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Hennepin Theatre Trust
Hennepin Theatre Trust reported $26.5 million in revenue and $26.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.39 went to program services, $14.68 to management and general costs and $5.93 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.7% of the total. The highest compensation it reported for one person was $385,706 (CEO/PRESIDENT). Revenue rose 35% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $27MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $27MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.4% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.7% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.9% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.41 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.6% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 83.7% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $385,706 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.44% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.7 | 36.6 |
| Independent voting board members Part VI 1a–1b | 23 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTheatre programming: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 550,000 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
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 high schools build confidence, critical thinking, empathy, a sense of community, knowledge andappreciation of theater. The program supplements and enhances arts curricula through production assessments, workshops and arts journalism, increasing equitable access to quality theater education. Spotlight showcase, our annual recognition event, is minnesota'slargest celebration of high school theater and provides…
Community engagement: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 community engagement 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/PRESIDENT Officer, 40.00 hrs/week | $0 | $360,014 | $25,692 | $385,706 |
| CAO Officer, 40.00 hrs/week | $0 | $204,615 | $8,184 | $212,799 |
| VP FINANCE Highest compensated employee, 40.00 hrs/week | $0 | $174,004 | $18,252 | $192,256 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $0 | $147,640 | $44,174 | $191,814 |
| VP HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $0 | $165,004 | $9,346 | $174,350 |
0 people received more than $100,000 in reportable compensation from Hennepin Theatre Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $603K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 23 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 555
- Volunteers Part I, line 630
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MAMMA MIA TOUR LP Broadway show | $908,199 |
| FUNNY GIRL FIRST TOURING LLC Broadway show | $672,865 |
| CLUE TOURING LLC Broadway show | $518,914 |
| CALIFORNIA BOUND LLC Broadway show | $514,085 |
| OUTBACK PRESENTS LLC Non-broadway show producer | $492,288 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Hennepin Theatre Trust totaling $110K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Hennepin Theatre Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hennepin Theatre Trust, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Hennepin Theatre Trust spent in FY2025, $79.39 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Milwaukee Repertory TheaterMilwaukee, WI · revenue $27M · programs 79.2% · FY2025
- Buffalo Fine Arts AcademyBuffalo, NY · revenue $27M · programs 43.9% · FY2025
- PRXCambridge, MA · revenue $27M · programs 90.1% · FY2025
- The Phillips CollectionWashington, DC · revenue $27M · programs 74.1% · FY2025
- Peabody Essex MuseumSalem, MA · revenue $26M · programs 79.4% · FY2025
All arts, culture & humanities charities · Largest charities in Minnesota
Questions people ask
How much of Hennepin Theatre Trust's spending goes to programs?
In the fiscal year ending June 30, 2025, Hennepin Theatre Trust reported that 79.4% of its $26.7 million in expenses went to program services, 14.7% to management and general and 5.9% to fundraising (Form 990, Part IX).
How much does Hennepin Theatre Trust pay its top executive?
The largest total compensation Hennepin Theatre Trust reported for one person in the fiscal year ending June 30, 2025 was $385,706, for the role of CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hennepin Theatre Trust get its money?
Of $26.5 million in revenue in the fiscal year ending June 30, 2025, 14.6% came from contributions and grants and 83.7% from program service revenue (Form 990, Part VIII).
Is Hennepin Theatre Trust a registered charity?
The IRS lists EIN 41-2017278 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621339349304212 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349303370 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349306008 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349303909 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231319349302573 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121319349302532 · read the filing
All filings for EIN 41-2017278: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.