Theatre B
- Assets
- $204.6k
- Revenue
- $275.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Moorhead, MN
- Founding
- 09/2004
- Data as of
- 07/2022
- EIN
- 20-0204648
Organization Overview
Theatre B is located in Moorhead, MN. The organization was established in 2004. 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 07/2022, Theatre B employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre B 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 07/2022, Theatre B generated $275.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $218.4k during the year ending 07/2022. While expenses have increased by 2.7% per year over the past 7 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
PRODUCED THEATRICAL PRODUCTIONS FOR PUBLIC AUDIENCES. EDUCATIONAL OPPORTUNITIES FOR YOUTH 14-18 YEARS OLD. MENTORING OPPORTUNITIES FOR ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED THEATRICAL PRODUCTIONS FOR PUBLIC AUDIENCES. EDUCATIONAL OPPORTUNITIES FOR YOUTH 14-18 YEARS OLD. MENTORING OPPORTUNITIES FOR ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Asleson Board Vice Chair | Officer | 2 | $0 |
Maureen Olsen Secretary | Officer | 2 | $0 |
Tim Peterson Treasurer | Officer | 2 | $0 |
Anthony Faris Board Chair | Officer | 2 | $0 |
Monika Browne-Ecker Key Employee | Officer | 2 | $0 |
Carolyn Wintersteen Executive Director | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,615 |
| Fundraising events | $0 |
| Related organizations | $131,044 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,659 |
| Total Program Service Revenue | $56,617 |
| 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 | $275,276 |
| 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. | $70,815 |
| Compensation of current officers, directors, key employees. | $28,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,500 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,855 |
| Advertising and promotion | $14,807 |
| Office expenses | $4,736 |
| Information technology | $6,608 |
| Royalties | $5,754 |
| Occupancy | $24,121 |
| 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 | $6,724 |
| Insurance | $2,416 |
| All other expenses | $11,812 |
| Total functional expenses | $218,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,378 |
| 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 | $11,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,606 |
| Accounts payable and accrued expenses | $15,677 |
| 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 | $15,677 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $188,929 |
| Total liabilities and net assets/fund balances | $204,606 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Theatre B has recieved totaling $178,236.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,000 |
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 |