Kentucky Shakespeare Festival Inc
- Assets
- $820.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Louisville, KY
- Founding
- 07/1965
- Data as of
- 08/2022
- EIN
- 61-6036654
Organization Overview
Kentucky Shakespeare Festival Inc is located in Louisville, KY. The organization was established in 1965. 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 08/2022, Kentucky Shakespeare Festival Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky 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 08/2022, Kentucky Shakespeare Festival Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. While expenses have increased by 7.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING COMMUNITIES THROUGH ACCESSIBLE, INCLUSIVE, PROFESSIONAL THEATRE EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OFFICIAL SHAKESPEARE FESTIVAL OF THE COMMONWEALTH OF KENTUCKY, KENTUCKY SHAKESPEARE, INC. PRODUCES A SEASON OF WILLIAM SHAKESPEARE PLAYS EACH SUMMER. EACH PRODUCTION IS PERFORMED BY PROFESSIONAL ACTORS AND IS FREE TO THE PUBLIC.
THE ORGANIZATION OPERATES AN EDUCATIONAL OUTREACH PROGRAM OFFERED THROUGHOUT THE KENTUCKIANA AREA WITH PROGRAMS FOR SCHOOLS, ADULTS, VETERANS, AND VULNERABLE GROUPS WITHIN THE COMMUNITY. KENTUCKY SHAKESPEARE, INC. IS THE MOST COMPREHENSIVE IN-SCHOOL ARTS EDUCATION PROVIDER IN THE COMMONWEALTH OF KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Wallace Producing Artistic Directo | Officer | 40 | $98,923 |
Anya Bond-Beckley Vice Chair | OfficerTrustee | 1 | $0 |
Kerry Wang Treasurer | OfficerTrustee | 1 | $0 |
Shannon Harris Secretary | OfficerTrustee | 1 | $0 |
Kay Madrick Howard Board Chair | OfficerTrustee | 1 | $0 |
Brad Comer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $291,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,736 |
| Noncash contributions included in lines 1a–1f | $7,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $937,153 |
| Total Program Service Revenue | $301,036 |
| 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 | $1,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,246,485 |
| 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. | $113,237 |
| Compensation of current officers, directors, key employees. | $19,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,432 |
| Payroll taxes | $30,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72 |
| Advertising and promotion | $53,118 |
| Office expenses | $22,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,155 |
| Travel | $20,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,193 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,082 |
| Insurance | $34,152 |
| All other expenses | $12,040 |
| Total functional expenses | $1,338,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $201,737 |
| Accounts receivable, net | $1,200 |
| 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 | $1,777 |
| Net Land, buildings, and equipment | $561,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $820,717 |
| Accounts payable and accrued expenses | $75,848 |
| Grants payable | $0 |
| Deferred revenue | $4,770 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $230,618 |
| Net assets without donor restrictions | $406,498 |
| Net assets with donor restrictions | $183,601 |
| 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 | $820,717 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Shakespeare Festival Inc has recieved totaling $213,377.
| Awarding Organization | Amount |
|---|---|
Fund For The Arts Inc Louisville, KY PURPOSE: Capital Grant, Sustaining Impact Grant, Arts in Learning, Partnership Grants | $175,877 |
Arts Midwest Minneapolis, MN PURPOSE: Shakepeare in American Communities: Juvenile Justice and Schools | $37,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |