THE SHAKESPEARE THEATRE

EIN: 521405988 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$20,417,623
Total Expenses
$25,021,598
Total Assets
$65,453,793
Net Assets
$47,440,785
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
DC
Principal Officer
ANGELA GIERAS
Phone
2025473230
Tax Period
2024-08-01 to 2025-07-31

THE SHAKESPEARE THEATRE, founded in 1985, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.4M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $25.0M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE SHAKESPEARE THEATRE COMPANY CREATES, PRESERVES AND PROMOTES CLASSIC THEATRE-AMBITIOUS, ENDURING PLAYS WITH UNIVERSAL THEMES-FOR ALL AUDIENCES. THROUGH THE CREATION OF PROVOCATIVE, IMAGINATIVE, AND ACCESSIBLE THEATRE, STC IGNITES A DIALOGUE THAT CONNECTS THE UNIVERSALITY OF CLASSIC WORKS TO THE SHARED HUMAN EXPERIENCES OF THE MODERN WORLD.

Program Service Accomplishments

Program 1
Expenses: $16,004,043 Revenue: $9,531,341

PERFORMING ARTS PROGRAMS: AT STC, A CLASSICAL PLAY IS DEFINED NOT ONLY BY THE CALIBER OF ITS LANGUAGE, BUT BY THE TIMELESSNESS OF THE HUMAN EXPERIENCES AND DILEMMAS IT ADDRESSES AND THE PROFOUND...

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PERFORMING ARTS PROGRAMS: AT STC, A CLASSICAL PLAY IS DEFINED NOT ONLY BY THE CALIBER OF ITS LANGUAGE, BUT BY THE TIMELESSNESS OF THE HUMAN EXPERIENCES AND DILEMMAS IT ADDRESSES AND THE PROFOUND QUESTIONS IT POSES. FAMILY, LOVE, POWER, CORRUPTION, ARE ALL THEMES WITH RELEVANCE TO PEOPLE REGARDLESS OF BACKGROUND, WHICH ARE ESPECIALLY TIMELY IN LIGHT OF CURRENT NATIONAL AND INTERNATIONAL POLITICAL, SOCIAL, AND ECONOMIC CHALLENGES.SINCE ITS FOUNDING IN 1985, STC HAS STAGED MORE THAN 150 PRODUCTIONS, INCLUDING EVERY PLAY IN SHAKESPEARE'S RECOGNIZED CANON, AND REACHED OVER 2.5 MILLION AUDIENCE MEMBERS. STC PRODUCES 6-7 MAINSTAGE PRODUCTIONS ANNUALLY. ARTISTIC DIRECTOR SIMON GODWIN CULTIVATES A SEASON OF NEW AND CLASSIC THEATRE RANGING FROM SHAKESPEARE PLAYS TO NEW REVIVALS AND WORLD PREMIERES, NEW COMMISSIONS, MUSICALS, AND INTERNATIONAL PRESENTATIONS, TELLING VITAL STORIES IN AUDACIOUS, NEW WAYS THAT SPEAK TO A WIDE AUDIENCE.SHAKESPEARE IS OUR MUSE, AND STC'S FRESH TAKES ON WELL-KNOWN PLAYS SOLIDIFIED STC'S REPUTATION AS T "THE NATION'S FOREMOST SHAKESPEARE COMPANY" (THE WALL STREET JOURNAL) (PRODUCING "A REPERTORY OF CLASSICS THAT NO NEW YORK THEATRE OF SIMILAR SIZE AND SCALE CAN MATCH" (THE NEW YORK TIMES). STC HAS ATTRACTED MAJOR RECOGNITION INCLUDING THE 2012 REGIONAL THEATRE TONY AWARD AND 100+ HELEN HAYES AWARDS.THE THEATRE COMMISSIONS ADAPTATIONS OF CLASSIC PLAYS SUCH AS AESCHYLUS'S "THE ORESTEIA" IN 2019, ADAPTED BY ELLEN MCLAUGHLIN AND "PETER PAN AND WENDY," AN ADAPTATION OF J.M. BARRY'S EARLY 20TH C. NOVEL BY AMERICAN PLAYWRIGHT LAUREN GUNDERSON. ARTISTIC DIRECTOR SIMON GODWIN HAS EXPANDED INTO AMERICAN CLASSICS, PRODUCING JAMES BALDWIN'S "THE AMEN CORNER" IN 2020, THE FIRST MAJOR PRODUCTION SINCE ITS 1955 PREMIERE AT HOWARD UNIVERSITY AND THORNTON WILDER'S PULITZER PRIZE WINNING OUR TOWN IN 2022. EQUITY, ACCESSIBILITY AND INCLUSIVITY ARE CORE TO STC'S MISSION. TO MAKE THE THEATRE MORE ACCESSIBLE, STC OFFERS FREE OR DISCOUNTED TICKETS TO STUDENTS, VETERANS, SENIORS, YOUNG PROFESSIONALS, AND OTHER COMMUNITY GROUPS THAT COULD NOT ATTEND OTHERWISE. STC'S COMMUNITY ENGAGEMENT PROGRAMS ARE FREE TO THE PUBLIC AND INCLUDE DISCUSSIONS CURATED BY STC'S STAFF, PODCASTS FEATURING INTERVIEWS WITH ARTISTS AND DIRECTORS FROM CURRENT PRODUCTIONS, PERFORMANCES BY LOCAL ARTISTS AND ART ORGANIZATIONS, WORKSHOPS, AND MORE.OUR TICKET AND SUBSCRIPTION SALES SHOW WE'RE DOING WORK THAT AUDIENCES ARE CLAMORING FOR: BETWEEN FY19 AND FY24, OUR SINGLE TICKET SALES ROSE 194% AND SUBSCRIPTIONS INCREASED BY 122%, BUCKING NATIONAL TRENDS IN THE THEATRE INDUSTRY.

Program 2
Expenses: $1,275,122 Revenue: $1,303,121

EDUCATION PROGRAMSSTC'S LEARNING DEPARTMENT HAS PROVIDED ARTS EDUCATION EXPERIENCES TO MORE THAN 100,000 CHILDREN AND ADULTS OVER THE PAST SEVERAL DECADES. THROUGH ACCESSIBLE, HIGH-CALIBER EDUCATION...

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EDUCATION PROGRAMSSTC'S LEARNING DEPARTMENT HAS PROVIDED ARTS EDUCATION EXPERIENCES TO MORE THAN 100,000 CHILDREN AND ADULTS OVER THE PAST SEVERAL DECADES. THROUGH ACCESSIBLE, HIGH-CALIBER EDUCATION PROGRAMS LED BY PROFESSIONAL TEACHING ARTISTS, STC TOUCHES PEOPLE OF ALL AGES AND BACKGROUNDS, AND THROUGH STC ACADEMY, ITS GRADUATE TRAINING PROGRAM, STC FOSTERS THE NEXT GENERATION OF CLASSICAL ARTISTS. RENAMED STC LEARNING, THE LEARNING TEAM MAINTAINS LONGTIME PARTNERSHIPS WITH ALL DC PUBLIC AND PUBLIC CHARTER SCHOOLS, AS WELL AS NUMEROUS SCHOOLS IN MARYLAND AND VIRGINIA. WORKING WITH LOCAL TEACHERS, STC INTEGRATES COMMON CORE-ALIGNED THEATRE ARTS EDUCATION PROGRAMMING INTO INDIVIDUAL CLASSROOMS. FOLLOWING SUCCESS DURING THE PANDEMIC, STC HAS DEVELOPED INNOVATIVE ONLINE PROGRAMS TO SERVE STUDENTS ACROSS THE COUNTRY. STC OFFERS A VARIETY OF EDUCATIONAL PROGRAMMING. THE LEARNING DEPARTMENT OFFERS THREE LEVELS OF ENGAGEMENT FOR MIDDLE AND HIGH SCHOOL STUDENTS: 1) STUDENT MATINEES, THE LARGEST EDUCATIONAL PROGRAM, BRING STUDENTS FROM THE DC, MARYLAND, AND VIRGINIA TO THE THEATRE FOR AN STC MATINEE AT VERY LOW COST, PROVIDING MANY STUDENTS THEIR FIRST INTRODUCTION TO LIVE THEATRE. PERFORMANCES ARE SUPPLEMENTED BY PRE-SHOW EDUCATIONAL MATERIALS AND POST-SHOW TALKBACKS; 2) WORKSHOPS PROVIDE TEACHING ARTISTS TO LOCAL CLASSROOMS FOR STUDENTS AND TEACHERS STUDYING SHAKESPEARE, USING PERFORMANCE-BASED ACTIVITIES TO PROMOTE ACTIVE LEARNING; AND 3) RESIDENCIES PROVIDE A CLASSROOM WITH 10 TEACHING ARTIST-LED WORKSHOPS, DURING WHICH STUDENTS EXPLORE PLAYS THROUGH A VARIETY OF LENSES INCLUDING SET DESIGN, COSTUMES, CHARACTER DEVELOPMENT, TEXT DISSECTION, AND MORE. STUDENTS THEN CHOOSE ONE OF THESE PLAYS AND CREATE A SCENE BASED ON WHAT THEY'VE LEARNED IN THEIR WORKSHOPS; THE WORK CULMINATES WITH STUDENTS FROM EACH