GUTHRIE THEATER FOUNDATION

EIN: 410854160 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$36,051,705
Total Expenses
$33,943,666
Total Assets
$160,661,885
Net Assets
$151,400,959
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MN
Principal Officer
JENNIFER REEDSTROM BISHOP
Phone
6122256000
Tax Period
2023-09-01 to 2024-08-31

GUTHRIE THEATER FOUNDATION, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $36.1M in total revenue in fiscal year 2023. Expenses of $33.9M left a modest 6% surplus.

Mission

THE GUTHRIE THEATER ENGAGES EXCEPTIONAL THEATER ARTISTS IN THE EXPLORATION OF BOTH CLASSIC AND CONTEMPORARY PLAYS, CONNECTING THE COMMUNITY WE SERVE TO ONE ANOTHER AND TO THE WORLD. THROUGH ITS EXTRAORDINARY ARTISTS, STAFF AND FACILITY, THE GUTHRIE IS COMMITTED TO THE PEOPLE OF MINNESOTA AND, FROM ITS PLACE ROOTED DEEPLY IN THE TWIN CITIES, INFLUENCES THE FIELD AS A LEADING 21ST-CENTURY ARTS ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $26,472,088 Revenue: $14,553,905

THEATER PERFORMANCES: THE 2023-2024 SEASON WAS ONE OF THE MOST AMBITIOUS IN THE THEATER'S HISTORY. ARTISTIC HIGHLIGHTS INCLUDED THE WORLD PREMIERE OF FOR THE PEOPLE - THE FIRST GUTHRIE MAINSTAGE...

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THEATER PERFORMANCES: THE 2023-2024 SEASON WAS ONE OF THE MOST AMBITIOUS IN THE THEATER'S HISTORY. ARTISTIC HIGHLIGHTS INCLUDED THE WORLD PREMIERE OF FOR THE PEOPLE - THE FIRST GUTHRIE MAINSTAGE PRODUCTION WRITTEN BY, FOR AND ABOUT NATIVE PEOPLE. DEVELOPMENT OF THE PLAY INVOLVED A COLLABORATIVE AND ILLUMINATING CREATIVE PROCESS WITH DOZENS OF NATIVE PARTNERS, AND AT THE END OF THE RUN, FOR THE PEOPLE WAS RECOGNIZED BY LIEUTENANT GOVERNOR PEGGY FLANAGAN AS A VITAL CONTRIBUTION TO THE CULTURE AND LEGACY OF MINNESOTA. THE GUTHRIE ALSO MADE A THRILLING RETURN TO ROTATING REPERTORY WITH SHAKESPEARE'S HISTORY PLAYS (RICHARD II, HENRY IV AND HENRY V). YEARS IN THE MAKING, THIS THEATRICAL FEAT DREW THEATERGOERS FROM ACROSS THE COUNTRY, INCLUDING NEARLY 2,000 PATRONS WHO EXPERIENCED ALL THREE PLAYS IN ONE DAY. IN TOTAL, THE SEASON INCLUDED NINE MAINSTAGE PRODUCTIONS AND ONE PRESENTATION BROUGHT TO LIFE BY OVER 600 TALENTED ARTISTS AND STAFF AND BROUGHT IN MORE THAN 370,000 PATRONS FROM 37 STATES.OFFSTAGE, WE CONTINUED TO OFFER COMMUNITY ENGAGEMENT, EDUCATION AND PROFESSIONAL TRAINING PROGRAMS TO DEEPEN OUR CONNECTION WITH THE COMMUNITY AND INSPIRE FUTURE GENERATIONS OF THEATERGOERS AND ARTISTS. OVER 18,000 COMMUNITY MEMBERS ENGAGED IN POST-PLAY DISCUSSIONS, BIPOC COMMUNITY NIGHTS, LGBTQIA+ EVENTS AND MORE, WHILE 2,000 COMMUNITY MEMBERS ATTENDED OUR NATIVE POP-UP MARKETS, WHICH FEATURED 12 NATIVE ARTISTS. OVER 40 NATIVE PARTNERS, ARTISTS, BUSINESSES AND ORGANIZATIONS COLLABORATED WITH US DURING FOR THE PEOPLE AND MORE THAN 3,000 TICKETS TO THE PLAY WERE ISSUED AT NO COST TO MEMBERS OF THE NATIVE COMMUNITY.

