﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-01-28T12:29:11-06:00</Timestamp>
    <TaxPeriodEndDate>2013-09-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>208141154</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>CHUCK LEONARD FINANCIAL SERVICES</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>339 BARRY AVE SOUTH</AddressLine1>
        <City>WAYZATA</City>
        <State>MN</State>
        <ZIPCode>55391</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-10-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>260707663</EIN>
      <Name>
        <BusinessNameLine1>BLUE WATER THEATRE COMPANY</BusinessNameLine1>
      </Name>
      <NameControl>BLUE</NameControl>
      <USAddress>
        <AddressLine1>1250 E WAYZATA BLVD</AddressLine1>
        <City>WAYZATA</City>
        <State>MN</State>
        <ZIPCode>55391</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>CHARLES V LEONARD</Name>
      <Title>DIRECTOR</Title>
      <Phone>7634733187</Phone>
      <DateSigned>2014-01-28</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>CHARLES W LEONARD</Name>
      <PTIN>P00201563</PTIN>
      <Phone>9525138800</Phone>
      <DatePrepared>2014-01-28</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990EZ documentId="IRS990EZ">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>WWWBLUEWATERTHEATRECOM</WebSite>
      <Organization501c3 referenceDocumentId="990A">X</Organization501c3>
      <GrossReceipts>118870</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>5633</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>44290</ProgramServiceRevenue>
      <MembershipDues>60003</MembershipDues>
      <FundraisingGrossIncome>3572</FundraisingGrossIncome>
      <SpecialEventsNetIncomeLoss>3572</SpecialEventsNetIncomeLoss>
      <OtherRevenueTotal>5372</OtherRevenueTotal>
      <TotalRevenue>118870</TotalRevenue>
      <SalariesOtherCompEmplBenefits>14114</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>21050</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>27940</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>1215</PrintingPublicationsPostage>
      <OtherExpensesTotal>63889</OtherExpensesTotal>
      <TotalExpenses>128208</TotalExpenses>
      <ExcessOrDeficitForYear>-9338</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>9619</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>281</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>9619</BOY>
        <EOY>5617</EOY>
      </CashSavingsAndInvestments>
      <LandAndBuildings>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </LandAndBuildings>
      <OtherAssetsTotal>
        <BOY>0</BOY>
        <EOY>7053</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>9619</BOY>
        <EOY>12670</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities>
        <BOY>0</BOY>
        <EOY>12389</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>9619</BOY>
        <EOY>281</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>YOUTH THEATRE COMPANY</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>ESTABLISHED A THEATRE COMMUNITY THAT HAS PROVIDED YOUNG ACTORS WITH OPPORTUNITIES TO PERFORM LEARN AND EXPERIENCE THEATRE</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>0</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="STMA01">CHARLES V LEONARD</PersonName>
        <Title>DIRECTOR</Title>
        <AvgHoursPerWkDevotedToPosition>30.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>14114</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>MN</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NamePerson>CHARLES V LEONARD</NamePerson>
        <AddressUS>
          <AddressLine1>1900 SHENANDOAH CT UNIT G</AddressLine1>
          <City>PLYMOUTH</City>
          <State>MN</State>
          <ZIPCode>55447</ZIPCode>
        </AddressUS>
        <TelephoneNumber>7634733187</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <FiledScheduleA>true</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="990A">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus2Years>74958</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>88046</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>65636</CurrentTaxYear>
        <Total>228640</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus2Years>43449</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>54788</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>44290</CurrentTaxYear>
        <Total>142527</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus2Years>118407</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>142834</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>109926</CurrentTaxYear>
        <Total>371167</Total>
      </Total509>
      <PublicSupportTotal509>371167</PublicSupportTotal509>
      <OtherIncome509>
        <CurrentTaxYearMinus1Year>4772</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>5944</CurrentTaxYear>
        <Total>10716</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>0</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus2Years>118407</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>147606</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>115870</CurrentTaxYear>
        <Total>381883</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.97190</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0.00000</InvestmentIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleC documentId="990C">
      <Volunteers>false</Volunteers>
      <PaidStaffOrManagement>false</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>false</DirectContactLegislators>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>false</OtherActivities>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
    </IRS990ScheduleC>
    <IRS990ScheduleG documentId="990G" />
    <IRS990ScheduleO documentId="990O">
      <GeneralExplanation>
        <Identifier>O01</Identifier>
        <ReturnReference>Description of other revenue Part I line 8</ReturnReference>
        <Explanation>DESCRIPTION AMOUNT MERCHANDISE REVENUE 260 FIELD TRIP REVENUE 1,567 MISCELLANEOUS REVENUE 545 WAYZATA ISD 284 3,000</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O02</Identifier>
        <ReturnReference>Description of other expenses Part I line 16</ReturnReference>
        <Explanation>DESCRIPTION AMOUNT PRODUCTION EXPENSES 49,426 PAYROLL TAXES 4,683 PRESS GOLD SERVICE FEES 1,645 COMPUTER SOFTWARE/EQUIPMENT 340 MUSICAL INSTRUMENTS 608 WEB SITE EXPENSES 182 OFFICE SUPPLIES &amp; OTHER SUPPLIES 911 BUSINESS REGISTRATION FEES 165 WAYZATA HOME CENTER 164 MISC EXPENSES 694 ADVERTISING 474 INSURANCE 3,474 MEMBERSHIPS AND DUES 50 FIELD TRIPS 1,073</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O03</Identifier>
        <ReturnReference>Description of other assets Part II line 24</ReturnReference>
        <Explanation>CATEGORY BEGINNING OF YEAR END OF YEAR ACCOUNTS RECEIVABLE 0 7,053</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O04</Identifier>
        <ReturnReference>Description of total liabilities Part II line 26</ReturnReference>
        <Explanation>CATEGORY BEGINNING OF YEAR END OF YEAR ACCOUNTS PAYABLE 0 6,528 ACCRUED COMPENSATION ... BARB 0 2,250 ACCRUED WAGES ... CHARLIE 0 3,611</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <CompensationExplanation documentId="STMA01">
      <Compensation>
        <PersonName>CHARLES V LEONARD</PersonName>
        <Explanation>PERFORMS ARTISTIC AND BUSINESS FUNCTIONS OF THE ORGANIZATION.</Explanation>
      </Compensation>
    </CompensationExplanation>
  </ReturnData>
</Return>