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 Vulnerability Assessment (Tuckman-Chang)

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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

SHAKESPEARE THEATRE COMPANY CREATES WORLD-CLASS (SEE SCHEDULE O FOR CONTINUATION)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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