2020-05-13T11:23:34-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-07-01 412017278 HENNEPIN THEATRE TRUST HENN 6124559500 900 HENNEPIN AVENUE MINNEAPOLIS MN 55403 MARK NERENHAUSEN PRESIDENT/CEO 6124559500 2020-05-01 1 JENNIFER TINGLEY P01485570 6123764500 2020-05-01 67.137.57.251 2020-05-01 09:11:38 CD P 9C1DED54EE6A56468881F41BE7A7DD662CF8FCB7 BA838E0DBCBAA7CAAE0C9EFA9D0B0445DB4BBA38 2018 2020-09-23 17:36:50Z MARK NERENHAUSEN 900 HENNEPIN AVENUE MINNEAPOLIS MN 55403 49606458 0 X WWW.HENNEPINTHEATRETRUST.ORG X 2000 MN HENNEPIN THEATRE TRUST DRIVES CULTURAL AND ECONOMIC VITALITY IN MINNESOTA THROUGH LEADERSHIP OF THE DYNAMIC HENNEPIN THEATRE DISTRICT IN DOWNTOWN MINNEAPOLIS AND EDUCATIONAL PROGRAMMING THAT REACHES EVERY AREA OF THE STATE. ITS HISTORIC THEATRES -- ORPHEUM, STATE AND PANTAGES -- AND THE NEW EVENT CENTER AT 900 HENNEPIN AVENUE LIGHT UP HENNEPIN AVENUE WITH TOP-TIER ENTERTAINMENT, INCLUDING THE BEST OF BROADWAY AND A WIDE VARIETY OF ARTS PROGRAMMING. THE TRUST IS A NONPROFIT 501 (C) (3) ORGANIZATION. 18 17 73 403 -12638 2332 7015121 4867022 23445773 44540777 3310 30561 24864 27313 30489068 49465673 0 0 0 0 2735061 2940822 110880 52054 1188284 25119199 44417192 27965140 47410068 2523928 2055605 23836955 25133806 20061631 19302877 3775324 5830929 X THE TRUST'S MISSION IS TO CREATE POSITIVE CHANGE THROUGH THE ARTS BY BRINGING TOGETHER PEOPLE, BUSINESSES AND ORGANIZATIONS TO CREATE AND ENJOY CULTURAL EXPERIENCES. 0 0 42562153 0 44393440 PROGRAMMING:HENNEPIN THEATRE TRUST PROTECTS AND PRESERVES THE IMPORTANT HISTORIC ARTS DISTRICT AND IMPROVES THE EXPERIENCE FOR ALL WHO WORK, PLAY, LIVE OR VISIT DOWNTOWN.WE BRING BROADWAY'S LEADING PROFESSIONAL PRODUCTIONS TO MINNESOTA AUDIENCES. ANNUALLY, SHOWS SUCH AS HAMILTON, WICKED, FROZEN, DEAR EVAN HANSEN AND COME FROM AWAY ATTRACT NEARLY 350,000 PEOPLE TO DOWNTOWN MINNEAPOLIS FOR INSPIRING ENTERTAINMENT IN OUR HISTORIC THEATRES. IN ADDITION, OUR THREE HISTORIC THEATRES ATTRACT A DIVERSE ARRAY OF TODAY'S BRIGHTEST MUSIC, DANCE AND COMEDIC TALENT, INCLUDING DAVID BYRNE, AMOS LEE, SOUNDS OF BLACKNESS, IRA GLASS, DANCING WITH THE STARS, BRAZILIAN SINGER SEU JORGE, PAUL REISER AND ALI WONG. COMBINED, OUR DIVERSE THEATRE PROGRAMMING BRINGS MORE THAN 600,000 PEOPLE TO DOWNTOWN MINNEAPOLIS FROM AROUND THE UPPER MIDWEST REGION AND BEYOND. LAST YEAR, THE TRUST SPENT $3.7M ON THE LOCAL CREATIVE ECONOMY, INCLUDING $2M FOR LOCAL ARTISTS AND TECHNICIANS. AS LEADERS OF THE HENNEPIN THEATRE DISTRICT, WE BRING TOGETHER A WIDE