Red Eye Collaboration EIN 41-1469078 Form 990 (PDF) Claim this org

Red Eye Collaboration FY2020 filing

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Supports creating and producing innovative, boundary-breaking performance art. For fiscal year 2020 it reported $171K in revenue, $131K in expenses, and $311K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Minneapolis, MN
Website
www.redeyetheater.org
Filings
6 on file (2020–2020)
Revenue
$171KFY2020
Expenses
$131K
Net assets
$311K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-1469078 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports creating and producing innovative, boundary-breaking performance art.
Leadership
Cameran Bailey · Director
Money in and out
$171K revenue, $131K expenses
Bottom line
80% program efficiency
Where the money goes · FY2020
Total revenue
$171K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$311K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $39K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.10 Fundraising $0.11
Program efficiency
80%
of spending reaches programs
Operating runway
25.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$171K
FY2020
Expenses
$131K
FY2020
Total assets
$334K
FY2020
Total liabilities
$23K
FY2020
Total revenue
$171K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$311K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$334K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRed Eye Collaboration
EINHdr · item D41-1469078
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jwww.redeyetheater.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFOct 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Red Eye Collaboration executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $104K of program spending, described in the organization's own filed words · FY2019.
01

Red eye collaboration is a multi-disciplinary creative laboratory that supports the development and production of boundary-breaking performance work. Serving for nearly four decades as a leading producer of those working at the cutting edges of contemporary performance, red eye remains a passionate champion of daring independent artists.

$104Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$169K · 99%
Program service revenue$2K · 1%
Contributions & grants99%$169K
Program service revenue1%$2K
— government grantsLn 1e$25K
Total revenueLn 12$171K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.10 Fundraising $0.11
Program services80%$104K
Management & general10%$13K
Fundraising11%$14K
Total functional expensesLn 25$131K

Balance Sheet

Part X · end of year
CashLn 1$280K
Total assetsLn 16$334K
Total liabilitiesLn 26$23K
Total net assetsLn 32$311K
Months of cash on handcomputed25.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $280K · Operating expenses/yr $131K
25.6 months
Where the money goes
Program services
Program services $104K · Total expenses $131K
80%
Management & General
Management & general $13K · Total expenses $131K
10%
Fundraising
Fundraising $14K · Total expenses $131K
11%
Cost to raise $1
Fundraising expense $14K · Solicited contributions $144K
$0.10 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $169K · Total revenue $171K
99%
Government reliance
Government grants $25K · Total revenue $171K
15%
Earned-income share
Program service revenue $2K · Total revenue $171K
1%
Investment reliance
Investment income $0 · Total revenue $171K
0%
Program self-sufficiency
Program service revenue $2K · Total expenses $131K
1%
Growth & trend
Revenue growth (YoY)
This year $171K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $311K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $171K · Expenses $131K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $334K
Net-asset ratio
Net assets $311K · Total assets $334K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $334K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cameran Bailey · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $131K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $131K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 10%
Fundraising cost ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$165K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$290K revenue · ⤓ 990 PDF
FY2024$506K revenue · ⤓ 990 PDF
FY2023$113K revenue · ⤓ 990 PDF
FY2022$314K revenue · ⤓ 990 PDF
FY2021$255K revenue · ⤓ 990 PDF
FY2020$171K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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