CLASS PERFORMING THEIR SCENE AT A "FESTIVAL DAY" FOR FRIENDS AND FAMILY. STC ALSO OFFERS A VARIETY OF YEAR-ROUND ACTING CLASSES FOR YOUTH AND ADULTS, 10 WEEKS OF CAMP SHAKESPEARE EACH SUMMER FOR AGES 5 18, AND ADULT CLASSES IN ACTING AND PROFESSIONAL DEVELOPMENT FOR BOTH AMATEUR AND PROFESSIONAL ACTORS. REGULAR FREE PROGRAMS INCLUDE DISCUSSIONS AND "ASIDES," STC'S DRAMATURGICAL MAGAZINE PRODUCED FOR EACH PLAY.STC'S COMMUNITY ENGAGEMENT PROGRAMS BUILD CONNECTIONS WITH DC RESIDENTS AND LOCAL ARTISTS. IN PARTNERSHIP WITH HOWARD UNIVERSITY AND THE NATIONAL MUSEUM FOR AFRICAN AMERICAN HISTORY AND CULTURE, ACCESSIBLE PUBLIC PROGRAMMING WAS PROVIDED THROUGH A MONTH-LONG "AMEN BALDWIN! FESTIVAL" TO COMPLEMENT THE FIRST PRODUCTION OF JAMES BALDWIN'S AMEN CORNER SINCE IT PREMIERED AT HOWARD IN THE 1950S. THE FESTIVAL OFFERED A FILM SERIES, PERFORMANCES, EXHIBITIONS, LECTURES, AND MORE. STC REGULARLY PROVIDES DEMONSTRATIONS AND EDUCATIONAL MATERIALS FOR LOCAL FESTIVALS AND OFFERS VOLUNTEER AND APPRENTICE OPPORTUNITIES FOR COLLEGE STUDENTS.IN PARTNERSHIP WITH GEORGE WASHINGTON UNIVERSITY, STC HAS A MASTER OF FINE ARTS DEGREE TO TRAIN THE NEXT GENERATION OF ACTORS. THE ACADEMY FOR CLASSICAL ACTING (ACA) IS FULLY ACCREDITED AND HIGHLY COMPETITIVE. NOW IN ITS 25TH YEAR, THE ACA TYPICALLY ACCEPTS ONLY 18-20 APPLICANTS EACH YEAR TO ENSURE RIGOROUS, INTENSIVE TRAINING. STUDENTS OFTEN SERVE AS UNDERSTUDIES IN MAJOR STC PRODUCTIONS, AND ALUMNI PERFORM IN PROFESSIONAL THEATRE COMPANIES AROUND THE COUNTRY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,009,990
Program Service Revenue $10,834,462
Investment Income $465,535
Other Revenue $1,107,636
TOTAL REVENUE $20,417,623

Expense Breakdown

Grants Paid $89,838
Salaries & Benefits $11,929,604
Fundraising Expenses $2,588,749
Program Expenses $17,279,165
Other Expenses $13,002,156
TOTAL EXPENSES $25,021,598

Year-over-Year Comparison

2024 2023 Change
Revenue $20,417,623 $28,744,148 -0.3%
Expenses $25,021,598 $25,833,247 0.0%
Net Income $-4,603,975 $2,910,901 -2.6%
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
38
Independent Members
37
Employees
480
Volunteers
400

