Hennepin Theatre Trust

“The executive committee consists of the board chair, vice-chair, president, treasurer, and committee chairs of the governance committee and development committee. The executive committee is charged with fulfilling the board's function when the board is not in session.”

“The form 990 is prepared by the organization's independent accounting firm based on information provided by management. Once the return is prepared and reviewed by finance staff, it is then made available for each trustee of the board to review. The board and finance chair will give the final approval of the return before filing.”

“The organization's conflict of interest policy governs the activities of the board of trustees, officers, and staff. Annually, the board of trustees complete a disclosure form identifying any relationships, positions, or circumstances in which s/he is involved that would contribute to a conflict of interest. Any identified conflicts of interest are evaluated on a case-by-case basis by the president/ceo. If a conflict is identified, that individual will be excluded from participating in decisions related to the conflict. All staff and board trustees are expected to conduct their activities in ways that avoid the appearance of a conflict of interest, or actual loss or embarrassment to the organization.”

“Compensation process for top official: a 360 degree evaluation of the president/ceo is performed by the staff and the board. Compensation data of comparable organizations in comparable markets is pulled together by the board chair and vice chair. In consultation with the executive committee, compensation is determined and approved by the board. Htt has access to ams online, a database containing salary data for all positions at various performing art centers nationwide. On an annual basis htt utilizes the database to review salaries for various staff. This process was most recently completed in 2022. Compensation for other officers & key employees: a salary analysis is completed by oasis deg (hr provider), reviewed by relevant staff, and approved by the ceo/president.”

“Governing documents, conflict of interest policy, and financial statements are made available upon request.”

“In december 2021, hennepin theatre trust purchased the assets of the brave new workshop (bnw) comedy theatre as well as the building located at 824 hennepin avenue in downtown minneapolis, now known as the dudley riggs theatre. The brave new workshop is now in its 64th year of crafting audacious and original satirical sketch comedy and improvisation. Founded in 1958, the brave new workshop is the longest running comedy theatre in the united states.”

“Other professional fees: program service expenses 17,821,946. Management and general expenses 257,286. Fundraising expenses 66,867. Total expenses 18,146,099.”

“The audit oversight process has not changed from the prior year.”