Southern Theater Foundation
Nonprofit profile at a glance
- EIN
- 411313132
- IRS 990-EZ coverage
- 2020–2020
- Forms available
- Form 990 2019, Form 990-EZ 2020
- Location
- Minneapolis, MN, USA
- Phone
- 6123400155
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $89,807
- Expenses
- $97,008
- Assets
- $206,880
- Liabilities
- $209,169
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- OCHEN KAYLEN (CHAIR)
- SETH BOCKLEY (SECRETARY)
- REBEKAH COOK (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-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The southern theater's mission is to foster a community of exceptional artists.
What it reported doing in 2020
See schedule o.the primary program of the southern theater is the artshare program. In 2019, 25 artshare performance companies were curated as part of the southern's season and contracted for performances within the season. Companies that are part of the artshare program do not have an upfront rental cost. Instead revenue from ticket sales are split between the southern and the company. Artshare companies also receive assistance with support services such as ticket sales, marketing, and technical assistance.guest presenters are companies that pay upfront rental costs and receive support to present their production via the rental agreement.the artshare membership program provides a monthly subscription option for patrons to attend all artshare performances within the month they are members. Single ticket sales are available for all artshare shows as well. Some guest presenters give artshare members a discount off regular ticket prices.
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. Assets have declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.2%; rating input score 97
- Program expense ratio: 90%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -8%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 2.13; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 1.01; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.3% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: -4.3% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 97.2% of revenue deployed · 90% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.