2024-07-11T17:12:42-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-09-01 411280683 PARK SQUARE THEATRE PARK 6517678481 408 ST PETER STREET 110 ST PAUL MN 55102 STEPHAN DIMENNA EXECUTIVE DIRECTOR 6517678481 2024-07-09 1 STEPHAN DIMENNA 999009999 0 MICHAEL HINSCH P01875343 6123764500 2024-07-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHAN DIMENNA 408 ST PETER STREET 110 ST PAUL MN 55102 1937926 0 X WWW.PARKSQUARETHEATRE.ORG X 1975 MN TO ENRICH AND EDUCATE UPPER MIDWEST AUDIENCES AND SCHOOLS WITH EXCEPTIONAL LIVE THEATRE. 11 11 103 98 0 0 1519990 1297936 316068 574194 2195 4444 167636 57065 2005889 1933639 0 0 0 0 914232 1009849 0 0 121770 926628 1114889 1840860 2124738 165029 -191099 405007 329177 1181730 1296999 -776723 -967822 X TO ENRICH THE COMMUNITY BY PRODUCING AND PRESENTING EXCEPTIONAL LIVE THEATRE THAT TOUCHES THE HEART, ENGAGES THE MIND AND DELIGHTS THE SPIRIT. 0 0 890859 0 274915 GENERAL AUDIENCE PROGRAMMING-NAMED CITY PAGES' BEST THEATRE OF 2020, PARK SQUARE ANNUALLY CREATES AND HOSTS TWO SEASONS OF PLAYS, A GENERAL AUDIENCE SERIES OF NEW WORKS, CLASSICS, MYSTERIES AND MUSICALS AND A STEPPINGSTONE STUDENT & FAMILY SERIES ANCHORED WITH LITERARY CLASSICS FROM OUR REPERTORY AND MATINEE PERFORMANCES OF FAMILY-FRIENDLY SHOWS. THE WORK ON OUR TWO STAGES (353-SEAT PROSCENIUM; 200-SEAT ANDY BOSS THRUST STAGE) ATTRACTS THIS MARKET'S THIRD LARGEST SUBSCRIBER BASE WITH AN AUDIENCE OF 50,000+, INCLUDING A SCHOOL AUDIENCE FROM ALL 8 CONGRESSIONAL DISTRICTS AND THE REGION. THE ADDITION OF OUR BOSS THRUST STAGE IN 2014 ALLOWED US TO DOUBLE OUR ARTISTIC OUTPUT, INCREASE THE ARTIST ROSTER, EXPAND OUR EDUCATIONAL PROGRAMMING, AND SERVE MORE AUDIENCES. WE CONSCIOUSLY DIVERSIFY OUR ARTISTS AND CONTENT TO BECOME MORE RELEVANT TO DIFFERENT AUDIENCES. OUR STRATEGIC EFFORTS TO ATTRACT A NEW GENERATION OF FANS AND PEOPLE OF COLOR THROUGH THE STORIES WE TELL AND THE ARTISTS WHO TELL THEM ARE SHIFTING OUR AUDIENCE MIX. PARK SQUARE IS ALSO COMMITTED TO SHOWCASING NEW WORK BY LIVING WRITERS AND IS A VIGOROUS PRODUCER OF PLAYS BY BIPOC ARTISTS. 0 0 299279 STUDENT PROGRAMMING-PARK SQUARE MERGED WITH STEPPINGSTONE THEATRE (SST) ON SEPTEMBER 1, 2022. STARTED AS A SMALL SCHOOL RESIDENCY PROGRAM IN 1987, SST INSPIRES YOUNG PEOPLE OF ALL AGES TO EXPLORE STORIES, IDEAS, AND CULTURES WITH THEIR IMAGINATIONS THROUGH SUMMER CAMPS, SCHOOL-YEAR CLASSES, COMMUNITY PROGRAMS AND SHOWS STARRING YOUNG ACTORS. SST'S HISTORY OF PRODUCING AWARD-WINNING THEATRE FOR YOUNG AUDIENCES IS ROOTED IN FINDING AND FEATURING DIVERSE VOICES. THE MERGER IS BUILDING ON PARK SQUARE'S STELLAR REPUTATION BY EXPANDING PROGRAMMING, AUDIENCES AND PARTICIPANTS, AS WELL AS ENHANCING OUR ABILITY TO SERVE AN EVEN MORE DIVERSE POPULATION FROM SCHOOLS AND COMMUNITY ORGANIZATIONS. AS OF SEPTEMBER 1, 2022, SST IS NOW PARK SQUARE'S CREATIVE LEARNING BRANCH. THE NEW ORGANIZATION IS EXPANDING ITS OFFERINGS TO INCLUDE A FULL RANGE OF THEATRE EXPERIENCES THAT WILL ENCOMPASS ALL AGES AND THE BEST THAT BOTH THEATRES HAVE TO OFFER: CLASSES AND CAMPS FOR YOUNG PEOPLE, WORKSHOPS FOR ADULTS AND INTER-GENERATIONAL GROUPS, FAMILY-ORIENTED PRODUCTIONS FOR YOUNG AUDIENCES, AND PARK SQUARE'S MAIN STAGE SEASON. PARK SQUARE TYPICALLY SERVES AN AUDIENCE OF APPROXIMATELY 25,000 TEENS ANNUALLY