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Nonprofiteer
← ALABAMA SHAKESPEARE FESTIVAL ENDOWMENT TR

Form 990 for tax year 2024

Filed by ALABAMA SHAKESPEARE FESTIVAL ENDOWMENT TR.

Totals

Total revenue
$2,667,193
Total expenses
$2,624,002
Contributions and grants received
$1,487,351
Grants paid
$1,810,615
Program service revenue
$0
Investment income
$1,179,842
Other revenue
$0
Total assets, end of year
$57,798,816
Total liabilities, end of year
$1,194,000
Net assets or fund balances, end of year
$56,604,816
Program services expenses (Part IX)
$2,336,169
Management and general expenses
$252,796
Fundraising expenses
$35,037
Program service expenses (Part III)
$2,336,169

Program services were 89.0% 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

    $1,487,351

  • 1g · Noncash contributions included above

    $1,227,299

  • 3 · Investment income

    total $317,465 · excluded $317,465

  • 7a · Gross sales of assets other than inventory

    securities $16,134,904

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

    securities $15,272,527

  • 7c · Gain or loss

    securities $862,377

  • 7d · Net gain or loss

    total $862,377 · excluded $862,377

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,810,615 · program services $1,810,615

  • 11f · Fees: investment management

    total $112,648 · management and general $112,648

  • 22 · Depreciation, depletion and amortization

    total $700,739 · program services $525,554 · management and general $140,148 · fundraising $35,037

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $524,848 · end of year $1,353,901

  • 3 · Pledges and grants receivable

    beginning of year $2,174,749 · end of year $764,356

  • 4 · Accounts receivable

    beginning of year $1,569 · end of year $1,569

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

    $48,610,465

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

    $12,383,884

  • 10c · Land, buildings and equipment, net

    beginning of year $36,927,319 · end of year $36,226,581

  • 11 · Investments: publicly traded securities

    beginning of year $16,837,856 · end of year $19,326,163

  • 15 · Other assets

    beginning of year $136,097 · end of year $126,246

  • 23 · Secured mortgages and notes payable

    beginning of year $1,227,000 · end of year $1,194,000

  • 27 · Net assets without donor restrictions

    beginning of year $46,628,911 · end of year $48,381,488

  • 28 · Net assets with donor restrictions

    beginning of year $8,746,527 · end of year $8,223,328

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

THE ENDOWMENT TRUST IS CREATED EXCLUSIVELY FOR THE CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES OF THE ALABAMA SHAKESPEARE FESTIVAL, INC., A NON-PROFIT ORGANIZATION.

  • TO PROVIDE SUPPORT TO THE ALABAMA SHAKESPEARE FESTIVAL, INC.

    Expenses $2,336,169 · Grants $1,810,615

As filed on the 2024 return.

Listed in Part VII

  • ROBERT BIRMINGHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR LAURIE JEAN WEIL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EUGENE STANALAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES K LOWDER

    TRUSTEE - CHAIRMAN

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
2 July 2026
IRS schema version
2024v5.5
Source object
202621879349300407

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