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.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 307 volunteers and 308 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
6 of 6
filings with a surplus
Average surplus $5.0M a year · 35% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$407K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $47.4M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $47.4M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.4M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.6M
-21% vs prior year
Spent
$11.8M
To programs
85%
Net assets
$67.0M
By yearFY2020–FY2025
Revenue
$14.6M
FY2025▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.9M
FY2021$12.5M
FY2022$17.1M
FY2023$12.5M
FY2024$18.5M
FY2025$14.6M
Expenses
$11.8M
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.9M
FY2021$5.3M
FY2022$9.4M
FY2023$11.0M
FY2024$10.8M
FY2025$11.8M
Net assets
$67.0M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$32.7M
FY2021$41.7M
FY2022$46.2M
FY2023$50.0M
FY2024$61.4M
FY2025$67.0M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1974.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $10.1M Management & general 10% · $1.2M Fundraising 5% · $533K

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

12 people listed on the 990; $407K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Managing Director
$204,528Pt VII · Sec A
General Manager
$111,520Pt VII · Sec A
Vice President
$90,615Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rebecca Hopkins’s $205K as Managing Director is at the 17th percentile of top reported officer pay among 749 $10–100M 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rebecca Hopkins$204,528$140,001$129,800$180,423$159,588$154,896
Richard Hopkins$90,615$140,001$129,800$196,680$176,985$171,117
Sean Daniels—$118,409————
Jill Zakrzewski$111,520$109,749————
Jay Lockaby—$101,989————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents challenging, entertaining theatre to foster positive community change and make arts accessible.

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3 programs · $10.1M · in their own filed words · FY2024
01

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…

$7.8Mprogram expense
02

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.

$1.6Mprogram expense
03

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.

