Shakespeare Festival Of Dallas
- Assets
- $251.6k
- Revenue
- $924.5k
- Investments
- $0.0
- Employees
- 34
- Location
- Dallas, TX
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 23-7227157
Organization Overview
Shakespeare Festival Of Dallas is located in Dallas, TX. The organization was established in 1982. 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 12/2023, Shakespeare Festival Of Dallas employed 34 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Shakespeare Festival Of Dallas 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 12/2023, Shakespeare Festival Of Dallas generated $924.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. 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
USING SHAKESPEARE'S WORKS AS A CORNERSTONE, SHAKESPEARE DALLAS SERVES THE SOUTHWEST REGION WITH FUN AND ACCESSIBLE INDOOR AND OUTDOOR THEATRE, INTEGRATED SCHOOL PROGRAMS, AND CULTURAL ENRICHMENT FOR PEOPLE OF ALL AGES AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASONAL PRODUCTIONS - THE SHAKESPEARE FESTIVAL OF DALLAS CELEBRATED ITS 50TH SEASON WITH THREE OF SHAKESPEARE'S GREATEST WORKS. THE SHAKESPEARE IN THE PARK SEASON INCLUDED A VIBRANTLY FUNNY PRODUCTION OF A MIDSUMMER NIGHT'S DREAM AND AN ARRESTING PRODUCTION OF THE TEMPEST, AND THE SEASON CLOSED WITH AN ALL-FEMALE PRODUCTION OF HAMLET. OVER 20,000 PATRONS WERE THRILLED AT THE DIVERSITY IN STYLES AND EXCELLENCE IN ARTISTRY THROUGHOUT THE SEASON.
OUTREACH - PROGRAMMING SPANNED EVERY MONTH WITH EVENTS SUCH AS THE 50TH SEASON KICKOFF EVENT AT A POPULAR COFFEE SHOP, IDES OF MARCH WITH SELECTED SCENES PERFORMED FROM JULIUS CAESAR AT A LOCAL BOOKSTORE, AND OTHER ACTIVITIES IN PARTNERSHIP WITH MANY LOCAL ORGANIZATIONS. THE CELEBRATION OF THE MILESTONE ANNIVERSARY WAS THROUGHOUT DALLAS.
EDUCATION - SHAKESPEARE ON THE GO! RELAUNCHED ON-CAMPUS PERFORMANCES OFSHAKESPEARE UNLOCKED FOR GRADES 6-12. STUDENTS AND EDUCATORS WERE EXCITED TO HAVE SOME PROGRAM ENRICHMENT AFTER 2 YEARS OF RESTRICTIONS DUE TO COVID. TWO DAYTIME MATINE PERFORMANCES OF HAMLET WERE ATTENDED BY A RECORD BREAKING 1,200 STUDENTS. TICKETS WERE PROVIDED WITH A DISCOUNT OR WERE FREE BASED ON CAMPUS NEED. SUMMER CAMPS SERVED OVER 75 STUDENTS WITH CREATIVE AND INVENTIVE VERSIONS OF SHAKESPEARE'S PLAYS ADAPTED AND PERFORMED BY 3RD-12TH GRADE STUDENTS TO THE DELIGHT OF PARENTS AND GUARDIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Raehpour Executive Dir. | Officer | 45 | $80,615 |
Jenni Stewart Interim Exec D | Officer | 40 | $83,710 |
Adrian Godinez Secretary | OfficerTrustee | 2 | $0 |
Kathryn Betts Director | Trustee | 2 | $0 |
Lauren York Chair | OfficerTrustee | 4 | $0 |
Marcus Fuller Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,252 |
| Fundraising events | $160 |
| Related organizations | $0 |
| Government grants | $201,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,470 |
| Noncash contributions included in lines 1a–1f | $15,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $696,168 |
| Total Program Service Revenue | $216,976 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $67 |
| Net Income from Gaming Activities | -$1,965 |
| Net Income from Sales of Inventory | $13,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,542 |
| 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. | $182,126 |
| Compensation of current officers, directors, key employees. | $15,554 |
| Compensation to disqualified persons | $32,137 |
| Other salaries and wages | $267,164 |
| Pension plan accruals and contributions | $4,026 |
| Other employee benefits | $23,217 |
| Payroll taxes | $47,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73 |
| Fees for services: Accounting | $10,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $243,616 |
| Advertising and promotion | $15,072 |
| Office expenses | $13,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,524 |
| Travel | $3,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $492 |
| Interest | $6,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,299 |
| Insurance | $15,810 |
| All other expenses | $0 |
| Total functional expenses | $1,027,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68 |
| Savings and temporary cash investments | $18,572 |
| Pledges and grants receivable | $43,464 |
| 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 | $5,148 |
| Prepaid expenses and deferred charges | $2,770 |
| Net Land, buildings, and equipment | $73,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,996 |
| Other assets | $100,253 |
| Total assets | $251,586 |
| Accounts payable and accrued expenses | $21,579 |
| 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 | $50,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $60,000 |
| Other liabilities | $3,233 |
| Total liabilities | $134,812 |
| Net assets without donor restrictions | $56,952 |
| Net assets with donor restrictions | $59,822 |
| 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 | $251,586 |