Pennsylvania Shakespeare Festival
- Assets
- $6.9m
- Revenue
- $2.6m
- Investments
- $5.7m
- Employees
- 88
- Location
- Center Valley, PA
- Founding
- 01/2017
- Data as of
- 09/2022
- EIN
- 23-2655672
Organization Overview
Pennsylvania Shakespeare Festival is located in Center Valley, PA. The organization was established in 2017. 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 09/2022, Pennsylvania Shakespeare Festival employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania 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 09/2022, Pennsylvania Shakespeare Festival generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.3m during the year ending 09/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OFFICIAL SHAKESPEARE FESTIVAL OF THE COMMONWEALTH OF PENNSYLVANIA, PSF'S MISSION IS TO ENRICH, INSPIRE, ENGAGE, AND ENTERTAIN THE WIDEST POSSIBLE AUDIENCE THROUGH FIRST-RATE PROFESSIONAL PRODUCTIONS OF CLASSICAL AND CONTEMPORARY PLAYS, WITH A CORE COMMITMENT TO THE WORKS OF SHAKESPEARE AND OTHER MASTER DRAMATISTS, AND THROUGH AN ARRAY OF EDUCATIONAL OUTREACH AND MENTORSHIP PROGRAMS. A NOT-FOR-PROFIT, PROFESSIONAL REGIONAL THEATRE, PSF HAS ENTERTAINED OVER 1,030,789 PATRONS FROM 50 STATES SINCE 1992.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL NOT-FOR-PROFIT THEATRE COMPANY DEDICATED TO MAKING AVAILABLE THE PLAYS OF WILLIAM SHAKESPEARE, BROADWAY MUSICALS, WORLD CLASSICS AND CHILDREN'S PRODUCTIONS FOR A REGIONAL AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phoenix Best Director | Trustee | 2 | $3,983 |
Kerry A Wrobel Secretary | OfficerTrustee | 5 | $0 |
Patrick Witmer Co-Vice President | OfficerTrustee | 5 | $0 |
Stefanie Wexler Co-Vice President | OfficerTrustee | 5 | $0 |
Patrick Mulcahy Prod. Artistic Dir. | OfficerTrustee | 60 | $0 |
Judith A Harris ESQ President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $126,025 |
| Related organizations | $0 |
| Government grants | $600,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $669,209 |
| Noncash contributions included in lines 1a–1f | $10,270 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,395,598 |
| Total Program Service Revenue | $694,852 |
| Investment income | $114,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $341,716 |
| Net Income from Fundraising Events | -$31,995 |
| Net Income from Gaming Activities | $27,549 |
| Net Income from Sales of Inventory | $7,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,550,071 |
| 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. | $113,643 |
| Compensation of current officers, directors, key employees. | $26,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,116,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,811 |
| Payroll taxes | $103,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $122,389 |
| Office expenses | $77,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,362 |
| Insurance | $17,855 |
| All other expenses | $2,846 |
| Total functional expenses | $2,285,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,672 |
| Savings and temporary cash investments | $532,841 |
| Pledges and grants receivable | $60,399 |
| Accounts receivable, net | $120,068 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,404 |
| Prepaid expenses and deferred charges | $99,375 |
| Net Land, buildings, and equipment | $86,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,712,554 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,130 |
| Total assets | $6,910,876 |
| Accounts payable and accrued expenses | $22,893 |
| Grants payable | $0 |
| Deferred revenue | $74,606 |
| 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 | $108,498 |
| Total liabilities | $205,997 |
| Net assets without donor restrictions | $1,087,427 |
| Net assets with donor restrictions | $5,617,452 |
| 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 | $6,910,876 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pennsylvania Shakespeare Festival has recieved totaling $36,500.
| Awarding Organization | Amount |
|---|---|
Amaranth Foundation Philadelphia, PA PURPOSE: GENERAL PURPOSE | $31,500 |
Elder Family Foundation Swarthmore, PA PURPOSE: GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $5,474,090 |
| Earnings | $137,580 |
| Net Contributions | $3,943 |
| Other Expense | $232,125 |
| Ending Balance | $5,383,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |