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Nonprofiteer
← FLORIDA STUDIO THEATRE INC

Form 990 for tax year 2024

Filed by FLORIDA STUDIO THEATRE INC.

Totals

Total revenue
$14,619,685
Total expenses
$11,837,985
Contributions and grants received
$5,582,388
Grants paid
$0
Program service revenue
$7,887,980
Investment income
$797,994
Other revenue
$351,323
Total assets, end of year
$71,428,021
Total liabilities, end of year
$4,447,008
Net assets or fund balances, end of year
$66,981,013
Program services expenses (Part IX)
$10,097,445
Management and general expenses
$1,207,147
Fundraising expenses
$533,393
Program service expenses (Part III)
$10,097,445

Program services were 85.3% 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.

  • 1e · Government grants (contributions)

    $332,487

  • 1f · All other contributions, gifts and grants

    $5,249,901

  • 2a · Program service revenue: THEATER PRODUCTIONS

    total $5,983,618 · related or exempt $5,983,618

  • 2b · Program service revenue: CABARET CONCESSIONS

    total $1,731,411 · related or exempt $1,731,411

  • 2c · Program service revenue: EDUCATION AND TOURING

    total $172,951 · related or exempt $172,951

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $805,223 · excluded $805,223

  • 6a · Gross rents

    real property $117,693

  • 6c · Rental income or loss

    real property $117,693 · personal property $0

  • 6d · Net rental income or loss

    total $117,693 · unrelated business $88,840 · excluded $28,853

  • 7a · Gross sales of assets other than inventory

    securities $3,939,822 · other assets $14,560

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

    securities $3,961,135 · other assets $476

  • 7c · Gain or loss

    securities -$21,313 · other assets $14,084

  • 7d · Net gain or loss

    total -$7,229 · excluded -$7,229

  • 11a · Other revenue: Insurance Proceeds

    total $144,727 · excluded $144,727

  • 11b · Other revenue: Miscellaneous

    total $88,903 · excluded $88,903

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $233,630

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $623,455 · program services $525,792 · management and general $50,527 · fundraising $47,136

  • 7 · Other salaries and wages

    total $4,436,982 · program services $3,741,940 · management and general $359,587 · fundraising $335,455

  • 8 · Pension plan contributions

    total $263,555 · program services $222,270 · management and general $21,359 · fundraising $19,926

  • 9 · Other employee benefits

    total $137,811 · program services $116,223 · management and general $11,169 · fundraising $10,419

  • 10 · Payroll taxes

    total $403,209 · program services $340,048 · management and general $32,677 · fundraising $30,484

  • 11b · Fees: legal

    total $13,516 · management and general $13,516

  • 11c · Fees: accounting

    total $29,900 · management and general $29,900

  • 11f · Fees: investment management

    total $49,937 · management and general $49,937

  • 11g · Fees: other

    total $21,917 · program services $0 · management and general $21,917 · fundraising $0

  • 12 · Advertising and promotion

    total $830,266 · program services $755,141 · management and general $88 · fundraising $75,037

  • 13 · Office expenses

    total $284,118 · program services $3,552 · management and general $280,566

  • 16 · Occupancy

    total $1,107,097 · program services $985,038 · management and general $122,059

  • 17 · Travel

    total $233,250 · program services $233,250

  • 22 · Depreciation, depletion and amortization

    total $746,819 · program services $545,178 · management and general $186,705 · fundraising $14,936

  • 23 · Insurance

    total $449,681 · program services $449,681

  • 24a · Other expenses: THEATER PRODUCTION

    total $1,542,180 · program services $1,542,180

  • 24b · Other expenses: CONCESSIONS

    total $533,689 · program services $533,689

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $66,847 · program services $66,847

  • 24d · Other expenses: Rent and Housing

    total $28,862 · program services $28,862

  • 24e · All other expenses

    total $34,894 · program services $7,754 · management and general $27,140 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $268,346 · end of year $586,611

  • 2 · Savings and temporary cash investments

    beginning of year $146,393 · end of year $228,517

  • 3 · Pledges and grants receivable

    beginning of year $6,578,796 · end of year $4,973,606

  • 4 · Accounts receivable

    beginning of year $16,081 · end of year $1,237,292

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $30,287 · end of year $22,460

  • 9 · Prepaid expenses and deferred charges

    beginning of year $267,705 · end of year $393,141

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

    $23,952,418

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

    $7,474,079

  • 10c · Land, buildings and equipment, net

    beginning of year $16,274,591 · end of year $16,478,339

  • 12 · Investments: other securities

    beginning of year $42,152,623 · end of year $47,388,162

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $141,172 · end of year $119,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $572,638 · end of year $409,967

  • 19 · Deferred revenue

    beginning of year $3,863,131 · end of year $4,022,234

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,286 · end of year $14,807

  • 27 · Net assets without donor restrictions

    beginning of year $33,111,412 · end of year $36,600,674

  • 28 · Net assets with donor restrictions

    beginning of year $28,313,527 · end of year $30,380,339

Mission and programs · 2024

Mission

Florida Studio Theatre holds the following mission: To make theatre affordable and accessible to as many people as possible; to present theatre that challenges with as much gusto as it entertains; to create a public forum for the issues of our day that will foster positive change in our community and beyond; to operate within and for the public trust.

Activities or mission (Part I)

To make theatre affordable and accessible to as many people as possible, to foster positive change in our community and beyond, and to operate within and for the public trust.

  • Theater Productions: Mainstage is FST's flagship program, producing the best contemporary American theater by presenting plays that speak to a living, evolving, dynamically changing world. Stage III is dedicated to the presentation of socially significant productions, stimulating audiences by presenting challenging content to audiences who might not otherwise participate in theatrical events. In accordance with its mission point "to make theatre affordable and accessible to as many people as possible," FST staunchly believes that theatre should not be a privilege of the few, but should benefit everyone. FST is able to maintain reasonable ticket prices; the average amount that a person will pay for a 3-play subscription to the Mainstage series is $79, or $26.33 per show.

    Expenses $7,790,685 · Revenue $5,983,618

  • Cabaret Concessions: FST Cabaret was established to develop new audiences who might not otherwise participate in theatrical events. Offering restaurant and beverage service, the Cabaret provides a relaxed, inviting atmosphere for people who are new to the performing arts. Its warm, welcoming space reduces social barriers to theatre and encourages communication and intimacy.

    Expenses $1,553,574 · Revenue $1,731,411

  • Education and Touring: The Write a Play touring program impacts students in grades K-12, with a special emphasis on underserved youth throughout Florida. During the course of a school year, FST's tours inspire 47,000 children and teens to write their own original plays through the Write a Play arts in education initiative each year. FST's education program offers children and adults a wealth of opportunities to discover their creativity. Classes are offered each week to students aged 5-95 in theatre, dance and music. Accessibility is ensured through programming for financially disadvantaged, physically and mentally challenged youth and adults. FST's "Children's Scholarship Program" provides about 15% of youth with full or partial tuition waivers, and adult work/scholarships in which prices are reduced in exchange for volunteer hours with the theatre, and are available to those with a need.

    Expenses $753,186 · Revenue $172,951

  • Revenue $88,903

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

Listed in Part VII

  • Dennis McGillicuddy

    President

    Total calculated
    $0
    Hours/week
    2

  • Patricia Courtois

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Richard Hopkins

    Vice President

    Total calculated
    $115,250
    From this org
    $90,615
    From related orgs
    $0
    Other
    $24,635
    Hours/week
    40

  • Charles Williams

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Gorelick

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Doug Holder

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Euan Fannell

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gaele Barthold

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Georgia Court

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Neil Comber

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Hopkins

    Managing Director

    Total calculated
    $230,329
    From this org
    $204,528
    From related orgs
    $0
    Other
    $25,801
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,528
    Bonus
    $0
    Other
    $0
    Deferred
    $21,907
    Nontaxable benefits
    $3,894
    Filer's total
    $230,329

  • Jill Zakrzewski

    General Manager

    Total calculated
    $117,719
    From this org
    $111,520
    From related orgs
    $0
    Other
    $6,199
    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 · 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
22 July 2026
IRS schema version
2024v5.1
Source object
202622039349301222

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