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Asolo Theatre
Asolo Theatre reported $16.3 million in revenue and $14.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.25 went to program services, $14.87 to management and general costs and $3.88 to fundraising. Its largest source of revenue was contributions and grants: 46.8% of the total. The highest compensation it reported for one person was $353,929 (PRODUCING ARTISTIC DIRECTOR). 5 people received more than $100,000 in reportable compensation. Revenue rose 46% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $14MFor 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 June 30, 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.2% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.9% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.9% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 46.8% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.4% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 45.4% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $353,929 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.46% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 41.6 | 36.6 |
| Independent voting board members Part VI 1a–1b | 37 of 37 | 100.0% |
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 expenseAsolo 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
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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRODUCING ARTISTIC DIRECTOR Officer, 40.00 hrs/week | $317,474 | $0 | $36,455 | $353,929 |
| MANAGING DIRECTOR Officer, 40.00 hrs/week | $233,437 | $0 | $15,851 | $249,288 |
| MARKETING DIRECTOR Highest compensated employee, 40.00 hrs/week | $112,225 | $0 | $6,873 | $119,098 |
| GENERAL MANAGER Highest compensated employee, 40.00 hrs/week | $102,101 | $0 | $11,803 | $113,904 |
| FINANCE DIRECTOR Highest compensated employee, 40.00 hrs/week | $107,144 | $0 | $6,717 | $113,861 |
5 people received more than $100,000 in reportable compensation from Asolo Theatre (Part VII, line 2). Compensation of current officers, directors and key employees totaled $605K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b37 · 37 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 2No
- 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 574
- Volunteers Part I, line 651
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| PJ HAYES INC DBA TANDEM CONSTRUCTI Expansion construction | $913,457 |
| FSU RESEARCH FOUNDATION Fsu student stipends | $299,725 |
| MUSIC THEATRE INTERNATIONAL Performance royalties | $212,545 |
| SHERATON OPERATING LLC DBA THE ST RGIS Event rent | $208,498 |
| CONCORD THEATRICALS Royalties | $147,721 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
40 private foundations reported grants to Asolo Theatre totaling $623K 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 Asolo 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 Asolo Theatre, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Asolo Theatre spent in FY2025, $81.25 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- San Diego Society of Natural HistorySan Diego, CA · revenue $16M · programs 87.0% · FY2025
- Museum of Discovery and ScienceFort Lauderdale, FL · revenue $16M · programs 85.1% · FY2025
- Ford's Theatre SocietyWashington, DC · revenue $16M · programs 77.4% · FY2025
- Saratoga Performing Arts CenterSaratoga Springs, NY · revenue $16M · programs 75.3% · 2024
- The Louisville OrchestraLouisville, KY · revenue $16M · programs 83.8% · FY2025
All arts, culture & humanities charities · Largest charities in Florida
Questions people ask
How much of Asolo Theatre's spending goes to programs?
In the fiscal year ending June 30, 2025, Asolo Theatre reported that 81.2% of its $14.4 million in expenses went to program services, 14.9% to management and general and 3.9% to fundraising (Form 990, Part IX).
How much does Asolo Theatre pay its top executive?
The largest total compensation Asolo Theatre reported for one person in the fiscal year ending June 30, 2025 was $353,929, for the role of PRODUCING ARTISTIC DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Asolo Theatre get its money?
Of $16.3 million in revenue in the fiscal year ending June 30, 2025, 46.8% came from contributions and grants (including 2.4% from government grants) and 45.4% from program service revenue (Form 990, Part VIII).
Is Asolo Theatre a registered charity?
The IRS lists EIN 59-2717909 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 June 30, 2025, object 202610369349300346 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510989349301311 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441289349302344 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349307505 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220409349300547 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120819349300767 · read the filing
All filings for EIN 59-2717909: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.