Form 990 for tax year 2023

Filed by THE AMERICAN STAGE COMPANY INC.

Totals

Total revenue: $4,223,355
Total expenses: $4,022,728
Contributions and grants received: $2,825,509
Grants paid: $0
Program service revenue: $983,858
Investment income: $183,130
Other revenue: $230,858
Total assets, end of year: $6,254,450
Total liabilities, end of year: $423,026
Net assets or fund balances, end of year: $5,831,424
Program services expenses (Part IX): $2,957,431
Management and general expenses: $880,730
Fundraising expenses: $184,567
Program service expenses (Part III): $2,957,431

Program services were 73.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$188,469
1e · Government grants (contributions)

$236,816
1f · All other contributions, gifts and grants

$2,400,224
1g · Noncash contributions included above

$66,690
2a · Program service revenue: Ticket Revenue

total $859,385 · unrelated business $0 · excluded $0
2b · Program service revenue: Workshops and Classes

total $124,473 · unrelated business $0 · excluded $0
3 · Investment income

total $84,452 · unrelated business $0 · excluded $84,452
7a · Gross sales of assets other than inventory

securities $98,678
7c · Gain or loss

securities $98,678
7d · Net gain or loss

total $98,678 · related or exempt $0 · unrelated business $0 · excluded $98,678
8a · Fundraising events: gross income

$250,516
8a · Fundraising events: contributions included on line 1c

$188,469
8b · Fundraising events: direct expenses

$135,592
8c · Net income from fundraising events

total $114,924 · unrelated business $0 · excluded $114,924
10a · Gross sales of inventory

$92,469
10b · Cost of goods sold

$32,351
10c · Net income from sales of inventory

total $60,118 · related or exempt $60,118
11a · Other revenue: Miscellaneous

total $55,816 · related or exempt $55,816 · unrelated business $0 · excluded $0
11e · Other revenue, total

$55,816

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $133,000 · program services $93,289 · management and general $29,201 · fundraising $10,510
7 · Other salaries and wages

total $1,527,021 · program services $1,071,083 · management and general $335,265 · fundraising $120,673
9 · Other employee benefits

total $88,958 · program services $62,397 · management and general $19,531 · fundraising $7,030
10 · Payroll taxes

total $116,596 · program services $81,783 · management and general $25,599 · fundraising $9,214
11c · Fees: accounting

total $19,850 · program services $0 · management and general $14,397 · fundraising $5,453
11f · Fees: investment management

total $22,331 · program services $0 · management and general $22,331 · fundraising $0
11g · Fees: other

total $467,041 · program services $392,536 · management and general $54,038 · fundraising $20,467
12 · Advertising and promotion

total $279,216 · program services $266,048 · management and general $9,656 · fundraising $3,512
13 · Office expenses

total $18,579 · program services $12,723 · management and general $5,856 · fundraising $0
15 · Royalties

total $96,290 · program services $96,290 · management and general $0 · fundraising $0
16 · Occupancy

total $219,125 · program services $119,308 · management and general $99,817 · fundraising $0
17 · Travel

total $72,775 · program services $68,045 · management and general $4,730 · fundraising $0
22 · Depreciation, depletion and amortization

total $130,452 · program services $0 · management and general $130,452 · fundraising $0
23 · Insurance

total $41,243 · program services $26 · management and general $41,217 · fundraising $0
24a · Other expenses: Production costs and materials

total $596,267 · program services $595,988 · management and general $0 · fundraising $279
24b · Other expenses: Bank fees

total $33,639 · program services $0 · management and general $33,639 · fundraising $0
24c · Other expenses: In-kind Expense

total $66,690 · program services $66,690 · management and general $0 · fundraising $0
24d · Other expenses: Miscellaneous

total $93,655 · program services $31,225 · management and general $55,001 · fundraising $7,429

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,118,988 · end of year $1,591,525
3 · Pledges and grants receivable

beginning of year $14,650
9 · Prepaid expenses and deferred charges

beginning of year $77,538 · end of year $50,552
10a · Land, buildings and equipment: cost or other basis

