Overview
What is Theater Latte Da?
Theater Latte Da, a performing arts organization based in Minneapolis, Minnesota, has faced significant challenges due to the COVID-19 pandemic. Despite closing their doors in March 2020 and cancelling numerous performances, the organization managed to convert cancelled ticket sales into donations, ensuring financial stability. They also received support from government programs and the generosity of their community. During the closure, Theater Latte Da launched 'Next Up', an initiative to support artists and invest in their future, incubating nine new musicals and plays. They also continued their commitment to new musical development and resumed in-person performances in Fall 2021. The organization's mission is to create new connections between story, music, artist, and audience by exploring and expanding the art of musical theater. Despite a shortened season, they welcomed over 30,000 people and introduced music theater to over 300 young people through educational collaborations and free/discounted ticket distribution.
Official website here: www.latteda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Theater Latte Da has received a commendable rating of 92%, reflecting its strong performance in both accountability and community engagement. A notable strength is its commitment to independent governance, with 100% of board members being independent, which contributes to transparency and effective oversight in financial matters. The organization has also shown excellence in financial management, indicated by a low liabilities-to-assets ratio and a healthy program expense ratio.
In terms of community involvement, Theater Latte Da has demonstrated a commitment to gathering and utilizing feedback from constituents, scoring a perfect 100 in feedback collection and usage. This indicates an organizational culture that values input from its audience and stakeholders, fostering a responsive and inclusive environment. Additionally, the organization has made strides in implementing equity strategies, although there is room for improvement in data collection related to equity.
While Theater Latte Da excels in many areas, the equity data score highlights a limitation in capturing and analyzing comprehensive equity metrics. This suggests that while the organization is dedicated to equity, it may benefit from more robust data practices to inform its policies and processes. Overall, Theater Latte Da stands out as a well-managed nonprofit with strong community ties and a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Theater Latte Da legitimate?
Theater Latte Da is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theater Latte Da submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $213,655
Professional Fundraising Fees: $23,700
Other Salaries and Wages: $1,682,337
For more financial information, click here
Official website here: www.latteda.org
What is the mission statement of Theater Latte Da?
Theater Latte Da's mission is centered around fostering new connections between story, music, artists, and audiences. They achieve this by exploring and expanding the art of musical theater. Despite the challenges posed by the COVID-19 pandemic, the organization has continued its commitment to new musical development, supporting artists and ensuring the future of the art form. They launched the Next Up laboratory, incubating nine new musicals and plays between 2020 and 2021. After live performances resumed in fall 2021, they expanded their commitment to new musical development further. Despite having one less production than a typical season, they employed over 350 artists and saw over 30,000 people in attendance. They also welcomed the return of educational collaborations and distributed free and discounted tickets to provide opportunities for access target audiences.
Official website here: www.latteda.org
What is the revenue of Theater Latte Da?
Theater Latte Da's revenue in 2024 was $3,032,892.
Official website here: www.latteda.org
Who are the executives of Theater Latte Da and what are their salaries?
The average compensation at Theater Latte Da during 2024 was $9,115. There are 208 employees and 325 volunteers at Theater Latte Da.
Here are 28 key members and their salaries:
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Official website here: www.latteda.org
Where can I find the form 990 for Theater Latte Da?
Theater Latte Da's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.latteda.org
Learn more at the official website: www.latteda.org
Mission Statement of Theater Latte Da
Theater Latte Da, a prominent performing arts organization, is committed to establishing new connections between story, music, artists, and audiences. By exploring and expanding the art of musical theater, the organization seeks to engage and captivate its audience in unique and innovative ways.
Despite the challenges posed by the COVID-19 pandemic, Theater Latte Da managed to maintain its mission, albeit in a modified form. The organization cancelled numerous performances, including critically acclaimed productions, and temporarily furloughed several full-time staff members. However, through the generosity of its community and the successful acquisition of government grants, Theater Latte Da was able to convert cancelled tickets into donations, ensuring its financial stability during uncertain times.
In addition to weathering the storm, Theater Latte Da remained dedicated to nurturing new talent and fostering the development of new works. The organization launched the Next Up laboratory, providing a platform for nine new musicals and plays with music to be incubated and honed. This initiative, led by Theater Latte Da's artistic director and director of new work, yielded a diverse lineup of projects by renowned artists and emerging talents.
After live performances resumed in fall 2021, Theater Latte Da continued its commitment to new musical development. The organization completed pre-production workshops for several new musicals and launched new processes with esteemed playwrights, adapters, and librettists. The second Next Generation commission was also awarded to a talented team, furthering the organization's mission to support and nurture emerging artists.
Throughout the 2021-2022 season, Theater Latte Da presented a series of mainstage productions, including the regional premiere of Jelly's Last Jam and the world premiere of Twelve Angry Men: A New Musical, which received critical acclaim. The organization's annual Next Festival of New Musicals also returned, providing opportunities for three writing teams and showcasing three new works in progress. Despite having one fewer production than a typical season, these performances were attended by over 30,000 people, employing over 350 artists and contributing to the vibrant musical theater scene.
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Impact
July, 2024
The impact of Theater Latte Da can be seen in its commitment to creating new connections between story, music, artist, and audience through the exploration and expansion of the art of musical theater. Despite the challenges presented by the COVID-19 pandemic, Theater Latte Da has demonstrated resilience and innovation in its programming and operations. Through initiatives like the Next Up laboratory and the Next Generation Commission, Theater Latte Da has continued to support artists and invest in the future of the art form.
By resuming in-person performances and engaging in community partnerships, Theater Latte Da has not only provided audiences with high-quality productions but has also contributed to the cultural vibrancy of Minneapolis, MN. Through educational collaborations and the distribution of free and discounted tickets, Theater Latte Da has worked to make musical theater accessible to a diverse range of audiences, including young people, veterans, educators, and local residents.
Additionally, Theater Latte Da's fundraising efforts, such as the Showstoppers and Other Drama Gala, have generated significant contributions from the community, ensuring the organization's financial stability and ability to continue producing impactful and engaging work. Overall, Theater Latte Da's impact can be felt in its artistic achievements, community engagement efforts, and dedication to the advancement of the musical theater art form.
This information is meant to be a general summary of Theater Latte Da. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $1,716,041
- Gross Receipts: $3,165,464
Assets and Liabilities:
- Total Assets: $3,395,024
- Total Liabilities: $1,258,327
- Net Assets: $2,136,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$1,579,748
SHARED COST REIMBURSEM
Revenue
$60,000
RESTORATION FEES
Revenue
$53,999
OTHER
Revenue
$22,294
Organization Details
Founding Year
1998
Principal Officer
Bridget Morehead
Website
www.latteda.orgNTEE Category
Code: A650 - Arts
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