RANGE OF STAKEHOLDERS ON NUMEROUS PROJECTS, AND DEVELOP PUBLIC-PRIVATE PARTNERSHIPS THAT UNLOCK POSITIVE SOLUTIONS TO CHALLENGES IN DOWNTOWN SUCH AS BUSINESS VACANCIES, HOMELESSNESS, SAFETY AND YOUTH UNEMPLOYMENT."HENNEPIN THEATRE TRUST IS A PROVEN AND TRUSTED PARTNER IN MAKING A POSITIVE DIFFERENCE IN THE LIVES OF EVERYONE WHO ENJOYS DOWNTOWN MINNEAPOLIS." INSPECTOR MICHAEL SULLIVAN, MINNEAPOLIS POLICE DEPARTMENT 560574 0 229 PUBLIC ART:HENNEPIN THEATRE TRUST TRANSFORMS THE PLACES AND SPACES THAT MAKE THE HENNEPIN THEATRE DISTRICT A VIBRANT, WELCOMING AND SAFE PLACE FOR ALL TO ENJOY THROUGH OUR PUBLIC ART PROGRAM, THE LARGEST IN THE MIDWEST. OUTSIDE OUR THEATRES, WE CONNECT PEOPLE TO UNEXPECTED ARTS AND CULTURAL EXPERIENCES SUCH AS THE ICONIC BOB DYLAN MURAL, LARGE-SCALE BANNERS, ART IN UNDERUSED SPACES, AND LIVE ARTS AND CULTURAL EVENTS THROUGHOUT THE THEATRE DISTRICT. OUR FREE MUSICAL SERIES, TITLED 5 TO 10 ON HENNEPIN AND CREATED WITH KEY PARTNERS, HELPS INCREASE PUBLIC SAFETY AND BENEFITS HOMELESS YOUTH AND ADULTS IN THE DISTRICT. THE MONTHLY EVENT BRINGS LIVE MUSIC AND ART EXPERIENCES TO OUTDOORS SPACES ON HENNEPIN AVENUE, AND PROVIDES ATTENDEES WITH FOOD AND CONNECTIONS TO SOCIAL SERVICES. IT RECENTLY RECEIVED GRANT FUNDING FROM THE CITY OF MINNEAPOLIS OFFICE FOR VIOLENCE PREVENTION THAT ALLOWED US TO EXTEND THE SERIES THROUGH THE FALL MONTHS, HOSTING THE EVENTS INDOORS AT OUR EVENT CENTER. IN 2018, WE LAUNCHED THE "IT'S THE PEOPLE" INITIATIVE, INSPIRED BY THE PEOPLE WHOSE EXPERIENCES AND STORIES CREATE THE UNIQUE VIBRANCY OF HENNEPIN AVENUE. THE MAJOR PUBLIC ART PROJECT CAPTURES THE HEART AND SOUL OF MINNEAPOLIS' MOST FAMOUS STREET THROUGH NINE LARGE-SCALE BANNERS DISPLAYED ON FIVE BUILDINGS BETWEEN 5TH AND 10TH STREETS ALONG HENNEPIN AVENUE. 771993 0 18784 EDUCATION:HENNEPIN THEATRE TRUST'S SPOTLIGHT EDUCATION PROGRAM IS AN ESSENTIAL PART OF ARTS EDUCATION IN MANY MINNESOTA SCHOOLS. ANNUALLY, WE HELP NEARLY 8,000 STUDENTS IN MORE THAN 100 URBAN, SUBURBAN AND RURAL HIGH SCHOOLS THROUGH THE STATE BUILD CONFIDENCE, CRITICAL THINKING, EMPATHY, SENSE OF COMMUNITY AND KNOWLEDGE OF MUSICAL THEATER. THE PROGRAM SUPPLEMENTS AND ENHANCES ARTS CURRICULA THROUGH PRODUCTION ASSESSMENTS, MASTERCLASSES AND THEATER REVIEW WRITING, INCREASING EQUITABLE ACCESS TO QUALITY MUSICAL THEATER EDUCATION. SPOTLIGHT SHOWCASE, OUR ANNUAL RECOGNITION EVENT, IS MINNESOTA'S LARGEST CELEBRATION OF HIGH SCHOOL MUSICAL THEATER AND PROVIDES 1,600 STUDENTS THE OPPORTUNITY TO PERFORM AT THE HISTORIC STATE THEATRE. EACH YEAR, WE SELECT TOP PERFORMERS AND ESCORT THEM TO PARTICIPATE IN THE JIMMY AWARDS IN NEW YORK CITY. MUCH OF THE ACTIVITY AROUND MASTERCLASSES AND OTHER EVENTS TAKE PLACE AT OUR EVENT CENTER, WHERE STUDENTS HAVE CLOSE ACCESS TO OUR CITY'S THREE HISTORIC THEATRES. 