Spoleto Festival U S A
- Assets
- $19.2m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 336
- Location
- Charleston, SC
- Founding
- 09/1978
- Data as of
- 08/2023
- EIN
- 57-0660848
Organization Overview
Spoleto Festival U S A is located in Charleston, SC. The organization was established in 1978. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Spoleto Festival U S A employed 336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spoleto Festival U S A 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 08/2023, Spoleto Festival U S A generated $9.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $10.5m during the year ending 08/2023. While expenses have increased by 0.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPOLETO RUNS A 17-DAY, INTERNATIONALLY ACCLAIMED, PERFORMING ARTS FESTIVAL EACH SPRING IN CHARLESTON, SC. ARTISTS FROM AROUND THE WORLD PRESENT A BROAD ARRAY OF DANCE, OPERA, MUSIC, AND THEATER IN MULTIPLE VENUES THROUGHOUT THE CITY.
Describe the Organization's Program Activity:
FOR 17 DAYS AND NIGHTS EACH SPRING, SPOLETO FESTIVAL USA FILLS CHARLESTON, SOUTH CAROLINA'S HISTORIC THEATERS, CHURCHES, AND OUTDOOR SPACES WITH PERFORMANCES BY RENOWNED ARTISTS, AS WELL AS EMERGING PERFORMERS IN DANCE, MUSIC, OPERA, AND THEATER. SPOLETO FESTIVAL IS INTERNATIONALLY RECOGNIZED AS AMERICA'S PREMIER PERFORMING ARTS FESTIVAL. THE 2023 FESTIVAL INCLUDED OVER 100 PERFORMANCES ENJOYED BY OVER 43,000 ATTENDEES.
SPOLETO IS HEAVILY INVOLVED IN COMMUNITY ENGAGEMENT AND ARTS EDUCATION, PARTNERING WITH LOCAL ELEMENTARY SCHOOLS AND A LOCAL YOUTH JAZZ ACADEMY TO PROVIDE ARTIST LED WORKSHOPS AND OPPORTUNITIES TO ATTEND PERFORMANCES. A PROGRAM CALLED "TELL YOUR STORY" ALLOWS CHARLESTONIANS TO PARTNER WITH ORCHESTRA FELLOWS TO CREATE ORAL HISTORIES ACCOMPANIED BY COMPOSITION. A "PAY WHAT YOU WILL" PROGRAM AND "OPEN STAGE DOOR" PROGRAM PROVIDE LOW PRICED AND COMPLIMENTARY TICKETS TO COMMUNITY BASED NON-PROFIT ORGANIZATIONS AND THOSE WITHOUT MEANS TO EXPERIENCE WORLD-CLASS PERFORMANCES.
EACH YEAR THE FESTIVAL DEVELOPS A FESTIVAL CHORUS AND ORCHESTRA WITH MORE THAN 100 MUSICIANS. THROUGH NATIONWIDE AUDITIONS, A TALENTED GROUP OF YOUNG PROFESSIONALS AND STUDENTS ARE SELECTED FOR A RESIDENT ENSEMBLE. THE FESTIVAL ORCHESTRA HAS PROVEN TO BE ONE OF THE FINEST OPPORTUNITIES FOR YOUNG MUSICIANS TO GAIN EXTENSIVE PERFORMANCE EXPERIENCE. ALUMNI OF THE SPOLETO FESTIVAL ORCHESTRA CAN BE FOUND IN ALMOST EVERY PROFESSIONAL ORCHESTRA IN THE UNITED STATES AND MANY ABROAD.
ANNUALLY THE FESTIVAL PROVIDES AN APPRENTICESHIP PROGRAM FOR SHORT-TERM INTENSIVE AND EXCITING LEARNING OPPORTUNITIES ABOUT THE WORLD OF PERFORMING ARTS. FIFTY COLLEGE STUDENTS ACQUIRED HANDS-ON EXPERIENCE UNDER THE GUIDANCE OF PROFESSIONAL ARTS ADMINISTRATORS AND TECHNICIANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Richard J Almeida Director | Trustee | 0.3 | $0 |
Mr Dean Porter Andrews Director | Trustee | 0.3 | $0 |
Mr Larry Antonatos Director | Trustee | 0.3 | $0 |
Mrs Katharine I Bachmann Director | Trustee | 0.3 | $0 |
Mr Steven D Balzer Director | Trustee | 0.3 | $0 |
Ms Judith N Batty Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
College Of Charleston Facility Rentals | 8/30/23 | $409,170 |
The Gaillard Management Corporation Facility Rentals | 8/30/23 | $239,760 |
4wall Entertainment Inc Sound And Lighting | 8/30/23 | $169,050 |
Hamilton Scenic Scenery Production And Set Up | 8/30/23 | $173,240 |
Tts Studios Llc Scenery Production And Set Up | 8/30/23 | $151,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,782 |
| Related organizations | $0 |
| Government grants | $900,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,873,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,917,632 |
| Total Program Service Revenue | $3,033,540 |
| Investment income | $97,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $357,591 |
| Net Gain/Loss on Asset Sales | $980,159 |
| Net Income from Fundraising Events | $255,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,642 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,561,997 |
| 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. | $468,848 |
| Compensation of current officers, directors, key employees. | $99,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,916,555 |
| Pension plan accruals and contributions | $107,927 |
| Other employee benefits | $266,413 |
| Payroll taxes | $247,359 |
| 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 | $7,930 |
| Fees for services: Other | $151,471 |
| Advertising and promotion | $317,489 |
| Office expenses | $812,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,351 |
| Travel | $1,280,340 |
| 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 | $552,917 |
| Insurance | $214,896 |
| All other expenses | $0 |
| Total functional expenses | $10,503,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $995,758 |
| Accounts receivable, net | $255,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,898 |
| Prepaid expenses and deferred charges | $188,901 |
| Net Land, buildings, and equipment | $4,574,805 |
| Investments—publicly traded securities | $12,609,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,155 |
| Total assets | $19,173,036 |
| Accounts payable and accrued expenses | $191,510 |
| Grants payable | $0 |
| Deferred revenue | $266,364 |
| 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 | $2,748,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,517 |
| Total liabilities | $3,208,341 |
| Net assets without donor restrictions | $2,211,907 |
| Net assets with donor restrictions | $13,752,788 |
| 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 | $19,173,036 |