Alabama Shakespeare Festival Endowment Tr
- Assets
- $54.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 06/1994
- Data as of
- 09/2023
- EIN
- 63-6183677
Organization Overview
Alabama Shakespeare Festival Endowment Tr is located in Montgomery, AL. The organization was established in 1994. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Shakespeare Festival Endowment Tr 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 09/2023, Alabama Shakespeare Festival Endowment Tr generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.6m during the year ending 09/2023. While expenses have increased by 7.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ENDOWMENT TRUST IS CREATED EXCLUSIVELY FOR THE CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES OF THE ALABAMA SHAKESPEARE FESTIVAL, INC., A NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO THE ALABAMA SHAKESPEARE FESTIVAL, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Birmingham Trustee | Trustee | 1 | $0 |
Dan Harris Trustee | Trustee | 1 | $0 |
Dr Laurie Jean Weil Trustee | Trustee | 1 | $0 |
Eugene Stanaland Trustee | Trustee | 1 | $0 |
James K Lowder Trustee - Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $658,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,878 |
| Total Program Service Revenue | $0 |
| Investment income | $271,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,774,420 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $85,627 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $764,441 |
| Insurance | $0 |
| All other expenses | $15,004 |
| Total functional expenses | $2,640,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,989,271 |
| Accounts receivable, net | $1,569 |
| 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 | $0 |
| Net Land, buildings, and equipment | $37,691,760 |
| Investments—publicly traded securities | $12,997,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,324 |
| Total assets | $54,482,654 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,263,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,657 |
| Total liabilities | $1,495,657 |
| Net assets without donor restrictions | $45,045,054 |
| Net assets with donor restrictions | $7,941,943 |
| 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 | $54,482,654 |