Tennessee Shakespeare Company
- Assets
- $3.0m
- Revenue
- $827.0k
- Investments
- $0.0
- Employees
- 17
- Location
- Memphis, TN
- Founding
- 08/2008
- Data as of
- 06/2021
- EIN
- 26-2113887
Organization Overview
Tennessee Shakespeare Company is located in Memphis, TN. The organization was established in 2008. 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 06/2023, Tennessee Shakespeare Company employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Shakespeare Company 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 06/2021, Tennessee Shakespeare Company generated $827.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $632.1k during the year ending 06/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TENNESSEE SHAKESPEARE COMPANY IS THE FIRST AND ONLY PROFESSIONAL, NOT-FOR- PROFIT (501C3) THEATRE AND EDUCATION ORGANIZATION IN MEMPHIS DEDICATED TO LIVE, DIVERSE PERFORMANCES OF WILLIAM SHAKESPEARES PLAYS, AS WELL AS WORKS OF SOCIAL SIGNIFICANCE BY CLASSICAL, SOUTHERN, AND MODERN PLAYWRIGHTS/ COMPOSERS; AND TO PROVIDING INNOVATIVE EDUCATION, TRAINING, AND OUTREACH PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS THE MID-SOUTH'S ONLY PROFESSIONAL, CLASSICAL THEATRE AND EDUCATION COMPANY PERFORMING THE PLAYS OF WILLIAM SHAKESPEARE AND OTHER CLASSICAL AND SOUTHERN WRITERS; AND PROVIDING INNOVATIVE TRAINING AND OUTREACH PROGRAMMING TO LEARNERS OF ALL AGES, ABILITIES, AND BACKGROUNDS. THE 2022-23 PRODUCTIONS INCLUDED THE FREE SHOUT-OUT PRODUCTION OF MACBETH; THE WORLD PREMIERE OF I DWELL IN POSSIBILITY: EMILY DICKINSON EMEGES; THE WORLD PREMIERE OF THE TROUBLE BEGINS AT EIGHT: MARK TWAIN; CYRANO DE BERGERAC; THE SOUTHERN LITERARY SALON PREMIERE PRODUCTION OF THE TRUTH AND BEAUTY OF ANN PATCHETT; THE JACK JONES CHILDREN'S LITERACY GALA; ROMEO AND JULIET PROJECT; MACBETH INITIATIVE; THE JUVENILE JUSTICE PROGRAM, AND THE FEAST OF CRISPIAN-SOUTH PROGRAM FOR MILITARY VETERANS. OVER 33,000 POINTS OF CONTACT WERE CREATED DURING THE SEASON.
THE ORGANIZATION PROVIDED OVER 365 YEAR-ROUND EDUCATIONAL, TRAINING, AND OUTREACH PROGRAMS THAT ENGAGED OVER 30,000 STUDENT INTERACTIONS IN THE MEMPHIS AREA DURING 2022-23. THE ONLINE ACADEMY OFFERED OVER 60 COURSES, LECTURES, PLAYSHOPS, AND PERFORMANCES. PROGRAMS INCLUDED THE NATIONALLY- ACCLAIMED ROMEO AND JULIET PROJECT, WHICH BRINGS A 90-MINUTE PERFORMANCE OF THE PLAY AND THREE NON-VIOLENCE WORKSHOPS TO EVERY FRESHMAN IN PARTNERING TITLE 1 HIGH SCHOOLS. OTHER PROGRAMS INCLUDED THE SUCCESSFUL RETURN OF THE MACBETH INITIATIVE DELIVERED IN HIGH SCHOOLS TO SENIORS WHO EXPERIENCED THE PERFORMANCE ACCOMPANIED BY MULTIPLE PLAYSHOPS BASED ON THE PLAY'S THEMES; STUDENT MATINEES OF ROMEO AND JULIET AND MACBETH; IN-SCHOOL PLAYSHOPS; ARTS-IN-EDUCATION RESIDENCIES; FOUR SUMMER CAMPS; RESIDENCIES FOR ADJUDICATED YOUTH IN TWO MEMPHIS DETENTION FACILITIES; AND LONG-TERM RESIDENCIES FOR MILITARY VETERANS IN THE CHEMICAL DEPENDENCY/PTSD UNITS AT THE MEMPHIS V.A. HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mccleary Prod. Artist | Officer | 60 | $69,808 |
Douglas Baldwin Director | Trustee | 0.5 | $0 |
Rhea Clift Secretary | OfficerTrustee | 1 | $0 |
Nancy Copp Director | Trustee | 0.5 | $0 |
Kyle Tabor Furr Director | Trustee | 0.5 | $0 |
Kathryn K Gilliland Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,376 |
| Investment income | $671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,580 |
| Net Income from Fundraising Events | $168,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$511 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $827,046 |
| 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. | $61,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,693 |
| Payroll taxes | $25,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,334 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,938 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $632,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $325,157 |
| Pledges and grants receivable | $44,590 |
| Accounts receivable, net | $2,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,737 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,143 |
| Total assets | $2,967,612 |
| Accounts payable and accrued expenses | $4,008 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,008 |
| 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 | $2,963,604 |