Castleco Theatre
Nonprofit profile at a glance
- EIN
- 463604677
- IRS 990 coverage
- 2021–2021
- Forms available
- Form 990 2021, Form 990-EZ 2020, Form 990-N 2016
- Location
- Bloomington, MN, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $217,158
- Expenses
- $177,284
- Assets
- $136,085
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- David Beck OSullivan (Board of Directors - President)
People named in this filing
- David Beck OSullivan (Board of Directors - President)
- Joey Orlando (Board of Directors - Secretary)
- Angie Asher Carlson (Board of Directors - Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CastleCo Theatre's mission is to increase theatre access by producing live stage shows that connect every age and stage of life. Between Sept. 1 2021 and August 31 2022 CastleCo Theatre upheld its mission by providing theater arts programing which engaged 11,416 participants in theater arts activities as staff students performers and audience members.
What it reported doing in 2021
CastleCo Theatre engaged community members primarily residing in Dakota County MN in theater arts activities through the production of three full-length theater productions. Productions had a combined total of 408 actors ranging in age from 5-65+ and 10,988 audience members.
Operating model
- Revenue model
- Earned-program. 77% of the money available for current operations came from fees and other program revenue.
- 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Accountability: 64
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.6%; rating input score 82
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18.4%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 42.8% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 19.2% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 81.6% of revenue deployed · 100% of spending went to programs
- Governance: 6 of 6 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $174K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.