539033 0 115169 COMMUNITY ENGAGEMENT:SINCE OPENING THE EVENT CENTER IN 2018, WE HAVE DEEPENED OUR PARTNERSHIPS AND ENHANCED OUR COMMUNITY IMPACT. THIS NEW SPACE CREATED MUCH-NEEDED VENUES FOR SMALL ARTS ORGANIZATION AND INDIVIDUAL ARTISTS IN ADDITION TO OUR OWN WORKSHOPS AND CONVENINGS. WE HAVE WORKED WITH NUMEROUS LOCAL NONPROFITS TO CO-HOST EVENTS AND EDUCATIONAL EXPERIENCES, AND OUR SPACE HAS HOSTED IMPORTANT COMMUNITY EVENTS WITH CIVIC PARTNERS. TO COINCIDE WITH THE MINNESOTA PREMIERE OF HAMILTON IN AUGUST 2018, THE TRUST PILOTED A PROJECT TO ENGAGE YOUTH IN HONEST DIALOGUES ABOUT DIVERSITY IN THE PERFORMING ARTS AND NURTURE SKILLS FOR SELF-EXPRESSION.TO COINCIDE WITH BROADWAY'S DEAR EVAN HANSON IN JUNE 2019, WE PARTNERED WITH FRASER TO ORGANIZE A PANEL OF EXPERTS TO EXAMINE ISSUES OF MENTAL HEALTH THAT ARE RAISED IN THE MUSICAL PRODUCTION. IN OCTOBER 2018, WE HOSTED THE CITY OF MINNEAPOLIS' FIFTH ANNUAL TRANS EQUITY SUMMIT.WE HAVE ALSO HOSTED NUMEROUS OTHER ORGANIZATIONS WHO HAVE SOUGHT OUT OUR SPACE SPECIFICALLY FOR OUR COMMITMENT TO EQUITY, DIVERSITY AND INCLUSION. THESE INCLUDE THE NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS, TARGET CORPORATION AND BANK OF AMERICA. THE TRUST WORKED WITH MORE THAN 400 VOLUNTEERS LAST YEAR TO PROVIDE ENGAGING ARTS EXPERIENCES FOR ITS AUDIENCES. THE TRUST PROVIDES COMPLIMENTARY TICKETS TO THOUSANDS OF COMMUNITY MEMBERS EACH YEAR WHO OTHERWISE COULD NOT AFFORD TO ATTEND OUR EVENTS THROUGH PARTNERSHIPS WITH AN ESTIMATED 30 NONPROFIT ORGANIZATIONS. 539033 0 115169 44433753 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 197 0 73 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X MARK NERENHAUSEN 6124559510 900 HENNEPIN AVE MINNEAPOLIS MN 55403 JAY NOVAK BOARD CHAIR 5.00 X X 0 0 0 TRAVIS BARKVE VICE CHAIR & TREASURER 1.00 X X 0 0 0 SYL JONES SECRETARY 1.00 X X 0 0 0 JUDY BLASEG DEVELOPMENT CHAIR 1.00 X X 0 0 0 MARK MARJALA CHAIR-BOARD AFFAIRS 1.00 X X 0 0 0 SCOTT BENSON TRUSTEE 1.00 X 0 0 0 BARBARA BRIN TRUSTEE 1.00 X 0 0 0 ANDREA CHRISTENSON TRUSTEE 1.00 X 0 0 0 MICHELE ENGDAHL TRUSTEE 1.00 X 0 0 0 GLORIA FREEMAN TRUSTEE 1.00 X 0 0 0 KATHLEEN GULLICKSON TRUSTEE 1.00 X 0 0 0 JEREMY JACOBS TRUSTEE 1.00 X 0 0 0 JEANNIE JOAS