The Fitzgerald Theater Company
- Assets
- $560.0
- Revenue
- $644.0k
- Investments
- $0.0
- Employees
- 75
- Location
- St Paul, MN
- Founding
- 10/1982
- Data as of
- 06/2019
- EIN
- 41-1429405
Organization Overview
The Fitzgerald Theater Company is located in St Paul, MN. The organization was established in 1982. 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 06/2019, Fitzgerald Theater Company employed 75 individuals. Fitzgerald Theater Company 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 06/2019, Fitzgerald Theater Company generated $644.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $736.5k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LIVE PERFORMANCE SPACE TO PUBLIC RADIO AND NONPROFIT ARTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FITZGERALD THEATER COMPANY (FTC) WAS FORMED AS A 501(C)(3), 509(A)(2) NONPROFIT CORPORATION IN ORDER TO RENOVATE, MAINTAIN AND OPERATE THE FITGERALD THEATER TO PROVIDE VALUABLE REHEARSAL AND PERFORMANCE SPACE FOR NONCOMMERCIAL EDUCATIONAL PUBLIC RADIO PROGRAMS AND FOR NONPROFIT COMMUNITY PERFORMING ARTS ORGANIZATIONS. THESE GOALS WERE ACCOMPLISHED IN THE ACTIVITIES ENGAGED IN BY FTC DURING FISCAL YEAR 2019. TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION, 24 PERFORMANCES WERE STAGED AT THE FITZGERALD THEATER DURING THE FISCAL YEAR 2019 WITH 24,174 ATTENDEES.
THE FITZGERALD THEATER IS COMMITTED TO PROGRAMMING THAT REFLECTS THE AUDIENCE AND MISSION OF MINNESOTA PUBLIC RADIO (MPR). THIS 1,000 SEAT THEATER ACTS AS MPR'S LARGEST BROADCAST STUDIO, WITH BROADCASTS FROM THE THEATER REACHING MILLIONS OF PEOPLE THROUGH THE RADIO BROADCASTS. THE FITZGERALD THEATER ALSO HAS STAGED PRODUCTIONS, COMMISSION AUTHORS, ARTISTS AND RADIO HOSTS TO CREATE INTELLECTUALLY STIMULATING PROGRAMS THAT DELIGHT AND ENLIGHTEN THE PUBLIC RADIO COMMUNITY. THE FITZGERALD THEATER IS SAINT PAUL'S OLDEST THEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kansas Trustee/chair | OfficerTrustee | 1 | $0 |
Morris Goodwin Jr Trustee/treasurer | OfficerTrustee | 1 | $0 |
Nicholas Kereakos Trustee | Trustee | 1 | $0 |
Timothy Roesler Trustee | Trustee | 1 | $0 |
John Kavanagh Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $321,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,847 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $643,988 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $333,877 |
| Pension plan accruals and contributions | $15,276 |
| Other employee benefits | $30,270 |
| Payroll taxes | $26,897 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $45,992 |
| Office expenses | $4,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,531 |
| Travel | $16 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,627 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,276 |
| Insurance | $10,410 |
| All other expenses | $0 |
| Total functional expenses | $736,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560 |
| Accounts payable and accrued expenses | $2,824,110 |
| 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 | $2,824,110 |
| Net assets without donor restrictions | -$2,823,550 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,823,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fitzgerald Theater Company has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Minnesota Historical Society Saint Paul, MN PURPOSE: Legacy grant for a historic structures report for the Shubert Theater and Shubert Building, listed on the National Register. | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard For The Arts Saint Paul, MN | $11,189,893 | $6,226,382 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Penumbra Theatre Company Inc St Paul, MN | $11,072,613 | $11,767,246 |
Vermillion Development Company Vermillion, SD | $13,347,571 | $1,278,713 |
Great River Educational Arts Theatre Waite Park, MN | $2,124,043 | $1,298,564 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
The Fitzgerald Theater Company St Paul, MN | $560 | $643,988 |
Echo Ministries Inc St Paul, MN | $978,838 | $1,341,066 |
Schauer Arts And Activities Center Inc Hartford, WI | $3,085,961 | $949,170 |
Fargo Theatre Management Corporation Fargo, ND | $1,892,050 | $869,304 |
Gatherings On The Green Inc Thiensville, WI | $404,938 | $799,351 |