Nonprofit · EIN 41-0908977
THEATER IN THE ROUND PLAYERS
Tax-exempt · MINNEAPOLIS, MN 55454
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $583,349 | $553,105 | $30,244 | $1,154,509 | $259,362 | $895,147 |
| August 31, 2024 | 990 | $515,252 | $508,953 | $6,299 | $1,076,256 | $218,853 | $857,403 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $237,145
- of which government grants
- $59,034
- Program service revenue
- $309,708
- Investment income
- $3,976
- Net income from sales of inventory
- $17,504
- Other revenue
- $32,520
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $68,171
- Other salaries and wages
- $156,617
- Salaries, compensation and benefits (total)
- $251,376
- Professional fundraising fees
- $0
- Accounting fees
- $5,575
- Occupancy
- $48,444
- Depreciation
- $46,006
- Program services (functional)
- $367,538
- Management and general (functional)
- $164,803
- Fundraising (functional)
- $20,764
Balance sheet and other
- Total assets, start of year
- $1,076,256
- Total assets, end of year
- $1,154,509
- Total liabilities, end of year
- $259,362
- Net assets, end of year
- $895,147
- Land, buildings and equipment
- $875,653
- Publicly traded securities
- $179,594
- Net assets without donor restrictions
- $866,938
- Net assets with donor restrictions
- $28,209
- Gross receipts
- $596,550
- Employees
- 6
- Volunteers
- 445
- Year formed
- 1953
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARISA NETTERLUND | EXECUTIVE DIRECTOR Officer | 50 | $67,792 |
| JAMES ARNOLD | DIRECTOR Trustee or director | 2 | $0 |
| AIDAN GALLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| VAMENG MOUA | DIRECTOR Trustee or director | 2 | $0 |
| JAMES VOGEL | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT J SMITH | DIRECTOR Trustee or director | 2 | $0 |
| BILL LARSEN | DIRECTOR Trustee or director | 2 | $0 |
| ELIJAH SAIGER | DIRECTOR Trustee or director | 2 | $0 |
| ZOLA ROSENFELD | DIRECTOR Trustee or director | 2 | $0 |
| DAVID STEVENS | DIRECTOR Trustee or director | 2 | $0 |
| MARK WEBB | DIRECTOR Trustee or director | 2 | $0 |
| DOMINIC DETWILER | DIRECTOR Trustee or director | 2 | $0 |
| GEORGE ROESLER | DIRECTOR Trustee or director | 2 | $0 |
| HUZEFA GANDHI | DIRECTOR Trustee or director | 2 | $0 |
| LAURA DOTY | DIRECTOR Trustee or director | 2 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIE WARD | DIRECTOR Trustee or director | 2 | $0 |
| CARRIE ANDERSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ANGELA YOUNGDAHL | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| PATRICIA GAGE | SECRETARY Trustee or director, Officer | 5 | $0 |
| PAUL CLAUSEN | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended August 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larisa Netterlund | Executive Director Officer | 50 | $62,875 |
| James Arnold | Director Trustee or director | 2 | $0 |
| Patricia Gage | Director Trustee or director | 2 | $0 |
| Aidan Gallivan | Director Trustee or director | 2 | $0 |
| Christopher Kehoe | Director Trustee or director | 2 | $0 |
| VaMeng Moua | Director Trustee or director | 2 | $0 |
| Elizabeth Lofgren | Director Trustee or director | 2 | $0 |
| Jennie Ward | Director Trustee or director | 2 | $0 |
| James Vogel | Director Trustee or director | 2 | $0 |
| Robert J Smith | Director Trustee or director | 2 | $0 |
| Bill Larsen | Director Trustee or director | 2 | $0 |
| Elijah Saiger | Director Trustee or director | 2 | $0 |
| Zola Rosenfeld | Director Trustee or director | 2 | $0 |
| Denise Larson | Director Trustee or director | 2 | $0 |
| David Stevens | Director Trustee or director | 2 | $0 |
| Carrie Andersen | President Trustee or director, Officer | 5 | $0 |
| Angela Youngdahl | Vice President Trustee or director, Officer | 5 | $0 |
| Linda Paulsen | Secretary Trustee or director, Officer | 5 | $0 |
| Paul Clausen | Treasurer Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 245 CEDAR AVE S, MINNEAPOLIS, MN 55454-1054
- Principal officer (990 for 2024)
- LARISA NETTERLUND, 245 CEDAR AVENUE, MINNEAPOLIS, MN 55454
- Signed the 990
- LARISA NETTERLUND, EXECUTIVE DIRECTOR
- Phone
- (612) 333-2919
- Website
- WWW.THEATREINTHEROUND.ORG
- Return prepared by
- LB CARLSON LLP
Mission
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.
Program accomplishments
- 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.Expenses $367,538 · revenue $342,228
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 41-0908977
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65Z)
- Assets (IRS master file)
- $1,154,509
- Income (IRS master file)
- $596,550
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $583,349 | $553,105 | $1,154,509 | XML |
| 990 | August 2024 | $515,252 | $508,953 | $1,076,256 | XML |
| 990 | August 2023 | $413,230 | $449,468 | $1,069,227 | IRS |
| 990 | August 2022 | $237,021 | $369,547 | $1,059,680 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0908977).
Questions about THEATER IN THE ROUND PLAYERS
- What is the EIN of THEATER IN THE ROUND PLAYERS?
- The employer identification number (EIN) of THEATER IN THE ROUND PLAYERS is 41-0908977.
- Is THEATER IN THE ROUND PLAYERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to THEATER IN THE ROUND PLAYERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THEATER IN THE ROUND PLAYERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THEATER IN THE ROUND PLAYERS due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THEATER IN THE ROUND PLAYERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of THEATER IN THE ROUND PLAYERS?
- The 990 for the year ended August 31, 2025 names LARISA NETTERLUND.
- Who are the officers and directors of THEATER IN THE ROUND PLAYERS?
- The 990 for the year ended August 31, 2025 lists 20 people; 1 received compensation from the organization, the highest $67,792 (LARISA NETTERLUND, EXECUTIVE DIRECTOR).
- How much revenue does THEATER IN THE ROUND PLAYERS have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $583,349, expenses of $553,105 and total assets of $1,154,509 at year end.
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