Hennepin Theatre Tr is located in Minneapolis, MN. The organization was established in 2001. 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 06/2021, Hennepin Theatre Tr employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hennepin Theatre Tr 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 06/2021, Hennepin Theatre Tr generated $4.8m 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 (24.8%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HENNEPIN THEATRE TRUST DRIVES CULTURAL AND ECONOMIC VITALITY IN MINNESOTA THROUGH LEADERSHIP OF THE DYNAMIC HENNEPIN THEATRE DISTRICT IN DOWNTOWN MINNEAPOLIS AND EDUCATIONAL PROGRAMMING THAT REACHES EVERY AREA OF THE STATE. ITS HISTORIC THEATRES -- ORPHEUM, STATE AND PANTAGES -- AND THE NEW EVENT CENTER AT 900 HENNEPIN AVENUE LIGHT UP HENNEPIN AVENUE WITH TOP-TIER ENTERTAINMENT, INCLUDING THE BEST OF BROADWAY AND A WIDE VARIETY OF ARTS PROGRAMMING. THE TRUST IS A NONPROFIT 501 (C) (3) ORGANIZATION.
Describe the Organization's Program Activity:
PROGRAMMING:HENNEPIN THEATRE TRUST PROTECTS AND PRESERVES THE IMPORTANT HISTORIC ARTS DISTRICT AND IMPROVES THE EXPERIENCE FOR ALL WHO WORK, PLAY, LIVE OR VISIT DOWNTOWN.WE BRING BROADWAY'S LEADING PROFESSIONAL PRODUCTIONS TO MINNESOTA AUDIENCES. ANNUALLY, SHOWS SUCH AS HAMILTON, WICKED, FROZEN, DEAR EVAN HANSEN AND COME FROM AWAY ATTRACT NEARLY 350,000 PEOPLE TO DOWNTOWN MINNEAPOLIS FOR INSPIRING ENTERTAINMENT IN OUR HISTORIC THEATRES. IN ADDITION, OUR THREE HISTORIC THEATRES ATTRACT A DIVERSE ARRAY OF TODAY'S BRIGHTEST MUSIC, DANCE AND COMEDIC TALENT, INCLUDING DAVID BYRNE, AMOS LEE, SOUNDS OF BLACKNESS, IRA GLASS, DANCING WITH THE STARS, BRAZILIAN SINGER SEU JORGE, PAUL REISER AND ALI WONG. COMBINED, OUR DIVERSE THEATRE PROGRAMMING BRINGS MORE THAN 600,000 PEOPLE TO DOWNTOWN MINNEAPOLIS FROM AROUND THE UPPER MIDWEST REGION AND BEYOND. THE TRUST CONTRIBUTES MILLIONS TO THE LOCAL CREATIVE ECONOMY, INCLUDING LOCAL ARTISTS AND TECHNICIANS. AS LEADERS OF THE HENNEPIN THEATRE DISTRICT, WE BRING TOGETHER A WIDE RANGE OF STAKEHOLDERS ON NUMEROUS PROJECTS, AND DEVELOP PUBLIC-PRIVATE PARTNERSHIPS THAT UNLOCK POSITIVE SOLUTIONS TO CHALLENGES IN DOWNTOWN SUCH AS BUSINESS VACANCIES, HOMELESSNESS, SAFETEY AND YOUTH UNEMPLOYMENT. "HENNEPIN THEATRE TRUST IS A PROVEN AND TRUSTED PARTNER IN MAKING A POSITIVE DIFFERENCE IN THE LIVES OF EVERYONE WHO ENJOYS DOWNTOWN MINNEAPOLIS" - INSPECTOR MICHAEL SULLIVAN, MINNEAPOLIS POLICE DEPARTMENT
PUBLIC ART:HENNEPIN THEATRE TRUST TRANSFORMS THE PLACES AND SPACES THAT MAKE THE HENNEPIN THEATRE DISTRICT A VIBRANT, WELCOMING AND SAFE PLACE FOR ALL TO ENJOY THROUGH OUR PUBLIC ART PROGRAM, THE LARGEST IN THE MIDWEST. OUTSIDE OUR THEATRES, WE CONNECT PEOPLE TO UNEXPECTED ARTS AND CULTURAL EXPERIENCES SUCH AS THE ICONIC BOB DYLAN MURAL, LARGE-SCALE BANNERS, ART IN UNDERUSED SPACES, AND LIVE ARTS AND CULTURAL EVENTS THROUGHOUT THE THEATRE DISTRICT. OUR FREE MUSICAL SERIES, TITLED 5 TO 10 ON HENNEPIN AND CREATED WITH KEY PARTNERS, HELPS INCREASE PUBLIC SAFETY AND BENEFITS HOMELESS YOUTH AND ADULTS IN THE DISTRICT. THE MONTHLY EVENT BRINGS LIVE MUSIC AND ART EXPERIENCES TO OUTDOORS SPACES ON HENNEPIN AVENUE, AND PROVIDES ATTENDEES WITH FOOD AND CONNECTIONS TO SOCIAL SERVICES. IT RECENTLY RECEIVED GRANT FUNDING FROM THE CITY OF MINNEAPOLIS OFFICE FOR VIOLENCE PREVENTION THAT ALLOWED US TO EXTEND THE SERIES THROUGH THE FALL MONTHS, HOSTING THE EVENTS INDOORS AT OUR EVENT CENTER. IN 2018, WE LAUNCHED THE "IT'S THE PEOPLE" INITIATIVE, INSPIRED BY THE PEOPLE WHOSE EXPERIENCES AND STORIES CREATE THE UNIQUE VIBRANCY OF HENNEPIN AVENUE. THE MAJOR PUBLIC ART PROJECT CAPTURES THE HEART AND SOUL OF MINNEAPOLIS' MOST FAMOUS STREET THROUGH NINE LARGE-SCALE BANNERS DISPLAYED ON FIVE BUILDINGS BETWEEN 5TH AND 10TH STREETS ALONG HENNEPIN AVENUE.
