Asolo Theater Inc

Organization Overview

Asolo Theater Inc is located in Sarasota, FL. The organization was established in 1987. 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 06/2021, Asolo Theater Inc employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asolo Theater 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 06/2020, Asolo Theater Inc generated $11.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $10.3m during the year ending 06/2020. 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

ENTERTAIN, ENGAGE AND INSPIRE THROUGH THE HIGHEST QUALITY PROFESSIONAL REPERTORY THEATRE AND SUPERIOR EDUCATIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASOLO REPERTORY'S RESIDENT SEASON CREATES A CENTER FOR THEATRICAL EXCELLENCE FOR A LOCAL, REGIONAL AND NATIONAL COMMUNITY. FROM CLASSICS TO CONTEMPORARY DRAMAS TO BROADWAY-BOUND MUSICALS AND NEWLY COMMISSIONED WORK, ALL PERFORMED IN THE RAREST FORM OF ROTATING REPERTORY. ASOLO REP IS A THEATRE DISTRICT IN ITSELF. EACH SEASON, ASOLO REP MOUNTS UP TO TEN PRODUCTIONS AND TWO HUNDRED FIFTY PERFORMANCES ON TWO STAGES, FOR MORE THAN EIGHTY THOUSAND PEOPLE ANNUALLY.


THE FSU/ASOLO CONSERVATORY FOR ACTOR TRAINING IS A RIGOROUS THREE-YEAR M.F.A GRADUATE PROGRAM CONNECTED TO ASOLO REPERTORY. IT IS RANKED IN THE TOP TEN ACTOR TRAINING PROGRAMS BY THE NEW YORK TIMES. MORE THAN TWO THOUSAND AUDITION ANNUALLY FOR A MERE TWELVE SLOTS.


THE SCENE AND COSTUME SHOPS CREATE PHYSICAL ELEMENTS FOR THE PRODUCTIONS AND CONTRIBUTE TO THE QUALITY PROFESSIONAL THEATRICAL EXPERIENCE FOR ASOLO REPERTORY, THE FSU/ASOLO CONSERVATORY FOR ACTOR TRAINING AND OTHERS, SUCH AS THE TAMPA BAY PERFORMING ARTS CENTER AND THE SARASOTA OPERA.


ASOLO REPERTORY'S RESIDENT SEASON CREATES A CENTER FOR THEATRICAL EXCELLENCE FOR A LOCAL, REGIONAL AND NATIONAL COMMUNITY. FROM CLASSICS TO CONTEMPORARY DRAMAS TO BROADWAY-BOUND MUSICALS AND NEWLY COMMISSIONED WORK, ALL PERFORMED IN THE RAREST FORM OF ROTATING REPERTORY. ASOLO REP IS A THEATRE DISTRICT IN ITSELF. EACH SEASON, ASOLO REP MOUNTS UP TO TEN PRODUCTIONS AND TWO HUNDRED FIFTY PERFORMANCES ON TWO STAGES, FOR MORE THAN EIGHTY THOUSAND PEOPLE ANNUALLY.


THE FSU/ASOLO CONSERVATORY FOR ACTOR TRAINING IS A RIGOROUS THREE-YEAR M.F.A GRADUATE PROGRAM CONNECTED TO ASOLO REPERTORY. IT IS RANKED IN THE TOP TEN ACTOR TRAINING PROGRAMS BY THE NEW YORK TIMES. MORE THAN TWO THOUSAND AUDITION ANNUALLY FOR A MERE TWELVE SLOTS.


THE SCENE AND COSTUME SHOPS CREATE PHYSICAL ELEMENTS FOR THE PRODUCTIONS AND CONTRIBUTE TO THE QUALITY PROFESSIONAL THEATRICAL EXPERIENCE FOR ASOLO REPERTORY, THE FSU/ASOLO CONSERVATORY FOR ACTOR TRAINING AND OTHERS, SUCH AS THE TAMPA BAY PERFORMING ARTS CENTER AND THE SARASOTA OPERA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pj Hayes Inc Dba Tandem Constructi
Expansion Construction
$230,985
Sweet Sparkman Architects
Expansion Architects
$129,544
Orlando Event Productions Llc
Gala Production
$115,202
Fsu Research Foundation
Fsu Student Stipends
$332,758
Sweet Sparkman Architects
Expansion Architects
$129,544
Orlando Event Productions Llc
Gala Production
$115,202
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$5,247,843
Investment income $690,197
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $550,973
Net Income from Fundraising Events -$132,307
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $10,493
Miscellaneous Revenue$0
Total Revenue $11,173,577

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Asolo Theater Inc has recieved totaling $1,161,161.

Awarding OrganizationAmount
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: ARTS & CULTURE

$444,992
Community Foundation Of Sarasota County Inc

Sarasota, FL

PURPOSE: CAPITAL PURCHASES, GENERAL SUPPORT, PROGRAM SUPPORT

$211,863
Roy Cockrum Foundation

Wilmington, DE

PURPOSE: ADDITIONAL FUNDING FOR THE PRODUCTION OF KNOXVILLE

$196,142
$110,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$107,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$40,150
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,635,394
Earnings$3,139,430
Net Contributions$3,304,997
Other Expense$766,067
Ending Balance$24,313,754

Peer Organizations

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