Delaware Shakespeare Festival Inc
- Assets
- $264.9k
- Revenue
- $514.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Wilmington, DE
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 36-4535637
Organization Overview
Delaware Shakespeare Festival Inc is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Delaware Shakespeare Festival Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Shakespeare Festival 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 12/2023, Delaware Shakespeare Festival Inc generated $514.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $422.0k during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED BY SHAKESPEARE'S CREATIVE VISION AND THE BROAD SOCIETAL MIX OF AUDIENCES OF HIS ERA, DELAWARE SHAKESPEARE FESTIVAL BRINGS OUR COMMUNITY TOGETHER FOR VIBRANT THEATRE AND LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER FESTIVAL: THE SUMMER FESTIVAL PRESENTS A PROFESSIONAL SHAKESPEARE PRODUCTION EACH JULY ON THE GROUNDS OF ROCKWOOD PARK IN NEW CASTLE, DELAWARE. TICKET PRICES FOR THE SUMMER FESTIVAL ARE KEPT LOW SO THAT MANY MEMBERS OF THE COMMUNITY CAN ATTEND. PICNICKING AND PRE-SHOW ENTERTAINMENT CREATE A RELAXED, INFORMAL ENVIRONMENT FOR THE WHOLE FAMILY. REVENUE INCLUDES TICKETING FEES, CONCESSIONS, ETC. SHOWN ON SCHEDULE O.
SEASONAL PROGRAMMING: ACTORS TAKE THE STAGE FOR MUSIC, POETRY, AND READINGS FROM SHAKESPEARE AND RELATED WORKS FOR VALENTINE'S DAY AND HALLOWEEN. REVENUE INCLUDES TICKETING FEES.
COMMUNITY TOUR: THE COMMUNITY TOUR BRINGS A PROFESSIONAL SHAKESPEARE PRODUCTION TO INDIVIDUALS WITH LIMITED OR NO ACCESS TO THE ARTS WITH PERFORMANCES IN LOCATIONS SUCH AS HOMELESS SHELTERS, DETENTION FACILITIES, AND CENTERS FOR INDIVIDUALS WITH COGNITIVE OR PHYSICAL DISABILITIES. PERFORMANCES ARE OFFERED THROUGHOUT THE STATE AT NO CHARGE TO PARTNER ORGANIZATIONS. REVENUE INCLUDES TICKETING FEES, CONCESSIONS, ETC. REPORTED ON SCHEDULE O.
EDUCATION PROGRAMMING: THE CENTRAL PROGRAMS BRING THEATRE EDUCATION CLASS TO LOW-TO-MODERATE INCOME YOUTH, INCLUDING CLASSES IN AREA JUVENILE JUSTICE FACILITIES. IN A NORMAL YEAR, THE ORGANIZATION ALSO OPERATES COLLEGE APPRENTICE AND HIGH SCHOOL INTERNSHIP PROGRAMS WITH ITS SUMMER FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stradley Former Producing Artistic Director (resigned) | 40 | $56,996 | |
Mariah Ghant Artistic Director | Officer | 20 | $1,500 |
Robert Tombari Managing Director | Officer | 20 | $1,500 |
Julie Sulzbacher Russ President | OfficerTrustee | 1 | $0 |
S Todd Townsend Vice President | OfficerTrustee | 1 | $0 |
Susan Guariano Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,560 |
| Related organizations | $1,000 |
| Government grants | $120,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,530 |
| Noncash contributions included in lines 1a–1f | $6,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,712 |
| Total Program Service Revenue | $89,930 |
| 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 | $0 |
| Net Income from Gaming Activities | $305 |
| Net Income from Sales of Inventory | $6,205 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,084 |
| 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. | $116,483 |
| Compensation of current officers, directors, key employees. | $86,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,911 |
| Fees for services: Management | $15,906 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $150 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,727 |
| Office expenses | $2,882 |
| Information technology | $2,225 |
| Royalties | $0 |
| Occupancy | $12,152 |
| Travel | $5,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64 |
| Insurance | $8,635 |
| All other expenses | $34,575 |
| Total functional expenses | $421,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,777 |
| Savings and temporary cash investments | $80,943 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,910 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $264,910 |
| Total liabilities and net assets/fund balances | $264,910 |