Bedlam Theatre

Nonprofit profile at a glance

EIN
411781486
IRS 990 coverage
2014–2014
Forms available
Form 990 2014, Form 990-EZ 2011
Location
Minneapolis, MN, USA
Phone
6123411038
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$957,747
Expenses
$1,239,345
Assets
$1,090,934
Liabilities
$724,538

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • DAN SPOCK (President)

Highest reported compensation

  • JOHN FRANCIS BUECHE (CHIEF ART. DIR.): $31,474 total reported compensation
  • MAREN WARD (PROD. ART. DIR.): $1,241 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To produce radical works of theater with a focus on collaberation and a uniques blend of professional and community art

What it reported doing in 2014

In 2014, bedlam produced 10 major mainstage productions including queertopia, the beast, the big lowdown, kaboom, you, aka: fathers/sons, beaverdance, and three disntict short town showoffs. Additional programming included the continuation of the outdoor concert series "collective noise", the theatre craft education program "technical tools of the trade", and the scenic design work of "bedlam for hire". All of these activities were grounded in broad community access and high quality performing arts. In addition to operating the bedlam community design center, a workshop and rehearsal space in the seward neighborhood of minneapolis, 2014 saw the grand opening of bedlam lowertwon, a hybrid bar/restaurant and performance venue in lowertwon st.paul. Altogether, bedlam activities included 358 activities reaching over 35,000 people.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Accountability: 73
  • Sustainability: 24
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.9%; rating input score 100
  • Program expense ratio: 77.2%; rating input score 77
  • Fundraising efficiency: $4.64 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 14th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -29.4%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 46% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 52.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 99.9% of revenue deployed · 77.2% of spending went to programs
  • Governance: 5 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $957K in reported program spending
  • Leadership: top reported pay $31K · 7 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.