Idaho Shakespeare Festival Inc
- Assets
- $10.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 71
- Location
- Boise, ID
- Founding
- 08/1975
- Data as of
- 10/2021
- EIN
- 82-0316246
Organization Overview
Idaho Shakespeare Festival Inc is located in Boise, ID. The organization was established in 1975. 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 10/2023, Idaho Shakespeare Festival Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho 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 10/2021, Idaho Shakespeare Festival Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.6m during the year ending 10/2021. While expenses have increased by 0.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FESTIVAL'S MISSION IS TO PRODUCE GREAT THEATER, ENTERTAIN AND EDUCATE. TO REALIZE THIS MISSION, THE FESTIVAL SEEKS TO: DEVELOP AN ARTISITIC HOME FOR THEATER ARTISTS THAT SUPPORTS EMERGING ACTORS, ENCOURAGES NEW REGIONAL AND NATIONAL PLAYWRIGHTS, PROMOTES OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDAHO SHAKESPEARE FESTIVAL PROFESSIONAL PRODUCTIONS OF SHAKESPEARE AND OTHER PLAYS DURING THE SUMMER MONTHS AND EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shavonna Case President | OfficerTrustee | 5 | $0 |
Darren Board Vice President, Finance | OfficerTrustee | 2 | $0 |
Maji Daines Vice President, Fundraisin | OfficerTrustee | 2 | $0 |
J Kevin West Vice President, Board Oper | OfficerTrustee | 2 | $0 |
Alexander Toeldte Secretary | OfficerTrustee | 1 | $0 |
Vernon Banks Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,260,827 |
| Investment income | $24,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,690 |
| Net Income from Fundraising Events | $145,671 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,266,602 |
| Statement of Expenses | |
|---|---|
| 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. | $338,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,225,976 |
| Pension plan accruals and contributions | $42,539 |
| Other employee benefits | $265,967 |
| Payroll taxes | $111,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,420 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,415 |
| Office expenses | $115,928 |
| Information technology | $45,699 |
| Royalties | $0 |
| Occupancy | $225,857 |
| Travel | $296,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,903 |
| Insurance | $39,344 |
| All other expenses | $0 |
| Total functional expenses | $3,593,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,262,568 |
| Savings and temporary cash investments | $2,556,374 |
| Pledges and grants receivable | $831,838 |
| Accounts receivable, net | $70,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,489 |
| Prepaid expenses and deferred charges | $110,126 |
| Investments—publicly traded securities | $785,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,912,684 |
| Accounts payable and accrued expenses | $21,770 |
| Grants payable | $0 |
| Deferred revenue | $79,831 |
| 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 | $101,601 |
| Net assets without donor restrictions | $8,395,575 |
| Net assets with donor restrictions | $2,415,508 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,811,083 |