Civic Intelligence

Guthrie Theatre Foundation

990 • Fiscal year 2014 • EIN 41-0854160

Sep 01, 2013 to Aug 31, 2014 • Filed on Jun 25, 2015

818 S 2nd StreetSuiteMinneapolis, MN 55415

(612) 225-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.12x

Higher debt load relative to assets than 26% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

49th percentile

0.50x

Higher debt load relative to revenue than 49% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$558,573

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

63rd percentile

8.5%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

77%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Assets

Up

$179,743,964

Up $14,018,567 (+8.5%) from 2013

Net Assets

Up

$157,390,172

Up $16,318,635 (+12%) from 2013

Liabilities

Down

$22,353,792

Down $2,300,068 (-9.3%) from 2013

Revenue

Up

$44,621,675

Up $19,403,211 (+77%) from 2013

Expenses

Down

$29,593,074

Down $1,295,368 (-4.2%) from 2013

Net Income

Up

$15,028,601

Up $20,698,579 (+365%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $165,535,301Liabilities 2010: $24,567,338Net Assets 2010: $140,967,9632010Assets 2011: $172,642,174Liabilities 2011: $26,606,683Net Assets 2011: $146,035,4912011Assets 2012: $167,462,507Liabilities 2012: $25,500,114Net Assets 2012: $141,962,3932012Assets 2013: $165,725,397Liabilities 2013: $24,653,860Net Assets 2013: $141,071,5372013Assets 2014: $179,743,964Liabilities 2014: $22,353,792Net Assets 2014: $157,390,1722014Assets 2015: $165,778,981Liabilities 2015: $20,560,114Net Assets 2015: $145,218,8672015Assets 2016: $163,493,452Liabilities 2016: $20,866,186Net Assets 2016: $142,627,2662016Assets 2017: $152,997,064Liabilities 2017: $12,461,689Net Assets 2017: $140,535,3752017Assets 2018: $161,169,674Liabilities 2018: $13,550,071Net Assets 2018: $147,619,6032018Assets 2019: $155,269,541Liabilities 2019: $14,333,915Net Assets 2019: $140,935,6262019Assets 2020: $150,141,249Liabilities 2020: $15,478,240Net Assets 2020: $134,663,0092020Assets 2021: $166,811,777Liabilities 2021: $18,728,238Net Assets 2021: $148,083,5392021Assets 2022: $157,320,019Liabilities 2022: $15,238,608Net Assets 2022: $142,081,4112022Assets 2023: $152,917,477Liabilities 2023: $8,993,667Net Assets 2023: $143,923,8102023Assets 2024: $160,661,885Liabilities 2024: $9,260,926Net Assets 2024: $151,400,9592024

Highlighted filing

2014

Assets$179,743,964
Liabilities$22,353,792
Net Assets$157,390,172

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $27,913,5552010Expenses 2011: $30,009,3592011Expenses 2012: $32,068,3552012Revenue 2013: $25,218,464Expenses 2013: $30,888,442Net Income 2013: -$5,669,9782013Revenue 2014: $44,621,675Expenses 2014: $29,593,074Net Income 2014: $15,028,6012014Revenue 2015: $25,466,128Expenses 2015: $31,844,805Net Income 2015: -$6,378,6772015Revenue 2016: $25,432,185Expenses 2016: $29,461,793Net Income 2016: -$4,029,6082016Revenue 2017: $26,267,249Expenses 2017: $31,183,524Net Income 2017: -$4,916,2752017Revenue 2018: $38,487,110Expenses 2018: $32,247,930Net Income 2018: $6,239,1802018Revenue 2019: $24,696,711Expenses 2019: $31,001,513Net Income 2019: -$6,304,8022019Revenue 2020: $18,685,485Expenses 2020: $25,864,338Net Income 2020: -$7,178,8532020Revenue 2021: $17,905,053Expenses 2021: $16,363,475Net Income 2021: $1,541,5782021Revenue 2022: $38,832,182Expenses 2022: $29,522,220Net Income 2022: $9,309,9622022Revenue 2023: $37,377,343Expenses 2023: $36,103,936Net Income 2023: $1,273,4072023Revenue 2024: $36,051,705Expenses 2024: $33,943,666Net Income 2024: $2,108,0392024

Highlighted filing

2014

Revenue$44,621,675
Expenses$29,593,074
Net Income$15,028,601
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jun 25, 2015
Return Version
2013v4.0
Gross Receipts
$77,619,364
Mission and Program Overview

Mission

The Guthrie Theater, founded in 1963, is an American center for theater performance, production, education, and professional training. By presenting both classical literature and new work from diverse cultures, the Guthrie illuminates the common humanity connecting Minnesota to the peoples of the world.

