Homeward Bound Theatre Company Inc is located in Chanhassen, MN. The organization was established in 1994. 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. Homeward Bound Theatre Company Inc 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 06/2023, Homeward Bound Theatre Company Inc generated $162.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $167.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STATEMENT OF FUNCTIONAL EXPENSESIN EXCESS OG 20000 INDIVIDUALS WERE SERVED THIS YEAR
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Kirkpatrick President/treasure | 20 | $6,653 | |
Ashlee Kirkpatrick Director | 20 | $4,455 | |
Molly Notermann Secretary | 20 | $6,862 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,032 |
| Total Program Service Revenue | $154,956 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $161,988 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,424 |
| Professional fees and other payments to independent contractors | $1,289 |
| Occupancy, rent, utilities, and maintenance | $17,805 |
| Printing, publications, postage, and shipping | $1,569 |
| Other expenses | $102,554 |
| Total expenses | $167,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $7,602 |
| Total liabilities | $1,633,326 |
| Net assets or fund balances | -$1,625,724 |