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<Return xmlns="http://www.irs.gov/efile" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-02-02T15:02:45-06:00</Timestamp>
    <TaxPeriodEndDate>2012-09-30</TaxPeriodEndDate>
    <PreparerFirm>
      <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>2011-10-01</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>2013-02-02</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>CHARLES W LEONARD</Name>
      <Phone>9525138800</Phone>
      <DatePrepared>2013-02-02</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990EZ documentId="990EZ">
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>WWWBLUEWATERTHEATRECOM</WebSite>
      <Organization501c3 referenceDocumentId="990A">X</Organization501c3>
      <GrossReceipts>149210</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>10243</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>54788</ProgramServiceRevenue>
      <MembershipDues>65216</MembershipDues>
      <FundraisingGrossIncome>12587</FundraisingGrossIncome>
      <SpecialEventsNetIncomeLoss>12587</SpecialEventsNetIncomeLoss>
      <OtherRevenueTotal>6376</OtherRevenueTotal>
      <TotalRevenue>149210</TotalRevenue>
      <SalariesOtherCompEmplBenefits>20000</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>19526</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>28657</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>2696</PrintingPublicationsPostage>
      <OtherExpensesTotal>82670</OtherExpensesTotal>
      <TotalExpenses>153549</TotalExpenses>
      <ExcessOrDeficitForYear>-4339</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>13958</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>9619</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>13958</BOY>
        <EOY>9619</EOY>
      </CashSavingsAndInvestments>
      <LandAndBuildings>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </LandAndBuildings>
      <OtherAssetsTotal>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>13958</BOY>
        <EOY>9619</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>13958</BOY>
        <EOY>9619</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>
        <ProgramServiceExpenses>0</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>0</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="STMA01">CHARLES V LEONARD</PersonName>
        <AddressUS>
          <AddressLine1>1900 SHENANDOAH CT UNIT G</AddressLine1>
          <City>PLYMOUTH</City>
          <State>MN</State>
          <ZIPCode>55447</ZIPCode>
        </AddressUS>
        <Title>DIRECTOR</Title>
        <AvgHoursPerWkDevotedToPosition>25</AvgHoursPerWkDevotedToPosition>
        <Compensation>18280</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>
      <OperatingSchool referenceDocumentId="990E">false</OperatingSchool>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <FiledScheduleA>true</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="990A">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus1Year>74958</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>88046</CurrentTaxYear>
        <Total>163004</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus1Year>43449</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>54788</CurrentTaxYear>
        <Total>98237</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus1Year>118407</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>142834</CurrentTaxYear>
        <Total>261241</Total>
      </Total509>
      <PublicSupportTotal509>261241</PublicSupportTotal509>
      <OtherIncome509>
        <CurrentTaxYear>4772</CurrentTaxYear>
        <Total>4772</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>0</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus2Years>0</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>118407</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>147606</CurrentTaxYear>
        <Total>266013</Total>
      </TotalSupportTotal>
      <First5Years509>X</First5Years509>
    </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>
    </IRS990ScheduleC>
    <IRS990ScheduleO documentId="990O">
      <GeneralExplanation>
        <Identifier>01. Description of other revenue (Part I, line 8)</Identifier>
        <Explanation>DESCRIPTION AMOUNT MERCHANDISE REVENUE 634 FIELD TRIP REVENUE LES MIS 2412 DIRECT PUBLIC GRANTS 1100 MISC REVENUE 1710 CHAIR RAFFLE 520</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>02. Description of other expenses (Part I, line 16)</Identifier>
        <Explanation>DESCRIPTION AMOUNT WAYZATA HOME CENTER FACILITY 1442 FUNDRAISING EXPENSES 1432 PRODUCTION EXPENSES 59665 COMPUTER SOFTWAREEQUIPMENT 1817 BUSINESS REGISTRATION FEES 125 BAD DEBTS 85 PAYROLL TAXES 6996 PRESS GOLD SERVICE FEES 542 MUSICAL INSTRUMENTS 107 OUTSIDE CONTRACT SERVICES 50 WEB SITE EXPENSES 142 OFFICE SUPPLIES &amp; OTHER SUPPLIES 1248 TELEPHONE COMMUNICATIONS 60 BANK SUPPLIES 259 MISC EXPENSES 272 ADVERTISING 50 INSURANCE 4247 MEMBERSHIPS AND DUES 425 BLUE WATER MERCHANDISE 636 FIELD TRIPS 3070</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>