Civic Intelligence

Blue Mound Area Theatre

990 • Fiscal year 2020 • EIN 41-1372640

Mar 01, 2019 to Feb 29, 2020 • Filed on Oct 14, 2020

Organization ProfilePALACETHEATRE.US
127 E Main PO Box 541Luverne, MN 56156-0541

(507) 283-9546

Siviq Scores

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

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.16x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

14th percentile

-26%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

16th percentile

-6.5%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

24%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$542,765

Down $37,601 (-6.5%) from 2019

Net Assets

Down

$505,632

Down $61,224 (-11%) from 2019

Liabilities

Up

$37,133

Up $23,623 (+175%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin14th percentile

Revenue

Up

$236,311

Up $45,289 (+24%) from 2019

Expenses

Up

$297,535

Up $64,540 (+28%) from 2019

Net Income

Down

-$61,224

Down $19,251 (-46%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$1.0M$500K$0Assets 2010: $934,198Liabilities 2010: $398,085Net Assets 2010: $536,1132010Assets 2012: $841,739Liabilities 2012: $243,370Net Assets 2012: $598,3692012Assets 2013: $880,925Liabilities 2013: $226,614Net Assets 2013: $654,3112013Assets 2014: $893,061Liabilities 2014: $176,413Net Assets 2014: $716,6482014Assets 2015: $827,035Liabilities 2015: $139,575Net Assets 2015: $687,4602015Assets 2016: $748,285Liabilities 2016: $76,509Net Assets 2016: $671,7762016Assets 2017: $682,289Liabilities 2017: $29,171Net Assets 2017: $653,1182017Assets 2018: $630,249Liabilities 2018: $21,420Net Assets 2018: $608,8292018Assets 2019: $580,366Liabilities 2019: $13,510Net Assets 2019: $566,8562019Assets 2020: $542,765Liabilities 2020: $37,133Net Assets 2020: $505,6322020Assets 2021: $544,206Liabilities 2021: $30,942Net Assets 2021: $513,2642021Assets 2022: $526,594Liabilities 2022: $24,615Net Assets 2022: $501,9792022Assets 2023: $432,587Liabilities 2023: $18,149Net Assets 2023: $414,4382023Assets 2024: $416,242Liabilities 2024: $39,730Net Assets 2024: $376,5122024Assets 2025: $371,657Liabilities 2025: $10,214Net Assets 2025: $361,4432025

Highlighted filing

2020

Assets$542,765
Liabilities$37,133
Net Assets$505,632
Open 2020 Filing

Operations Trend

Revenue Growth76th percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $224,660Expenses 2010: $163,322Net Income 2010: $61,3382010Revenue 2012: $186,919Expenses 2012: $177,647Net Income 2012: $9,2722012Revenue 2013: $233,565Expenses 2013: $177,623Net Income 2013: $55,9422013Revenue 2014: $245,498Expenses 2014: $183,161Net Income 2014: $62,3372014Revenue 2015: $198,085Expenses 2015: $227,273Net Income 2015: -$29,1882015Revenue 2016: $188,922Expenses 2016: $204,606Net Income 2016: -$15,6842016Revenue 2017: $192,670Expenses 2017: $211,328Net Income 2017: -$18,6582017Revenue 2018: $194,228Expenses 2018: $238,517Net Income 2018: -$44,2892018Revenue 2019: $191,022Expenses 2019: $232,995Net Income 2019: -$41,9732019Revenue 2020: $236,311Expenses 2020: $297,535Net Income 2020: -$61,2242020Revenue 2021: $174,526Expenses 2021: $166,894Net Income 2021: $7,6322021Revenue 2022: $224,948Expenses 2022: $236,233Net Income 2022: -$11,2852022Revenue 2023: $157,076Expenses 2023: $244,617Net Income 2023: -$87,5412023Revenue 2024: $247,767Expenses 2024: $285,693Net Income 2024: -$37,9262024Revenue 2025: $243,556Expenses 2025: $258,625Net Income 2025: -$15,0692025

Highlighted filing

2020

Revenue$236,311
Expenses$297,535
Net Income-$61,224
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2019 to Feb 29, 2020
Signed
Oct 14, 2020
Return Version
2019v5.0
Gross Receipts
$236,311
Mission and Program Overview

Mission

Operate and rehabilitate a historic theater.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$544,297$477,077▼ $67,220
Savings and Temporary Cash Investments-$60,000-
Cash and Non-Interest-Bearing Accounts$36,069$5,688▼ $30,381
Total Assets$580,366$542,765▼ $37,601
Liabilities
Other Liabilities$13,510$37,133▲ $23,623
Total Liabilities$13,510$37,133▲ $23,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$566,856$505,632▼ $61,224
Total Net Assets Fund Balance$566,856$505,632▼ $61,224
Total Liabilities and Net Assets / Fund Balance$580,366$542,765▼ $37,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$380,576$671,928$1,052,504
Other Land Buildings$91,501$115,217$206,718
Equipment-$8,592$8,592
Land$5,000-$5,000
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Louella VoigtPresident
Bill StegemannDirector
David VisDirector
Deb AanensonDirector
Diane OssenfortDirector
Eugene MarshallDirector
Jim JuhlDirector
Lorna BryanDirector
Mark VanaartsenDirector
Molly CarbonneauDirector
Verlyn Van BataviaDirector
Heidi SehrSecretary
Ladonna VanaartsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$76,991
Program Service Revenue
$159,320
Investment Income
$0
Other Revenue
$0
All Other Contributions
$75,741
Change in Net Assets
$-61,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$297,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$67,220--$67,220
Occupancy$30,306--$30,306
Advertising$18,253--$18,253
All Other Expenses$3,989--$3,989
Other Expenses$3,702--$3,702
Fees for Services Accounting$1,246--$1,246
Interest$518--$518
Total Functional Expenses$297,535$0$0$297,535
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable-city of Luverne$29,177
Note Payable - City of Luverne$7,956
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“PROVIDED UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Blue Mound Area Theater
EIN
41-1372640
Phone
5072839546
Address
127 E MAIN PO BOX 541, LUVERNE, MN 56156-0541

