Theatre Latte-Da
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF THEATER LATTE' DA IS TO CREATE NEW CONNECTIONS BETWEEN STORY, MUSIC, ARTIST AND AUDIENCE BY EXPLORING AND EXPANDING THE ART OF MUSICAL THEATER.
- Income
- $3.4 million
- Spending
- $3.9 million
- Spent on programs
- 82%
- Reserves
- -1.5 months of spending
- Largest source of income
- fees for its services, 58%
- Employees
- 230
- Volunteers
- 325
- Highest pay
- $120,938, artistic director
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 35 out of 100. Higher than 7% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 74% of what it owns.
Living within its means
0 of 15Spending exceeded income by 16% of income.
Income trend
15 of 15Income rose 11% on the year before.
Spending floor
15 of 1582% of spending went to programs and raising each dollar of donations cost 14 cents.
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 65% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 2521 of 21 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $3.2 million spent. GENERAL ACCOMPLISHMENTS/NEW WORKFOLLOWING A HISTORIC TRANSITION WITH THE DEPARTURE OF FOUNDING ARTISTIC DIRECTOR PETER ROTHSTEIN AFTER 25 YEARS, JUSTIN LUCERO JOINED THEATER LATT DA (TLD) AS ARTISTIC DIRECTOR IN OCTOBER 2023 AND OVERSAW A HIGHLY SUCCESSFUL FIRST SEASON PLANNED UNDER HIS LEADERSHIP IN FY2025.WE CONTINUED TO INVEST DEEPLY IN THE CREATION OF NEW MUSIC THEATER THROUGH OUR NEXT UP NEW WORK DEVELOPMENT PROGRAM, AN INTENSIVE LABORATORY TO INCUBATE NEW MUSICALS AND PLAYS WITH MUSIC. THE FY25 NEXT UP INITIATIVE, LED BY DIRECTOR OF NEW WORK ELISSA ADAMS, INCLUDED AN EXCITING LINEUP OF WORKSHOPS, RESIDENCIES, AND READINGS FOR PROJECTS BY JEFFREY HATCHER AND CHAN POLING, BY ERIKA JI, BRANDON HOANG COLLIER, AND CLARE BIERMAN, AND BY CANDRICE JONES AND RANDY PRESTON. TLD ALSO PRODUCED A NEW YORK CITY WORKSHOP AND READING OF A NEW WORK BY 2024 NEXT GENERATION COMMISSION AWARDEE JAY ADANA. MAINSTAGE PRODUCTIONS & NATIONAL TOURIN FY25, TLD CARRIED OUT THE FIRST SEASON PROGRAMMED BY NEW ARTISTIC DIRECTOR JUSTIN LUCERO, REACHING 36,000 PATRONS AND DRAWING SIGNIFICANT CRITICAL AND AUDIENCE ACCLAIM. THE SEASON OPENED WITH THE REGIONAL PREMIERE OF SCOTLAND, PA, FURTHER DEVELOPED WHILE AT TLD FOLLOWING ITS OFF-BROADWAY PREMIERE. TLD PRESENTED ITS FIRST RODGERS AND HAMMERSTEIN MUSICAL CINDERELLA FOR THE HOLIDAYS, ATTRACTING A LARGE FAMILY AUDIENCE THAT MADE THE PRODUCTION THE SECOND-BEST-SELLING SHOW IN THE COMPANY'S HISTORY. FOLLOWING WAS MILO CRAMER'S CHARMING SOLO SHOW SCHOOL PICTURES, WHICH WAS HONORED WITH AN OBIE AWARD DURING ITS RITZ THEATER RUN. IN SPRING, THE LOCAL DEBUT OF FUN HOME PLAYED A SOLD-OUT 6-WEEK RUN AND DREW UNIVERSAL CRITICAL ACCLAIM. A RARE PRODUCTION OF STEPHEN SONDHEIM AND JAMES LAPINE'S PASSION CLOSED THE MAINSTAGE SEASON. OUR ANNUAL NEXT FESTIVAL OF NEW MUSICALS ALSO RETURNED, PROVIDING DEVELOPMENTAL OPPORTUNITIES FOR THREE WRITING TEAMS AND SHARING THREE NEW WORKS IN PROCESS INCLUDING HOW TO PLAY THE CELLO (UNTIL YOU DON'T), THE HOMEFRONT, AND OKUNI. THESE PRODUCTIONS, COMBINED WITH THE NEXT UP DEVELOPMENT PROGRAM, TOGETHER EMPLOYED MORE THAN 300 ACTORS, DESIGNERS, DIRECTORS, COMPOSERS, LYRICISTS, LIBRETTISTS, AND OTHER THEATERMAKERS. COMMUNITY ENGAGEMENT, ACCESS & SUPPORTWE PROUDLY CARRIED ON OUR EDUCATIONAL COLLABORATIONS IN 2024-25 WITH PROJECT SUCCESS, HENNEPIN THEATRE TRUST, ON STAGE, AND OTHER PARTNERSHIPS THAT ENABLED US TO INTRODUCE MORE THAN 300 YOUNG PEOPLE TO MUSICAL THEATER. OVER $180,000 IN FREE AND DISCOUNTED TICKETS WERE DISTRIBUTED THROUGHOUT THE SEASON TO PROVIDE ATTENDANCE OPPORTUNITIES FOR ACCESS TARGET AUDIENCES INCLUDING VETERANS, ARTISTS, STUDENTS, EDUCATORS, AND FELLOW RESIDENTS LIVING IN OUR LOCAL 55413 ZIP CODE. TLD ALSO CONTINUED ITS SUCCESSFUL ROW A FOR ALL INITIATIVE, OFFERING FRONT ROW TICKETS TO SELECT PERFORMANCES AT A VARIABLE PRICE POINT ACCESSIBLE TO THOSE WITH LIMITED FINANCIAL MEANS. WE CONTINUED TO OFFER A FULL RANGE OF PHYSICAL ACCESS INITIATIVES FOR EVERY PRODUCTION, INCLUDING IMPLEMENTING UPGRADED OPEN CAPTION TECHNOLOGY. TLD PRODUCTIONS ATTRACTED PATRONS FROM MORE THAN 80% OF MINNESOTA COUNTIES. IN MAY 2025, TLD'S SHOWSTOPPERS: GLITTER GROOVE GALA PLAYED TO AN AUDIENCE OF NEARLY 300 PATRONS AT THE FILLMORE IN DOWNTOWN MINNEAPOLIS. THE EVENING WAS BOTH A CREATIVE AND A FINANCIAL SUCCESS, GENERATING OVER $230,000 IN CONTRIBUTIONS FROM OUR GENEROUS COMMUNITY OF SUPPORTERS.
Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending July 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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