2024-11-26T11:46:58-06:00 2024-08-31 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2023-09-01 410908977 Theatre in the Round Players Inc THEA 6123332919 245 Cedar Avenue Minneapolis MN 554541054 Larisa Netterlund Executive Director 6122332919 2024-11-22 1 0 Victoria L Holinka P00735616 9525450424 2024-11-22 2023 2024-10-15 13:58:12Z Larisa Netterlund 245 Cedar Avenue Minneapolis MN 55454 527692 0 X www.theatreintheround.org X 1953 MN Educational purposes - to promote artistic and educational activities in Minneapolis, MN. 16 16 6 327 0 0 122713 192966 269809 302092 904 1831 19804 18363 413230 515252 0 0 0 0 203968 240149 0 0 29010 245500 268804 449468 508953 -36238 6299 1069227 1076256 228311 218853 840916 857403 X Theatre in the Round Players, Inc. (the Theatre) is a community theatre that endeavors to stage engaging performances while providing an inclusive arena theatre experience in the heart of Minneapolis. 1 0 369582 320455 The mission and dominant program service of the Theatre is to produce the highest-quality community theatre that endevaors to stage engaging performances while providing an inclusive arena theatre experience in the heart of Minneapolis. Seven mainstage shows were produced in fiscal year 2023-2024 and an additional Co-Production and night of one-acts. 369582 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 1 1 1 1 0 0 1 0 0 0 1 1 0 MN X Larisa Netterlund 6123332919 245 Cedar Avenue Minneapolis MN 554541054 James Arnold Director 2.00 X 0 0 0 Patricia Gage Director 2.00 X 0 0 0 Aidan Gallivan Director 2.00 X 0 0 0 Christopher Kehoe Director 2.00 X 0 0 0 VaMeng Moua Director 2.00 X 0 0 0 Elizabeth Lofgren Director 2.00 X 0 0 0 Jennie Ward Director 2.00 X 0 0 0 James Vogel Director 2.00 X 0 0 0 Robert J Smith Director 2.00 X 0 0 0 Bill Larsen Director 2.00 X 0 0 0 Elijah Saiger Director 2.00 X 0 0 0 Zola Rosenfeld Director 2.00 X 0 0 0 Denise Larson Director 2.00 X 0 0 0 David Stevens Director 2.00 X 0 0 0 Carrie Andersen President 5.00 X X 0 0 0 Angela Youngdahl Vice President 5.00 X X 0 0 0 Linda Paulsen Secretary 5.00 X X 0 0 0 Paul Clausen Treasurer 2.00 X X 0 0 0 Larisa Netterlund Executive Director 50.00 X 62875 0 0 62875 0 0 0 0 0 0 0 57028 135938 192966 Box office 711110 199730 199730 Season tickets 711110 91923 91923 Costume, set, and prop 711110 9977 9977 Gift tickets 711110 462 462 302092 1831 1831 1042 1042 0 0 28099 11398 16701 16701 Other income 711110 1662 1662 1662 515252 320455 0 1831 63190 18957 31595 12638 156304 108173 33283 14848 5096 3132 1588 376 15559 9563 4848 1148 5325 5325 6162 5850 312 30013 30013 12733 12733 16844 16844 53605 52534 1071 12758 12503 255 38128 37366 762 28398 27830 568 Production equipment an 27170 27170 Production costs 19647 19647 Credit card and bank fe 11725 11725 Miscellaneous admin exp 6296 6296 508953 369582 110361 29010 79014 63750 138372 141246 17552 12287 1819251 1132440 672153 686811 161906 172094 230 68 1069227 1076256 13354 14734 83657 63841 131300 140278 228311 218853 X 840916 847632 9771 840916 857403 1069227 1076256 6299 10188 0 X X 1 X 0 1 0 X 102574 152344 91797 93258 135938 575911 240799 85417 140376 299264 359120 1124976 343373 237761 232173 392522 495058 1700887 0 40597 41332 33726 29493 88696 233844 40597 41332 33726 29493 88696 233844 1467043 188 15 92 904 1831 3030 188 15 92 904 1831 3030 1227 82 4756 19804 18363 44232 344788 237858 237021 413230 515252 1748149 0.83920 0.86210 0.00170 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118422 118422 1419123 903909 515214 261430 210987 50443 20276 17544 2732 686811 X 549088 10188 12250 11398 33836 515252 0 515252 532601 12250 11398 23648 508953 0 508953 Part X, Line 2: The Theatre is exempt from income taxes under 501(C)(3) of the Internal Revenue Code. The Theatre is subject to tax on income from any unrelated business activities. The Theatre follows the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Condification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Threatre has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Theatre believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Theatre's financial condition, results of operations, or cash flows. Accordingly, the Theatre has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at August 31, 2024. The Theatre is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. Form 990, Part III, line 2 The Theatre moved up to 7 shows, added a Co-Production, Produced an evening of one-acts for new directors, and increased educational offerings by 60%. Form 990, Part VI, Section A, line 4 The Theatre bylaws were updated in fiscal year 2023-2024. Form 990, Part VI, Section A, line 7a Organizational membership elects up to four members to the Board of Directors at the Annual membership meeting. The Board of Directors votes for its own officers and may vote to appoint a member when necessary. Form 990, Part VI, Section A, line 7b Issues requiring Board of Director approval are decided on a case-by-case basis. Form 990, Part VI, Section B, line 11b A draft of Form 990 and related schedules are circulated to members of the Board of Directors for approval prior to filing the return. Form 990, Part VI, Section B, line 15 The Finance and Executive Committee discuss compensation using comparisions to the Minneapolis MN employment market. The board of Directors must approve the reccomendations of these committees. External Performance. Review of Executive Director is performed by a volunteer HR professional. Form 990, Part VI, Section C, line 19 The information is available upon request. Policies are established and approved by the governing body. Part XII, Line 2C Explanation The Finance Oversight Comittee assumes responsibility for oversight of the review and the selection of the Independent Accountant. This process has not changed from the prior year. Related organization compensation Made an effort to obtain information regarding whether compensation received by members of the Board of Director, if any, was paid from a related organization. No transactions noted.