Texas Shakespeare Festival Foundation
- Assets
- $556.1k
- Revenue
- $402.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Kilgore, TX
- Founding
- 05/1995
- Data as of
- 08/2021
- EIN
- 75-2560413
Organization Overview
Texas Shakespeare Festival Foundation is located in Kilgore, TX. The organization was established in 1995. 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 08/2021, Texas Shakespeare Festival Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Shakespeare Festival Foundation 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 08/2021, Texas Shakespeare Festival Foundation generated $402.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $308.7k during the year ending 08/2021. While expenses have increased by 8.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TEXAS SHAKESPEARE FESTIVAL FOUNDATION IS SOLELY TO SUPPORT THE KILGORE COLLEGE-TEXAS SHAKESPEARE FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TSF FOUNDATION GIVES SUPPORT TO KILGORE COLLEGE SO THAT IT MIGHT HAVE THE TEXAS SHAKESPEARE FESTIVAL EACH SUMMER. KILGORE COLLEGE HIRES PROFESSIONAL ACTORS TO PERFORM SHAKESPEARE PLAYS AND OTHE PLAYS FOR THE PUBLIC DURING THE MONTH OF JULY.
MEMBER OF THE TEXAS SHAKESPEARE FESTIVAL GUILD - A COMMITTEE OF THE TSF FOUNDATION SUPPORTS THE PARTICIPANT INVOLVED PERFORMANCES, SET BUILDING, COSTUMES DESIGNERS,TECHNICAL DIRECTORS AND ACTORS. BASIC MEMBERSHIP TO THE TSF GUILD IS $35.00
NO OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Decarlo Dir. Of Donor Relations | 30 | $60,518 | |
Linda Craig President | OfficerTrustee | 10 | $0 |
Mike Starr Vice Pres. | OfficerTrustee | 1 | $0 |
Brenda Linton Treasurer | OfficerTrustee | 5 | $0 |
Darren Groce Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,855 |
| Fundraising events | $26,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,780 |
| Total Program Service Revenue | $0 |
| Investment income | $5,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $198,068 |
| 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. | $43,103 |
| 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 | $9,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,189 |
| Advertising and promotion | $3,070 |
| Office expenses | $3,228 |
| Information technology | $429 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,576 |
| All other expenses | $0 |
| Total functional expenses | $308,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | -$9,830 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $290,587 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,087 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $103,650 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $452,437 |
| Total liabilities and net assets/fund balances | $556,087 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Texas Shakespeare Festival Foundation has recieved totaling $46,650.
| Awarding Organization | Amount |
|---|---|
East Texas Communties Foundation Inc Tyler, TX PURPOSE: General Support | $20,765 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $20,681 |
Bess L Rayford Foundation Henderson, TX PURPOSE: GENERAL FUNDS,& BLACK BOX THEATER PROJECT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $204 |
Endowment Analysis
| Beg. Balance | $142,576 |
| Earnings | $33,983 |
| Net Contributions | $114,028 |
| Ending Balance | $290,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimbell Art Foundation Fort Worth, TX | $668,076,057 | $22,208,896 |
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |