Royal Shakespeare FY2021 filing

Not tax-deductible

United Kingdom501(c)(3)Since 1925Arts & CultureEIN 13-3085180

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The company's principal objectives laid down in the Royal charter are to conserve, advance and disseminate the dramatic heritage of Shakespeare and to advance and improve the dramatic art, both in the united kingdom and throughout the world. The company is charged with producing and presenting dramatic performances of all kinds, and with teaching and training and other educational activities.

94¢ of each $1 spent went to programs.
$916K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $602K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$916K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37.8M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55.9M
-39% vs prior year
Spent
$45.0M
To programs
94%
Net assets
$178.2M
By yearFY2020–FY2025
Revenue
$55.9M
FY2021▼ -39%
Revenue by fiscal year
FY2020$91.4M
FY2021$55.9M
FY2022$53.3M
FY2023$86.4M
FY2024$114.6M
FY2025$104.3M
Expenses
$45.0M
FY2021▼ -53%
Expenses by fiscal year
FY2020$96.7M
FY2021$45.0M
FY2022$58.2M
FY2023$86.5M
FY2024$109.4M
FY2025$106.4M
Net assets
$178.2M
FY2021▲ +21%
Net assets by fiscal year
FY2020$147.7M
FY2021$178.2M
FY2022$167.2M
FY2023$153.2M
FY2024$164.8M
FY2025$165.2M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $42.4M Management & general 3% · $1.4M Fundraising 3% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $916K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Artistic Director
$237,314Pt VII · Sec A
Executive Director
$186,093Pt VII · Sec A
Head of Scenic Contruction
$147,571Pt VII · Sec A
Deputy Artistic Director
$121,254Pt VII · Sec A
Chief Operating Officer
$117,832Pt VII · Sec A
Finance Director
$106,291Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Catherine Mallyon’s $227K as Former Executive Director is at the 4th percentile of top reported officer pay among 53 $100M+ arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gregory Doran——$193,605$223,778$237,314$222,000
Catherine Mallyon$227,027$162,344$164,172$177,846$186,093$184,193
Daniel Evans$220,294$94,304————
Christopher Hill$218,764$113,651$111,700$114,941—$108,499
Tamara Harvey$196,532$119,051————
Erica Whyman—$186,943$151,836$142,681$121,254$145,368
Lisa Hughes$159,712—————
Andrew Leveson$148,820—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and advances Shakespeare's dramatic heritage through performances, education, and training worldwide.

Provided by the organization

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1 program service account for $42.4M of program spending, described in the organization's own filed words · FY2020.
01

Stratford Strategy

In august and september 2020, we ran socially-distanced pop-up shakespeare performances - shakespeare snapshots - every weekend in the dell gardens and reopened our riverside cafe for takeaway drinks and snacks. Over 6,000 people joined us outdoors for the short shows.

$42.4Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$55.9M
Ln 12
Gifts and grantsLn 1h$36.7M
Fees for servicesLn 2g$18.8M
Investment incomeLn 3$730K
Money outPt IX
$45.0M
Ln 25
Programscol B$42.4M
Managementcol C$1.4M
Fundraisingcol D$1.2M
Owns and owesPt X
$178.2M
net assets · Ln 32
Cash and savingsLn 1–2$37.2M
Total assetsLn 16$215.9M
LiabilitiesLn 26$37.8M
PeoplePt VI, VII
25
listed · VII A
PaidVII A6
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36.7M
Government grantsLn 1e$21.6M
Fees for servicesLn 2g$18.8M
Investment incomeLn 3$730K
Total revenueLn 12$55.9M
Assets in detailPt X, end of year
SavingsLn 2$37.2M
Cash and savings togetherLn 1–2$37.2M
InvestmentsLn 11–13$40.5M
Land, buildings, equipmentLn 10c$127.6M
Total assetsLn 16$215.9M
LiabilitiesLn 26$37.8M
Net assetsLn 32$178.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 661
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$12.5M$37.2M
InvestmentsLn 11–13$25.5M$40.5M
Land, buildings, equipmentLn 10c$114.6M$127.6M
Total assetsLn 16$161.5M$215.9M
LiabilitiesLn 26$13.8M$37.8M
Net assetsLn 32$147.7M$178.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$982K$982K
Pay of current officers, directors and key staffLn 5$536K$509K$27K
Advertising and promotionLn 12$2.8M$2.8M
Other expenses (24a–d)Ln 24$39.1M$38.1M$951K
All other expensesLn 24e$1.6M$413K$1.2M
Total functional expensesLn 25$45.0M$42.4M$1.4M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $104.3M$106.4M−$2.1M$165.2M 990 PDF
FY2024 $114.6M$109.4M$5.2M$164.8M 990 PDF
FY2023 $86.4M$86.5M−$125K$153.2M 990 PDF
FY2022 $53.3M$58.2M−$4.9M$167.2M 990 PDF
FY2021 Viewing $55.9M$45.0M$10.8M$178.2M 990 PDF
FY2020 $91.4M$96.7M−$5.3M$147.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $55,856,041 across 7 lines filed
Lines not itemized here account for $279,934 of total revenue; see the IRS return.
VIII-1e Government grants$21,614,442
VIII-1f All other contributions, gifts and grants$15,068,719
VIII-1h Total contributions, gifts and grants$36,683,161
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,569,844$18,569,844
VIII-3 Investment incomeExcluded from tax $729,922$729,922
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$406,820−$406,820
VIII-12 Total revenueRelated to mission $18,442,958 · Unrelated business $0 · Excluded from tax $729,922$55,856,041
Part IX · Statement of functional expenses $45,043,253 across 5 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $981,732$981,732
IX-5 Pay of current officers, directors and key staffPrograms $509,116 · Management $26,796$535,912
IX-12 Advertising and promotionPrograms $2,849,051$2,849,051
IX-24 Other expenses (24a–d)Programs $38,109,810 · Management $951,239$39,061,049
IX-24e All other expensesManagement $413,361 · Fundraising $1,202,148$1,615,509
IX-25 Total functional expensesPrograms $42,449,709 · Management $1,391,396 · Fundraising $1,202,148$45,043,253
Part X · Balance sheet $215,947,821 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $12,495,901$37,222,344
X-4 Accounts receivableStart of year $4,844,917$5,414,460
X-8 Inventories for sale or useStart of year $1,820,892$1,777,223
X-9 Prepaid expenses and deferred chargesStart of year $2,316,593$3,404,045
X-10c Land, buildings and equipment, netStart of year $114,555,514$127,580,631
X-11 Publicly traded securitiesStart of year $21,163,196$36,227,485
X-12 Other securitiesStart of year $4,288,188$4,321,633
X-16 Total assetsStart of year $161,485,201$215,947,821
X-17 Accounts payable and accrued expensesStart of year $8,055,765$6,082,298
X-19 Deferred revenueStart of year $5,720,490$4,374,067
X-25 Other liabilitiesStart of year $0$27,335,849
X-26 Total liabilitiesStart of year $13,776,255$37,792,214
X-32 Total net assets or fund balancesStart of year $147,708,946$178,155,607
X-33 Total liabilities and net assetsStart of year $161,485,201$215,947,821
Part XI · Reconciliation of net assets $178,155,607 net assets at year end
XI-1 Total revenue$55,856,041
XI-2 Total expenses$45,043,253
XI-3 Revenue less expenses$10,812,788
XI-4 Net assets at start of year$147,708,946
XI-5 Net unrealized gains (losses) on investments$3,488,713
XI-9 Other changes in net assets$16,145,160
XI-10 Net assets at end of year$178,155,607

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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