Overview
What is Florida Studio Theatre Inc?
Florida Studio Theatre Inc, located in Sarasota, Florida, is a nonprofit organization committed to making theatre accessible to the public. With a mission to present theatre that challenges and entertains, they offer two main programs: Mainstage and Stage III. Mainstage focuses on contemporary American theatre, while Stage III presents socially significant productions. The theatre believes that theatre should not be a privilege, but a benefit for everyone, resulting in reasonable ticket prices. With a team of 209 employees, Florida Studio Theatre Inc fosters positive change in their community and beyond by creating a public forum for relevant issues.
Official website here: www.floridastudiotheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating) from Charity Navigator.
Florida Studio Theatre Inc demonstrates strong performance in accountability and finance, earning a high score of 96 in this area. The organization has a fully independent board, with 90% of its members being independent, and it maintains rigorous oversight practices. The lack of material asset diversion underscores its financial integrity, while a program expense ratio of 80.95% indicates a significant portion of its budget is directed towards its mission.
The organization also excels in community engagement, receiving a constituent feedback score of 100%. This reflects its commitment to gathering and utilizing feedback effectively, ensuring that stakeholder input is integrated into its operations. The equity strategies and policies are rated moderately at 79, suggesting room for improvement in promoting inclusivity and equity within its practices.
Overall, Florida Studio Theatre Inc stands out for its transparency, financial health, and commitment to stakeholder engagement. However, enhancing its equity strategies could further strengthen its mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Studio Theatre Inc legitimate?
Florida Studio Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Studio Theatre Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $377,103
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,907,392
For more financial information, click here
Official website here: www.floridastudiotheatre.org
What is the mission statement of Florida Studio Theatre Inc?
Florida Studio Theatre Inc is committed to making theatre accessible and affordable for a large audience. Their mission is to present theatre with both entertainment value and thought-provoking challenges. By creating a public forum for community discussions, they aim to foster positive change. The theatre operates with a strong sense of public trust. In essence, Florida Studio Theatre Inc strives to bring theatre to as many people as possible, engaging them in thoughtful and entertaining productions that spark dialogue and inspire growth.
Official website here: www.floridastudiotheatre.org
Who is the CEO of Florida Studio Theatre Inc?
Richard Hopkins is the Vice Preside of Florida Studio Theatre Inc.
Official website here: www.floridastudiotheatre.org
What is the revenue of Florida Studio Theatre Inc?
Florida Studio Theatre Inc's revenue in 2022 was $17,095,702.
Official website here: www.floridastudiotheatre.org
Who are the executives of Florida Studio Theatre Inc and what are their salaries?
The average compensation at Florida Studio Theatre Inc during 2022 was $20,500. There are 209 employees and 282 volunteers at Florida Studio Theatre Inc.
Here are 10 key members and their salaries:
- Compensation: $196,680
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- Compensation: $180,423
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Official website here: www.floridastudiotheatre.org
Where can I find the form 990 for Florida Studio Theatre Inc?
Florida Studio Theatre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floridastudiotheatre.org
Learn more at the official website: www.floridastudiotheatre.org
Mission Statement of Florida Studio Theatre Inc
Florida Studio Theatre Inc, a renowned nonprofit organization, is dedicated to making theatre an affordable and accessible form of art for a wide audience. With a passion for both challenging and entertaining performances, Florida Studio Theatre aims to create a public forum where community issues can be discussed and foster positive change. Operating under the public trust, this esteemed institution presents theatre productions that not only engage and entertain but also encourage meaningful dialogue and reflection. By maintaining this mission, Florida Studio Theatre continues to enrich the community and beyond with its thought-provoking and impactful performances.
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Impact
October, 2024
Florida Studio Theatre Inc significantly enriches the cultural landscape of Sarasota and the surrounding region. By prioritizing affordability and accessibility, it encourages a diverse audience to engage in the performing arts, breaking down barriers that often limit participation. Its flagship Mainstage program presents high-quality contemporary American theatre, addressing themes that resonate with a dynamic world, while Stage III focuses on socially relevant productions that challenge and stimulate audience thought. This commitment not only entertains but also invites dialogue on pressing social issues, fostering a greater understanding and connection within the community.
Through its efforts, Florida Studio Theatre cultivates an environment where theatre is viewed as a vital public forum, promoting positive change and inclusivity. By maintaining reasonable ticket prices, such as the average $22.25 per show for its four-play subscription, it ensures that theatre experiences are accessible to a broader demographic. Ultimately, Florida Studio Theatre plays a crucial role in nurturing a vibrant arts culture, enhancing community cohesion, and inspiring meaningful connections among its patrons.
This information is meant to be a general summary of Florida Studio Theatre Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $526,639
- Program Service Revenue: $5,987,098
- Gross Receipts: $17,114,133
Assets and Liabilities:
- Total Assets: $50,410,553
- Total Liabilities: $4,239,807
- Net Assets: $46,170,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE PRODUCTIONS
Revenue
$4,528,661
CABARET CONCESSIONS
Revenue
$1,288,782
EDUCATION PROGRAMS & TOURS
Revenue
$169,655
Organization Details
Founding Year
1974
Phone
(941) 366-9017Principal Officer
Richard Hopkins
Main Address
1241 NORTH PALM AVENUE, SARASOTA, FL, 34236
Website
www.floridastudiotheatre.orgNTEE Category
Code: A650 - Arts
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