Pennsylvania Shakespeare Festival
- Assets
- $7.1m
- Revenue
- $2.3m
- Investments
- $6.2m
- Employees
- 154
- Location
- Center Valley, PA
- Founding
- 01/2017
- Data as of
- 09/2023
- 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 09/2023, Pennsylvania Shakespeare Festival employed 154 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 09/2023, Pennsylvania Shakespeare Festival generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.5m during the year ending 09/2023. 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
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 1,062,736 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 |
|---|---|---|---|
Judith A Harris ESQ President | OfficerTrustee | 5 | $0 |
Stefanie Wexler Co-Vice President | OfficerTrustee | 5 | $0 |
Patrick Witmer Co-Vice President | OfficerTrustee | 5 | $0 |
Kerry A Wrobel Secretary | OfficerTrustee | 5 | $0 |
Amy Best Director | Trustee | 2 | $0 |
Phoenix Best Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,125 |
| Related organizations | $0 |
| Government grants | $17,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,545 |
| Noncash contributions included in lines 1a–1f | $6,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,270 |
| Total Program Service Revenue | $897,299 |
| Investment income | $129,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $304,896 |
| Net Income from Fundraising Events | -$40,577 |
| Net Income from Gaming Activities | $28,358 |
| Net Income from Sales of Inventory | $10,909 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,292,087 |
| 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. | $132,310 |
| Compensation of current officers, directors, key employees. | $26,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,371 |
| Payroll taxes | $92,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158,715 |
| Office expenses | $66,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,804 |
| Insurance | $17,666 |
| All other expenses | $4,846 |
| Total functional expenses | $2,479,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,415 |
| Savings and temporary cash investments | $296,793 |
| Pledges and grants receivable | $33,436 |
| Accounts receivable, net | $12,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,243 |
| Prepaid expenses and deferred charges | $121,123 |
| Net Land, buildings, and equipment | $71,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,204,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,050 |
| Total assets | $7,071,620 |
| Accounts payable and accrued expenses | $2,992 |
| Grants payable | $0 |
| Deferred revenue | $66,899 |
| 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 | $6,737 |
| Total liabilities | $76,628 |
| Net assets without donor restrictions | $980,682 |
| Net assets with donor restrictions | $6,014,310 |
| 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 | $7,071,620 |