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Florida Studio Theatre

Sarasota, FL · EIN 23-7362760 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Florida Studio Theatre reported $14.6 million in revenue and $11.8 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $85.30 went to program services, $10.20 to management and general costs and $4.50 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 54.0% of the total. The highest compensation it reported for one person was $230,329 (Managing Director). 2 people received more than $100,000 in reportable compensation. Revenue rose 48% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 876 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
85.3%78.5%
Management & general
Part IX 25(C) ÷ 25(A)
10.2%13.6%
Fundraising
Part IX 25(D) ÷ 25(A)
4.5%6.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.10$0.10
Contributions & grants share of revenue
Part VIII 1h ÷ 12
38.2%57.5%
Government grants share of revenue
Part VIII 1e ÷ 12
2.3%1.7%
Program service revenue share
Part VIII 2g ÷ 12
54.0%20.8%
Highest reported compensation
Part VII-A, columns D–F
$230,329$385,706
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.95%2.03%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
67.936.6
Independent voting board members
Part VI 1a–1b
9 of 10100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$7.8M expenses · 77.2% of program spending · revenue $6.0M

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…

$1.6M expenses · 15.4% of program spending · revenue $1.7M

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

$753K expenses · 7.5% of program spending · revenue $173K

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…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Managing Director
Officer, 40.0 hrs/week
$204,528$0$25,801$230,329
General Manager
Highest compensated employee, 40.0 hrs/week
$111,520$0$6,199$117,719
Vice President
Director/trustee, officer, 40.0 hrs/week
$90,615$0$24,635$115,250

2 people received more than $100,000 in reportable compensation from Florida Studio Theatre (Part VII, line 2). Compensation of current officers, directors and key employees totaled $623K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$15M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$15M$12M85.3%$67M$230,329
FY2024 ⓘ$18M$11M84.3%$61M$229,903
FY2023 ⓘ$13M$11M82.8%$50M$234,939
FY2022 ⓘ$17M$9.4M85.0%$46M$196,680
FY2021 ⓘ$12M$5.3M80.8%$42M$176,985
FY2020 ⓘ$9.9M$6.9M78.1%$33M$171,117

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b10 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5308
  • Volunteers Part I, line 6307

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
PALM PRINTING
Printing
$192,265
GANNETT FLORIDA LOCALIQ
Advertising
$117,776

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

39 private foundations reported grants to Florida Studio Theatre totaling $554K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Florida Studio Theatre's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Florida Studio Theatre, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All arts, culture & humanities charities · Largest charities in Florida

Questions people ask

How much of Florida Studio Theatre's spending goes to programs?

In the fiscal year ending September 30, 2025, Florida Studio Theatre reported that 85.3% of its $11.8 million in expenses went to program services, 10.2% to management and general and 4.5% to fundraising (Form 990, Part IX).

How much does Florida Studio Theatre pay its top executive?

The largest total compensation Florida Studio Theatre reported for one person in the fiscal year ending September 30, 2025 was $230,329, for the role of Managing Director (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Florida Studio Theatre get its money?

Of $14.6 million in revenue in the fiscal year ending September 30, 2025, 38.2% came from contributions and grants (including 2.3% from government grants) and 54.0% from program service revenue (Form 990, Part VIII).

Is Florida Studio Theatre a registered charity?

The IRS lists EIN 23-7362760 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622039349301222 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202541789349300709 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202400929349301365 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202310469349301576 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202200559349301225 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202100609349301110 · read the filing

All filings for EIN 23-7362760: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.