TRUSTEE 1.00 X 0 0 0 BARBARA KLASS TRUSTEE 1.00 X 0 0 0 JAMES LINNETT TRUSTEE - THROUGH DEC 2018 1.00 X 0 0 0 ANNETTE THOMPSON MEEKS TRUSTEE 1.00 X 0 0 0 ANDREA MOKROS TRUSTEE 1.00 X 0 0 0 ANN SIMONDS TRUSTEE 1.00 X 0 0 0 TOM VITT TRUSTEE - THROUGH DEC 2018 1.00 X 0 0 0 MARK NERENHAUSEN PRESIDENT/CEO 50.00 X 281999 0 25017 JIM LANGEMO CHIEF ADMINISTRATIVE OFFICER 50.00 X 134487 0 13740 MATTHEW NIELSEN FORMER DIRECTOR OF DEVELOPMENT 40.00 X 100058 0 8887 516544 0 47644 3 0 1 0 PHILIP TOUR LLC 1501 BROADWAY 24TH FLOOR NEW YORK NY 10036 PRODUCER 14671240 AUTUMN SMILES 260 WEST 44TH STREET 600 NEW YORK NY 10036 PRODUCER 2825383 LMS TOURING LLC 7135 MINSTREL WAY STE 105 COLUMBIA MD 21045 PRODUCER 2209183 JUMAMOSI TOUR LIMITED 1501 BROADWAY SUITE 1614 NEW YORK NY 10036 PRODUCER 2020668 CALEB THEATRE PRODUCTIONS INC 630 NINTH AVENUE SUITE 1212 NEW YORK NY 10036 PRODUCER 1011534 22 835967 4031055 309240 4867022 SHOW REVENUE 711300 44300759 44300759 SPONSORSHIPS 900099 175101 175101 MARKETING REVENUE 900099 32592 19437 13155 COMMUNITY PROGRAMS 900099 29805 29805 THIRD PARTY SERVICE REVENUE 900099 2520 2520 44540777 36437 36437 78808 5912 67270 9305 11538 -3393 8145 -27769 35914 2536 6100 2512 12000 24 -5900 -5876 -5876 68866 49698 19168 1976 17192 49465673 44527622 -12638 83667 463967 463967 1913108 1001498 462333 449277 50513 34567 9720 6226 323751 165925 89838 67988 189483 103243 50977 35263 47252 37742 9510 29109 29109 52054 52054 191816 108993 82823 15909 9890 2330 3689 491569 216855 239368 35346 62128 47774 13753 601 1187094 1187094 746874 611887 134987 77411 10386 67025 SHOW COSTS 40229661 40229661 COMMUNITY PROGRAM EXPEN 411567 394161 14994 2412 MEMBERSHIP EXPENSE 352259 8166 344093 IN-KIND EXPENSE 309240 225535 83705 265303 78118 89065 98120 47410068 44433753 1788031 1188284 2728126 4707772 810998 706885 1411609 934613 5252 7963 218836 281001 26671550 8175978 18662134 18495572 23836955 25133806 617096 548927 369608 307525 19074927 18446425 20061631 19302877 X 1693444 4030425 2081880 1800504 3775324 5830929 23836955 25133806 2055605 0 X 0 1 X 1 0 X 4727118 4791622 5475943 7015121 4867022 26876826 20312561 21861318 31044567 23431198 44527622 141177266 25039679 26652940 36520510 30446319 49394644 168054092 0 0 0 168054092 4338 4685 2500 88689 121157 221369 4338 4685 2500 88689 121157 221369 470 29048 2332 31850 25044017 26657625 36523480 30564056 49518133 168307311 0.99850 0.99910 0.00130 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 765900 765900 24785294 7504003 