refer to schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$103,770,919$99,020,036▼ $4,750,883
Investments in Publicly Traded Securities$26,121,240$34,187,205▲ $8,065,965
Investments Other Securities$22,607,761$16,410,260▼ $6,197,501
Cash and Non-Interest-Bearing Accounts$3,188,479$16,017,576▲ $12,829,097
Pledges and Grants Receivable$7,885,054$11,137,312▲ $3,252,258
Accounts Receivable$530,710$1,431,798▲ $901,088
Prepaid Expenses and Deferred Charges$1,460,328$1,390,151▼ $70,177
Inventories for Sale or Use$160,906$149,626▼ $11,280
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$165,725,397$179,743,964▲ $14,018,567
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$20,000,000$16,650,000▼ $3,350,000
Deferred Revenue$3,626,664$3,823,184▲ $196,520
Accounts Payable and Accrued Expenses$1,027,196$1,880,608▲ $853,412
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$24,653,860$22,353,792▼ $2,300,068
Net Assets / Fund Balance
Unrestricted Net Assets$94,530,839$93,038,439▼ $1,492,400
Permanently Rstr Net Assets$33,431,815$36,338,769▲ $2,906,954
Temporarily Rstr Net Assets$13,108,883$28,012,964▲ $14,904,081
Total Net Assets Fund Balance$141,071,537$157,390,172▲ $16,318,635
Total Liabilities and Net Assets / Fund Balance$165,725,397$179,743,964▲ $14,018,567

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$96,374,431$30,219,416-
Land$2,106,240--
Equipment$539,365$2,313,651-
Closely Held Equity Interests$2,843,239--
Financial Derivatives$13,567,021--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$45,662,969$2,906,954▲ $5,967,286$2,417,500$52,119,709
2013$42,231,312$331,093▲ $5,150,564$2,050,000$45,662,969
2012$42,326,818$206,464▲ $1,748,030$2,050,000$42,231,312
2011$39,817,829$638,863▲ $3,948,407$2,078,281$42,326,818
2010$37,950,594$5,000,525▼ $2,160,198$973,092$39,817,829
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe DowlingArtisitic DirectorFT$515,462$43,111$515,462
Jacques BrunswickChief Admin. OfficerFT$191,811$22,661$214,472
Peggy Steif AbramDirectorPT$191,811$22,661$214,472
Patricia SantiniDirector Of External RelationsFT$192,502$28,355$202,770
Martha AronsonSecretaryPT$192,502$10,268$202,770
Frank ButlerProduction DirectorFT$149,438$8,556$176,081
Martha AtwaterDirectorPT$149,438$26,643$176,081
Karen BachmanDirectorPT$115,929$24,718$140,647
Y Marc BeltonDirectorPT$106,914$17,533$124,447

Board Members and Trustees

NameTitle
Wendy NelsonChair/Past Chair
Lee SkoldVice Chair/Chair
Amanda NormanDirector
Andrew SlavittDirector
Anne BjerkenDirector
Anne MillerDirector
Barry HuffDirector
Blythe BrendenDirector
Brian WoolseyDirector
Charles ZelleDirector
David CoxDirector
David DinesDirector
David HurrellDirector
David MooreDirector
David WilsonDirector
Douglas SteenlandDirector
Emily Anne TuttleDirector
Eric KalerDirector
Fran DavisDirector
Helen LiuDirector
Irving WeiserDirector
James StephensonDirector
Jane ConferDirector
Jay KiedrowskiDirector
Jennifer Melin MillerDirector
Jodee KozlakDirector
John JunekDirector
Kathy LenzmeierDirector
Kenneth Spence IIIDirector
Liesl HydeDirector
Lisa SorensonDirector
Louise OttenDirector
Margaret WurteleDirector
Margarette MinorDirector
Mark KenyonDirector
Mary VaughanDirector
Matthew HemsleyDirector
Michael BoardmanDirector
Neil LapidusDirector
Patricia SimmonsDirector
Peter BrewDirector
Peter KitchakDirector
Pierson GrieveDirector
Polly GroseDirector
Randall HoganDirector
Richard CohenDirector
Robert RosenbaumDirector
Rodney JordanDirector
Ronald SchutzDirector
Sally PillsburyDirector
Stephen SangerDirector
Tamrah Schaller O'NeilDirector
Terri BonoffDirector
Thomas HansonDirector
Thomas RacciattiDirector
Timonthy PabstDirector
Tina SmithDirector
Todd HartmanDirector
Wayne ZinkDirector
William GeorgeDirector
Steven BaderDirector Of Finance
Trisha KirkDirector Of Marketing
Steve WebsterSecretary/Treasurer
James ChosyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Amtrio LLCApartment Leasing-$178,453
Dramatists Play ServiceRoyalty-$145,953
St Anthony Mills AptsApartment Leasing-$116,640
The Sam Miller CorporationWarehouse Leasing-$104,809
Revenue and Support