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
$586,907
Total Directors
39
$586,907
Key Employees
1
$200,403
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANITA ANTENUCCI CHAIR 10.00
Officer Director
$0 $0 $0
ABBE DAVID LOWELL VICE-CHAIR 10.00
Officer Director
$0 $0 $0
MICHAEL PAESE TREASURER 4.00
Officer Director
$0 $0 $0
EMILY LENZNER SECRETARY 4.00
Officer Director
$0 $0 $0
SIMON GODWIN ARTISTIC DIRECTOR 40.00
Officer Director
$364,737 $126,098 $490,835
ANGELA GIERAS EXECUTIVE DIRECTOR (NEW-PARTIAL YEAR) 40.00
Officer Director
$95,577 $495 $96,072
NICHOLAS W ALLARD BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL BAHAR BOARD MEMBER 2.00
Director
$0 $0 $0
JEFFREY D BAUMAN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL BERISS BOARD MEMBER 2.00
Director
$0 $0 $0
ROHIT BHAYANA BOARD MEMBER 2.00
Director
$0 $0 $0
LANDON BUTLER BOARD MEMBER 2.00
Director
$0 $0 $0
MONICA DIXON BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE ELMENDORF BOARD MEMBER 2.00
Director
$0 $0 $0
DR MARK EPSTEIN BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHANIE ERKILETIAN BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLE FRANCIS REYNOLDS BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT FRISCH BOARD MEMBER 2.00
Director
$0 $0 $0
MICHELLE GILLIS BOARD MEMBER 2.00
Director
$0 $0 $0
BARBARA HARMAN BOARD MEMBER 2.00
Director
$0 $0 $0
JANENE JACKSON BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT KAUFMANN BOARD MEMBER 2.00
Director
$0 $0 $0
SUDHAKAR KESAVAN BOARD MEMBER 2.00
Director
$0 $0 $0
SHARAPAT KESSLER BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL R KLEIN BOARD MEMBER 2.00
Director
$0 $0 $0
J KENDALL LOTT BOARD MEMBER 2.00
Director
$0 $0 $0
GAIL MACKINNON BOARD MEMBER 2.00
Director
$0 $0 $0
BERNARD F MCKAY BOARD MEMBER 2.00
Director
$0 $0 $0
MAUREEN MCMURPHY BOARD MEMBER 2.00
Director
$0 $0 $0
DR MICHELLE MCMURRAY-HEATH BOARD MEMBER 2.00
Director
$0 $0 $0
MELISSA A MOSS BOARD MEMBER 2.00
Director
$0 $0 $0
KARISHMA SHAH PAGE BOARD MEMBER 2.00
Director
$0 $0 $0
DAME KAREN PIERCE DCMG BOARD MEMBER 2.00
Director
$0 $0 $0
VINCENT ROBERTI BOARD MEMBER 2.00
Director
$0 $0 $0
KATHY RONDON BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN M RYAN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL SCHONEFIELD BOARD MEMBER 2.00
Director
$0 $0 $0
SUMEET SHRIVASTAVA BOARD MEMBER 2.00
Director
$0 $0 $0
ROB WILDER BOARD MEMBER 2.00
Director
$0 $0 $0
LAURA WILLUMSEN SENIOR DIRECTOR OF DEVELOPMENT 40.00
Key Emp
$187,440 $12,963 $200,403
NEAL RACIOPPO SENIOR DIRECTOR OF MARKETING AND PUBLIC RELATIONS 40.00
Highest
$138,907 $25,488 $164,395
JAMES ROEMER SENIOR DIRECTOR OF ADMINISTRATION 40.00
Highest
$135,809 $14,125 $149,934
JOANNA BARNHOUSE ASSOCIATE DIRECTOR OF DEVELOPMENT 40.00
Highest
$120,769 $10,854 $131,623
JOSEPH SMELSER SENIOR DIRECTOR OF PRODUCTION 40.00
Highest
$118,048 $21,696 $139,744
SHELAGH GRIMSHAW DIRECTOR OF CORPORATE AND GOVERNMENT RELATIONS 40.00
Highest
$109,754 $8,308 $118,062
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 $20,417,623 $25,021,598 $65,453,793 $-4,603,975
2024 $28,744,148 $25,833,247 $67,730,499 $2,910,901
2023 $15,190,951 $19,205,034 $64,257,141 $-4,014,083
2022 $22,720,775 $20,201,085 $68,738,785 $2,519,690
2021 $14,219,917 $10,426,674 $71,331,764 $3,793,243
2020 $13,307,263 $19,693,885 $65,973,767 $-6,386,622
2019 $18,108,545 $22,126,263 $71,167,205 $-4,017,718
2018 $24,192,285 $21,437,608 $75,300,729 $2,754,677
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