17281291 895382 455824 439558 224974 216151 8823 18495572 X 49607213 59065 59065 49548148 -82475 -82475 49465673 47551608 59065 59065 47492543 -82475 -82475 47410068 PART X, LINE 2: THE TRUST QUALIFIES AS A TAX-EXEMPT NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. ACCORDINGLY, INCOME TAXES HAVE NOT BEEN RECORDED. THE TRUST HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION UNDER APPLICABLE ACCOUNTING GUIDANCE. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL -5,900. RENTAL EXPENSES -76,575. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL -5,900. RENTAL EXPENSES -76,575. 1 FOX ADVANCEMENT 807 BROADWAY ST NE SUITE 250 MINNEAPOLIS MN 55413 CAMPAIGN CONSULTING 0 0 52054 0 52054 MN X 0 0 X X X 0 0 0 0 0 1 0 0 0 MARK NERENHAUSEN PRESIDENT/CEO 243599 0 38400 0 0 0 10911 0 14106 0 307016 0 0 0 PART I, LINE 1A SOCIAL CLUB DUES ARE PAID FOR MARK NERENHAUSEN, PRESIDENT/CEO AND ARE NOT INCLUDED IN TAXABLE COMPENSATION PART I, LINE 6 A COMPONENT OF THE CEO'S BONUS COMPENSATION FOR FY19 WAS A NET REVENUE GOAL. X TICKETS 3245 225535 FAIR VALUE X CATERING 31 83705 FAIR VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS ON PART I, COLUMN B. FORM 990, PART III, LINE 1 AS LEADER OF DOWNTOWN MINNEAPOLIS' DYNAMIC HENNEPIN THEATRE DISTRICT, THE TRUST OFFERS A CONCENTRATION OF UNMATCHED CULTURAL ATTRACTIONS THAT DRAW MORE THAN 600,000 PEOPLE ANNUALLY AND ENLIVEN DOWNTOWN FOR MORE THAN 30 MILLION ANNUAL VISITORS. THE ORGANIZATION'S PROGRAMMING AND ACTIVITIES HAVE SIGNIFICANT IMPACT ON THE DOWNTOWN AND STATE ECONOMY, GENERATING $82M IN SPENDING FOR LOCAL BUSINESSES (PARKING, HOTELS, AND RESTAURANTS) LAST YEAR ALONE. OUR SPOTLIGHT EDUCATION PROGRAM REACHES MORE THAN 100 SCHOOLS IN RURAL, URBAN AND SUBURBAN COUNTIES, INCREASING EQUITABLE ACCESS TO QUALITY MUSICAL THEATER EDUCATION AND BOOSTING SOME 8,000 STUDENTS' CONFIDENCE, SKILLS AND KNOWLEDGE. THE BEAUTIFULLY RENOVATED BUILDING AT 900 HENNEPIN AVENUE EXPANDS THE TRUST'S CAPACITY FOR DIVERSE PERFORMANCES AND EVENTS, AND THE ORGANIZATION'S TRANSFORMATION OF THE PLACES AND SPACES OUTSIDE THE THEATRES CREATE A VIBRANT, WELCOMING PLACE FOR ALL. FORM 990, PART VI, SECTION A, LINE 1 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. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15A 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. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2018. 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. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.