FROM ACROSS THE REGION. DURING 2022, WE PIVOTED TO ONLINE STREAMING OPTIONS, RESUMING LIVE MATINEES IN DECEMBER 2022. OUR TEEN AUDIENCE TYPICALLY REPRESENTS 1 IN EVERY 15 MINNESOTA 7-12 GRADE STUDENTS (15% URBAN (MPLS/SP), 50% SUBURBAN, AND 35% RURAL). SINCE THE TEEN AUDIENCE IS OUR MOST RACIALLY AND ETHNICALLY DIVERSE (OVER 33% ARE STUDENTS OF COLOR), WE CAST CLASSICS LIKE SHAKESPEARE PRODUCTIONS WITH 30-60% ARTISTS OF COLOR BECAUSE STUDENTS RESPOND DIFFERENTLY WHEN THEY SEE THEMSELVES REFLECTED ONSTAGE. OUR YOUTH AUDIENCE IS TYPICALLY 55% STUDENTS WHO SELF-IDENTIFY AS BIPOC AND, BASED ON SUMMER ENROLLMENT, OVER 50% QUALIFY FOR FREE AND REDUCED LUNCH. IN THE SUMMER OF 2021, 80% OF THE PARTICIPANTS WERE FROM ST. PAUL AND ITS SUBURBS, AND 20% LIVED OUTSIDE THE TWIN CITIES (VIRTUAL CLASSES MADE THIS POSSIBLE). CREATIVE LEARNING HAS BEEN CONDUCTING IN-PERSON CLASSES (WITH COVID SAFETY PRECAUTIONS) SINCE WINTER OF 2022, SERVING 781 YOUNG ARTISTS IN 2022. AFTER THE MERGER, THE NUMBERS WILL GROW TO A PROJECTED 70,000+ YOUTH ATTENDING PERFORMANCES AND PARTICIPATING IN EDUCATIONAL ACTIVITIES.OUR ADULT AUDIENCE IS SPREAD ACROSS THE GREATER TWIN CITIES AREA (INCLUDING WESTERN WISCONSIN). OUR EFFORTS TARGETING YOUNG ADULTS AND PEOPLE OF COLOR AS A STRATEGIC FOCUS OF OUR WORK HAVE BEEN EFFECTIVE. THE POPULATION SERVED REPRESENTS THE MANY MINNESOTA POPULATIONS: 1% AMERICAN INDIAN, 5% ASIAN, 10% BLACK, 5% HISPANIC/LATINO, AND 79% WHITE. WITH OUR CURRENT FOCUS ON DIFFERENT COMMUNITIES, A GREATER PERCENTAGE OF PERFORMANCE ATTENDEES AND EDUCATIONAL/OUTREACH ACTIVITY PARTICIPANTS ARE PEOPLE OF COLOR. 890859 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 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 1 78 0 1 103 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X AMANDA HESTWOOD 6517678481 408 ST PETER STREET SUITE 110 ST PAUL MN 55102 MARK FERARRO-HAUCK EXECUTIVE DIRECTOR 40.00 X 55385 0 0 RACHEL MURCH D'OLIMPIO INTERIM EXECUTIVE DIRECTOR 40.00 X 0 0 0 PAUL SACKETT PRESIDENT 5.00 X X 0 0 0 PONDIE TAYLOR VICE PRESIDENT 1.00 X X 0 0 0 SHWETHA VIJIYAKUMAR SECRETARY 1.00 X X 0 0 0 ANDREA TRIMBLE HART TREASURER 1.00 X X 0 0 0 PAUL MATTESSICH DIRECTOR IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 MARK HOWLETT DIRECTOR 1.00 X 0 0 0 PAUL JOHNSON DIRECTOR 1.00 X 0 0 0 KRISTIN BERGER PARKER DIRECTOR 1.00 X 0 0 0 NANCY FELDMAN DIRECTOR 1.00 X 0 0 0 PAUL STEMBLER DIRECTOR 1.00 X 0 0 0 SUSAN ROSTKOSKI DIRECTOR 1.00 X 0 0 0 MIKE ERLANDSON DIRECTOR 1.00 X 0 0 0 ANNA TOBIN DIRECTOR 1.00 X 0 0 0 55385 0 0 0 0 0 0 0 4280 365239 928417 1297936 EDUCATIONAL WORKSHOPS 611710 299279 299279 PERFORMANCES 711110 274915 274915 574194 4444 4444 22252 0 22252 22252 22252 0 4280 0 0 14621 4287 10334 10334 OTHER INCOME 900099 24479 24479 24479 1933639 574194 0 61509 27776 27776 833907 462658 296967 74282 63561 22958 39388 1215 84605 45480 31784 7341 80204 80204 112704 28326 71378 13000 62178 2564 53590 6024 1899 1464 435 67901 69994 -2093 325162 34744 290418 1120 221 899 34374 34374 13289 7079 5009 1201 56012 17049 37794 1169 UNION CONTRACT SERVICES 99911 99083 828 MEMBERSHIP AND DEVELOPM 61117 17586 38168 5363 PRODUCTION MATERIALS 23511 23349 162 UNION BENEFITS 18735 18735 156772 41033 104898 10841 2124738 890859 1112109 121770 294919 215480 