2026-01-21T12:10:05-06:00 2025-08-31 411504933 LB CARLSON LLP 605 HIGHWAY 169 SUITE 650 MINNEAPOLIS MN 55441 990 2024-09-01 410908977 THEATRE IN THE ROUND PLAYERS INC THEA 6123332919 245 CEDAR AVENUE MINNEAPOLIS MN 554541054 LARISA NETTERLUND EXECUTIVE DIRECTOR 6122332919 2026-01-21 1 0 VICTORIA L HOLINKA P00735616 7635358150 2026-01-21 2024 2025-03-06 01:10:19Z LARISA NETTERLUND 245 CEDAR AVENUE MINNEAPOLIS MN 55454 596550 0 X WWW.THEATREINTHEROUND.ORG X 1953 MN EDUCATIONAL PURPOSES - TO PROMOTE ARTISTIC AND EDUCATIONAL ACTIVITIES IN MINNEAPOLIS, MN. 16 16 6 445 0 0 192966 237145 302092 309708 1831 3976 18363 32520 515252 583349 0 0 0 0 240149 251376 0 0 20764 268804 301729 508953 553105 6299 30244 1076256 1154509 218853 259362 857403 895147 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. 0 0 367538 342228 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 2024-2025, AN ADDITIONAL CO-PRODUCTION, AND A SERIES OF THEATRE WORKSHOPS AND CLASSES. 367538 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 12 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 1 1 1 1 1 1 1 0 MN X LARISA NETTERLUND 6123332919 245 CEDAR AVENUE MINNEAPOLIS MN 554541054 LARISA NETTERLUND EXECUTIVE DIRECTOR 50.00 X 67792 0 0 JAMES ARNOLD DIRECTOR 2.00 X 0 0 0 AIDAN GALLIVAN DIRECTOR 2.00 X 0 0 0 VAMENG MOUA 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 DAVID STEVENS DIRECTOR 2.00 X 0 0 0 MARK WEBB DIRECTOR 2.00 X 0 0 0 DOMINIC DETWILER DIRECTOR 2.00 X 0 0 0 GEORGE ROESLER DIRECTOR 2.00 X 0 0 0 HUZEFA GANDHI DIRECTOR 2.00 X 0 0 0 LAURA DOTY DIRECTOR 2.00 X 0 0 0 JENNIE WARD DIRECTOR 2.00 X 0 0 0 CARRIE ANDERSON PRESIDENT 5.00 X X 0 0 0 ANGELA YOUNGDAHL VICE PRESIDENT 5.00 X X 0 0 0 PATRICIA GAGE SECRETARY 5.00 X X 0 0 0 PAUL CLAUSEN TREASURER 2.00 X X 0 0 0 67792 0 0 0 0 0 0 0 59034 178111 237145 BOX OFFICE 711110 221227 221227 SEASON TICKETS 711110 78047 78047 COSTUME, SET, AND PROP 711110 9620 9620 GIFT TICKETS 711110 814 814 309708 3976 3976 30705 13201 17504 17504 OTHER INCOME 711110 15016 15016 15016 583349 342228 0 3976 68171 20451 34086 13634 156617 82614 69157 4846 8682 3893 4043 746 17906 8029 8339 1538 5575 5575 11046 9900 1146 26363 26363 15805 15805 14876 14876 48444 47476 968 14073 13792 281 46006 45086 920 31645 31012 633 PRODUCTION EQUIPMENT AN 44403 44403 PRODUCTION COSTS 19643 19643 CREDIT CARD AND BANK FE 16596 16596 MISCELLANEOUS ADMIN EXP 7254 7254 553105 367538 164803 20764 63750 59043 141246 23222 12287 16997 1961013 1085360 686811 875653 172094 179594 68 0 1076256 1154509 14734 14344 63841 94472 140278 150546 218853 259362 X 847632 866938 9771 28209 857403 895147 1076256 1154509 30244 7500 0 X X 1 X 0 1 0 X 152344 91797 93258 135938 237145 710482 85417 140376 299264 359120 309708 1193885 237761 232173 392522 495058 546853 1904367 0 41332 33726 29493 88696 95629 288876 41332 33726 29493 88696 95629 288876 1615491 15 92 904 1831 3976 6818 15 92 904 1831 3976 6818 82 4756 19804 18363 32520 75525 237858 237021 413230 515252 583349 1986710 0.81310 0.83920 0.00340 0.00170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118422 118422 1545874 841542 704332 276441 226074 50367 20276 17744 2532 875653 X 618354 7500 14304 13201 35005 583349 0 583349 580610 14304 13201 27505 553105 0 553105 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, 2025. 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 VI, SECTION A, LINE 4 THE THEATRE AMENDED ONE SECTION OF THE BYLAWS, APPROVED A CONFLICT OF INTEREST POLICY, GIFT ACCEPTANCE POLICY, WHISTLEBLOWER POLICY AND RECORD RETENTION POLICY. 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. THE MISSION STATEMENT MAY NOT BE AMENDED WITHOUT APPROVAL BY GENERAL MEMBERSHIP. 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 12C BOARD MEMBERS THAT DISCLOSE CONFLICTS OF INTERESTS ARE REQUIRED TO RECUSE THEMSELVES FROM VOTING ON TOPICS THAT COULD BE IMPACTED BY THEIR CONFLICTS. ALL DISCLOSED CONFLICTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE. 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.