Alabama Shakespeare Festival Inc
- Assets
- $8.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 159
- Location
- Montgomery, AL
- Founding
- 01/1976
- Data as of
- 09/2021
- EIN
- 63-0652734
Organization Overview
Alabama Shakespeare Festival Inc is located in Montgomery, AL. The organization was established in 1976. 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 09/2021, Alabama Shakespeare Festival Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama 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 09/2021, Alabama Shakespeare Festival Inc generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ALABAMA SHAKESPEARE FESTIVAL, THE STATE'S THEATER, BUILDS COMMUNITY BY ENGAGING, ENTERTAINING, AND INSPIRING PEOPLE WITH TRANSFORMATIVE THEATRICAL PRODUCTIONS AND COMPELLING EDUCATIONAL AND OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
ALABAMA SHAKESPEARE FESTIVAL OFFERED 2 PRODUCTIONS WITH 15 TOTAL PERFORMANCES DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Schmidt Executive Director | Officer | 40 | $177,183 |
Rick Dildine Artistic Director | Officer | 40 | $152,183 |
Eve Loeb Development Director | 40 | $112,801 | |
Gordon G Martin Chair | OfficerTrustee | 1 | $0 |
Eugene Stanaland Treasurer | OfficerTrustee | 1 | $0 |
The Honorable Vanzetta Mcpherson Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $495,680 |
| Government grants | $716,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,583,366 |
| Noncash contributions included in lines 1a–1f | $268,898 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,795,297 |
| Total Program Service Revenue | $51,715 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $56 |
| Net Rental Income | $3,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,719 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,904,984 |
| 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. | $393,875 |
| Compensation of current officers, directors, key employees. | $90,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,223,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,483 |
| Payroll taxes | $117,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,547 |
| Fees for services: Accounting | $85,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,683 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $124,725 |
| Office expenses | $158,600 |
| Information technology | $0 |
| Royalties | $3,750 |
| Occupancy | $458,865 |
| Travel | $61,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $410 |
| Interest | $70,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,336 |
| Insurance | $114,026 |
| All other expenses | $1,075 |
| Total functional expenses | $3,212,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,822,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,228,497 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,094,228 |
| Inventories for sale or use | $158,438 |
| Prepaid expenses and deferred charges | $130,651 |
| Net Land, buildings, and equipment | $1,710,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,144,651 |
| Accounts payable and accrued expenses | $578,728 |
| Grants payable | $0 |
| Deferred revenue | $1,907,182 |
| 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 | $182,501 |
| Other liabilities | $0 |
| Total liabilities | $2,668,411 |
| Net assets without donor restrictions | $3,174,493 |
| Net assets with donor restrictions | $2,301,747 |
| 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 | $8,144,651 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Alabama Shakespeare Festival Inc has recieved totaling $659,728.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $175,000 |
Hearst Foundation Inc New York, NY PURPOSE: OPERATING SUPPORT | $75,000 |
We3 Fund Montgomery, AL PURPOSE: GENERAL FUND | $59,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $40,000 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $35,000 |
Hill Crest Foundation Inc Mountain Brook, AL PURPOSE: SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $12,948,297 |
| Earnings | $2,219,867 |
| Admin Expense | $85,448 |
| Net Contributions | $145,862 |
| Grants | $602,463 |
| Ending Balance | $14,626,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asolo Theater Inc Sarasota, FL | $39,065,744 | $11,173,577 |
Riverside Theatre Inc Vero Beach, FL | $44,506,198 | $8,851,736 |
Florida Studio Theatre Inc Sarasota, FL | $37,267,894 | $9,853,127 |
Venice Theatre Inc Venice, FL | $7,118,612 | $5,710,001 |
The Naples Players Inc Naples, FL | $22,577,856 | $12,453,721 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Actors Playhouse Productions Inc Coral Gables, FL | $3,896,011 | $4,416,783 |
Orlando Shakespeare Theater Inc Orlando, FL | $6,529,809 | $4,359,887 |
Tampa Theatre Inc Tampa, FL | $11,330,345 | $3,845,345 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
Orlando Repertory Theatre Inc Orlando, FL | $2,714,960 | $3,553,699 |
Gulfshore Playhouse Inc Naples, FL | $41,093,370 | $22,898,859 |