Austin Shakespeare Festival Co Inc
- Assets
- $296.5k
- Revenue
- $411.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 74-2420367
Organization Overview
Austin Shakespeare Festival Co Inc is located in Austin, TX. The organization was established in 1989. 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 12/2022, Austin Shakespeare Festival Co Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Shakespeare Festival Co 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 12/2022, Austin Shakespeare Festival Co Inc generated $411.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $405.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AUSTIN SHAKESPEARE PRESENTED 2 MAIN STAGE PRODUCTIONS AT THE LONG CENTER ROLLINS THEATRE, FREE SHAKESPEARE IN ZILKER PARK, YOUNG SHAKESPEARE AT THE CURTAIN THEATRE, 1 STAGED READING AT THE ROLLINS THEATRE, 1 STAGED READING IN WASHINGTON, DC AND 3 CABARETS AT PARKER JAZZ CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDOOR PRODUCTIONS: AUSTIN SHAKESPEARE PRESENTED 2 MAINSTAGE PRODUCTIONS AT THE LONG CENTER ROLLINS THEATRE. JANE AUSTEN'S SENSE AND SENSIBILITY WAS THE HIGHEST GROSSING PRODUCTION IN COMPANY HISTORY AND HIGHLY ACCLAIMED. OUR CO-PRODUCTION WITH THE AUSTIN CHAMBER MUSICAL FESTIVAL ON SHAKESPEARE'S THE WINTER'S TALE MARKED THE FIFTH TIME THE COMPANY HAS APPEARED AT THIS PRESTIGIOUS FESTIVAL.
EDUCATION: AUSTIN SHAKESPEARE OFFERS EDUCATION PROGRAMS TO AREA SCHOOLS AND EDUCATIONALLY-ORIENTED FACILITIES
OUTDOOR PRODUCTIONS: AUSTIN SHAKESPEARE RETURNED WITH ITS FIRST IN-PERSON PRODUCTION OF FREE SHAKESPEARE IN ZILKER PARK WITH A PRODUCTION OF A MIDSUMMER NIGHT'S DREAM. OUR FIRST OUTDOOR MAINSTAGE PRODUCTION SINCE 2019 WAS VERY WELL-ATTENDED AND A WAS A MUCH NEEDED RETURN OF FREE THEATER IN OUR COMMUNITY. YOUNG SHAKESPEARE PRESENTED ITS 14TH YEAR WITH LOVE'S LABOR'S LOST. PERFORMED AT THE CURTAIN THEATRE, AUSTIN'S REPLICA OF AN ELIZABETHAN THEATER, THE PRODUCTION FEATURED 18 TEEN PERFORMERS IN 7 PUBLIC PERFORMANCES. THIS IS A RARE OPPORTUNITY FOR STUDENTS TO REHEARSE AND PERFORM ON THE TYPE OF STAGE FOR WHICH SHAKESPEARE WROTE HIS PLAYS.
STAGED READINGS: OUR STAGED READING OF RAND'S THE FOUNTAINHEAD WAS PERFORMED AT THE OBJECTIVIST CONFERENCE TO A SMALL, BUT ENTHUSIASTIC AUDIENCE. THIS MARKED OUR FOURTH APPEARANCE AT OCON. OUR STAGED READING OF TENNESSEE WILLIAMS' THE GLASS MENAGERIE FEATURED AN ALL-AFRICAN AMERICAN CAST AND FEATURED WELL-KNOWN ACTRESS FRANCHELLE S. DORN. OUR STAGED READING OF AGATHA CHRISTIE'S THE HOLLOW WAS A SMALL SUCCESS, PERFORMED AT KMFA RADIO'S DRAYLEN MASON STUDIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Ciccolella Artistic Director | Officer | 40 | $69,000 |
Alex Alford Managing Director | Officer | 40 | $66,000 |
Helen Foster Director | Trustee | 2 | $0 |
Kathleen Higgins Director | Trustee | 2 | $0 |
Jay Cruz Director | Trustee | 2 | $0 |
Shanee Woodbridge Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,950 |
| Related organizations | $0 |
| Government grants | $109,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,120 |
| Noncash contributions included in lines 1a–1f | $56,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,488 |
| Total Program Service Revenue | $91,145 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $470 |
| Net Income from Gaming Activities | $17,819 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $135,000 |
| Compensation of current officers, directors, key employees. | $46,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,845 |
| Advertising and promotion | $18,444 |
| Office expenses | $17,221 |
| Information technology | $0 |
| Royalties | $1,160 |
| Occupancy | $7,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,135 |
| All other expenses | $0 |
| Total functional expenses | $405,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,482 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $296,482 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $296,482 |
| Total liabilities and net assets/fund balances | $296,482 |