EDUCATION:HENNEPIN THEATRE TRUST'S SPOTLIGHT EDUCATION PROGRAM IS AN ESSENTIAL PART OF ARTS EDUCATION IN MANY MINNESOTA SCHOOLS. ANNUALLY, WE HELP NEARLY 8,000 STUDENTS IN MORE THAN 100 URBAN, SUBURBAN AND RURAL HIGH SCHOOLS THROUGH THE STATE BUILD CONFIDENCE, CRITICAL THINKING, EMPATHY, SENSE OF COMMUNITY AND KNOWLEDGE OF MUSICAL THEATER. THE PROGRAM SUPPLEMENTS AND ENHANCES ARTS CURRICULA THROUGH PRODUCTION ASSESSMENTS, MASTERCLASSES AND THEATER REVIEW WRITING, INCREASING EQUITABLE ACCESS TO QUALITY MUSICAL THEATER EDUCATION. SPOTLIGHT SHOWCASE, OUR ANNUAL RECOGNITION EVENT, IS MINNESOTA'S LARGEST CELEBRATION OF HIGH SCHOOL MUSICAL THEATER AND PROVIDES 1,600 STUDENTS THE OPPORTUNITY TO PERFORM AT THE HISTORIC STATE THEATRE. EACH YEAR, WE SELECT TOP PERFORMERS AND ESCORT THEM TO PARTICIPATE IN THE JIMMY AWARDS IN NEW YORK CITY. MUCH OF THE ACTIVITY AROUND MASTERCLASSES AND OTHER EVENTS TAKE PLACE AT OUR EVENT CENTER, WHERE STUDENTS HAVE CLOSE ACCESS TO OUR CITY'S THREE HISTORIC THEATRES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Nerenhausen President/ceo | OfficerTrustee | 50 | $248,740 |
Jim Langemo Chief Administrative Officer | Officer | 50 | $136,528 |
Lisa Krohn Director Of Theatre Progra | 40 | $101,539 | |
Travis Barkve Board Chair | OfficerTrustee | 5 | $0 |
Andrea Mokros Vice Chair | OfficerTrustee | 1 | $0 |
Dan Tenenbaum Secretary | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mean Girls National Touring Llc Show Production | 6/29/20 | $1,387,789 |
Hosanna Tour Llc Show Production | 6/29/20 | $807,023 |
Phantom Touring Llc Show Production | 6/29/20 | $1,459,863 |
My Fair Lady On Touring Llc Show Production | 6/29/20 | $620,762 |
The Bands Visit National Tour Llc Show Production | 6/29/20 | $582,235 |
Phantom Touring Llc Show Production | 6/29/20 | $1,459,863 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,521,090 |
All other contributions, gifts, grants, and similar amounts not included above | $3,244,566 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,765,656 |
Total Program Service Revenue | $58,595 |
Investment income | $1,914 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | -$292 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,825,873 |
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. | $618,285 |
Compensation of current officers, directors, key employees. | $618,285 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,398,057 |
Pension plan accruals and contributions | $49,711 |
Other employee benefits | $247,896 |
Payroll taxes | $165,288 |
Fees for services: Management | $0 |
Fees for services: Legal | $74,315 |
Fees for services: Accounting | $28,782 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $357,665 |
Advertising and promotion | $16,471 |
Office expenses | $388,490 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $13,967 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,035,202 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $755,647 |
Insurance | $43,007 |
All other expenses | $149,894 |
Total functional expenses | $5,551,654 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,579,695 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $262,788 |
Accounts receivable, net | $458,392 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $6,551 |
Prepaid expenses and deferred charges | $133,863 |
Net Land, buildings, and equipment | $17,147,315 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $22,588,604 |
Accounts payable and accrued expenses | $314,172 |
Grants payable | $0 |
Deferred revenue | $222,851 |
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 | $17,126,085 |
Unsecured mortgages and notes payable | $660,041 |
Other liabilities | $0 |
Total liabilities | $18,323,149 |
Net assets without donor restrictions | $3,189,829 |
Net assets with donor restrictions | $1,075,626 |
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 | $22,588,604 |
Over the last fiscal year, we have identified 1 grants that Hennepin Theatre Tr has recieved totaling $1,400.
Awarding Organization | Amount |
---|---|
Brown Family Foundation Inc Cumberland, WI PURPOSE: OPERATING | $1,400 |
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 |