AREA STAGE INC

EIN: 650238519 501(c)(3) Arts, Culture & Humanities

Miami, FL

Total Revenue
$2,002,950
Total Expenses
$2,548,275
Total Assets
$414,176
Net Assets
$-766,358
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Principal Officer
MARIA BANDA-RODAZ
Phone
3056662078
Tax Period
2023-10-01 to 2024-09-30

AREA STAGE INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 27% operating deficit.

Mission

ASC aspires to provide extraordinary theatrical experiences to audiences across the world, to nurture the artistic talents and creative spirits of the next generation of theatre artists, and to make the in-person, collective experience of theatre accessible to everyone, including individuals with intellectual and developmental disabilities.

Program Service Accomplishments

Program 1
Expenses: $854,944 Revenue: $647,800

ASC encompasses a vibrant conservatory program that allows artists to help shape the next generation of theatre-makers by offering professional-level training. The program offers 68 productions a...

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ASC encompasses a vibrant conservatory program that allows artists to help shape the next generation of theatre-makers by offering professional-level training. The program offers 68 productions a year, private and group classes, and many performance opportunities at outreach and community events. To date, ASC has produced over 185 productions by and for young theatre artists, many of whom have gone on to professional careers in theatre. Over 100 students from economically challenged families receive $100,000 worth of full or partial scholarships each year. This program is crucial to developing a local legacy of professional-level theatre artists who will continue to promote a standard of excellence in the performing arts in Miami, as well as become the educators of tomorrow.

Program 2
Expenses: $748,076 Revenue: $1,092,126

ASC is an award-winning professional theatre organization founded on the principles of artistic innovation, education and inclusion. In the nearly 35 years since its inception, the diverse company...

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ASC is an award-winning professional theatre organization founded on the principles of artistic innovation, education and inclusion. In the nearly 35 years since its inception, the diverse company has presented a mix of classical and contemporary plays and original new works. ASCs artistic excellence and singular status has been reflected in the notable honors received by our productions, as well as the high-profile media attention our company has. Earning over sixty nominations and wins at the Carbonell Awards, the company has garnered national recognition on Travel & Leisure magazine, WLRN, CNN, CNN International, Univision, Telemundo, and on ABCs Nightline with Ted Koppel as the only theatre company ever featured on the program, and has received Miami New Times Best Theatre Company (1992, 1993, 1997, 2019, 2020, 2022, 2023).

Program 3
Expenses: $509,645 Revenue: $263,024

THE INCLUSION THEATRE PROJECT IS A ONE OF A KIND PROGRAM THAT PROVIDES ARTS TRAINING WITHIN THE MUSICAL THEATRE MEDIUM TO STUDENTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. THE PROGRAM...

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THE INCLUSION THEATRE PROJECT IS A ONE OF A KIND PROGRAM THAT PROVIDES ARTS TRAINING WITHIN THE MUSICAL THEATRE MEDIUM TO STUDENTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. THE PROGRAM, PIONEERED BY EXECUTIVE DIRECTOR MARIA BANDA-RODAZ IN 2014, IS ROOTED IN ASC'S BELIEF THAT TRAINING IN THE PERFORMING ARTS CAN HELP THESE STUDENTS DEVELOP ESSENTIAL LIFE SKILLS AND SHOULD BE ACCESSIBLE FOR ALL. THE PROGRAM OFFERS 2-3 PRODUCTIONS A YEAR, PRIVATE AND GROUP CLASSES, AND MANY PERFORMANCE OPPORTUNITIES AT OUTREACH AND COMMUNITY EVENTS. ITP'S INNOVATIVE, COMPREHENSIVE CURRICULUM WAS DEVELOPED BY ASC CONSERVATORY FOUNDERS WITH THE HELP OF SPECIAL EDUCATION EXPERT CONSULTANTS. AS ATTESTED TO BY A GROWING BODY OF FORMAL RESEARCH ASSOCIATING ARTS EDUCATION WITH GAINS IN EMOTIONAL INTELLIGENCE AND ACADEMIC PERFORMANCE, WE HAVE OBSERVED ITS POWER FIRSTHAND IN OUR ITP STUDENTS AS THEY GAIN SKILLS, CONFIDENCE, AND THE CAPACITY FOR SELF-EXPRESSION. THE PERFORMANCE OPPORTUNITIES ASSOCIATED WITH ITP CLASSES ALSO PROVIDE AN ADDITIONAL SENSE OF PURPOSE AND ENGAGEMENT TO OUR STUDENTS WHILE ALSO FOSTERING INCREASED UNDERSTANDING IN THEIR AUDIENCES, PAVING THE WAY FOR A MORE INCLUSIVE COMMUNITY OVERALL

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $926,112
Program Service Revenue $453,354
Investment Income $0
Other Revenue $623,484
TOTAL REVENUE $2,002,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $466,515
Fundraising Expenses $0
Program Expenses $2,112,665
Other Expenses $2,081,760
TOTAL EXPENSES $2,548,275

Year-over-Year Comparison

2023 2022 Change
Revenue $2,002,950 $1,862,785 +0.1%
Expenses $2,548,275 $1,979,740 +0.3%
Net Income $-545,325 $-116,955 +3.7%
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
16
Independent Members
16
Employees
11
Volunteers
150

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
3
$208,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA BANDA-RODAZ Executive Dir. 40.00
Officer
$72,800 $0 $72,800
JOHN RODRIGUEZ RODAZ Producing Dir. 40.00
Officer
$72,800 $0 $72,800
GIANCARLO RODRIGUEZ RODAZ Artistic Dir. 40.00
Officer
$62,400 $0 $62,400
Sara Poses Chairperson 0.00
Director
$0 $0 $0
Hugo Arza Vice Chaiman 0.00
Director
$0 $0 $0
Oscar Caceres Treasurer 0.00
Director
$0 $0 $0
TERE BATISTA Board of Dir. 0.00
Director
$0 $0 $0
BRIAN MAY Board of Dir. 0.00
Director
$0 $0 $0
RUBIN LEE Board of Dir. 0.00
Director
$0 $0 $0
Helen Gomez Mopsick Secretary 0.00
Director
$0 $0 $0
Harvey Burstein Board of Dir. 0.00
Director
$0 $0 $0
JON SECADA Board of Dir. 0.00
Director
$0 $0 $0
Alan David Barson Board of Dir. 0.00
Director
$0 $0 $0
Patricia Farrel Board of Dir. 0.00
Director
$0 $0 $0
MARITERE SECADA Board of Dir. 0.00
Director
$0 $0 $0
EDWARD ACLE Board of Dir. 0.00
Director
$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
2024 $2,002,950 $2,548,275 $414,176 $-545,325
2023 $1,862,785 $1,979,740 $424,170 $-116,955
2022 $1,302,449 $1,749,241 $563,218 $-446,792
2021 $1,727,914 $1,335,834 $692,669 $392,080
2020 $1,024,081 $986,641 $327,291 $37,440
2019 $1,164,104 $1,176,313 $91,337 $-12,209
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