Chesapeake Shakespeare Company
- Assets
- $7.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Baltimore, MD
- Founding
- 03/2002
- Data as of
- 08/2023
- EIN
- 03-0418380
Organization Overview
Chesapeake Shakespeare Company is located in Baltimore, MD. The organization was established in 2002. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Chesapeake Shakespeare Company employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Shakespeare Company 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 08/2023, Chesapeake Shakespeare Company generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.6m during the year ending 08/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHESAPEAKE SHAKESPEARE COMPANY BRINGS ENERGETIC, JOYFUL, AND ACCESSIBLE CLASSIC THEATRE TO BALTIMORE, THE STATE OF MARYLAND, AND BEYOND, STRIVING TO REACH NEW AND NON-TRADITIONAL AUDIENCES THROUGH ENGAGING PERFORMANCES AND DYNAMIC, RELEVANT EDUCATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHESAPEAKE SHAKESPEARE COMPANY ANNUALLY OFFERS 5-7 PRODUCTIONS BY SHAKESPEARE AND OTHER PLAYWRIGHTS OF CLASSIC STATURE. THESE PERFORMANCES REACH MORE THAN 18,000 PEOPLE ANNUALLY, WITH FREE ADMISSION FOR ROUGHLY 1,000 INDIVIDUALS, MOSTLY CHILDREN.
THE CHESAPEAKE SHAKESPEARE COMPANY PROVIDES MANY ENTRY POINTS TO THE WORKS OF WILLIAM SHAKESPEARE BY OFFERING A WIDE VARIETY OF EDUCATIONAL ACTIVITIES INCLUDING CAMPS AND CLASSES FOR YOUTH AND ADULTS, SPECIAL PROGRAMS FOR MILITARY VETERANS, A BLACK CLASSICAL ACTING ENSEMBLE, AND OUTREACH TO THE COMMUNITY AT LARGE. WE ALSO PROVIDE SCHOOL MATINEE PERFORMANCES, IN-SCHOOL RESIDENCES, AND PRE-SHOW DISCUSSIONS. THESE PROGRAM ACTIVITES SERVE APPROXIMATELY 16,000 INDIVIDUALS INCLUDING 3,700 YOUTH FROM UNDER-RESOURCED SCHOOLS SERVED FOR FREE.
CHESAPEAKE SHAKESPEARE COMPANY'S NEW MULTI-YEAR INITIATIVE, "SHAKESPEARE BEYOND THE WALLS," WILL BRING TRAVELING ARTS AND CULTURAL PROGRAMMING INTO NEIGHBORHOODS ACROSS BALTIMORE AND MARYLAND IN THE FORM OF FREE THEATRE PERFORMACES, WORKSHOPS, AND COLLABORATIONS WITH LOCAL ARTISTS AND COMMUNITY ORGANIZATIONS - WITH SPECIAL EMPHASIS ON REACHING THOSE WITH LIMITED ACCESS TO THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Gallanar Trustee & Artistic Director | Trustee | 40 | $95,506 |
Lesley Malin Secretary & Producing Exec Dir. | OfficerTrustee | 40 | $8,093 |
Emily Rockefeller President | OfficerTrustee | 1 | $0 |
Robin Hough Vice President | OfficerTrustee | 1 | $0 |
Bill Henry Treasurer | OfficerTrustee | 1 | $0 |
Kevin Burke Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,259 |
| Related organizations | $0 |
| Government grants | $741,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $757,665 |
| Noncash contributions included in lines 1a–1f | $4,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,572,028 |
| Total Program Service Revenue | $905,525 |
| Investment income | $10,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,643 |
| Net Gain/Loss on Asset Sales | -$334 |
| Net Income from Fundraising Events | -$13,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,487,194 |
| 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. | $135,902 |
| Compensation of current officers, directors, key employees. | $13,887 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $799,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,973 |
| Payroll taxes | $72,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,361 |
| Fees for services: Accounting | $11,699 |
| Fees for services: Lobbying | $22,230 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,433 |
| Advertising and promotion | $108,114 |
| Office expenses | $8,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,301 |
| Travel | $13,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,386 |
| Insurance | $26,210 |
| All other expenses | $255,678 |
| Total functional expenses | $2,646,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,563,432 |
| Savings and temporary cash investments | $50,087 |
| Pledges and grants receivable | $61,013 |
| Accounts receivable, net | $11,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $955 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,567 |
| Net Land, buildings, and equipment | $4,520,755 |
| Investments—publicly traded securities | $361,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,000 |
| Other assets | $371,329 |
| Total assets | $7,013,895 |
| Accounts payable and accrued expenses | $94,321 |
| Grants payable | $0 |
| Deferred revenue | $151,770 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $377,252 |
| Total liabilities | $623,343 |
| Net assets without donor restrictions | $6,148,242 |
| Net assets with donor restrictions | $242,310 |
| 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 | $7,013,895 |