Alabama Shakespeare Festival Inc
- Assets
- $7.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 253
- Location
- Montgomery, AL
- Founding
- 01/1976
- Data as of
- 09/2022
- 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 09/2023, Alabama Shakespeare Festival Inc employed 253 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 09/2022, Alabama Shakespeare Festival Inc generated $8.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $7.8m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
2022
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:
Part 3 - Line 4a
ALABAMA SHAKESPEARE FESTIVAL OFFERED 7 PRODUCTIONS WITH 176 TOTAL PERFORMANCES DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. IN ADDITION TO THE RESIDENT PRODUCTIONS, THE FESTIVAL CONTINUED TO OFFER A HOST OF PROGRAMS FOR EDUCATORS AS WELL AS THEATRE ENTHUSIASTS OF ALL AGES. THE FESTIVAL SPONSORED READINGS, PRODUCTIONS AND WORKSHOPS THROUGH THE SOUTHERN WRITERS' PROJECT FESTIVAL OF NEW PLAYS. A VARIETY OF EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR WERE OFFERED FOR ADULTS AND CHILDREN INCLUDING THEATRE IN THE MIND PROGRAMS, TEACHER SEMINARS, SCHOOLFEST PERFORMANCES,CAMP SHAKESPEARE, AND THE ASF ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Head Board Member | Trustee | 1 | $0 |
Alexander H Carothers III Secretary | OfficerTrustee | 1 | $0 |
Barrie Harmon III Board Member | Trustee | 1 | $0 |
Billy Livings Board Member | Trustee | 1 | $0 |
Bob Vardaman Board Member | Trustee | 1 | $0 |
Carl Barker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $349,407 |
| Related organizations | $536,495 |
| Government grants | $2,566,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,120,055 |
| Noncash contributions included in lines 1a–1f | $99,513 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,572,199 |
| Total Program Service Revenue | $976,025 |
| Investment income | $8,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $827 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $116,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,108 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,829,408 |
| 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. | $366,637 |
| Compensation of current officers, directors, key employees. | $38,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,660,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $500,978 |
| Payroll taxes | $348,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,766 |
| Fees for services: Accounting | $112,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,268 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $251,991 |
| Office expenses | $329,205 |
| Information technology | $82,239 |
| Royalties | $80,349 |
| Occupancy | $895,375 |
| Travel | $278,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,525 |
| Interest | $67,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,157 |
| Insurance | $121,753 |
| All other expenses | $15,532 |
| Total functional expenses | $7,842,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,728,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $713,674 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $230,332 |
| Inventories for sale or use | $165,450 |
| Prepaid expenses and deferred charges | $94,434 |
| Net Land, buildings, and equipment | $4,399,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,332,207 |
| Accounts payable and accrued expenses | $383,169 |
| Grants payable | $0 |
| Deferred revenue | $316,689 |
| 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 | $168,897 |
| Other liabilities | $0 |
| Total liabilities | $868,755 |
| Net assets without donor restrictions | $5,380,800 |
| Net assets with donor restrictions | $1,082,652 |
| 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 | $7,332,207 |