STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA

EIN: 382420887 501(c)(3)

Birmingham, MI

Total Revenue
$6,220,622
Total Expenses
$4,979,316
Total Assets
$3,040,713
Net Assets
$2,967,701
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MI
Principal Officer
Kevin Turner
Phone
2485677876
Tax Period
2024-11-01 to 2025-10-31

STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA, founded in 1982, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 20% operating margin.

Mission

The Stratford Shakespearean Festival of America (FOA) receives tax-deductible contributions within the US in support of Shakespearean and other theatre. FOA provides for member groups who support the Festival through education programs, audience development and fund raising activities. FOA promotes interest in, and the study of, the arts, through two educational programs.

Program Service Accomplishments

Program 1
Expenses: $3,327,567 Revenue: $0

TOTAL REVENUE GENERATED BY STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") IN 2024 WAS $6,220,622. FOA AWARDED $3,327,567 IN GRANTS IN SUPPORT OF STRATFORD SHAKESPEAREAN FESTIVAL OF CANADA'S...

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TOTAL REVENUE GENERATED BY STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") IN 2024 WAS $6,220,622. FOA AWARDED $3,327,567 IN GRANTS IN SUPPORT OF STRATFORD SHAKESPEAREAN FESTIVAL OF CANADA'S ACTIVITIES IN 2024. 61,423 TICKETS WERE SOLD FOR STRATFORD SHAKESPEAREAN FESTIVAL OF CANADA TO VISITORS ORIGINATING IN THE UNITED STATES IN 2024. FOA MAINTAINS LOW OPERATING EXPENSES AND IS ABLE TO DEDICATE THE MAJORITY OF FUNDS IT RAISES TO SUPPORT THE CREATION OF SHAKESPEAREAN AND OTHER CLASSICAL THEATRE.

Program 2
Expenses: $1,576,794 Revenue: $0

THE TOTAL REVENUE GENERATED BY THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") IN 2024 WAS $6,220,622. FOA AWARDED $1,576,794 IN GRANT SUPPORT OF THE STRATFORD SHAKESPEAREAN FESTIVAL...

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THE TOTAL REVENUE GENERATED BY THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") IN 2024 WAS $6,220,622. FOA AWARDED $1,576,794 IN GRANT SUPPORT OF THE STRATFORD SHAKESPEAREAN FESTIVAL ENDOWMENT FOUNDATION ("ENDOWMENT"). THE ENDOWMENT HAS HELPED FUND SPECIFIC INITIATIVES INCLUDING NEW PLAY DEVELOPMENT, EDUCATION AND CLASSICAL THEATRE COACHING, AUDIENCE OUTREACH AND ENHANCEMENT OF THE STRATFORD THEATRE FACILITIES.

Program 3
Expenses: $3,490 Revenue: $103

THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") HOLDS EDUCATIONAL WORKSHOPS IN MICHIGAN THAT INTRODUCE STUDENTS TO SHAKESPEARE IN A DYNAMIC AND ENGAGING WAY, SUPPORTS TEACHERS IN THE...

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THE STRATFORD SHAKESPEAREAN FESTIVAL OF AMERICA ("FOA") HOLDS EDUCATIONAL WORKSHOPS IN MICHIGAN THAT INTRODUCE STUDENTS TO SHAKESPEARE IN A DYNAMIC AND ENGAGING WAY, SUPPORTS TEACHERS IN THE DRAMA-BASED TEACHING OF SHAKESPEARE'S PLAYS AND BUILDS AWARENESS IN MICHIGAN OF THE STRATFORD SHAKESPEAREAN FESTIVAL OF CANADA. THIS PROGRAM GENERATED REVENUE OF $103 AND EXPENSES OF $3,490 IN 2023.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,194,543
Program Service Revenue $103
Investment Income $25,976
Other Revenue $0
TOTAL REVENUE $6,220,622

Expense Breakdown

Grants Paid $4,904,361
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,907,851
Other Expenses $74,955
TOTAL EXPENSES $4,979,316

Year-over-Year Comparison

2024 2023 Change
Revenue $6,220,622 $3,374,632 +0.8%
Expenses $4,979,316 $3,435,539 +0.4%
Net Income $1,241,306 $-60,907 -21.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN TURNER TRUSTEE/CHAIR 1
Officer Director
$0 $0 $0
MARTHA SCHUBERT TRUSTEE/VICE CHAIR 1
Officer Director
$0 $0 $0
JOHN PTASZNIK TRUSTEE/ TREASURER 1
Officer Director
$0 $0 $0
ERICA PERESMAN TRUSTEE/ SECRETARY 1
Officer Director
$0 $0 $0
JOHN GARDNER TRUSTEE/PAST CHAIR 1
Director
$0 $0 $0
LISA DOBBIN TRUSTEE 1
Director
$0 $0 $0
JULIA KEIM TRUSTEE 1
Director
$0 $0 $0
KIM KELLEY TRUSTEE 1
Director
$0 $0 $0
KELLI LANDES TRUSTEE 1
Director
$0 $0 $0
VIVIENNE LEE TRUSTEE 1
Director
$0 $0 $0
MATTHEW PICKUS TRUSTEE 1
Director
$0 $0 $0
MARTHA THORNTON MONTZKA TRUSTEE 1
Director
$0 $0 $0
DAVID ADAMS EX-OFFICIO 1
Director
$0 $0 $0
MARION BURR ASST SECRETARY 1
Officer
$0 $0 $0
DARRYL HURAS ASSISTANT TREASURER 1
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,220,622 $4,979,316 $3,040,713 $1,241,306
2024 $3,374,632 $3,435,539 $1,816,305 $-60,907
2023 $3,962,432 $3,934,224 $1,880,906 $28,208
2022 $3,446,915 $7,231,592 $1,853,435 $-3,784,677
2021 $4,304,680 $2,515,458 $5,643,372 $1,789,222
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