Florida Studio Theatre Inc is located in Sarasota, FL. The organization was established in 1974. 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, Florida Studio Theatre Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Studio Theatre 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 09/2020, Florida Studio Theatre Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $6.9m during the year ending 09/2020. While expenses have increased by 0.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FLORIDA STUDIO THEATRE HOLDS THE FOLLOWING MISSION: TO MAKE THEATRE AFFORDABLE AND ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE; TO PRESENT THEATRE THAT CHALLENGES WITH AS MUCH GUSTO AS IT ENTERTAINS; TO CREATE A PUBLIC FORUM FOR THE ISSUES OF OUR DAY THAT WILL FOSTER POSITIVE CHANGE IN OUR COMMUNITY AND BEYOND; TO OPERATE WITHIN AND FOR THE PUBLIC TRUST .
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER PRODUCTIONS: MAINSTAGE IS FST'S FLAGSHIP PROGRAM, PRODUCING THE BEST CONTEMPORARY AMERICAN THEATRE BY PRESENTING PLAYS THAT SPEAK TO A LIVING, EVOLVING, DYNAMICALLY CHANGING WORLD. STAGE III IS DEDICATED TO THE PRESENTATION OF SOCIALLY SIGNIFICANT PRODUCTIONS, STIMULATING AUDIENCES BY PRESENTING CHALLENGING CONTENT TO AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. IN ACCORDANCE WITH ITS MISSION POINT "TO MAKE THEATRE AFFORDABLE AND ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE", FST STAUNCHLY BELIEVES THAT THEATRE SHOULD NOT BE A PRIVILEGE OF THE FEW, BUT SHOULD BENEFIT EVERYONE. FST IS ABLE TO MAINTAIN REASONABLE TICKET PRICES; THE AVERAGE AMOUNT THAT A PERSON WILL PAY FOR A 4-PLAY SUBSCRIPTION TO THE MAINSTAGE SERIES IS 89, OR 22.25 PER SHOW.
EDUCATION & TOURING: THE WRITE A PLAY TOURING PROGRAM IMPACTS STUDENTS IN GRADES K-12, WITH A SPECIAL EMPHASIS ON UNDERSERVED YOUTH THROUGHOUT FLORIDA. DURING THE COURSE OF A SCHOOL YEAR, FST'S TOURS INSPIRE 47,000 CHILDREN AND TEENS TO WRITE THEIR OWN ORIGIONAL PLAYS THROUGH THE WRITE A PLAY ARTS IN EDUCATION INITIATIVE EACH YEAR. FST'S EDUCATION PROGRAM OFFERS CHILDREN AND ADULTS A WEALTH OF OPPORTUNITIES TO DISCOVER THEIR CREATIVITY. CLASSES ARE OFFERED EACH WEEK TO STUDENTS AGED 5-95 IN THEATRE, DANCE AND MUSIC. ACCESSIBILITY IS ENSURED THROUGH PROGRAMING FOR FINANCIALLY DISADVANTAGED, PHYSICALLY AND MENTALLY CHALLENGED YOUTH AND ADULTS. FST'S "CHILDREN'S SCHOLARSHIP PROGRAM" PROVIDES ABOUT 15% OF YOUTH WITH FULL OR PARTIAL TUITION WAIVERS, AND ADULT WORK/SCHOLARSHIPS IN WHICH PRICES ARE REDUCED IN EXCHANGE FOR VOLUNTEER HOURS WITH THE THEATRE,AND ARE AVAILABLE TO THOSE WITH A NEED.
CABARET CONCESSIONS: FST CABARET WAS ESTABLISHED TO DEVELOP NEW AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. OFFERING RESTAURANT AND BEVERAGE SERVICE, THE CABARET PROVIDES A RELAXED, INVITING ATMOSPHERE FOR PEOPLE WHO ARE NEW TO THE PERFORMING ARTS. ITS WARM, WELCOMING SPACE REDUCES SOCIAL BARRIERS TO THEATRE AND ENCOURAGES COMMUNICATION AND INTIMACY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Hopkins Vice Preside | OfficerTrustee | 40 | $196,680 |
Rebecca Hopkins Managing Dir | Officer | 40 | $180,423 |
Dennis Mcgillicuddy President | OfficerTrustee | 2 | $0 |
Gaele Barthold Director | Trustee | 2 | $0 |
Neil Comber Director | Trustee | 2 | $0 |
Georgia Court Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $5,784,480 |
Investment income | $243,017 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $122,545 |
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 | $9,853,127 |
Statement of Expenses | |
---|---|
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. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,669,941 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $548,853 |
Fees for services: Management | $0 |
Fees for services: Legal | $59,040 |
Fees for services: Accounting | $21,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $375,303 |
Office expenses | $154,080 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $99,829 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $375,060 |
Insurance | $238,459 |
All other expenses | $0 |
Total functional expenses | $6,908,636 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $301,531 |
Savings and temporary cash investments | $5,083,784 |
Pledges and grants receivable | $6,699,505 |
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 | $31,785 |
Prepaid expenses and deferred charges | $128,944 |
Investments—publicly traded securities | $10,066,444 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $84,162 |
Total assets | $37,267,894 |
Accounts payable and accrued expenses | $185,492 |
Grants payable | $0 |
Deferred revenue | $3,462,323 |
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 | $927,791 |
Total liabilities | $4,575,606 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $32,692,288 |
Over the last fiscal year, we have identified 4 grants that Florida Studio Theatre Inc has recieved totaling $20,000.
Awarding Organization | Amount |
---|---|
David & Ruth Gorton Family Charitable Foundation Inc Sarasota, FL PURPOSE: PERFORMING ARTS | $15,000 |
Richard & Gail Rubin Foundation Inc New York, NY PURPOSE: GENERAL | $2,500 |
Ruth Rogers Hoyt Foundation Inc Atlanta, GA PURPOSE: PROMOTION OF MUSIC AND THE ARTS | $2,000 |
Storper Fam Foundation West Hartford, CT PURPOSE: DONATION | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Asolo Theater Inc Sarasota, FL | $39,065,744 | $11,173,577 |
Riverside Theatre Inc Vero Beach, FL | $44,506,198 | $8,851,736 |
Florida Studio Theatre Inc Sarasota, FL | $37,267,894 | $9,853,127 |
Venice Theatre Inc Venice, FL | $7,118,612 | $5,710,001 |
The Naples Players Inc Naples, FL | $22,577,856 | $12,453,721 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Actors Playhouse Productions Inc Coral Gables, FL | $3,896,011 | $4,416,783 |
Orlando Shakespeare Theater Inc Orlando, FL | $6,529,809 | $4,359,887 |
Tampa Theatre Inc Tampa, FL | $11,330,345 | $3,845,345 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
Orlando Repertory Theatre Inc Orlando, FL | $2,714,960 | $3,553,699 |
Gulfshore Playhouse Inc Naples, FL | $41,093,370 | $22,898,859 |