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Nonprofiteer
← SPOLETO FESTIVAL U S A

Form 990 for tax year 2024

Filed by SPOLETO FESTIVAL U S A.

Totals

Total revenue
$11,290,643
Total expenses
$11,643,837
Contributions and grants received
$6,169,671
Grants paid
$0
Program service revenue
$3,108,397
Investment income
$1,591,418
Other revenue
$421,157
Total assets, end of year
$21,421,298
Total liabilities, end of year
$3,292,509
Net assets or fund balances, end of year
$18,128,789
Program services expenses (Part IX)
$8,519,257
Management and general expenses
$2,150,954
Fundraising expenses
$973,626
Program service expenses (Part III)
$8,519,257

Program services were 73.2% 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

    $155,010

  • 1e · Government grants (contributions)

    $1,344,990

  • 1f · All other contributions, gifts and grants

    $4,669,671

  • 2a · Program service revenue: ADMISSION SALES

    total $2,767,654 · related or exempt $2,767,654

  • 2b · Program service revenue: BOX OFFICE HANDLING FEES

    total $340,743 · related or exempt $340,743

  • 3 · Investment income

    total $451,563 · excluded $451,563

  • 6a · Gross rents

    real property $467,337

  • 6b · Less rental expenses

    real property $347,949

  • 6c · Rental income or loss

    real property $119,388

  • 6d · Net rental income or loss

    total $119,388 · excluded $119,388

  • 7a · Gross sales of assets other than inventory

    securities $758,673 · other assets $1,025,000

  • 7b · Less cost or other basis and sales expenses

    securities $643,818 · other assets $0

  • 7c · Gain or loss

    securities $114,855 · other assets $1,025,000

  • 7d · Net gain or loss

    total $1,139,855 · excluded $1,139,855

  • 8a · Fundraising events: gross income

    $568,500

  • 8a · Fundraising events: contributions included on line 1c

    $155,010

  • 8b · Fundraising events: direct expenses

    $307,200

  • 8c · Net income from fundraising events

    total $261,300 · excluded $261,300

  • 10a · Gross sales of inventory

    $26,957

  • 10b · Cost of goods sold

    $7,038

  • 10c · Net income from sales of inventory

    total $19,919 · related or exempt $19,919

  • 11a · Other revenue: ADVERTISING

    total $20,550 · unrelated business $20,550

  • 11e · Other revenue, total

    $20,550

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $480,827 · program services $278,095 · management and general $103,343 · fundraising $99,389

  • 7 · Other salaries and wages

    total $3,096,352 · program services $1,790,834 · management and general $665,490 · fundraising $640,028

  • 8 · Pension plan contributions

    total $115,198 · program services $66,627 · management and general $24,759 · fundraising $23,812

  • 9 · Other employee benefits

    total $232,720 · program services $134,598 · management and general $50,018 · fundraising $48,104

  • 10 · Payroll taxes

    total $258,985 · program services $149,789 · management and general $55,663 · fundraising $53,533

  • 11f · Fees: investment management

    total $26 · fundraising $26

  • 11g · Fees: other

    total $486,800 · program services $166,986 · management and general $319,539 · fundraising $275

  • 12 · Advertising and promotion

    total $205,675 · program services $198,347 · fundraising $7,328

  • 13 · Office expenses

    total $697,545 · program services $287,466 · management and general $388,422 · fundraising $21,657

  • 16 · Occupancy

    total $252,373 · program services $148,868 · management and general $90,251 · fundraising $13,254

  • 17 · Travel

    total $1,347,307 · program services $1,275,830 · management and general $55,127 · fundraising $16,350

  • 22 · Depreciation, depletion and amortization

    total $525,622 · program services $301,467 · management and general $191,036 · fundraising $33,119

  • 23 · Insurance

    total $236,198 · program services $97,340 · management and general $131,525 · fundraising $7,333

  • 24a · Other expenses: PERFORMANCE FEES

    total $2,210,754 · program services $2,206,354 · management and general $2,500 · fundraising $1,900

  • 24b · Other expenses: GENERAL PRODUCTION

    total $1,286,976 · program services $1,228,656 · management and general $58,320

  • 24c · Other expenses: DESIGN SERVICES & PRINT

    total $139,809 · program services $117,330 · management and general $14,961 · fundraising $7,518

