Civic Intelligence

The National Foundation for Musical Theatre Inc.

990 • Fiscal year 2023 • EIN 83-1537885

Jan 01, 2023 to Dec 31, 2023 • Filed on May 03, 2024

Organization ProfileWWW.THENFMT.ORG
202 N Cedar Avenue Suite 1Owatonna, MN 55060

(612) 408-7533

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

80th percentile

27%

Higher net margin than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$12,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

54th percentile

5.6%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$649,288

Up $34,686 (+5.6%) from 2022

Net Assets

Up

$648,660

Up $34,370 (+5.6%) from 2022

Liabilities

Up

$628

Up $316 (+101%) from 2022

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin80th percentile

Revenue

Up

$65,780

Up $77,575 (+658%) from 2022

Expenses

Up

$47,773

Up $8,977 (+23%) from 2022

Net Income

Up

$18,007

Up $68,598 (+136%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$800K$600K$400K$200K$0Assets 2021: $756,809Liabilities 2021: $481Net Assets 2021: $756,3282021Assets 2022: $614,602Liabilities 2022: $312Net Assets 2022: $614,2902022Assets 2023: $649,288Liabilities 2023: $628Net Assets 2023: $648,6602023Assets 2024: $650,751Liabilities 2024: $655Net Assets 2024: $650,0962024

Highlighted filing

2023

Assets$649,288
Liabilities$628
Net Assets$648,660
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $780,204Expenses 2021: $17,926Net Income 2021: $762,2782021Revenue 2022: -$11,795Expenses 2022: $38,796Net Income 2022: -$50,5912022Revenue 2023: $65,780Expenses 2023: $47,773Net Income 2023: $18,0072023Revenue 2024: $33,930Expenses 2024: $52,664Net Income 2024: -$18,7342024

Highlighted filing

2023

Revenue$65,780
Expenses$47,773
Net Income$18,007
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 3, 2024
Return Version
2023v5.0
Gross Receipts
$328,612
Mission and Program Overview

Mission

Americans for quality arts learning seeks to ensure every k-12 student receives a quality arts education. We do this by providing teachers and administrators of the visual and performing arts the resources they need to serve students most in need.

To support the development, production, and appreciation of musical theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$612,896$643,865▲ $30,969
Cash and Non-Interest-Bearing Accounts$1,606$5,342▲ $3,736
Prepaid Expenses and Deferred Charges$100$81▼ $19
Total Assets$614,602$649,288▲ $34,686
Liabilities
Accounts Payable and Accrued Expenses$312$628▲ $316
Total Liabilities$312$628▲ $316
Net Assets / Fund Balance
Net Assets With Donor Restrictions$265,785$378,311▲ $112,526
Net Assets Without Donor Restrictions$348,505$270,349▼ $78,156
Total Net Assets Fund Balance$614,290$648,660▲ $34,370
Total Liabilities and Net Assets / Fund Balance$614,602$649,288▲ $34,686

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$348,505-▲ $29,806-$378,311
2022$407,215-▼ $58,710-$348,505
2021-$400,000▲ $7,215-$407,215
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John ThewPresidentPT$12,000$12,000

Board Members and Trustees

NameTitle
Troy BermelVice President
Sibyl GruhlSecretary
Elizabeth WenzelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,446
Program Service Revenue
$0
Investment Income
$63,263
Other Revenue
$71
All Other Contributions
$2,446
Change in Net Assets
$18,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,273
Grants and Similar Amounts Paid$16,500
Salaries, Compensation, and Employee Benefits$12,000
Total Fundraising Expense$4,467
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,500--$16,500
Current Officers, Directors, Trustees, and Key Employees$9,000$600$2,400$12,000
Fees for Service Investment Mgmnt Fees-$5,657-$5,657
Information Technology-$2,769$1,901$4,670
Travel-$3,803-$3,803
Office Expenses-$2,737$47$2,784
Fees for Services Accounting-$1,185-$1,185
Fees for Services Other-$254-$254
Advertising--$119$119
Other Expenses-$11-$11
Total Functional Expenses$25,500$17,806$4,467$47,773
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Alliance for Musical TheatreNew York, NY501(c)(3)Namt Producing Sponsorship - 34th Annual Festival of Musicals$10,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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 A, Line 2

“John thew and elizabeth wenzel - family relationship”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees.”

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 return is provided to the president to review and edit as necessary. Once any changes have been made, a revised draft of the 990 return is provided to the board of directors at the annual meeting. Once approved by the board of directors, the 990 return is filed with the internal revenue service.”

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

“The board of directors are required to sign a conflict of interest policy statement each year. The board reviews the policy as needed.”

Form 990, Part VI, Section B, Line 15A

“Compensation of the president is budgeted for by the board of directors on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
The National Foundation for Musical
EIN
83-1537885
Phone
6124087533
Address
202 N CEDAR AVENUE SUITE 1, OWATONNA, MN 55060

Signing Officer

Name
John Thew
Title
President
Phone
6124087533
Signed
2024-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Thew
Formed
2018
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Akins Henke and Company
Address
600 INWOOD AVENUE NORTH SUITE 160, OAKDALE, MN 55128
Preparer
Chris J Henke
Phone
6516363806
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The organization will maintain the original balance of the $400,000 endowment gift that was received. Earnings on the endowment fund are to be used to support the operations of the organzation.”

