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 09/2022, Florida Studio Theatre Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Studio Theatre 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 09/2020, Florida Studio Theatre Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $6.9m during the year ending 09/2020. While expenses have increased by 0.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

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 89, OR 22.25 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 47,000 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 ADULTS. 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
$196,680
Rebecca Hopkins
Managing Dir
$180,423
Dennis Mcgillicuddy
President
$0
Gaele Barthold
Director
$0
Neil Comber
Director
$0
Georgia Court
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$5,784,480
Investment income $243,017
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $122,545
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 $9,853,127

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Florida Studio Theatre Inc has recieved totaling $20,000.

Awarding OrganizationAmount
David & Ruth Gorton Family Charitable Foundation Inc

Sarasota, FL

PURPOSE: PERFORMING ARTS

$15,000
Richard & Gail Rubin Foundation Inc

New York, NY

PURPOSE: GENERAL

$2,500
Ruth Rogers Hoyt Foundation Inc

Atlanta, GA

PURPOSE: PROMOTION OF MUSIC AND THE ARTS

$2,000
Storper Fam Foundation

West Hartford, CT

PURPOSE: DONATION

$500
View Grant Recipient Profile

Endowment Analysis

Peer Organizations

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