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Arts, Culture, Humanities : Performing Arts

Florida Studio Theatre

Sarasota's Contemporary Theatre

85.82

1241 North Palm Avenue Sarasota, FL 34236
tel: (941) 366-9017   Web Site
EIN: 23-7362760

Board Leadership
Dennis McGillicuddy
President

CEO
Richard Hopkins
Artistic Director, CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 85.82
  Financial 86.71
  Accountability & Transparency 85.00
This rating was published 12/01/2021 and includes data from FY2020, the most recent 990 received at that time.

Florida Studio Theatre (FST) is Sarasota's contemporary theatre, located in the heart of downtown. It has been in operation in Sarasota since 1973. The Florida Studio Theatre campus is a village of theatres: the historic Keating and Gompertz Theatres, and the Parisian-style Goldstein and John C. Court Cabarets. Near the Sarasota bayfront, FST brings an energy and vitality to the downtown area. Each theatre is small in size and large in impact, providing an intimate and engaging setting for high-quality, professional performances.

Florida Studio Theatre (FST) is Sarasota's contemporary theatre, located in the heart of downtown. It has been in operation in Sarasota since 1973. The Florida Studio Theatre campus is a village of theatres: the historic Keating and Gompertz Theatres, and the Parisian-style Goldstein and John C. Court Cabarets. Near the Sarasota bayfront, FST brings an energy and vitality to the downtown area. Each theatre is small in size and large in impact, providing an intimate and engaging setting for high-quality, professional performances.

Financial

86.71

Accountability & Transparency

85.00

This rating was published 12/01/2021 and includes data from FY2020, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
79.2%
  Administrative Expenses 16.9%
  Fundraising Expenses 3.7%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 4.31
  Program Expenses Growth -2.1%
  Liabilities to Assets 12.2%
All data for Financial Performance Metrics calculations was provided by Florida Studio Theatre on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Florida Studio Theatre on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Florida Studio Theatre (FL) 85.82
Hale Centre Theatre (UT) 91.45
Folksbiene Yiddish Theatre (NY) 85.52
Cleveland Public Theatre (OH) 92.22
Marin Shakespeare Company (CA) 90.87

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,294,423
   Federated Campaigns $0
   Membership Dues $339,370
   Fundraising Events $0
   Related Organizations $0
   Government Grants $150,687
Total Contributions $5,784,480
   Program Service Revenue $3,562,142
Total Primary Revenue $9,346,622
   Other Revenue $506,505
TOTAL REVENUE $9,853,127
   
EXPENSES  
   Program Expenses $5,395,358
   Administrative Expenses $1,247,696
   Fundraising Expenses $265,582
TOTAL FUNCTIONAL EXPENSES $6,908,636
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,944,491
   
Net Assets $32,692,288

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Theater Productions $4,113,980 76.3%
Education and Touring $696,252 12.9%
Cabaret Concessions $585,126 10.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2020-09 12/01/2021 85.82
2019-09 11/01/2020 89.02
2018-09 06/01/2019 88.01
2017-09 08/01/2018 77.97
2016-09 12/01/2017 78.30
2015-09 11/01/2016 88.47
2014-09 06/01/2016 89.08
 
CN 2.0
2014-09 10/01/2015 88.34
2013-09 11/01/2014 88.67
2012-09 04/01/2014 89.30

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7362760
Name in IRS Master File FLORIDA STUDIO THEATRE INC
NTEE Code A65
NTEE Classification Theater
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (90) Cultural performances
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1974
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
  • September, 2013
Compensation % of Expenses Paid to Title
$154,896 2.24% Rebecca Hopkins Managing Director
Other Salaries of Note
$171,117 2.47% Richard Hopkins Vice President

Highly Rated

Charity Name & State Overall Score Overall Rating
Florida Studio Theatre (FL) 85.82
Lincoln Center Theater (NY) 94.07
Unicorn Theatre (MO) 87.32
The Irish Repertory Theatre (NY) 92.22
Folksbiene Yiddish Theatre (NY) 85.52

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Charity Contact Info

Florida Studio Theatre
1241 North Palm Avenue
Sarasota, FL 34236
tel: (941) 366-9017
EIN: 23-7362760

Visit Web Site

Board Leadership

Dennis McGillicuddy
President

CEO

Richard Hopkins
Artistic Director, CEO

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