Ohio Shakespeare Festival
- Assets
- $372.3k
- Revenue
- $368.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Kent, OH
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 02-0611246
Organization Overview
Ohio Shakespeare Festival is located in Kent, OH. The organization was established in 2004. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Ohio Shakespeare Festival employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Shakespeare Festival is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ohio Shakespeare Festival generated $368.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $283.2k during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO SHAKESPEARE FESTIVAL REGARDS THE ACTORS, THE SCRIPT AND THE AUDIENCE AS THE QUINTESSENTIAL ELEMENTS OF THE THEATRE, AND IS DEDICATED AS A PROFESSIONAL THEATRE COMPANY TO ARTICULATING THE INHERENT THEATRICAL COMPONENTS OF THE SCRIPTS BY SHAKESPEARE AND HIS FELLOW PLAYWRIGHTS THROUGHOUT THE AGES IN A MANNER THAT WILL ENABLE THE COLLECTED IMAGINATIONS OF THE ARTISTS TO MEET THE COLLECTIVE IMAGINATION OF THE AUDIENCE IN A PUBLIC CELEBRATION WHICH ASPIRES TO TRANSFORM THE WORLD WE LIVE IN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Cates Vp/treasurer | Officer | 17 | $16,125 |
Terry T Burgler President | Officer | 17 | $0 |
Buddy Taylor Secretary | Officer | 17 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,871 |
| Total Program Service Revenue | $150,018 |
| Investment income | $10,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,568 |
| Pension plan accruals and contributions | $924 |
| Other employee benefits | $21,457 |
| Payroll taxes | $9,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,561 |
| Office expenses | $4,558 |
| Information technology | $0 |
| Royalties | $3,461 |
| Occupancy | $28,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,354 |
| Interest | $4,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $700 |
| All other expenses | $42,800 |
| Total functional expenses | $283,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,689 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $156,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,036 |
| Total assets | $372,321 |
| Accounts payable and accrued expenses | $4,231 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $38,481 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $122,100 |
| Other liabilities | $0 |
| Total liabilities | $164,812 |
| Net assets without donor restrictions | $207,509 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $372,321 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ohio Shakespeare Festival has recieved totaling $6,201.
| Awarding Organization | Amount |
|---|---|
Mary S & David C Corbin Foundation Akron, OH PURPOSE: PROGRAM SUPPORT | $5,000 |
Caplin Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Society Hill Playhouse Center For The Performing Arts Inc Philadelphia, PA | $0 | -$3,636 |