Raw XML Appendix373 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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IRS990/Desc0WE FUND READINGS, WORKSHOPS, AND MUSICAL THEATRE PRODUCTIONS ACROSS THE COUNTRY. THROUGH OUR PROGRAMS, WE ENCOURAGE ACTIVITIES THAT UNITE AND HEAL THE NATION THROUGH MUSICAL THEATRE, AND EDUCATE THE NEXT GENERATION TO THE EXTRAORDINARY IMPACT THIS ART FORM CAN HAVE ON OUR CULTURE. THE NATIONAL FOUNDATION FOR MUSICAL THEATRE AWARDS GRANTS FOR THE PRODUCTION OR PRESENTATION OF NEW MUSICALS, WORKS FROM THE EXISTING CANON, DEVELOPMENT LABORATORIES, SHOWCASES, AND ARTIST RESIDENCIES.
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IRS990/MissionDesc0THE NATIONAL FOUNDATION FOR MUSICAL THEATRE IS A COMMUNITY OF PRODUCERS, INSTITUTIONS, AND MUSICAL THEATRE ENTHUSIASTS SUPPORTING THE DEVELOPMENT, PRODUCTION, AND APPRECIATION OF MUSICAL THEATRE. WE UNDERSTAND THAT IT OFTEN TAKES HUNDREDS OF THOUSANDS OF DOLLARS TO DEVELOP A SINGLE MUSICAL. TRY TO MOVE THAT SHOW TO BROADWAY AND IT CAN TAKE MILLIONS OF DOLLARS MORE. WHILE THIS IS TYPICALLY MORE THAN ONE PERSON OR INSTITUTION CAN AFFORD ON THEIR OWN, IF WE POOL OUR RESOURCES, TOGETHER WE CAN MAKE A TREMENDOUS IMPACT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL MAINTAIN THE ORIGINAL BALANCE OF THE $400,000 ENDOWMENT GIFT THAT WAS RECEIVED. EARNINGS ON THE ENDOWMENT FUND ARE TO BE USED TO SUPPORT THE OPERATIONS OF THE ORGANZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0NAMT PRODUCING SPONSORSHIP - 34TH ANNUAL FESTIVAL OF MUSICALS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO PROCEDURES FOR MONITORING USE OF GRANTS OTHER THAN THROUGH INSPECTION OF GRANTEES WEB SITE WHICH WILL LIST THE ACTIVITIES WE HAVE FUNDED.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN THEW AND ELIZABETH WENZEL - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE 990 RETURN IS PROVIDED TO THE PRESIDENT TO REVIEW AND EDIT AS NECESSARY. ONCE ANY CHANGES HAVE BEEN MADE, A REVISED DRAFT OF THE 990 RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE 990 RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT EACH YEAR. THE BOARD REVIEWS THE POLICY AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE PRESIDENT IS BUDGETED FOR BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/StatesWhereCopyOfReturnIsFldCd1CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0614602
IRS990/TotalAssetsEOYAmt0649288
IRS990/TotalAssetsGrp/BOYAmt0614602
IRS990/TotalAssetsGrp/EOYAmt0649288
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02446
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04467
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017806
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025500
IRS990/TotalFunctionalExpensesGrp/TotalAmt047773
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0312
IRS990/TotalLiabilitiesEOYAmt0628
IRS990/TotalLiabilitiesGrp/BOYAmt0312
IRS990/TotalLiabilitiesGrp/EOYAmt0628
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0614290
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0648660
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt025500
IRS990/TotalReportableCompFromOrgAmt012000
IRS990/TotalRevenueGrp/ExclusionAmt063334
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065780
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0614602
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0649288
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03803
IRS990/TravelGrp/TotalAmt03803
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02370 DISCOVERY PARKWAY
IRS990/USAddress/CityNm0SUPERIOR
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080027
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.THENFMT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN THEW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06124087533
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NATIONAL FOUNDATION FOR MUSICAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THEATRE INC
ReturnHeader/Filer/BusinessNameControlTxt0NATI
ReturnHeader/Filer/EIN0831537885
ReturnHeader/Filer/PhoneNum06124087533
ReturnHeader/Filer/USAddress/AddressLine1Txt0202 N CEDAR AVENUE SUITE 1
ReturnHeader/Filer/USAddress/CityNm0OWATONNA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055060
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463220328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AKINS HENKE AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 INWOOD AVENUE NORTH SUITE 160
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055128
ReturnHeader/PreparerPersonGrp/PhoneNum06516363806
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS J HENKE
ReturnHeader/ReturnTs02024-05-07T10:29:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THEW
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$649,288
Liabilities
$628
Net assets
$648,660
Revenue
$65,780
Expenses
$47,773
Net income
$18,007
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.51$0.01$6.50$0.34$0.53$0.19
2023Detailed filing. Detailed filing data is available for this year.$6.49$0.01$6.49$0.66$0.48$0.18
2022Detailed filing. Detailed filing data is available for this year.$6.15$0.00$6.14$0.12$0.39$0.51
2021Detailed filing. Detailed filing data is available for this year.$7.57$0.00$7.56$7.80$0.18$7.62