The Shakespeare Center Of Los Angeles Inc
- Assets
- $18.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 87
- Location
- Los Angeles, CA
- Founding
- 12/1987
- Data as of
- 09/2023
- EIN
- 13-3167013
Organization Overview
The Shakespeare Center Of Los Angeles Inc is located in Los Angeles, CA. The organization was established in 1987. 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 09/2023, Shakespeare Center Of Los Angeles Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shakespeare Center Of Los Angeles Inc 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 09/2023, Shakespeare Center Of Los Angeles Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $5.3m during the year ending 09/2023. While expenses have increased by 23.2% 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
TO ENCHANT, ENRICH, AND BUILD COMMUNITY THROUGH PROFESSIONAL THEATRICAL TRADITIONS THAT ARE INTERPRETIVELY, GEOGRAPHICALLY, AND ECONOMICALLY ACCESSIBLE TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCLA'S MAIN STAGE ARE PROFESSIONAL, FULLY-STAGED INDOOR AND OUTDOOR PRODUCTIONS AND STAGED READINGS. MAIN STAGE PROGRAMMING INCORPORATES VETERANS IN ART, WHICH HIRED MILITARY VETERANS TO FILL TECHNICAL THEATER POSITIONS TO SUPPORT THE PRESENTATION OF MAIN STAGE PRODUCTIONS AND STAGED READINGS. THESE JOBS MAY INCLUDE DESIGN, PERFORMANCE, PRODUCTIONS CREWS, MARKETING, AND FRONT OF HOUSE. VETERANS IN ART ALSO PROVIDES MILITARY VETERANS FREE TICKETS TO SCLA'S PERFORMANCES. OTHER VETERANS PROGRAMMING INCLUDES PERFORMANCE AND WORKSHOPS. ADDITIONAL PROGRAM ACTIVITY INCLUDES ACTIVE COMMUNITY OUTREACH AND ENGAGEMENT.
EXPENSES ARE RELATED TO NEW MARKET TAX CREDITS FINANCING.
SHAKESPEARE & SOCIAL JUSTICE OFFERS AN URGENT AND INNOVATIVE TEACHER TRAINING SEMINARS THAT FEATURE PROPRIETARY CURRICULUM MATERIALS DESIGNED TO ILLUMINATE SHAKESPEARE'S TEXTS THROUGH SOCIAL JUSTICE PRINCIPLES.
YOUTH AND EDUCATION PROGRAMS INCLUDE WILL POWER TO YOUTH, WILL POWER TO SCHOOLS, AND WRITE ON!. WILL POWER TO YOUTH AND WRITE ON! HIRE TEENS AND YOUNG ADULTS TO CREATE ADAPTATIONS OF SHAKESPEARE THAT REFLECT THEIR THOUGHTS, FEELINGS, AND PERSPECTIVES ON SHAKESPEARE'S THEMES. WILL POWER TO SCHOOLS PARTNERS WITH CLASSROOM TEACHERS TO PROVIDE PROFESSIONAL DEVELOPMENT, LIVE PERFORMANCES, AND IN-CLASSROOM WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Ahmanson Chairman | OfficerTrustee | 1 | $0 |
Michael Narvid Secretary | OfficerTrustee | 1 | $0 |
Gretchen Scheidler Treasurer | OfficerTrustee | 1 | $0 |
Marshall Bissett Director | Trustee | 1 | $0 |
Edward J Avila Director | Trustee | 1 | $0 |
John D Bunzel CFP Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $612,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,333,165 |
| Noncash contributions included in lines 1a–1f | $99,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,945,718 |
| Total Program Service Revenue | $0 |
| Investment income | $70,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,515 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,212,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,250,000 |
| 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. | $115,894 |
| Compensation of current officers, directors, key employees. | $7,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $649,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,965 |
| Payroll taxes | $59,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,972 |
| Fees for services: Accounting | $24,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $435,089 |
| Advertising and promotion | $70,705 |
| Office expenses | $39,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,115 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,302 |
| Insurance | $22,990 |
| All other expenses | $0 |
| Total functional expenses | $5,317,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,651 |
| Savings and temporary cash investments | $10,210,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $510,893 |
| 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 | $11,500 |
| Net Land, buildings, and equipment | $319,269 |
| Investments—publicly traded securities | $631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,468,159 |
| Total assets | $18,282,874 |
| Accounts payable and accrued expenses | $318,988 |
| Grants payable | $0 |
| Deferred revenue | $82,094 |
| 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 | $11,344,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000,000 |
| Total liabilities | $16,745,147 |
| Net assets without donor restrictions | $988,195 |
| Net assets with donor restrictions | $549,532 |
| 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 | $18,282,874 |