Castleco Theatre
- Assets
- $136.1k
- Revenue
- $217.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 08/2014
- Data as of
- 08/2022
- EIN
- 46-3604677
Organization Overview
Castleco Theatre, operating under the name CastleCo Theatre, is located in Bloomington, MN. The organization was established in 2014. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. CastleCo Theatre 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 08/2022, CastleCo Theatre generated $217.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $177.3k during the year ending 08/2022. While expenses have increased by 17.9% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CASTLECO THEATRE'S MISSION IS TO INCREASE THEATRE ACCESS BY PRODUCING LIVE STAGE SHOWS THAT CONNECT EVERY AGE AND STAGE OF LIFE. BETWEEN SEPT. 1 2021 AND AUGUST 31 2022 CASTLECO THEATRE UPHELD ITS MISSION BY PROVIDING THEATER ARTS PROGRAMING WHICH ENGAGED 11,416 PARTICIPANTS IN THEATER ARTS ACTIVITIES AS STAFF STUDENTS PERFORMERS AND AUDIENCE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASTLECO THEATRE ENGAGED COMMUNITY MEMBERS PRIMARILY RESIDING IN DAKOTA COUNTY MN IN THEATER ARTS ACTIVITIES THROUGH THE PRODUCTION OF THREE FULL-LENGTH THEATER PRODUCTIONS. PRODUCTIONS HAD A COMBINED TOTAL OF 408 ACTORS RANGING IN AGE FROM 5-65+ AND 10,988 AUDIENCE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Beck Osullivan Board Of Directors - President | Officer | 2 | $0 |
Angie Asher Carlson Board Of Directors - Treasurer | Officer | 2 | $0 |
Kelly Beck Osullivan Board Of Directors - Marketing | Officer | 2 | $0 |
Joey Orlando Board Of Directors - Secretary | Officer | 2 | $0 |
Gennia Provencher Board Of Directors - Fundraising | Officer | 2 | $0 |
Amy Lavallie Rose Board Of Directors - Cast Liason | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,226 |
| Total Program Service Revenue | $167,932 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,158 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,417 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,133 |
| Advertising and promotion | $6,583 |
| Office expenses | $7,718 |
| Information technology | $0 |
| Royalties | $1,476 |
| Occupancy | $10,669 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,944 |
| All other expenses | $13,387 |
| Total functional expenses | $177,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,085 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $136,085 |
| 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 | $136,085 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Castleco Theatre has recieved totaling $11,550.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $11,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
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 |