Revenue Composition

Contributions and Grants
$23,708,311
Program Service Revenue
$12,462,134
Investment Income
$6,692,949
Other Revenue
$1,758,281
All Other Contributions
$22,132,900
Change in Net Assets
$15,028,601

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded43$330,872Fair Market Value (FMV) at date of Gift
Collectibles1$30,000Retail Value
Total Noncash Contributions44$360,872-

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,621,675
Revenue Not Reported on Form 990
$1,290,034
Total Revenue per Audited Statements
$45,911,709
Total Revenue per Form 990
$44,621,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,297,517
Other Expenses$14,295,557
Total Fundraising Expense$1,079,694
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,539,684$1,608,609$604,880$11,753,173
Depreciation Depletion-$3,355,812-$3,355,812
Fees for Services Other$2,286,647$87,992$39,647$2,414,286
Occupancy$185,090$1,717,540$1,205$1,903,835
Advertising$1,456,214$2,923$119,667$1,578,804
Payroll Taxes$1,229,411$189,973$71,435$1,490,819
Office Expenses$530,603$562,157$89,549$1,182,309
Other Employee Benefits$742,124$161,801$74,430$978,355
Royalties$643,436--$643,436
Current Officers, Directors, Trustees, and Key Employees$585,617--$585,617
Pension Plan Contributions$401,731$63,823$23,999$489,553
Interest$332,583--$332,583
Other Expenses$256,226--$256,226
Conferences and Meetings$169,376$18,992$52,344$240,712
Fees for Services Legal$159,128$70,013-$229,141
Travel$190,379$7,931$2,538$200,848
Insurance-$192,653-$192,653
Fees for Services Accounting-$76,910-$76,910
Total Functional Expenses$20,396,251$8,117,129$1,079,694$29,593,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,593,074
Total Expenses per Audited Statements$29,593,074
Total Expenses per Form 990$29,593,074
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$70,702
Fundraising Gross Income$70,702
Gaming Direct Expenses$30,100
Gaming Gross Income$24,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$327,970$70,702$19,741$50,961
Total Events$327,970$70,702$70,702-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
A41-60053752003-10-08$0Construction of new theater complx

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$85,000,000$0$0$0

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

Each year, all Board members and senior executives submit to management a written disclosure statement identifying any known, real, and potential conflicts of interest. A summary of these conflicts is reviewed by the Governance Committee and reported to the BOD. Additionally, management reviews the documents and conducts business with outside parties based solely on what is in the best interest of the theater.

Form 990, Part VI, Section B, Line 15

The Executive Director position compensation is discussed and approved by a special committee of the BOD. An independent compensation consultant is retained to help determine a reasonable amount of compensation based on specific criteria. As part of the independent consultant's review, comparable executive compensation data from other large cultural institutions across the country is used.

Form 990, Part VI, Section C, Line 19

All policies and financial data are available upon request.

Filing and Contact Details

Filer

EIN
41-0854160
In Care Of
% JANET BALEJ
Phone
6122256000

Signing Officer

Name
Adam Cox
Title
Chief Admin. Officer
Phone
1234567890
Signed
2015-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Nelson
Formed
1963
Legal Domicile
Mn
Voting Board Members
56
Independent Board Members
55
Employees
623
Volunteers
482

Preparer

Preparer
Ann Lamoureux
Phone
1234567890
Supplemental Narrative

Additional Explanations

Form 990, Part I, Ln 1, and Part III, Ln 1

THE GUTHRIE THEATER, FOUNDED IN 1963, IS AN AMERICAN CENTER FOR THEATER PERFORMANCE, PRODUCTION, EDUCATION, AND PROFESSIONAL TRAINING. BY PRESENTING BOTH CLASSICAL LITERATURE AND NEW WORK FROM DIVERSE CULTURES, THE GUTHRIE ILLUMINATES THE COMMON HUMANITY CONNECTING MINNESOTA TO THE PEOPLES OF THE WORLD. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the Finance Committe of the Board of Directors and is then distributed to the full board before submission.

