Island Shakespeare Festival
- Assets
- $106.1k
- Revenue
- $190.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Langley, WA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3267929
Organization Overview
Island Shakespeare Festival is located in Langley, WA. The organization was established in 2014. 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 12/2021, Island Shakespeare Festival employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Shakespeare Festival 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 12/2021, Island Shakespeare Festival generated $190.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $222.3k during the year ending 12/2021. While expenses have increased by 9.6% 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
DRAWING UPON SHAKESPEARE'S TIMELESS EXPLORATION OF THE HUMAN SPIRIT, ISLAND SHAKESPEARE FESTIVAL STRIVES TO REFLECT, RENEW, AND REDEFINE THE DIVERSITY OF THE HUMAN EXPERIENCE THROUGH PERFORMANCES, WORKSHOPS, AND EDUCATIONAL OPPORTUNITIES BY PROVIDING FREE CLASSICAL THEATER IN INNOVATIVE AND COMPELLING WAYS, WE INTEND TO IGNITE THE POWER OF THEATER TO ILLUMINATE, INSPIRE, AND FOSTER OUR ABILITY TO LIVE, LOCALLY AND GLOBALLY, IN CONNECTION TO EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTING LIVE OUTDOOR SHAKESPEAREAN THEATRE - IN 2021, DUE TO CAUTION CAUSED BY COVID INFECTION LEVELS AND NECESSARY STATE AND FEDERAL COVID PROTOCOLS, THE ORGANIZATION PRODUCED ONLY ONE LIVE THEATRE PRODUCTION. THE ORGANIZATION HAS PLANS TO RETURN TO THREE LIVE THEATRE PRODUCTIONS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Fisher Treasurer | OfficerTrustee | 15 | $0 |
Cassidy Patnoe Secretary | OfficerTrustee | 1 | $0 |
Roxanne Shephard Vice President | OfficerTrustee | 2 | $0 |
Rob Scott President | OfficerTrustee | 25 | $0 |
Jeff Natter Director | Trustee | 5 | $0 |
Christina Parker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,731 |
| Total Program Service Revenue | $51,880 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,856 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,518 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,704 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,868 |
| Advertising and promotion | $11,033 |
| Office expenses | $2,528 |
| Information technology | $3,143 |
| Royalties | $0 |
| Occupancy | $4,765 |
| Travel | $259 |
| 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 | $9,700 |
| Insurance | $5,991 |
| All other expenses | $10,414 |
| Total functional expenses | $222,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,083 |
| Savings and temporary cash investments | $59,733 |
| 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 | $4,000 |
| Prepaid expenses and deferred charges | $2,750 |
| Net Land, buildings, and equipment | $28,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $106,064 |
| 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 | $63,100 |
| Other liabilities | $2,000 |
| Total liabilities | $65,100 |
| Net assets without donor restrictions | $40,964 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $106,064 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Island Shakespeare Festival has recieved totaling $5,140.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
5th Avenue Theatre Association Seattle, WA | $19,781,467 | $22,661,308 |
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |
A Contemporary Theatre Inc Seattle, WA | $4,152,223 | $6,596,754 |
Portland Center Stage Portland, OR | $4,466,227 | $5,640,293 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Artists Repertory Theatre Portland, OR | $14,727,144 | $2,680,665 |
Idaho Shakespeare Festival Inc Boise, ID | $8,329,786 | $2,964,259 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Tower Theatre Foundation Inc Bend, OR | $3,447,410 | $2,473,687 |
Lakewood Theatre Company Lake Oswego, OR | $5,470,972 | $2,767,462 |