Penumbra Theatre regains financial footing

Austene Van, T. Mychael Rambo
Austene Van and T. Mychael Rambo rehearse for "Spunk" at Penumbra Theatre.
Rich Ryan / Penumbra Theatre

St. Paul's Penumbra Theatre announced Monday that it balanced its books during the past fiscal year.

It's the first full year since the company adopted a new business plan after nearly collapsing in 2012. An audit shows a $500,000 increase in donations and grants, and an increase in assets of slightly more than that.

Penumbra, which has a mission to explore the African-American experience, is following a five-year plan.

Its goals include attaining financial stability, implementing a new artistic vision and achieving a successful artistic and administrative leadership transition as founder Lou Bellamy steps down.

His daughter, Sarah Bellamy, is guiding Penumbra as it implements its plan for the future.

Political Coverage Powered by You

Your gift today creates a more connected Minnesota. MPR News is your trusted resource for election coverage, reporting and breaking news. With your support, MPR News brings accessible, courageous journalism and authentic conversation to everyone - free of paywalls and barriers. Your gift makes a difference.