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Nonprofiteer
← SWEET TEA SHAKESPEARE INC

Form 990 for tax year 2023

Filed by SWEET TEA SHAKESPEARE INC.

Totals

Total revenue
$173,184
Total expenses
$104,556
Contributions and grants received
$122,744
Grants paid
$0
Program service revenue
$49,771
Investment income
$0
Other revenue
$669
Total assets, end of year
$8,973
Total liabilities, end of year
$64,568
Net assets or fund balances, end of year
-$55,595
Program services expenses (Part IX)
$52,675
Management and general expenses
$45,298
Fundraising expenses
$6,583
Program service expenses (Part III)
$52,675

Program services were 50.4% 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.

  • 1f · All other contributions, gifts and grants

    $122,744

  • 2a · Program service revenue: SALES

    total $45,887 · unrelated business $45,887

  • 2b · Program service revenue: PERFORMANCE FEE INCOME

    total $2,630 · unrelated business $2,630

  • 2c · Program service revenue: NON TAXABLE SALES

    total $900 · unrelated business $900

  • 2d · Program service revenue: SALES OF PRODUCT INCOME

    total $204 · unrelated business $204

  • 2e · Program service revenue: UNAPPLIED CASH PAYMENT

    total $150 · unrelated business $150

  • 11a · Other revenue: REFUNDS

    total $668 · related or exempt $668

  • 11b · Other revenue: OTHER INCOME

    total $1 · related or exempt $1

  • 11e · Other revenue, total

    $669

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $65,095 · program services $33,797 · management and general $24,715 · fundraising $6,583

  • 10 · Payroll taxes

    total $3,339 · program services $3,339

  • 11c · Fees: accounting

    total $4,815 · management and general $4,815

  • 13 · Office expenses

    total $4,546 · management and general $4,546

  • 16 · Occupancy

    total $7,439 · program services $6,862 · management and general $577

  • 17 · Travel

    total $2,330 · program services $2,330

  • 20 · Interest

    total $477 · management and general $477

  • 23 · Insurance

    total $4,248 · management and general $4,248

  • 24a · Other expenses: ARTISTIC DIRECTOR DISCRET

    total $3,539 · program services $3,539

  • 24b · Other expenses: TAXES AND LICENSES

    total $2,043 · management and general $2,043

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $1,850 · management and general $1,850

  • 24d · Other expenses: OTHER EXPENSE

    total $1,409 · program services $1,409

  • 24e · All other expenses

    total $3,426 · program services $1,399 · management and general $2,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,568 · end of year $5,387

  • 10a · Land, buildings and equipment: cost or other basis

    $20,837

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,837

  • 15 · Other assets

    beginning of year $3,586 · end of year $3,586

  • 24 · Unsecured notes and loans payable

    beginning of year $70,940 · end of year $66,824

  • 25 · Other liabilities

    beginning of year -$23,616 · end of year -$2,256

  • 27 · Net assets without donor restrictions

    beginning of year -$36,170 · end of year -$55,595

Mission and programs · 2023

Mission

SWEET TEA SHAKESPEARE GATHERS A DIVERSE COMMUNITY AROUND A COMMON TABLE TO DELIGHT IN THE MAGIC OF STORY, SONG, AND STAGECRAFT. SWEET TEA SHAKESPEARE IS A 501(C)3 NONPROFIT THEATRE COMPANY AND TRAINING GROUND INSPIRED BY SHAKESPEARE AND THE EARLY MODERN PERIOD IN ITS SPIRIT AND OPERATIONS. WE ARE BASED IN FAYETTEVILLE AND RALEIGH, NORTH CAROLINA.

  • SWEET TEA SHAKESPEARE CELEBRATES THE WONDER OF LANGUAGE, STORY, AND STAGECRAFT BY ENGAGING A DIVERSE COMMUNITY WITH ACCESSIBLE, IMAGINATIVE, MAGICAL THEATRE, INSPIRED BY SHAKESPEARE AND THE EARLY MODERN SPIRIT, HEIGHTENED BY MUSIC, PRESENCE, FAMILIARITY, AND FELLOWSHIP.

    Expenses $52,675

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TAJ ALLEN

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1
  • KELLIE ARTIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • SELENA BECKMAN-HARNED

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1
  • HILLARY BOGERS

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1
  • ALENA BOROSA

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1
  • KELCEY DUDLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • GERARD FALLS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • GREG FIEBIG

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1
  • PAULA MCCOSH

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1
  • RACHAEL SANTILLAN

    MEMBER AT LA

    Total calculated
    $0
    Hours/week
    1

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
20 November 2024
IRS schema version
2023v5.0
Source object
202403549349300700

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