  • 24d · Other expenses: AUDITIONS AND WORKSHOPS

    total $70,670 · program services $70,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $191,267 · end of year $393,459

  • 2 · Savings and temporary cash investments

    beginning of year $353,463 · end of year $264,369

  • 3 · Pledges and grants receivable

    beginning of year $1,150,713 · end of year $1,090,015

  • 4 · Accounts receivable

    beginning of year $16,264 · end of year $11,390

  • 8 · Inventories for sale or use

    beginning of year $6,197 · end of year $13,584

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,714 · end of year $106,662

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

    $13,164,017

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

    $9,375,491

  • 10c · Land, buildings and equipment, net

    beginning of year $4,145,214 · end of year $3,788,526

  • 12 · Investments: other securities

    beginning of year $14,119,259 · end of year $15,339,474

  • 15 · Other assets

    beginning of year $397,253 · end of year $413,819

  • 17 · Accounts payable and accrued expenses

    beginning of year $296,145 · end of year $232,183

  • 19 · Deferred revenue

    beginning of year $252,129 · end of year $187,670

  • 23 · Secured mortgages and notes payable

    beginning of year $1,892,028 · end of year $2,833,345

  • 25 · Other liabilities

    beginning of year $39,311 · end of year $39,311

  • 27 · Net assets without donor restrictions

    beginning of year $2,142,828 · end of year $853,172

  • 28 · Net assets with donor restrictions

    beginning of year $15,926,903 · end of year $17,275,617

Mission and programs · 2024

Mission

AS THE NATION'S PREEMINENT PERFORMING ARTS FESTIVAL, SPOLETO PRODUCES AND PRESENTS WORK OF THE HIGHEST ARTISTIC CALIBER TO DIVERSE AND ADVENTUROUS AUDIENCES. THROUGH INNOVATION, EDUCATION, AND A COMMITMENT TO OUR COMMUNITY, WE HARNESS THE POWER OF THE ARTS TO FOSTER A CULTURE OF BELONGING AND DEEPEN AND ENGAGE THE PUBLIC APPRECIATION FOR THE ARTS IN BUILDING A BETTER WORLD.

Activities or mission (Part I)

SPOLETO RUNS A 17-DAY, INTERNATIONALLY ACCLAIMED, PERFORMING ARTS FESTIVAL EACH SPRING IN CHARLESTON, SC. ARTISTS FROM AROUND THE WORLD PRESENT A BROAD ARRAY OF DANCE, OPERA, MUSIC, AND THEATER IN MULTIPLE VENUES THROUGHOUT THE CITY.

  • FOR 17 DAYS AND NIGHTS EACH SPRING, SPOLETO FESTIVAL USA FILLS CHARLESTON, SOUTH CAROLINA'S HISTORIC THEATERS, CHURCHES, AND OUTDOOR SPACES WITH PERFORMANCES BY RENOWNED ARTISTS, AS WELL AS EMERGING PERFORMERS IN DANCE, MUSIC, OPERA, AND THEATER. SPOLETO FESTIVAL IS INTERNATIONALLY RECOGNIZED AS AMERICA'S PREMIER PERFORMING ARTS FESTIVAL. THE 2025 FESTIVAL INCLUDED OVER 120 PERFORMANCES ENJOYED BY OVER 40,000 ATTENDEES.

    Expenses $7,659,994 · Revenue $276,654

  • EACH YEAR THE FESTIVAL DEVELOPS A FESTIVAL CHORUS AND ORCHESTRA WITH MORE THAN 100 MUSICIANS. THROUGH NATIONWIDE AUDITIONS, A TALENTED GROUP OF YOUNG PROFESSIONALS AND STUDENTS ARE SELECTED FOR A RESIDENT ENSEMBLE. THE FESTIVAL ORCHESTRA HAS PROVEN TO BE ONE OF THE FINEST OPPORTUNITIES FOR YOUNG MUSICIANS TO GAIN EXTENSIVE PERFORMANCE EXPERIENCE. ALUMNI OF THE SPOLETO FESTIVAL ORCHESTRA CAN BE FOUND IN ALMOST EVERY PROFESSIONAL ORCHESTRA IN THE UNITED STATES AND MANY ABROAD.

    Expenses $638,851 · Revenue $340,743

  • ANNUALLY THE FESTIVAL PROVIDES AN APPRENTICESHIP PROGRAM FOR SHORT-TERM INTENSIVE AND EXCITING LEARNING OPPORTUNITIES ABOUT THE WORLD OF PERFORMING ARTS. FIFTY COLLEGE STUDENTS ACQUIRED HANDS-ON EXPERIENCE UNDER THE GUIDANCE OF PROFESSIONAL ARTS ADMINISTRATORS AND TECHNICIANS.

    Expenses $118,093

  • SPOLETO IS HEAVILY INVOLVED IN COMMUNITY ENGAGEMENT AND ARTS EDUCATION, PARTNERING WITH LOCAL ELEMENTARY SCHOOLS AND A LOCAL YOUTH JAZZ ACADEMY TO PROVIDE ARTIST LED WORKSHOPS AND OPPORTUNITIES TO ATTEND PERFORMANCES. A PROGRAM CALLED "TELL YOUR STORY" ALLOWS CHARLESTONIANS TO PARTNER WITH ORCHESTRA FELLOWS TO CREATE ORAL HISTORIES ACCOMPANIED BY COMPOSITION. A "PAY WHAT YOU WILL" PROGRAM AND "OPEN STAGE DOOR" PROGRAM PROVIDE LOW PRICED AND COMPLIMENTARY TICKETS TO COMMUNITY BASED NON-PROFIT ORGANIZATIONS AND THOSE WITHOUT MEANS TO EXPERIENCE WORLD-CLASS PERFORMANCES.

    Expenses $102,319 · Revenue $19,919

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DR MENA HANNA

    GENERAL DIRECTOR

    Total calculated
    $287,806
    From this org
    $280,171
    From related orgs
    $0
    Other
    $7,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,171
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,635
    Filer's total
    $287,806

  • MS RACHEL COKER

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $218,025
    From this org
    $197,226
    From related orgs
    $0
    Other
    $20,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,822
    Bonus
    $0
    Other
    $404
    Deferred
    $12,626
    Nontaxable benefits
    $8,173
    Filer's total
    $218,025

  • MR BRENT DICKMAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $165,372
    From this org
    $143,956
    From related orgs
    $0
    Other
    $21,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,552
    Bonus
    $0
    Other
    $404
    Deferred
    $8,872
    Nontaxable benefits
    $12,544
    Filer's total
    $165,372

  • MS KATHARINE LAIDLAW

    CHIEF MARKETING OFFICER (THRU 9/20/24)

    Total calculated
    $148,562
    From this org
    $131,968
    From related orgs
    $0
    Other
    $16,594
    Hours/week
    40

  • MR DEXTER FOXWORTH

    CHIEF OPERATING OFFICER

    Total calculated
    $145,381
    From this org
    $128,764
    From related orgs
    $0
    Other
    $16,617
    Hours/week
    40

  • MS ELIZABETH KELLER-TRIPP

    DIRECTOR OF ARTISTIC PLANN

    Total calculated
    $142,769
    From this org
    $126,665
    From related orgs
    $0
    Other
    $16,104
    Hours/week
    40

  • MR DERICK S CLOSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MRS KATHARINE I BACHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS JULIE CAPERTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR LEE BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR SAM EASLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR MICHAEL HOSTETLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MRS SUSAN S KEENAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MRS SUSAN H MCGUIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MRS ELIZABETH P MACLEOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR MARK MUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR EDDIE M ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MRS DIANA VESGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MRS NICOLE RUBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR CHARLES TOLBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS REBECCA W DARWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR GARY T DICAMILLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR HARRY H FRAMPTON III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR MIKE SEEKINGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS MARTHA RHODES MCLENDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR C DOUGLAS WARNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR STEVEN D BALZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR LOREN R ZIFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR PHILLIP D SMITH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MRS ANNE BULLOCK PERPER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MR MICHAEL C TARWATER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR ELIZABETH A FLEMING

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MR RICHARD W CHISHOLM

    ASSISTANT TREASURER

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.5
Source object
202631959349301163

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