Chicago Shakespeare Theater
- Assets
- $57.0m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 231
- Location
- Chicago, IL
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 36-3467607
Organization Overview
Chicago Shakespeare Theater is located in Chicago, IL. The organization was established in 1987. 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 06/2022, Chicago Shakespeare Theater employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Shakespeare Theater 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 06/2022, Chicago Shakespeare Theater generated $17.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $12.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING TO LIFE THE PLAYS OF SHAKESPEARE AND PRESENT OTHER GREAT PERFORMANCES FOR AUDIENCES FROM ALL WALKS OF LIFE AND FROM AROUND THE GLOBE.
Describe the Organization's Program Activity:
(SEE SCHEDULE O)CHICAGO SHAKESPEARE THEATER'S YEAR-ROUND SEASON FEATURES AS MANY AS TWENTY PRODUCTIONS AND 650 PERFORMANCES, INCLUDING PLAYS, MUSICALS, WORLD PREMIERES, MULTIGENERATIONAL AND COMMUNITY PROGRAMMING, AND PRESENTATIONS FROM AROUND THE GLOBE. CHICAGO SHAKESPEARE'S ARTISTIC PROGRAM RANGES FROM VISCERAL INTERPRETATIONS OF SHAKESPEARE TO MODERN PLAYS AND MUSICALS, NEW WORK AND UNIQUE SITE-SPECIFIC, IMMERSIVE THEATRICAL EVENTS. EACH SEASON, THE THEATER COLLABORATES WITH RENOWNED INTERNATIONAL ARTISTS AND COMPANIES; DEVELOPS INNOVATIVE NEW WORK; AND PARTNERS WITH CHICAGO'S SCHOOLS, NEIGHBORHOODS, AND MORE THAN 600 COMMUNITY ORGANIZATIONS ACROSS THE CITY SERVING 225,000 AUDIENCE MEMBERS ANNUALLY, WITH ONE IN FOUR UNDER THE AGE OF EIGHTEEN. THE COMPANY SPEARHEADED SHAKESPEARE 400 CHICAGO, CELEBRATING SHAKESPEARE'S LEGACY IN A CITYWIDE, YEARLONG INTERNATIONAL ARTS AND CULTURE FESTIVAL, WHICH ENGAGED 1.1 MILLION PEOPLE. THE THEATER'S NATIONALLY ACCLAIMED ARTS-IN-LITERACY PROGRAMS SUPPORT THE WORK OF ENGLISH AND DRAMA TEACHERS, AND BRING SHAKESPEARE TO LIFE ON STAGE FOR TENS OF THOUSANDS OF THEIR STUDENTS EACH SCHOOL YEAR. OVER THE SUMMER, THE COMPANY TOURS A PROFESSIONAL PRODUCTION OF SHAKESPEARE'S WORK, FREE FOR ALL, TO NEIGHBORHOOD PARKS ACROSS THE CITY. IN 2017 THE THEATER UNVEILED THE YARD AT CHICAGO SHAKESPEARE-WITH ITS INNOVATIVE DESIGN THAT HAS CHANGED THE SHAPE OF THEATER ARCHITECTURE. TOGETHER WITH THE JENTES FAMILY COURTYARD THEATER AND THE THOMA THEATER UPSTAIRS, THE YARD POSITIONS CHICAGO SHAKESPEARE AS THE CITY'S MOST VERSATILE PERFORMING ARTS CENTER. THE THEATER IS COMMITTED TO MAKING ITS FACILITY AND PERFORMANCES ACCESSIBLE TO ALL PATRONS, INCLUDING THOSE WHO ARE BLIND OR HAVE LOW VISION, THOSE WHO ARE DEAF OR HAVE HEARING LOSS, AND THOSE WITH MOBILITY DISABILITIES. CHICAGO SHAKESPEARE OFFERS AMERICAN SIGN LANGUAGE DUO-INTERPRETATION, OPEN CAPTIONING, AUDIO DESCRIPTION, TOUCH TOURS, AND LARGE-PRINT AND BRAILLE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan E Bulley III Director | Trustee | 2 | $0 |
Barbara Gaines Artistic Director | OfficerTrustee | 40 | $312,329 |
Binta Niambi Brown Director | Trustee | 2 | $0 |
Brayton B Alley Director | Trustee | 2 | $0 |
Brian W Duwe Director | Trustee | 2 | $0 |
C Gary Gerst Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Integrated Marketing Advertising | 6/29/22 | $215,678 |
Dyopath It Services | 6/29/22 | $121,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $760,922 |
| Related organizations | $0 |
| Government grants | $5,908,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,638,549 |
| Noncash contributions included in lines 1a–1f | $133,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,308,222 |
| Total Program Service Revenue | $2,694,452 |
| Investment income | $661,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $285,932 |
| Net Rental Income | -$88,713 |
| Net Gain/Loss on Asset Sales | $382,225 |
| Net Income from Fundraising Events | -$150,864 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $77,591 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,200,053 |
| 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. | $1,219,498 |
| Compensation of current officers, directors, key employees. | $368,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,280,303 |
| Pension plan accruals and contributions | $37,648 |
| Other employee benefits | $781,578 |
| Payroll taxes | $447,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,191 |
| Fees for services: Accounting | $87,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $650,599 |
| Office expenses | $31,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,149,016 |
| Travel | $19,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,339 |
| Interest | $135,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,203,038 |
| Insurance | $163,473 |
| All other expenses | $18,975 |
| Total functional expenses | $12,457,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,015 |
| Savings and temporary cash investments | $12,393,148 |
| Pledges and grants receivable | $3,236,685 |
| Accounts receivable, net | $170,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,206,760 |
| Net Land, buildings, and equipment | $23,463,893 |
| Investments—publicly traded securities | $14,449,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,099 |
| Total assets | $57,017,216 |
| Accounts payable and accrued expenses | $1,624,750 |
| Grants payable | $0 |
| Deferred revenue | $1,291,878 |
| Tax-exempt bond liabilities | $11,952,907 |
| 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 | $14,869,535 |
| Net assets without donor restrictions | $29,061,101 |
| Net assets with donor restrictions | $13,086,580 |
| 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 | $57,017,216 |