Red Eye Collaboration
- Assets
- $613.1k
- Revenue
- $505.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Minneapolis, MN
- Founding
- 10/1984
- Data as of
- 06/2024
- EIN
- 41-1469078
Organization Overview
Red Eye Collaboration is located in Minneapolis, MN. The organization was established in 1984. 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 06/2024, Red Eye Collaboration employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Eye Collaboration 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 06/2024, Red Eye Collaboration generated $505.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $301.1k during the year ending 06/2024. While expenses have increased by 3.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RED EYE COLLABORATION IS A MULTI-DISCIPLINARY CREATIVE LABORATORY THAT SUPPORTS THE DEVELOPMENT AND PRODUCTION OF BOUNDARY-BREAKING PERFORMANCE WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RED EYE COLLABORATION IS A MULTI-DISCIPLINARY CREATIVE LABORATORY THAT SUPPORTS THE DEVELOPMENT AND PRODUCTION OF BOUNDARY-BREAKING PERFORMANCE WORK. SERVING FOR NEARLY FOUR DECADES AS A LEADING PRODUCER OF THOSE WORKING AT THE CUTTING EDGES OF CONTEMPORARY PERFORMANCE, RED EYE REMAINS A PASSIONATE CHAMPION OF DARING INDEPENDENT ARTISTS. THE SAME MISSION THAT SPURRED THE CONCEPTION OF THE ORGANIZATION MORE THAN 35 YEARS AGO REMAINS AT THE HEART OF RED EYE: TO PROVIDE A CREATIVE CENTER FOR EXPERIMENTATION, COLLABORATION, AND CRITICAL DISCOURSE - A PLACE WHERE FRESH IDEAS FOR PERFORMANCE CAN BE EXPLORED, DEVELOPED, SHARED, AND DISCUSSED. BRANCHING OUT FROM ITS THEATRICAL ROOTS INTO RELATED ARENAS, RED EYE CURRENTLY INITIATES AND SUPPORTS A WIDE RANGE OF ARTISTIC PROGRAMMING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, PROVIDING A HOME TO ARTISTS AT ALL STAGES OF THEIR CAREERS CREATING INNOVATIVE THEATER, DANCE, MUSIC, PERFORMANCE ART, AND MULTIMEDIA WORK, AS WELL AS HYBRID FORMS WHERE DISCIPLINES INTERSECT AND ARE TRANSFORMED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Quisenberry President | OfficerTrustee | 2 | $0 |
David W Kelley Vice Preside | OfficerTrustee | 2 | $0 |
Rachel Mattson Secretary | OfficerTrustee | 2 | $0 |
John Marks Treasurer | OfficerTrustee | 2 | $0 |
Sara Shives Director | Trustee | 2 | $0 |
Jinza Thayer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,283 |
| Total Program Service Revenue | $56,217 |
| 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 | $505,500 |
| 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 | $64,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,185 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,031 |
| Insurance | $0 |
| All other expenses | $23,726 |
| Total functional expenses | $301,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,299 |
| 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 | $1,039 |
| Net Land, buildings, and equipment | $184,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,100 |
| Total assets | $613,091 |
| Accounts payable and accrued expenses | $15,197 |
| 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 | $104,963 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,160 |
| Net assets without donor restrictions | $436,162 |
| Net assets with donor restrictions | $56,769 |
| 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 | $613,091 |