Overview
What is Stratford Shakespearean Festival Of America?
The Stratford Shakespearean Festival of America (FOA) is a nonprofit organization situated in Detroit, Michigan. Its primary mission is to foster interest in and the study of arts, specifically Shakespearean and other classical and contemporary theatre. FOA achieves this by receiving tax-deductible contributions within the U.S. and serving as a communication platform for member groups that support the Festival through various activities. These activities include education programs, audience development, and fundraising. Two significant educational initiatives offered by FOA are workshops in Michigan, which introduce students to Shakespeare and help teachers incorporate drama-based teaching of his plays, and the Chicago Fellows program of the Birmingham Conservatory for Classical Theatre Training. In 2021, FOA generated a total revenue of $3,446,915 and awarded grants of $5,565,862 to support the activities of the Stratford Shakespearean Festival of Canada. Additionally, 40,501 tickets were sold to U.S. visitors for the Stratford Shakespearean Festival in 2021. Despite these activities, FOA maintains low operating expenses, allowing them to allocate a significant portion of their funds towards supporting the creation of Shakespearean and other classical theatre productions.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Stratford Shakespearean Festival of America earns a Four-Star rating from Charity Navigator, signifying strong organizational performance, particularly in accountability and finance. The organization has a perfect score for its independent board composition, showing a commitment to governance with all members being independent and active in oversight. Their financial management is impressive, with a high program expense ratio indicating that most funds are directed toward their mission.
Strengths include a low fundraising efficiency ratio, demonstrating effective use of resources to generate funds, and solid financial practices with no material diversion of assets. The festival has established policies for conflict of interest, whistleblower protections, and document retention, ensuring transparency and accountability in its operations.
However, the organization has a working capital ratio that suggests some concern regarding liquidity, as it indicates that their reserves may cover less than half a year's expenses. While their financials are robust overall, this aspect may require ongoing monitoring to ensure sustainability in future years.
This AI summary has been generated from information found on Charity Navigator.
Is Stratford Shakespearean Festival Of America legitimate?
Stratford Shakespearean Festival Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stratford Shakespearean Festival Of America 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:
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What is the mission statement of Stratford Shakespearean Festival Of America?
The Stratford Shakespearean Festival of America (FOA) serves as a platform for tax-deductible contributions within the United States, primarily supporting Shakespearean and other classical and contemporary theatre. It serves as a communication hub for member groups, facilitating education programs, audience development, and fundraising activities. The organization's mission is to foster interest and study in the arts, achieving this through two educational programs. Firstly, workshops in Michigan introduce students to Shakespeare and guide teachers in drama-based teaching of his plays. Secondly, the Chicago Fellows program, under the Birmingham Conservatory for Classical Theatre Training, provides an opportunity for individual development in classical theatre.
Who is the CEO of Stratford Shakespearean Festival Of America?
Linda Rexer is the Trustee/Chair of Stratford Shakespearean Festival Of America.
What is the revenue of Stratford Shakespearean Festival Of America?
Stratford Shakespearean Festival Of America's revenue in 2022 was $3,446,915.
Who are the executives of Stratford Shakespearean Festival Of America and what are their salaries?
There 62 volunteers at Stratford Shakespearean Festival Of America.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Stratford Shakespearean Festival Of America?
Stratford Shakespearean Festival Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stratford Shakespearean Festival Of America
The Stratford Shakespearean Festival of America, in its mission, seeks to garner tax-deductible contributions within the United States, fostering support for Shakespearean and other classical and contemporary theatre. Serving as a communication platform for member groups, the organization encourages these entities to engage in educational programs, audience development, and fundraising activities, all geared towards promoting the arts. The Stratford Shakespearean Festival of America achieves this objective through two significant educational programs: workshops in Michigan, which aim to introduce students to the works of Shakespeare and empower teachers in integrating drama-based teaching methods into their curriculum, and the Chicago Fellows program of the Birmingham Conservatory for Classical Theatre Training. This program provides a platform for individuals to hone their skills in classical theatre, thereby contributing to the continued interest and study of the arts.
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Impact
July, 2024
The impact of the Stratford Shakespearean Festival Of America lies in its support and promotion of Shakespearean and other classical and contemporary theatre. Through tax-deductible contributions, the Festival fosters interest in the arts and provides educational programs for students and teachers. In 2021, the Festival generated significant revenue and awarded grants to support the activities of the Stratford Shakespearean Festival of Canada. By selling thousands of tickets to visitors from the United States, the Festival contributes to the cultural enrichment of audiences. With low operating expenses, the Festival dedicates a substantial portion of its funds to the creation of Shakespearean and classical theatre, thus preserving and celebrating these timeless art forms.
This information is meant to be a general summary of Stratford Shakespearean Festival Of America. 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: $858
- Program Service Revenue: $670
- Gross Receipts: $3,446,915
Assets and Liabilities:
- Total Assets: $1,853,435
- Total Liabilities: $81,556
- Net Assets: $1,771,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAM
Revenue
$670
Organization Details
Founding Year
1982
Phone
(313) 465-7226Principal Officer
Linda Rexer
Main Address
co Honigman 660 Woodward Ave, Detroit, MI, 48226
NTEE Category
Code: A65 - Arts
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