBUTED THROUGHOUT THE SEASON TO PROVIDE ATTENDANCE OPPORTUNITIES FOR ACCESS TARGET AUDIENCES INCLUDING VETERANS, ARTISTS, STUDENTS, EDUCATORS, AND FELLOW RESIDENTS LIVING IN OUR LOCAL 55413 ZIP CODE. TLD LAUNCHED A NEW OPEN CAPTIONING SERVICE IN THE 2022-23 SEASON FOR PATRONS WHO ARE DEAF OR HARD OF HEARING, PROVIDING THE SERVICE FOR THREE PERFORMANCES OF EVERY MAINSTAGE PRODUCTION. IN MAY 2023, TLD'S SHOWSTOPPERS: CELEBRATING TWENTY-FIVE YEARS OF THEATER LATTE DA GALA PLAYED TO AN AUDIENCE OF OVER 400 PATRONS AT QUINCY HALL, THE PREMIER EVENTS VENUE IN OUR NORTHEAST MINNEAPOLIS NEIGHBORHOOD. THE EVENING WAS BOTH A CREATIVE AND A FINANCIAL SUCCESS, GENERATING ALMOST $300,000 IN CONTRIBUTIONS FROM OUR GENEROUS COMMUNITY OF SUPPORTERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cara Sjodin Chair | OfficerTrustee | 5 | $0 |
Glyn Northington Vice Chair | OfficerTrustee | 1 | $0 |
Bridget Morehead Treasurer | OfficerTrustee | 1 | $0 |
Les Bendtsen Secretary | OfficerTrustee | 1 | $0 |
Matt Fulton Board Member | Trustee | 1 | $0 |
Ron Frey Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $247,190 |
Related organizations | $0 |
Government grants | $240,343 |
All other contributions, gifts, grants, and similar amounts not included above | $768,300 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,833 |
Total Program Service Revenue | $2,281,709 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $8,500 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $2,323 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $58,278 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,606,643 |
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. | $234,505 |
Compensation of current officers, directors, key employees. | $67,381 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,662,663 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $177,947 |
Payroll taxes | $161,780 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,650 |
Fees for services: Accounting | $60,549 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $62,603 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $307,011 |
Advertising and promotion | $192,020 |
Office expenses | $143,212 |
Information technology | $7,573 |
Royalties | $187,339 |
Occupancy | $156,295 |
Travel | $215,844 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $12,715 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $97,614 |
Insurance | $17,819 |
All other expenses | $631 |
Total functional expenses | $3,999,882 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,129,617 |
Savings and temporary cash investments | $265,236 |
Pledges and grants receivable | $68,000 |
Accounts receivable, net | $44,973 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,035 |
Prepaid expenses and deferred charges | $109,338 |
Net Land, buildings, and equipment | $1,195,894 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,816,093 |
Accounts payable and accrued expenses | $184,355 |
Grants payable | $0 |
Deferred revenue | $383,875 |
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 | $504,405 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,072,635 |
Net assets without donor restrictions | $1,688,458 |
Net assets with donor restrictions | $55,000 |
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 | $2,816,093 |