Florida Studio Theatre Inc

Organization Overview

Florida Studio Theatre Inc is located in Sarasota, FL. The organization was established in 1974. 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, Florida Studio Theatre Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2021, Florida Studio Theatre Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $5.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FLORIDA STUDIO THEATRE HOLDS THE FOLLOWING MISSION: TO MAKE THEATRE AFFORDABLE AND ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE; TO PRESENT THEATRE THAT CHALLENGES WITH AS MUCH GUSTO AS IT ENTERTAINS; TO CREATE A PUBLIC FORUM FOR THE ISSUES OF OUR DAY THAT WILL FOSTER POSITIVE CHANGE IN OUR COMMUNITY AND BEYOND; TO OPERATE WITHIN AND FOR THE PUBLIC TRUST .

Describe the Organization's Program Activity:

Part 3 - Line 4a

THEATER PRODUCTIONS: MAINSTAGE IS FST'S FLAGSHIP PROGRAM, PRODUCING THE BEST CONTEMPORARY AMERICAN THEATRE BY PRESENTING PLAYS THAT SPEAK TO A LIVING, EVOLVING, DYNAMICALLY CHANGING WORLD. STAGE III IS DEDICATED TO THE PRESENTATION OF SOCIALLY SIGNIFICANT PRODUCTIONS, STIMULATING AUDIENCES BY PRESENTING CHALLENGING CONTENT TO AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. IN ACCORDANCE WITH ITS MISSION POINT "TO MAKE THEATRE AFFORDABLE AND ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE", FST STAUNCHLY BELIEVES THAT THEATRE SHOULD NOT BE A PRIVILEGE OF THE FEW, BUT SHOULD BENEFIT EVERYONE. FST IS ABLE TO MAINTAIN REASONABLE TICKET PRICES; THE AVERAGE AMOUNT THAT A PERSON WILL PAY FOR A 4-PLAY SUBSCRIPTION TO THE MAINSTAGE SERIES IS 75, OR 18.91 PER SHOW.


EDUCATION & TOURING: THE WRITE A PLAY TOURING PROGRAM IMPACTS STUDENTS IN GRADES K-12, WITH A SPECIAL EMPHASIS ON UNDERSERVED YOUTH THROUGHOUT FLORIDA. DURING THE COURSE OF A SCHOOL YEAR, FST'S TOURS INSPIRE 55,000 CHILDREN AND TEENS TO WRITE THEIR OWN ORIGIONAL PLAYS THROUGH THE WRITE A PLAY ARTS IN EDUCATION INITIATIVE EACH YEAR. FST'S EDUCATION PROGRAM OFFERS CHILDREN AND ADULTS A WEALTH OF OPPORTUNITIES TO DISCOVER THEIR CREATIVITY. CLASSES ARE OFFERED EACH WEEK TO STUDENTS AGED 5-95 IN THEATRE, DANCE AND MUSIC. ACCESSIBILITY IS ENSURED THROUGH PROGRAMING FOR FINANCIALLY DISADVANTAGED, PHYSICALLY AND MENTALLY CHALLENGED YOUTH, AND NURSING HOME RESIDENTS. FST'S "CHILDREN'S SCHOLARSHIP PROGRAM" PROVIDES ABOUT 15% OF YOUTH WITH FULL OR PARTIAL TUITION WAIVERS, AND ADULT WORK/SCHOLARSHIPS IN WHICH PRICES ARE REDUCED IN EXCHANGE FOR VOLUNTEER HOURS WITH THE THEATRE, AND ARE AVAILABLE TO THOSE WITH A NEED.


CABARET CONCESSIONS: FST CABARET WAS ESTABLISHED TO DEVELOP NEW AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. OFFERING RESTAURANT AND BEVERAGE SERVICE, THE CABARET PROVIDES A RELAXED, INVITING ATMOSPHERE FOR PEOPLE WHO ARE NEW TO THE PERFORMING ARTS. ITS WARM, WELCOMING SPACE REDUCES SOCIAL BARRIERS TO THEATRE AND ENCOURAGES COMMUNICATION AND INTIMACY.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Hopkins
Vice Preside
$176,985
Rebecca Hopkins
Managing Dir
$159,588
Dennis Mcgillicuddy
President
$0
Neil Comber
Director
$0
Barbara Lupoff
Director
$0
Patricia Courtois
Secretary/tr
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$283,597
Fundraising events$0
Related organizations$0
Government grants $4,141,927
All other contributions, gifts, grants, and similar amounts not included above$5,377,289
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,802,813
Total Program Service Revenue$2,105,657
Investment income $388,876
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $170,942
Net Gain/Loss on Asset Sales -$3,427
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,484,936

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Florida Studio Theatre Inc has recieved totaling $227,375.

Awarding OrganizationAmount
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: ARTS & CULTURE

$206,175
Navigation Tr

Pittsford, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$6,000
Navigation Tr

Pittsford, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$6,000
David & Ruth Gorton Family Charitable Foundation Inc

Sarasota, FL

PURPOSE: PERFORMING ARTS

$5,000
Richard & Gail Rubin Foundation Inc

New York, NY

PURPOSE: GENERAL

$2,500
Haberman Family Foundation

Riverwoods, IL

PURPOSE: CHARITABLE

$700
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,793,663
Earnings$122,248
Net Contributions$58,067
Other Expense$14,898
Ending Balance$4,851,730

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