Nashville Shakespeare Festival
Fiscal Year
Fiscal Year Start
10/01/2023
Fiscal Year End
09/30/2024
Projected Revenue
$1,008,407.00
Projected Expenses
$1,008,407.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| nashville shakespeare festival irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $899,205.00 | $718,130.00 | $1,176,549.00 |
| Total Expenses | $899,872.00 | $830,042.00 | $716,187.00 |
| Revenue Less Expenses | ($667.00) | ($111,912.00) | $460,362.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $190,405.00 | $198,363.00 | $142,650.00 |
| Government - Federal | $25,000.00 | $15,000.00 | $0.00 |
| Government - State | $181,880.00 | $38,600.00 | $39,500.00 |
| Government - Local | $58,800.00 | $117,561.00 | $102,292.00 |
| Government - Unspecified | $0.00 | $0.00 | $502,891.00 |
| Contributions, Gifts, and Grants | $200,831.00 | $141,616.00 | $249,919.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $81,055.00 | $57,017.00 | $48,338.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $18.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $156,478.00 | $149,251.00 | $90,640.00 |
| Other | $4,756.00 | $722.00 | $301.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $689,866.00 | $656,860.00 | $583,878.00 |
| Administration Expense | $116,424.00 | $126,369.00 | $100,704.00 |
| Fundraising Expense | $93,582.00 | $46,813.00 | $31,605.00 |
| Total Revenue/Total Expenses | 100% | 87% | 164% |
| Program Expense/Total Expenses | 77% | 79% | 82% |
| Fundraising Expense/Contributed Revenue | 10% | 6% | 4% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $200,831.00 | Foundations and Corporations $198,363.00 | Government Grants $502,891.00 |
| Second Highest Funding Source & Dollar Amount | Foundations and Corporations $190,405.00 | Noncash Contributions $149,251.00 | Contributions, Gifts, and Grants $249,919.00 |
| Third Highest Funding Source & Dollar Amount | State Government Grants $181,880.00 | Contributions, Gifts, and Grants $141,616.00 | Foundations and Corporations $142,650.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $481,007.00 | $462,183.00 | $577,858.00 |
| Current Assets | $474,784.00 | $456,134.00 | $568,917.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $39,010.00 | $19,519.00 | $23,283.00 |
| Total Net Assets | $441,997.00 | $442,664.00 | $554,575.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
March
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The ongoing impact of the recent pandemic, along with other innate factors, has required NSF to adapt its funding models to rapidly changing circumstances. Nashville Shakespeare Festival weathered the loss of in-person programming (ticket sales and on-site donations are an important revenue stream) in 2020 and early 2021 with the help of an influx of individual and foundation support as well as federal, state, and local COVID-relief funds. In late FY21 and in FY22, a return to traditional activities (and revenues) was impacted by changes in individual giving trends and a series of unusually inclement weather events causing disproportionate outdoor-performance cancellations/low attendance. This negative impact has been tempered significantly in FY23 by further government COVID relief, allowing NSF to reduce anticipated deficits even as we implement strategies to ensure a stronger return to traditional revenue streams in the near future and as the arts sector continues to rebound and rebuild stronger audience engagement. |
Foundation Staff Comments
| Starting in 2021-2022 FY, Financial Details compiled from Audit. Financial documents completed by UHY, LLC. Prior to 2021-2022, financial figures taken from 990. In some of those years, schedule B removed to protect donor privacy. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. State, Local and Federal Grants may be included in Government Unspecified as these amounts are not separated in Form 990. Comments provided by Nicole Rose 01/08/2024. |
