Stratford Shakespearean Festival Of America
- Assets
- $1.9m
- Revenue
- $4.0m
- Investments
- $7.8k
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 09/1982
- Data as of
- 10/2023
- EIN
- 38-2420887
Organization Overview
Stratford Shakespearean Festival Of America is located in Birmingham, MI. The organization was established in 1982. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Stratford Shakespearean Festival Of America 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 10/2023, Stratford Shakespearean Festival Of America generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $3.9m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 4 years. 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
THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA (FOA) RECEIVES TAX-DEDUCTIBLE CONTRIBUTIONS WITHIN THE UNITED STATES IN SUPPORT OF SHAKESPEAREAN AND OTHER CLASSICAL AND CONTEMPORARY THEATRE. FOA PROVIDES A COMMUNICATION VEHICLE FOR MEMBER GROUPS WHO SUPPORT THE FESTIVAL THROUGH EDUCATION PROGRAMS, AUDIENCE DEVELOPMENT AND FUND RAISING ACTIVITIES. FOA PROMOTES INTEREST IN, AND THE STUDY OF, THE ARTS, THROUGH TWO EDUCATIONAL PROGRAMS: WORKSHOPS IN MICHIGAN THAT INTRODUCE STUDENTS TO SHAKESPEARE AND SUPPORT TEACHERS IN THE DRAMA-BASED TEACHING OF SHAKESPEARE'S PLAYS, AND SUPPORT OF THE BIRMINGHAM CONSERVATORY FOR CLASSICAL THEATRE TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL REVENUE GENERATED BY THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") IN 2022 WAS $3,962,432. FOA AWARDED $3,458,714 IN GRANTS IN SUPPORT OF THE STRATFORD SHAKESPEAREAN FESTIVAL OF CANADA'S ACTIVITIES IN 2022. 58,435 TICKETS WERE SOLD FOR THE STRATFORD SHAKESPEAREAN FESTIVAL TO VISITORS ORIGINATING IN THE UNITED STATES IN 2022. FOA MAINTAINS LOW OPERATING EXPENSES AND IS ABLE TO DEDICATE THE MAJORITY OF FUNDS IT RAISES TO SUPPORT THE CREATION OF SHAKESPEAREAN AND OTHER CLASSICAL THEATRE.
THE TOTAL REVENUE GENERATED BY THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") IN 2022 WAS $3,962,432. FOA AWARDED $352,653 IN GRANT SUPPORT OF THE STRATFORD SHAKESPEAREAN FESTIVAL ENDOWMENT FOUNDATION ("ENDOWMENT"). THE ENDOWMENT HAS HELPED FUND SPECIFIC INITIATIVES INCLUDING NEW PLAY DEVELOPMENT, EDUCATION AND CLASSICAL THEATRE COACHING, AUDIENCE OUTREACH AND ENHANCEMENT OF THE STRATFORD THEATRE FACILITIES.
THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") HOLDS EDUCATIONAL WORKSHOPS IN MICHIGAN THAT INTRODUCE STUDENTS TO SHAKESPEARE IN A DYNAMIC AND ENGAGING WAY, SUPPORTS TEACHER IN THE DRAMA-BASED TEACHING OF SHAKESPEARE'S PLAY AND BUILDS AWARENESS IN MICHIGAN OF THE STRATFORD SHAKESPEAREAN FESTIVAL OF CANADA. THIS PROGRAM GENERATE REVENUE OF $17,910 AND EXPENSES OF $6,812 IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gardner Trustee/chair | OfficerTrustee | 1 | $0 |
Catherine Arias Trustee/treasurer | OfficerTrustee | 1 | $0 |
Kevin Turner Trustee/vice-Chair | OfficerTrustee | 1 | $0 |
Martha Schubert Trustee/secretary | OfficerTrustee | 1 | $0 |
Vivienne Lee Trustee | Trustee | 1 | $0 |
Matthew Pickus Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,924,632 |
| Noncash contributions included in lines 1a–1f | $130,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,924,632 |
| Total Program Service Revenue | $17,910 |
| Investment income | $19,890 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,962,432 |
| 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 | $3,811,367 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,179 |
| Fees for services: Accounting | $19,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,812 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,934,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,180,505 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,792 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,880,906 |
| Accounts payable and accrued expenses | $31,701 |
| 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 | $54,392 |
| Total liabilities | $86,093 |
| Net assets without donor restrictions | $825,236 |
| Net assets with donor restrictions | $969,577 |
| 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 | $1,880,906 |