$2,776,668
10b · Land, buildings and equipment: accumulated depreciation

$1,249,742
10c · Land, buildings and equipment, net

beginning of year $1,531,970 · end of year $1,526,926
11 · Investments: publicly traded securities

beginning of year $2,844,821 · end of year $3,028,647
12 · Investments: other securities

beginning of year $51,855 · end of year $52,948
15 · Other assets

beginning of year $3,852 · end of year $3,852
17 · Accounts payable and accrued expenses

beginning of year $137,855 · end of year $101,303
19 · Deferred revenue

beginning of year $301,599 · end of year $321,723
27 · Net assets without donor restrictions

beginning of year $2,314,345 · end of year $2,760,535
28 · Net assets with donor restrictions

beginning of year $2,889,875 · end of year $3,070,889

Mission and programs · 2023

Mission

Mission: Reinforce the power of live theater with high quality productions of compelling plays that excite and challenge a diverse audience. Passionate about the telling of meaningful stories that inspire audiences to lean forward and engage.

Theatre Programming: American Stages 23-24 Season saw steady growth, however has still not reached pre pandemic attendance or donations. The Mainstage is American Stages core programming. We produced five Mainstage plays during our 23-24 season. These five plays were attended by 10,314 patrons. 23-24 also continued our American Stage in the Park, a more than 30 year old community tradition. This five week event was held at Demens Landing Park in downtown St. Petersburg drew 14,953 patrons. In order to make theatre accessible to all, both our Mainstage and Park shows had significant ticket discounts for seniors, students and active duty military, with some eligible for free tickets.

Expenses $2,646,322 · Revenue $859,385
Education: Our education and outreach department serves adults and children through our Drama School with on-site classes in acting, musical theatre and improv (250 students served). Additionally, we offered 8 weeks of Summer Camp for children of all ages. Each week leads to a sharing performance for family and friends. We happily hosted 350+ students and 700 of their families and friends during Summer 2024. We also offered school residencies in the Pinellas County school system primarily via our Write On! and Write On!: Si Se Puede programs which work with students to develop original plays in elementary, middle, and high schools for the ESOL program Si Se Puede. This playwriting course taught by our experienced Teaching Artists culminates in those plays being read by professional actors in class which allows for further play development. Our elementary students perform their own to enhance their English language and literacy skills. With a focus on historically under-resourced schools, Write On! & Write On!: Si Se Puede is a significant investment in the future of our community, in 23-24 we worked with 500 students. Our School Tour program in 23-24 was an original bilingual musical production that toured through county schools, reaching approximately 10,200 students.

Expenses $311,109 · Revenue $124,473

As filed on the 2023 return.

Listed in Part VII

Anastasia Hiotis

Chairperson

Total calculated

$0

Hours/week

4
Gina Clement

Vice Chairperson

Total calculated

$0

Hours/week

2
Will Hough

Vice Chairperson

Total calculated

$0

Hours/week

2
Trevor Wells

Treasurer

Total calculated

$0

Hours/week

2
Alistair Flynn

Trustee

Total calculated

$0

Hours/week

1
Dex Fabian

Trustee

Total calculated

$0

Hours/week

1
Sherri Smith-Dodgson

Trustee

Total calculated

$0

Hours/week

1
Joe Weldon

Trustee

Total calculated

$0

Hours/week

2
Alais Griffin

Trustee

Total calculated

$0

Hours/week

1
Cathy Swanson

Trustee

Total calculated

$0

Hours/week

1
Steven Walker

Trustee

Total calculated

$0

Hours/week

2
Joel Giles

Trustee

Total calculated

$0

Hours/week

1
Ebrahim Busheri

Trustee

Total calculated

$0

Hours/week

1
Mike Alford

Trustee

Total calculated

$0

Hours/week

1
Helen Murray

Producing Artistic Director

Total calculated

$134,200

From this org

$133,000

From related orgs

$0

Other

$1,200

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 27 June 2025
IRS schema version: 2023v6.0
Source object: 202531919349301203

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