Program 2
Expenses: $558,124 Revenue: $229,461

EDUCATION AND PROFESSIONAL TRAINING: THE GUTHRIE WELCOMED OVER 15,000 STUDENTS TO 16 STUDENT MATINEE PERFORMANCES OF ON BECKETT, THE IMPORTANCE OF BEING EARNEST, FOR THE PEOPLE, A CHRISTMAS CAROL...

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EDUCATION AND PROFESSIONAL TRAINING: THE GUTHRIE WELCOMED OVER 15,000 STUDENTS TO 16 STUDENT MATINEE PERFORMANCES OF ON BECKETT, THE IMPORTANCE OF BEING EARNEST, FOR THE PEOPLE, A CHRISTMAS CAROL, AND HENRY V. EACH MATINEE INCLUDED A PRE-SHOW EXPERIENCE HOSTED BY THE EDUCATION TEAM THAT PULLED BACK THE CURTAIN TO REVEAL THE MAGIC OF THEATER. OUR DIGITAL PLAY GUIDES FOR GUTHRIE PRODUCTIONS WITH STUDENT MATINEES PROVIDED DISCUSSION QUESTIONS AND CLASSROOM ACTIVITIES TO SUPPORT EDUCATORS IN EXPLORING THE THEMES OF OUR PLAYS AND ENGAGING THEIR STUDENTS IN SELF-REFLECTIVE AND COMMUNITY-BUILDING ACTIVITIES. LAST SEASON, WE FILMED OUR 60TH ANNIVERSARY PRODUCTION OF HAMLET DIRECTED BY JOSEPH HAJ AND USED IT TO LAUNCH THEATER IN FOCUS THIS SEASON. OFFERED FREE TO EDUCATORS, THIS EXCITING NEW PROGRAM PAIRS A FILMED LIVE PERFORMANCE OF A GUTHRIE PRODUCTION WITH A ROBUST, TIME-STAMPED CURRICULUM DESIGNED TO AMPLIFY ACADEMIC SUBJECTS BY EXPLORING THE CONTEXT, CHARACTERS AND THEMES OF A PLAY. THIS SEASON, WE FILMED A PERFORMANCE OF HENRY V AND DEVELOPED AN ACCOMPANYING CURRICULUM THAT WILL BE AVAILABLE TO EDUCATORS IN MAY 2025.TWELVE LOCAL ACTORS WERE INVITED TO PARTICIPATE IN THE INAUGURAL COHORT OF GUTHRIE ACTORS LAB, A FREE, THREE-WEEK TRAINING INTENSIVE FOR EARLY AND MID-CAREER ARTISTS BASED IN THE TWIN CITIES THAT LAUNCHED MAY 6TH-24TH, 2024. UNDER THE GUIDANCE OF FACULTY INSTRUCTORS, THE ACTORS EXPLORED THEIR CRAFT THROUGH WORKSHOPS IN A VARIETY OF THEATER PRACTICES, ULTIMATELY SHOWCASING THEIR WORK FOR AN INVITED AUDIENCE IN THE DOWLING STUDIO. GUTHRIE SUMMER CAMPS ENGAGED 225 STUDENTS IN PLAY CREATION, TECHNICAL THEATER PRODUCTION, MUSICAL THEATER WORKSHOPS AND MORE, WITH 30% RECEIVING SCHOLARSHIPS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,039,660
Program Service Revenue $14,783,366
Investment Income $4,941,385
Other Revenue $287,294
TOTAL REVENUE $36,051,705

Expense Breakdown

Grants Paid $80,509
Salaries & Benefits $18,397,830
Fundraising Expenses $1,697,298
Program Expenses $27,030,212
Other Expenses $15,351,386
TOTAL EXPENSES $33,943,666

Year-over-Year Comparison

2023 2022 Change
Revenue $36,051,705 $37,377,343 0.0%
Expenses $33,943,666 $36,103,936 -0.1%
Net Income $2,108,039 $1,273,407 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
41
Independent Members
40
Employees
671
Volunteers
198

