Nonprofit · EIN 83-1537885
THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $33,930 | $52,664 | -$18,734 | $650,751 | $655 | $650,096 |
| December 31, 2023 | 990 | $65,780 | $47,773 | $18,007 | $649,288 | $628 | $648,660 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,167
- Program service revenue
- $0
- Investment income
- $30,763
- Net gain from sales of assets
- $11,945
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $19,000
- Compensation of officers, directors and key employees
- $12,000
- Salaries, compensation and benefits (total)
- $12,000
- Professional fundraising fees
- $0
- Accounting fees
- $1,025
- Travel
- $3,759
- Program services (functional)
- $28,000
- Management and general (functional)
- $21,004
- Fundraising (functional)
- $3,660
Balance sheet and other
- Total assets, start of year
- $649,288
- Total assets, end of year
- $650,751
- Total liabilities, end of year
- $655
- Net assets, end of year
- $650,096
- Publicly traded securities
- $642,007
- Net assets without donor restrictions
- $244,832
- Net assets with donor restrictions
- $405,264
- Gross receipts
- $645,482
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2018
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN THEW | PRESIDENT Trustee or director, Officer | 5 | $12,000 |
| TROY BERMEL | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| SIBYL GRUHL THROUGH 82024 | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ANN SANDIN | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ELIZABETH WENZEL THROUGH 32024 | TREASURER Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN THEW | PRESIDENT Trustee or director, Officer | 5 | $12,000 |
| TROY BERMEL | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| ELIZABETH WENZEL | TREASURER Trustee or director, Officer | 0.5 | $0 |
| SIBYL GRUHL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 202 N CEDAR AVENUE SUITE 1, OWATONNA, MN 55060-2306
- In care of
- % JOHN THEW
- Mailing address (990-N for 2020)
- 4807 37TH AVE S, MINNEAPOLIS MN 55417
- Principal officer (990 for 2024)
- JOHN THEW, 2370 DISCOVERY PARKWAY, SUPERIOR, CO 80027
- Principal officer (990-N for 2020)
- John Edward Thew, 4807 37TH AVE S, MINNEAPOLIS MN 55417
- Signed the 990
- JOHN THEW, PRESIDENT
- Phone
- (612) 408-7533
- Website
- www.qualityartslearning.org
- Return prepared by
- AKINS HENKE AND COMPANY
Mission
THE NATIONAL FOUNDATION FOR MUSICAL THEATRE IS A COMMUNITY OF PRODUCERS, INSTITUTIONS, AND MUSICAL THEATRE ENTHUSIASTS SUPPORTING THE DEVELOPMENT, PRODUCTION, AND APPRECIATION OF MUSICAL THEATRE. WE UNDERSTAND THAT IT OFTEN TAKES HUNDREDS OF THOUSANDS OF DOLLARS TO DEVELOP A SINGLE MUSICAL. TRY TO MOVE THAT SHOW TO BROADWAY AND IT CAN TAKE MILLIONS OF DOLLARS MORE. WHILE THIS IS TYPICALLY MORE THAN ONE PERSON OR INSTITUTION CAN AFFORD ON THEIR OWN, IF WE POOL OUR RESOURCES, TOGETHER WE CAN MAKE A TREMENDOUS IMPACT.
Program accomplishments
- WE FUND READINGS, WORKSHOPS, AND MUSICAL THEATRE PRODUCTIONS ACROSS THE COUNTRY. THROUGH OUR PROGRAMS, WE ENCOURAGE ACTIVITIES THAT UNITE AND HEAL THE NATION THROUGH MUSICAL THEATRE, AND EDUCATE THE NEXT GENERATION TO THE EXTRAORDINARY IMPACT THIS ART FORM CAN HAVE ON OUR CULTURE. THE NATIONAL FOUNDATION FOR MUSICAL THEATRE AWARDS GRANTS FOR THE PRODUCTION OR PRESENTATION OF NEW MUSICALS, WORKS FROM THE EXISTING CANON, DEVELOPMENT LABORATORIES, SHOWCASES, AND ARTIST RESIDENCIES.Expenses $28,000 · grants $19,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1537885
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $650,751
- Income (IRS master file)
- $645,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $33,930 | $52,664 | $650,751 | IRS |
| 990 | December 2023 | $65,780 | $47,773 | $649,288 | XML |
| 990 | December 2022 | -$11,795 | $38,796 | $614,602 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: John Edward Thew | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: John Thew | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-1537885).
Questions about THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC
- What is the EIN of THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC?
- The employer identification number (EIN) of THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC is 83-1537885.
- Is THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC 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 THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC?
- The 990 for the year ended December 31, 2024 names JOHN THEW.
- Who are the officers and directors of THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $12,000 (JOHN THEW, PRESIDENT).
- How much revenue does THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $33,930, expenses of $52,664 and total assets of $650,751 at year end.
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