Form 990, Part XI, Ln 9

Cost of Goods Sold 360,899 Special Events Expense 100,802 -------------- Total 461,701

Financial Statement Notes

Part XI, Ln 2D

Cost of Goods Sold 360,899 Special Events Expense 100,802 -------------- Total 461,701 Part X, Ln 2 The Guthrie is classified as a tax-exempt organization under Minnesota Statute Sections 290.05 and 501(c)(3) of the Internal Revenue Code and is not a private foundation under Sections 509(a)(I) and 170(b)(1)(A)(vi) of the Internal Revenue Code and, as such, is exempt from taxes except on unrelated business income. The Guthrie did not have any unrelated business income for the year ended August 31, 2014. The Guthrie's accounting policy provides that a tax expense/benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The Guthrie has no uncertain tax positions resulting in an accrual of tax expense or benefit as of August 31, 2014.

Schedule D, Part V, Ln 4

To fund operations of the theater

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Peggy Steif Abram
IRS990/Form990PartVIISectionAGrp/PersonNm2Martha Aronson
IRS990/Form990PartVIISectionAGrp/PersonNm3Martha Atwater
IRS990/Form990PartVIISectionAGrp/PersonNm4Karen Bachman
IRS990/Form990PartVIISectionAGrp/PersonNm5Y Marc Belton
IRS990/Form990PartVIISectionAGrp/PersonNm6Anne Bjerken
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael Boardman
IRS990/Form990PartVIISectionAGrp/PersonNm8Terri Bonoff
IRS990/Form990PartVIISectionAGrp/PersonNm9Blythe Brenden
IRS990/Form990PartVIISectionAGrp/PersonNm10Peter Brew
IRS990/Form990PartVIISectionAGrp/PersonNm11James Chosy
IRS990/Form990PartVIISectionAGrp/PersonNm12Richard Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm13Jane Confer
IRS990/Form990PartVIISectionAGrp/PersonNm14David Cox
IRS990/Form990PartVIISectionAGrp/PersonNm15Fran Davis
IRS990/Form990PartVIISectionAGrp/PersonNm16David Dines
IRS990/Form990PartVIISectionAGrp/PersonNm17William George
IRS990/Form990PartVIISectionAGrp/PersonNm18Pierson Grieve
IRS990/Form990PartVIISectionAGrp/PersonNm19Polly Grose
IRS990/Form990PartVIISectionAGrp/PersonNm20Thomas Hanson
IRS990/Form990PartVIISectionAGrp/PersonNm21Todd Hartman
IRS990/Form990PartVIISectionAGrp/PersonNm22Matthew Hemsley
IRS990/Form990PartVIISectionAGrp/PersonNm23Randall Hogan
IRS990/Form990PartVIISectionAGrp/PersonNm24Barry Huff
IRS990/Form990PartVIISectionAGrp/PersonNm25David Hurrell
IRS990/Form990PartVIISectionAGrp/PersonNm26Liesl Hyde
IRS990/Form990PartVIISectionAGrp/PersonNm27Rodney Jordan
IRS990/Form990PartVIISectionAGrp/PersonNm28John Junek
IRS990/Form990PartVIISectionAGrp/PersonNm29Eric Kaler
IRS990/Form990PartVIISectionAGrp/PersonNm30Mark Kenyon
IRS990/Form990PartVIISectionAGrp/PersonNm31Jay Kiedrowski
IRS990/Form990PartVIISectionAGrp/PersonNm32Peter Kitchak
IRS990/Form990PartVIISectionAGrp/PersonNm33Jodee Kozlak
IRS990/Form990PartVIISectionAGrp/PersonNm34Neil Lapidus
IRS990/Form990PartVIISectionAGrp/PersonNm35Kathy Lenzmeier
IRS990/Form990PartVIISectionAGrp/PersonNm36Helen Liu
IRS990/Form990PartVIISectionAGrp/PersonNm37Anne Miller
IRS990/Form990PartVIISectionAGrp/PersonNm38Jennifer Melin Miller
IRS990/Form990PartVIISectionAGrp/PersonNm39Margarette Minor

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$9.26$151$36.1$33.9$2.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$153$8.99$144$37.4$36.1$1.27
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$157$15.2$142$38.8$29.5$9.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$167$18.7$148$17.9$16.4$1.54
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$15.5$135$18.7$25.9$7.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$155$14.3$141$24.7$31.0$6.30
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$13.6$148$38.5$32.2$6.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$153$12.5$141$26.3$31.2$4.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$163$20.9$143$25.4$29.5$4.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$166$20.6$145$25.5$31.8$6.38
2014Detailed filing. Detailed filing data is available for this year.$180$22.4$157$44.6$29.6$15.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$24.7$141$25.2$30.9$5.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$167$25.5$142$32.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$173$26.6$146$30.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$24.6$141$27.9