Virginia Stage Company
- Assets
- $8.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 73
- Location
- Norfolk, VA
- Founding
- 07/1968
- Data as of
- 06/2021
- EIN
- 54-0839234
Organization Overview
Virginia Stage Company is located in Norfolk, VA. The organization was established in 1968. 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 06/2021, Virginia Stage Company employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Stage 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, Virginia Stage Company generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION OF THEATRICAL ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIA STAGE COMPANY ("VSC") IS SOUTHEASTERN VIRGINIA'S LEADING REGIONAL NON-PROFIT THEATRE, SERVING AN AUDIENCE OF OVER 58,000+ ANNUALLY IN NON-PANDEMIC TIMES, BOTH AT THE WELLS THEATRE AND THROUGHOUT THE COMMUNITY. VSC'S MISSION IS TO ENRICH, EDUCATE, AND ENTERTAIN THE REGION BY CREATING AND PRODUCING THEATRICAL ART OF THE HIGHEST QUALITY. VSC CONNECTS THE HAMPTON ROADS COMMUNITY THROUGH INITIATIVES THAT ENRICH LIVES AND ESTABLISH RELATIONSHIPS WITH ARTISTS AND AUDIENCES FOR THE FUTURE. VSC HAS HELPED LEAD THE CHARGE IN PRODUCING THE HIGHEST QUALITY PRODUCTIONS IN OUR REGION. OVER THE COURSE OF OUR 43-YEAR HISTORY, VSC HAS PRODUCED ALMOST 4,700 PERFORMANCES OF CLOSE TO 240 PLAYS, INCLUDING 28 WORLD PREMIERES AND 15 PULITZER PRIZE-WINNING PLAYS. IN FULFILLMENT OF VSC'S MISSION, PLAYS ARE SELECTED TO APPEAL TO ALL AGES, ETHNICITIES, AND RELIGIOUS BACKGROUNDS TO EXPAND VSC'S DIVERSE PATRONAGE.
OUR EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMMING STRIVES TO REFLECT THE NEEDS OF THE COMMUNITIES WE SERVE AND ADVOCATE FOR ARTS INTEGRATION AND EXPERIENCES THAT PROMOTE LITERACY, CHARACTER DEVELOPMENT, AND CRITICAL THINKING IN THE NEXT GENERATION. FOR OVER 22 YEARS, VIRGINIA STAGE COMPANY'S ("VSC") EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS HAVE BEEN COMMITTED TO FOSTERING A LOVE OF GREAT LITERATURE AND THE PERFORMING ARTS IN CHILDREN AND ADULTS ALIKE. VSC STRIVES TO DEEPEN THE COMMUNITY'S EXPOSURE TO TEACHING ARTISTS, PLAYWRIGHTS, DESIGNERS, AND PERFORMERS. SINCE ITS INCEPTION, VSC HAS IMPACTED OVER ONE MILLION STUDENTS AND TEACHERS IN THE GREATER HAMPTON ROADS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Ann P Stokes President | OfficerTrustee | 0.3 | $0 |
Mr Richard Boykin Secretary | OfficerTrustee | 0.3 | $0 |
Mr Steve Fuschetti Interim Vice President | OfficerTrustee | 0.3 | $0 |
Mrs Karen Dzupinka Tresurer | OfficerTrustee | 0.3 | $0 |
Mrs Carole Aitken Director | Trustee | 0.3 | $0 |
Mrs Donna Bausch Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $358,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,291,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,650,368 |
| Total Program Service Revenue | $66,339 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,339 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,723 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,787,061 |
| 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 | $908,134 |
| Pension plan accruals and contributions | $9,344 |
| Other employee benefits | $53,672 |
| Payroll taxes | $110,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,480 |
| Advertising and promotion | $49,674 |
| Office expenses | $89,610 |
| Information technology | $0 |
| Royalties | $8,750 |
| Occupancy | $150,786 |
| Travel | $24,696 |
| 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 | $227,605 |
| Insurance | $29,138 |
| All other expenses | $73,834 |
| Total functional expenses | $1,790,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $869,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,590,133 |
| Accounts receivable, net | $151,513 |
| 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 | $26,457 |
| Net Land, buildings, and equipment | $4,662,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,742 |
| Total assets | $8,331,152 |
| Accounts payable and accrued expenses | $167,587 |
| Grants payable | $0 |
| Deferred revenue | $578,931 |
| 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 | $746,518 |
| Net assets without donor restrictions | $2,771,398 |
| Net assets with donor restrictions | $4,813,236 |
| 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 | $8,331,152 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Virginia Stage Company has recieved totaling $591,985.
| Awarding Organization | Amount |
|---|---|
The Patricia And Douglas Perry Foundation Norfolk, VA PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $175,000 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $100,000 |
Business Consortium For Arts Supp Norfolk, VA PURPOSE: ART SUPPORT | $83,160 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $65,000 |
Goode Family Foundation Norfolk, VA PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $50,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $49,000 |
Endowment Analysis
| Beg. Balance | $161,393 |
| Net Contributions | $54,165 |
| Ending Balance | $215,558 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shakespeare Theatre Washington, DC | $65,973,767 | $13,307,263 |
Ford S Theatre Society Washington, DC | $70,916,217 | $19,576,339 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Woolly Mammoth Theatre Co Washington, DC | $10,084,762 | $5,303,229 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Studio Theatre Inc Washington, DC | $29,626,352 | $6,176,456 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
The Everyman Theatre Incorporated Baltimore, MD | $14,728,446 | $4,835,696 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |