Totals
- Total revenue
- $11,752,866
- Total expenses
- $12,585,780
- Contributions and grants received
- $5,553,621
- Grants paid
- $0
- Program service revenue
- $5,822,237
- Investment income
- $560,823
- Other revenue
- -$183,815
- Total assets, end of year
- $46,011,727
- Total liabilities, end of year
- $2,406,899
- Net assets or fund balances, end of year
- $43,604,828
- Program services expenses (Part IX)
- $10,456,932
- Management and general expenses
- $1,600,232
- Fundraising expenses
- $528,616
- Program service expenses (Part III)
- $10,456,932
Program services were 83.1% 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
$453,459
-
1e · Government grants (contributions)
$2,386,698
-
1f · All other contributions, gifts and grants
$2,713,464
-
1g · Noncash contributions included above
$5,023
-
2a · Program service revenue: RESIDENT SEASON
total $4,789,305 · related or exempt $4,789,305
-
2b · Program service revenue: FSU/ASOLO CONSERVATORIES
total $522,837 · related or exempt $522,837
-
2c · Program service revenue: SCENE & COSTUME SHOPS
total $323,356 · related or exempt $96,101 · unrelated business $227,255
-
2d · Program service revenue: TICKET SURCHARGE
total $186,739 · related or exempt $186,739
-
3 · Investment income
total $853,931 · excluded $853,931
-
7a · Gross sales of assets other than inventory
securities $4,078,859
-
7b · Less cost or other basis and sales expenses
securities $4,367,124 · other assets $4,843
-
7c · Gain or loss
securities -$288,265 · other assets -$4,843
-
7d · Net gain or loss
total -$293,108 · excluded -$293,108
-
8a · Fundraising events: gross income
$102,506
-
8a · Fundraising events: contributions included on line 1c
$453,459
-
8b · Fundraising events: direct expenses
$315,470
-
8c · Net income from fundraising events
total -$212,964 · excluded -$212,964
-
10a · Gross sales of inventory
$35,372
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $35,372 · excluded $35,372
-
11a · Other revenue: PARTNERSHIP LOSSES
total -$6,223 · unrelated business -$6,223
-
11e · Other revenue, total
-$6,223
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $734,542 · program services $734,542
-
7 · Other salaries and wages
total $5,831,323 · program services $5,392,356 · management and general $89,103 · fundraising $349,864
-
8 · Pension plan contributions
total $60,836 · program services $51,851 · management and general $3,695 · fundraising $5,290
-
9 · Other employee benefits
total $1,084,532 · program services $861,340 · management and general $222,177 · fundraising $1,015
-
10 · Payroll taxes
total $401,376 · program services $360,901 · management and general $14,195 · fundraising $26,280
-
11b · Fees: legal
total $11,511 · program services $4,301 · management and general $7,210
-
11c · Fees: accounting
total $47,320 · management and general $47,320
-
11f · Fees: investment management
total $89,677 · management and general $89,677
-
11g · Fees: other
total $67,667 · program services $39,586 · management and general $28,081
-
12 · Advertising and promotion
total $402,213 · program services $347,649 · fundraising $54,564
-
13 · Office expenses
total $218,714 · program services $77,134 · management and general $139,872 · fundraising $1,708
-
14 · Information technology
total $104,334 · management and general $104,334
-
15 · Royalties
total $428,911 · program services $428,911
-
16 · Occupancy
total $273,394 · program services $165,733 · management and general $107,661
-
17 · Travel
total $216,345 · program services $201,612 · management and general $7,329 · fundraising $7,404
-
22 · Depreciation, depletion and amortization
total $647,291 · program services $535,280 · management and general $112,011
-
23 · Insurance
total $293,112 · management and general $293,112
-
24a · Other expenses: PRODUCTION EXPENSE
total $614,593 · program services $614,593
-
24b · Other expenses: MAINTENANCE
total $315,956 · program services $197,185 · management and general $118,771
-
24c · Other expenses: BANK CHARGES
total $166,414 · management and general $166,414
-
24d · Other expenses: OPENING/CLOSING NIGHT D
total $59,678 · fundraising $59,678
-
24e · All other expenses
total $516,041 · program services $443,958 · management and general $49,270 · fundraising $22,813
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,214 · end of year $1,214
-
2 · Savings and temporary cash investments
beginning of year $7,826,713 · end of year $5,027,519
-
3 · Pledges and grants receivable
beginning of year $1,382,646 · end of year $831,998
-
4 · Accounts receivable
beginning of year $22,887 · end of year $759,089
-
8 · Inventories for sale or use
beginning of year $4,882 · end of year $4,882
-
9 · Prepaid expenses and deferred charges
beginning of year $276,602 · end of year $274,543
-
10a · Land, buildings and equipment: cost or other basis
$18,461,315
-
10b · Land, buildings and equipment: accumulated depreciation
$4,076,745
-
10c · Land, buildings and equipment, net
beginning of year $13,885,135 · end of year $14,384,570
-
11 · Investments: publicly traded securities
beginning of year $21,610,267 · end of year $23,058,788
-
15 · Other assets
beginning of year $1,709,554 · end of year $1,669,124
-
17 · Accounts payable and accrued expenses
beginning of year $1,690,153 · end of year $579,289
-
19 · Deferred revenue
beginning of year $1,643,798 · end of year $1,827,610
-
24 · Unsecured notes and loans payable
beginning of year $1,219,145 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $26,904,706 · end of year $28,582,907
-
28 · Net assets with donor restrictions
beginning of year $15,262,098 · end of year $15,021,921
Mission and programs · 2022
Mission
ENGAGE AND INSPIRE AUDIENCES WITH EXTRAORDINARY THEATRICAL EXPERIENCES CREATED WITH VISION, PASSION AND ARTISTRY AND ENHANCED BY DEEPLY INTEGRATED EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS.
Activities or mission (Part I)
ENTERTAIN, ENGAGE AND INSPIRE THROUGH THE HIGHEST QUALITY PROFESSIONAL REPERTORY THEATRE AND SUPERIOR EDUCATIONAL PROGRAMS.
-
ASOLO REPERTORY'S RESIDENT SEASON CREATES A CENTER FOR THEATRICAL EXCELLENCE FOR A LOCAL, REGIONAL AND NATIONAL COMMUNITY. FROM CLASSICS TO CONTEMPORARY DRAMAS TO BROADWAY-BOUND MUSICALS AND NEWLY COMMISSIONED WORK, ALL PERFORMED IN THE RAREST FORM OF ROTATING REPERTORY. ASOLO REP IS A THEATRE DISTRICT IN ITSELF. EACH SEASON, ASOLO REP MOUNTS UP TO TEN PRODUCTIONS AND TWO HUNDRED FIFTY PERFORMANCES ON TWO STAGES, FOR MORE THAN EIGHTY THOUSAND PEOPLE ANNUALLY.
Expenses $6,191,490 · Revenue $4,789,305
-
THE FSU/ASOLO CONSERVATORY FOR ACTOR TRAINING IS A RIGOROUS THREE-YEAR M.F.A GRADUATE PROGRAM CONNECTED TO ASOLO REPERTORY. IT IS RANKED IN THE TOP TEN ACTOR TRAINING PROGRAMS BY THE NEW YORK TIMES. MORE THAN TWO THOUSAND AUDITION ANNUALLY FOR A MERE TWELVE SLOTS.
Expenses $401,649 · Revenue $522,837
-
THE SCENE AND COSTUME SHOPS CREATE PHYSICAL ELEMENTS FOR THE PRODUCTIONS AND CONTRIBUTE TO THE QUALITY PROFESSIONAL THEATRICAL EXPERIENCE FOR ASOLO REPERTORY, THE FSU/ASOLO CONSERVATORY FOR ACTOR TRAINING AND OTHERS, SUCH AS THE TAMPA BAY PERFORMING ARTS CENTER AND THE SARASOTA OPERA.
Expenses $3,863,793 · Revenue $96,101
-
Revenue $186,739
As filed on the 2022 return.
Listed in Part VII
-
Robert BaerROBERT BAER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beverly BartnerBEVERLY BARTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob BartnerBOB BARTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Boxill-ThompsonNANCY BOXILL-THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry BrackettTERRY BRACKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Braxton-JosephMARY BRAXTON-JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan BuckSUSAN BUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James Chandler IIIJAMES CHANDLER III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann ChartersANN CHARTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaime DidomenicoJAIME DIDOMENICO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan DweckSUSAN DWECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
L'Tanya EvansL'TANYA EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah FarringtonDEBORAH FARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen FranceKATHLEEN FRANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Herman FrankelHERMAN FRANKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James FrazierJAMES FRAZIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teri HansenTERI HANSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry HaspelLARRY HASPEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary HeardGARY HEARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nona McDonald HeaslipNONA MCDONALD HEASLIP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gigi HubermanGIGI HUBERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie HuiskingCHARLIE HUISKING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caryl KaplanCARYL KAPLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn KeystoneCAROLYN KEYSTONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beverly KoskiBEVERLY KOSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ruth KreindlerRUTH KREINDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lucie LapovskyLUCIE LAPOVSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kory LeeKORY LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy MarkleNANCY MARKLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Enid MarshallENID MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott MerrittSCOTT MERRITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandy MirandaSANDY MIRANDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joel MorganrothJOEL MORGANROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melanie NatarajanMELANIE NATARAJAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jules PriceJULES PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William SandyWILLIAM SANDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nikki SedaccaNIKKI SEDACCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie ShawSTEPHANIE SHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eva SlaneEVA SLANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill VillafrancoBILL VILLAFRANCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk VoelkerKIRK VOELKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James WadsworthJAMES WADSWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret WiseMARGARET WISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Lou WinnickMARY LOU WINNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joan WoodJOAN WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geri YonoverGERI YONOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carole CrosbyCAROLE CROSBY
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Randell JohnsonRANDELL JOHNSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Marysue WechslerMARYSUE WECHSLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Beth HirschBETH HIRSCH
VP/PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Dennis DirksDENNIS DIRKS
TREASURER THRU FEB 2023
- Total calculated
- $0
- Hours/week
- 1
-
Charlie WilsonCHARLIE WILSON
DIR; TREASURER EFF. MARCH 2023
- Total calculated
- $0
- Hours/week
- 1
-
Judith HofmannJUDITH HOFMANN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tom McLaughlinTOM MCLAUGHLIN
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Michael EdwardsMICHAEL EDWARDS
PRODUCING ARTISTIC DIRECTO
- Total calculated
- $318,895
- From this org
- $293,160
- From related orgs
- $0
- Other
- $25,735
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $254,567
- Bonus
- $37,499
- Other
- $1,094
- Deferred
- $24,452
- Nontaxable benefits
- $1,283
- Filer's total
- $318,895
-
Linda DigabrieleLINDA DIGABRIELE
MANAGING DIRECTOR
- Total calculated
- $258,007
- From this org
- $252,807
- From related orgs
- $0
- Other
- $5,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,110
- Bonus
- $22,499
- Other
- $1,198
- Deferred
- $5,200
- Nontaxable benefits
- $0
- Filer's total
- $258,007
-
Victor MeyrichVICTOR MEYRICH
DIR. OF PRODUCTION / OPERA
- Total calculated
- $111,292
- From this org
- $110,571
- From related orgs
- $0
- Other
- $721
- Hours/week
- 40
-
Angela LakinANGELA LAKIN
MARKETING DIRECTOR
- Total calculated
- $112,200
- From this org
- $112,200
- From related orgs
- $0
- Other
- $0
- 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. 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 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
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
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 6
- PER MICHAEL EDWARDS (PRODUCING ARTISTIC DIRECTOR) EMPLOYMENT CONTRACT "FOR ANY FISCAL YEAR IN WHICH THE TOTAL OF THE ASOLO'S EARNED AND CONTRIBUTED INCOME (EXCLUDING GIFTS TO THE ASOLO'S ENDOWMENT FUND OR GIFTS FOR CAPITAL IMPROVEMENTS) EXCEEDS THE TOTAL OF THE ASOLO'S OPERATING EXPENSES (EXCLUDING CAPITAL EXPENDITURES AND DEPRECIATION AND AMORTIZATION COSTS) BY AT LEAST $250,000, THE ASOLO SHALL PAY EDWARDS A BONUS IN AN AMOUNT EQUAL TO 15% OF HIS ANNUAL BASE SALARY (BEFORE BENEFITS). SUCH BONUS, IF ANY, SHALL BE PAID TO EDWARDS WITHIN 30 DAYS AFTER COMPLETION OF THE AUDIT OF THE ASOLO'S FINANCIAL STATEMENTS FOR SUCH FISCAL YEAR." SINCE THE RETIREMENT OF MICHAEL EDWARDS, NO BONUS WAS ISSUED. PER LINDA DIGABRIELE'S (MANAGING DIRECTOR) EMPLOYMENT CONTRACT "FOR ANY FISCAL YEAR IN WHICH THE TOTAL OF THE ASOLO'S EARNED AND CONTRIBUTED INCOME (EXCLUDING GIFTS TO THE ASOLO'S ENDOWMENT FUND OR GIFTS FOR CAPITAL IMPROVEMENTS) EXCEEDS THE TOTAL OF THE ASOLO'S OPERATING EXPENSES (EXCLUDING CAPITAL EXPENDITURES AND DEPRECIATION AND AMORTIZATION COSTS) BY AT LEAST $250,000, THE ASOLO SHALL PAY DIGABRIELE A BONUS IN AN AMOUNT EQUAL TO 10% OF HER ANNUAL BASE SALARY (BEFORE BENEFITS). SUCH BONUS, IF ANY, SHALL BE PAID TO DIGABRIELE WITHIN 30 DAYS AFTER COMPLETION OF THE AUDIT OF THE ASOLO'S FINANCIAL STATEMENTS FOR SUCH FISCAL YEAR." SINCE THE RETIREMENT OF LINDA DIGABRIELE, NO BONUS WAS ISSUED.
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
- 2022
- Filed
- 17 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441289349302344
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