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,073,272
Total Directors
43
$841,114
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH HAJ DIRECTOR 40.00
Officer Director
$781,368 $59,746 $841,114
JOHN JUNEK PAST CHAIR 10.00
Officer Director
$0 $0 $0
JENNIFER REEDSTROM BISHOP CHAIR 15.00
Officer Director
$0 $0 $0
DAVID DINES TREASURER 10.00
Officer Director
$0 $0 $0
SUSAN W ALLEN SECRETARY 5.00
Officer Director
$0 $0 $0
MARTHA GOLDBERG ARONSON DIRECTOR 5.00
Director
$0 $0 $0
Y MARC BELTON DIRECTOR 5.00
Director
$0 $0 $0
ABDHISH BHAVSAR DIRECTOR 5.00
Director
$0 $0 $0
MICHAEL J BLUM DIRECTOR 5.00
Director
$0 $0 $0
PETER BREW DIRECTOR 5.00
Director
$0 $0 $0
AMY FITERMAN DIRECTOR 5.00
Director
$0 $0 $0
DARREL GERMAN DIRECTOR 5.00
Director
$0 $0 $0
TODD HARTMAN DIRECTOR 5.00
Director
$0 $0 $0
DIANE HOFSTEDE DIRECTOR 5.00
Director
$0 $0 $0
TIMOTHY A HUEBSCH DIRECTOR 5.00
Director
$0 $0 $0
DAVID HURRELL DIRECTOR 5.00
Director
$0 $0 $0
HANS KABAT DIRECTOR 5.00
Director
$0 $0 $0
CHRISTINE KUCERA KALLA DIRECTOR 5.00
Director
$0 $0 $0
JAY KIEDROWSKI DIRECTOR 5.00
Director
$0 $0 $0
JOHN KNAPP DIRECTOR 5.00
Director
$0 $0 $0
DAVID M LILLY JR DIRECTOR 5.00
Director
$0 $0 $0
KRISTEN LUDGATE DIRECTOR THRU 05/2024 5.00
Director
$0 $0 $0
MICHAEL MCCORMICK DIRECTOR 5.00
Director
$0 $0 $0
W THOMAS MCENERY DIRECTOR 5.00
Director
$0 $0 $0
MUNIR MEGHJEE DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER MELIN MILLER DIRECTOR 5.00
Director
$0 $0 $0
RENEE MONTZ DIRECTOR 5.00
Director
$0 $0 $0
DAVID MOORE JR DIRECTOR 5.00
Director
$0 $0 $0
LYNN MYHRAN DIRECTOR 5.00
Director
$0 $0 $0
WENDY NELSON DIRECTOR 5.00
Director
$0 $0 $0
TODD NOTEBOOM DIRECTOR 5.00
Director
$0 $0 $0
ANNE PAAPE DIRECTOR 5.00
Director
$0 $0 $0
IRENE QUARSHIE DIRECTOR THRU 09/2023 5.00
Director
$0 $0 $0
ANN RAINHART DIRECTOR 5.00
Director
$0 $0 $0
ROBERT A ROSENBAUM DIRECTOR 5.00
Director
$0 $0 $0
REBECCA KOENIG ROLOFF DIRECTOR 5.00
Director
$0 $0 $0
JERRY RUDOWSKY DIRECTOR 5.00
Director
$0 $0 $0
KENNETH F SPENCE DIRECTOR 5.00
Director
$0 $0 $0
KWELI P THOMPSON DIRECTOR 5.00
Director
$0 $0 $0
MEREDITH BOONE TUTTEROW DIRECTOR 5.00
Director
$0 $0 $0
STEVE C WEBSTER DIRECTOR 5.00
Director
$0 $0 $0
JAMIE WILSON DIRECTOR 5.00
Director
$0 $0 $0
TODD ZAUN DIRECTOR 5.00
Director
$0 $0 $0
TRISHA KIRK MANAGING DIRECTOR 40.00
Officer
$197,867 $34,291 $232,158
JOEL KRAUSE DIRECTOR OF PRODUCTION 40.00
Highest
$146,583 $12,993 $159,576
JENNIFER BAUMGARTNER CAMPAIGN DIRECTOR 40.00
Highest
$133,482 $19,466 $152,948
JANET BALEJ DIRECTOR OF FINANCE 40.00
Highest
$130,319 $23,155 $153,474
TRACY BRIGDEN SENIOR ARTISTIC PRODUCER 40.00
Highest
$119,747 $34,865 $154,612
WILLIAM SCHNEIDER DIRECTOR OF ITS 40.00
Highest
$111,574 $35,552 $147,126
JAMES HASKINS FORMER MANAGING DIR. THRU 08/2023 40.00
$290,018 $30,765 $320,783
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $36,051,705 $33,943,666 $160,661,885 $2,108,039
2023 $37,377,343 $36,103,936 $152,917,477 $1,273,407
2022 $38,832,182 $29,522,220 $157,320,019 $9,309,962
2021 $17,905,053 $16,363,475 $166,811,777 $1,541,578
2020 $18,685,485 $25,864,338 $150,141,249 $-7,178,853
2019 $24,696,711 $31,001,513 $155,269,541 $-6,304,802
2018 $38,487,110 $32,247,930 $161,169,674 $6,239,180
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