9235 50000 23952 62241 1339 4820480 4810574 10112 9906 28500 28500 405007 329177 217713 403447 264792 162751 699225 730801 1181730 1296999 X -810958 -1017822 34235 50000 -776723 -967822 405007 329177 -191099 0 X 0 1 X 1 0 X 1478470 1230788 1722108 1519990 1297936 7249292 1562117 434495 31121 316068 574194 2917995 116555 38358 10357 14621 179891 3157142 1703641 1753229 1846415 1886751 10347178 95594 41937 69250 25432 16402 248615 0 95594 41937 69250 25432 16402 248615 10098563 35158 17987 6018 32195 26696 118054 35158 17987 6018 32195 26696 118054 137988 62673 36398 159246 24479 420784 3330288 1784301 1795645 2037856 1937926 10886016 0.92770 0.93110 0.01080 0.00820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 39,769. 2019 AMOUNT: $ 49,075. 2020 AMOUNT: $ 36,398. 2021 AMOUNT: $ 159,246. 2022 AMOUNT: $ 24,479. INSURANCE PROCEEDS - 2018 AMOUNT: $ 98,219. 2019 AMOUNT: $ 13,598. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28500 X HELD FOR FUTURE SALE 0 4238317 4238317 0 582163 572257 9906 9906 ARTWORK 28500 28500 X 1937926 4287 4287 1933639 0 1933639 2129025 4287 4287 2124738 0 2124738 PART III, LINE 4: OTHER ASSETS - ARTWORK CONSISTS OF DONATED ARTWORK RECORDED AT THE FAIR MARKET VALUE ON THE DATE OF CONTRIBUTION PART X, LINE 2: THE ORGANIZATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAXES. AS SUCH, IT IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME. THE ORGANIZATION ADOPTED THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS AND FILES AS A TAX-EXEMPT ORGANIZATION. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,287. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,287. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD AND THE IMMEDIATE PAST PRESIDENT OF THE BOARD. THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT TO THE CONTROL AND DIRECTION OF THE ENTIRE BOARD. THE EXECUTIVE COMMITTEE ADVISES THE PRESIDENT AS TO THE APPOINTMENT OF COMMITTEE CHAIRS AND MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT IN THE NAME OF THE BOARD BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE AUTHORITY TO ELECT DIRECTORS OR OFFICERS, OR ACT WITH RESPECT TO ANY MATTERS SPECIFICALLY RESERVED FOR ACTION BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT RETURN IS REVIEWED BY MANAGEMENT AND CHANGES INCORPORATED INTO THE FILING, THE RETURN IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE THEATRE'S CONFLICT OF INTEREST POLICY COVERS OFFICERS, DIRECTORS, AND EMPLOYEES WHO MAY INFLUENCE THE DECISIONS OF THE ORGANIZATION. THE BOARD (OR COMMITTEE THEREOF) SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO PARK SQUARE THEATRE. THE DECISION OF THE BOARD (OR COMMITTEE THEREOF) ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF PARK SQUARE THEATRE AND THE ADVANCEMENT OF ITS PURPOSE. INDIVIDUALS WITH CONFLICTS OF INTEREST MAY NOT PARTICIPATE IN THE DISCUSSION OR APPROVAL OF THE TRANSACTION. PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE FULL BOARD REVIEWS AND APPROVES COMPENSATION THROUGH THE BUDGET RECOMMENDED BY THE FINANCE COMMITTEE. THE PROCESS FOR APPROVING THE BUDGET INCLUDING COMPENSATION CHANGES IS DOCUMENTED IN THE MEETING MINUTES AND BUDGET DOCUMENTS. THE PROCESS TO PERFORM A THOROUGH REVIEW OF THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.