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

Red Eye Collaboration FY2022 filing

Not yet claimed Claim this org →

Supports creating and producing innovative, boundary-breaking performance art. For fiscal year 2022 it reported $314K in revenue, $285K in expenses, and $403K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Minneapolis, MN
Website
www.redeyetheater.org
Filings
6 on file (2020–2022)
Revenue
$314KFY2022
Expenses
$285K
Net assets
$403K
People
8
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 FY2022 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Red Eye Collaboration claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Supports creating and producing innovative, boundary-breaking performance art.
Leadership
Karen Quisenberry · President
Money in and out
$314K revenue, $285K expenses
Bottom line
74% program efficiency
Where the money goes · FY2022
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$285K
Pt IX · Ln 25
Net assets
$403K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.09 Fundraising $0.16
Program efficiency
74%
of spending reaches programs
Operating runway
9.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$314K
FY2022▲ +23%
Expenses
$285K
FY2022▲ +48%
Total assets
$533K
FY2022▲ +38%
Total liabilities
$130K
FY2022▲ +891%
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$285K
Pt IX · Ln 25
Net assets
$403K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$533K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

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 1a8
Independent voting membersPt VI · Ln 1b8
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 (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Red Eye Collaboration executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $212K of program spending, described in the organization's own filed words · FY2021.
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.

$212Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$279K · 89%
Program service revenue$35K · 11%
Contributions & grants89%$279K
Program service revenue11%$35K
— government grantsLn 1e$65K
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.09 Fundraising $0.16
Program services74%$212K
Management & general9%$26K
Fundraising16%$46K
Total functional expensesLn 25$285K

Balance Sheet

Part X · end of year
CashLn 1$224K
Total assetsLn 16$533K
Total liabilitiesLn 26$130K
Total net assetsLn 32$403K
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $224K · Operating expenses/yr $285K
9.5 months
Where the money goes
Program services
Program services $212K · Total expenses $285K
74%
Management & General
Management & general $26K · Total expenses $285K
9%
Fundraising
Fundraising $46K · Total expenses $285K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $170K
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $279K · Total revenue $314K
89%
Government reliance
Government grants $65K · Total revenue $314K
21%
Earned-income share
Program service revenue $35K · Total revenue $314K
11%
Investment reliance
Investment income $0 · Total revenue $314K
0%
Program self-sufficiency
Program service revenue $35K · Total expenses $285K
12%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $255K
+23%
Net-asset trend (YoY)
End of year $403K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $285K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $533K
Net-asset ratio
Net assets $403K · Total assets $533K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $533K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Quisenberry · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $285K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $91K · Total expenses $285K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 9%
Fundraising cost ratio 17%
Revenue growth 23%

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 →

Similar Organizations

Closest in mission — by what they do
See all organizations like Red Eye Collaboration →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2021$255K revenue · ⤓ 990 PDF
FY2020$171K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.