Kentucky Shakespeare Festival Inc

Organization Overview

Kentucky Shakespeare Festival Inc is located in Louisville, KY. The organization was established in 1965. 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 08/2023, Kentucky Shakespeare Festival Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Shakespeare Festival 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 08/2023, Kentucky Shakespeare Festival Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. While expenses have increased by 7.0% per year over the past 5 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

ENRICHING COMMUNITIES THROUGH ACCESSIBLE, INCLUSIVE, PROFESSIONAL THEATRE EXPERIENCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OFFICIAL SHAKESPEARE FESTIVAL OF THE COMMONWEALTH OF KENTUCKY, KENTUCKY SHAKESPEARE, INC. IS A PROFESSIONAL THEATRE COMPANY PRODUCING A SEASON OF WILLIAM SHAKESPEARE PLAYS EACH SUMMER. KENTUCKY SHAKESPEARE FESTIVAL IN CENTRAL PARK IS THE LONGEST RUNNING FREE, NON-TICKETED SHAKESPEARE FESTIVAL IN THE UNITED STATES. OTHER PERFORMANCES BY KENTUCKY SHAKESPEARE, INC. INCLUDE SHAKESPEARE IN THE PARKS TOUR, SHAKESPEARE IN THE LIBRARIES TOUR, AND INDOOR PRODUCTIONS.


THE ORGANIZATION OPERATES AN EDUCATIONAL OUTREACH PROGRAM OFFERED THROUGHOUT THE KENTUCKIANA AREA WITH PROGRAMS FOR SCHOOLS, ADULTS, VETERANS, AND VULNERABLE GROUPS WITHIN THE COMMUNITY. KENTUCKY SHAKESPEARE, INC. IS THE MOST COMPREHENSIVE IN-SCHOOL ARTS EDUCATION PROVIDER IN THE COMMONWEALTH OF KENTUCKY.


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Board, Officers & Key Employees

Name (title)Compensation
Kay Madrick
Board Chair
$0
Anya Bond-Beckley
Vice Chair
$0
Kerry Wang
Treasurer
$0
Shannon Harris
Secretary
$0
Brad Comer
Director
$0
Emily Crawford
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$12,825
Related organizations$0
Government grants $156,622
All other contributions, gifts, grants, and similar amounts not included above$689,460
Noncash contributions included in lines 1a–1f $5,000
Total Revenue from Contributions, Gifts, Grants & Similar$858,907
Total Program Service Revenue$434,019
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$11,568
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,295,667

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