Signing Officer

Name
Ladonna Vanaartsen
Title
Treasurer
Signed
2020-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ladonna Vanaartsen
Formed
1971
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
40

Preparer

Firm
Meulebroeck Taubert & Co Pllp
Address
109 S FREEMAN AVE, LUVERNE, MN 56156-0685
Preparer
David W Friedrichsen
Phone
5072834055
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Funds used to rehab a historic theater”

Form 990, Page 5, Part V, Line 3B

“The organization continues to operate an historic theatre, but it is not conducted with any intent to make a profit and is operated in conjunction with its primary purpose.”

Raw XML Appendix389 raw XML fields

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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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0303808
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0380576
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0671928
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01052504
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08592
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08592
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt091501
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0115217
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0206718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE-CITY OF LUVERNE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - CITY OF LUVERNE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0477077
IRS990ScheduleD/TotalLiabilityAmt037133
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FUNDS USED TO REHAB A HISTORIC THEATER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONTINUES TO OPERATE AN HISTORIC THEATRE, BUT IT IS NOT CONDUCTED WITH ANY INTENT TO MAKE A PROFIT AND IS OPERATED IN CONJUNCTION WITH ITS PRIMARY PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0580366
IRS990/TotalAssetsEOYAmt0542765
IRS990/TotalAssetsGrp/BOYAmt0580366
IRS990/TotalAssetsGrp/EOYAmt0542765
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt076991
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0297535
IRS990/TotalFunctionalExpensesGrp/TotalAmt0297535
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013510
IRS990/TotalLiabilitiesEOYAmt037133
IRS990/TotalLiabilitiesGrp/BOYAmt013510
IRS990/TotalLiabilitiesGrp/EOYAmt037133
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0566856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0505632
IRS990/TotalOtherProgSrvcExpenseAmt0297535
IRS990/TotalProgramServiceExpensesAmt0297535
IRS990/TotalProgramServiceRevenueAmt0159320
IRS990/TotalRevenueGrp/ExclusionAmt0159320
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236311
IRS990/TotalVolunteersCnt040
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0542765
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LUVERNE
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056156
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LADONNA VANAARTSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLUE MOUND AREA THEATER
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0411372640
ReturnHeader/Filer/PhoneNum05072839546
ReturnHeader/Filer/USAddress/AddressLine1Txt0127 E MAIN PO BOX 541
ReturnHeader/Filer/USAddress/CityNm0LUVERNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId093A9A4F598B133667CE5A39CEDB672D18B65B81B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.179.170.114
ReturnHeader/FilingSecurityInformation/IPDt02020-12-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:06:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411987097
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MEULEBROECK TAUBERT & CO PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 S FREEMAN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUVERNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0561560685
ReturnHeader/PreparerPersonGrp/PhoneNum05072834055
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W FRIEDRICHSEN
ReturnHeader/ReturnTs02020-12-23T09:06:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-03-01
ReturnHeader/TaxPeriodEndDt02020-02-29
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$542,765
Liabilities
$37,133
Net assets
$505,632
Revenue
$236,311
Expenses
$297,535
Net income
-$61,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.72$0.10$3.61$2.44$2.59$0.15
2024Detailed filing. Detailed filing data is available for this year.$4.16$0.40$3.77$2.48$2.86$0.38
2023Detailed filing. Detailed filing data is available for this year.$4.33$0.18$4.14$1.57$2.45$0.88
2022Detailed filing. Detailed filing data is available for this year.$5.27$0.25$5.02$2.25$2.36$0.11
2021Detailed filing. Detailed filing data is available for this year.$5.44$0.31$5.13$1.75$1.67$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.43$0.37$5.06$2.36$2.98$0.61
2019Summary only. Only limited summary data is available for this year.$5.80$0.14$5.67$1.91$2.33$0.42
2018Summary only. Only limited summary data is available for this year.$6.30$0.21$6.09$1.94$2.39$0.44
2017Summary only. Only limited summary data is available for this year.$6.82$0.29$6.53$1.93$2.11$0.19
2016Summary only. Only limited summary data is available for this year.$7.48$0.77$6.72$1.89$2.05$0.16
2015Summary only. Only limited summary data is available for this year.$8.27$1.40$6.87$1.98$2.27$0.29
2014Summary only. Only limited summary data is available for this year.$8.93$1.76$7.17$2.45$1.83$0.62
2013Summary only. Only limited summary data is available for this year.$8.81$2.27$6.54$2.34$1.78$0.56
2012Summary only. Only limited summary data is available for this year.$8.42$2.43$5.98$1.87$1.78$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.34$3.98$5.36$2.25$1.63$0.61