$753Kprogram expense

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 · FY2025
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$14.6M
Ln 12
Fees for servicesLn 2g$7.9M
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$798K
Money outPt IX
$11.8M
Ln 25
Programscol B$10.1M
Managementcol C$1.2M
Fundraisingcol D$533K
Owns and owesPt X
$67.0M
net assets · Ln 32
Cash and savingsLn 1–2$815K
Total assetsLn 16$71.4M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Government grantsLn 1e$332K
Fees for servicesLn 2g$7.9M
Investment incomeLn 3$798K
Other incomeLn 4–11$351K
Gains on assetsLn 7−$7K
Total revenueLn 12$14.6M
Assets in detailPt X, end of year
CashLn 1$587K
SavingsLn 2$229K
Cash and savings togetherLn 1–2$815K
InvestmentsLn 11–13$47.4M
Land, buildings, equipmentLn 10c$16.5M
Other assetsLn 15$120K
Total assetsLn 16$71.4M
LiabilitiesLn 26$4.4M
Net assetsLn 32$67.0M
OperationsPt I, VI
EmployeesI 5308
VolunteersI 6307
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$415K$815K
InvestmentsLn 11–13$42.2M$47.4M
Land, buildings, equipmentLn 10c$16.3M$16.5M
Total assetsLn 16$65.9M$71.4M
LiabilitiesLn 26$4.5M$4.4M
Net assetsLn 32$61.4M$67.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$623K$526K$51K$47K
Other salaries and wagesLn 7$4.4M$3.7M$360K$335K
Pension plan contributionsLn 8$264K$222K$21K$20K
Other employee benefitsLn 9$138K$116K$11K$10K
Payroll taxesLn 10$403K$340K$33K$30K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$50K$50K
Other fees for servicesLn 11g$22K$0$22K$0
Advertising and promotionLn 12$830K$755K$88$75K
Office expensesLn 13$284K$4K$281K
OccupancyLn 16$1.1M$985K$122K
TravelLn 17$233K$233K
Depreciation, depletion and amortizationLn 22$747K$545K$187K$15K
InsuranceLn 23$450K$450K
Other expenses (24a–d)Ln 24$2.2M$2.2M
All other expensesLn 24e$35K$8K$27K$0
Total functional expensesLn 25$11.8M$10.1M$1.2M$533K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $14.6M$11.8M$2.8M$67.0M 990 PDF
FY2024 $18.5M$10.8M$7.6M$61.4M 990 PDF
FY2023 $12.5M$11.0M$1.6M$50.0M 990 PDF
FY2022 $17.1M$9.4M$7.7M$46.2M 990 PDF
FY2021 $12.5M$5.3M$7.2M$41.7M 990 PDF
FY2020 $9.9M$6.9M$2.9M$32.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $14,619,685 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,576,687$5,582,388
I-9 Program service revenuePrior year $7,308,721$7,887,980
I-10 Investment incomePrior year $391,993$797,994
I-11 Other revenuePrior year $208,056$351,323
I-12 Total revenuePrior year $18,485,457$14,619,685
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,370,507$5,865,012
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,468,335$5,972,973
I-18 Total expensesPrior year $10,838,842$11,837,985
I-19 Revenue less expensesPrior year $7,646,615$2,781,700
Part VI · Governance 9 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,619,685 across 9 lines filed
VIII-1e Government grants$332,487
VIII-1f All other contributions, gifts and grants$5,249,901
VIII-1h Total contributions, gifts and grants$5,582,388
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,887,980$7,887,980
VIII-3 Investment incomeExcluded from tax $805,223$805,223
VIII-6 Net rental income or lossUnrelated business $88,840 · Excluded from tax $28,853$117,693
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,229−$7,229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $233,630$233,630
VIII-12 Total revenueRelated to mission $7,887,980 · Unrelated business $88,840 · Excluded from tax $1,060,477$14,619,685
Part IX · Statement of functional expenses $11,837,985 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $525,792 · Management $50,527 · Fundraising $47,136$623,455
IX-7 Other salaries and wagesPrograms $3,741,940 · Management $359,587 · Fundraising $335,455$4,436,982
IX-8 Pension plan contributionsPrograms $222,270 · Management $21,359 · Fundraising $19,926$263,555
IX-9 Other employee benefitsPrograms $116,223 · Management $11,169 · Fundraising $10,419$137,811
IX-10 Payroll taxesPrograms $340,048 · Management $32,677 · Fundraising $30,484$403,209
IX-11b Legal feesManagement $13,516$13,516
IX-11c Accounting feesManagement $29,900$29,900
IX-11f Investment management feesManagement $49,937$49,937
IX-11g Other fees for servicesPrograms $0 · Management $21,917 · Fundraising $0$21,917
IX-12 Advertising and promotionPrograms $755,141 · Management $88 · Fundraising $75,037$830,266
IX-13 Office expensesPrograms $3,552 · Management $280,566$284,118
IX-16 OccupancyPrograms $985,038 · Management $122,059$1,107,097
IX-17 TravelPrograms $233,250$233,250
IX-22 Depreciation, depletion and amortizationPrograms $545,178 · Management $186,705 · Fundraising $14,936$746,819
IX-23 InsurancePrograms $449,681$449,681
IX-24 Other expenses (24a–d)Programs $2,171,578$2,171,578
IX-24e All other expensesPrograms $7,754 · Management $27,140 · Fundraising $0$34,894
IX-25 Total functional expensesPrograms $10,097,445 · Management $1,207,147 · Fundraising $533,393$11,837,985
Part X · Balance sheet $71,428,021 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $268,346$586,611
X-2 Savings and temporary cash investmentsStart of year $146,393$228,517
X-3 Pledges and grants receivableStart of year $6,578,796$4,973,606
X-4 Accounts receivableStart of year $16,081$1,237,292
X-8 Inventories for sale or useStart of year $30,287$22,460
X-9 Prepaid expenses and deferred chargesStart of year $267,705$393,141
X-10c Land, buildings and equipment, netStart of year $16,274,591$16,478,339
X-12 Other securitiesStart of year $42,152,623$47,388,162
X-15 Other assetsStart of year $141,172$119,893
X-16 Total assetsStart of year $65,875,994$71,428,021
X-17 Accounts payable and accrued expensesStart of year $572,638$409,967
X-19 Deferred revenueStart of year $3,863,131$4,022,234
X-25 Other liabilitiesStart of year $15,286$14,807
X-26 Total liabilitiesStart of year $4,451,055$4,447,008
X-27 Net assets without donor restrictionsStart of year $33,111,412$36,600,674
X-28 Net assets with donor restrictionsStart of year $28,313,527$30,380,339
X-32 Total net assets or fund balancesStart of year $61,424,939$66,981,013
X-33 Total liabilities and net assetsStart of year $65,875,994$71,428,021
Part XI · Reconciliation of net assets $66,981,013 net assets at year end
XI-1 Total revenue$14,619,685
XI-2 Total expenses$11,837,985
XI-3 Revenue less expenses$2,781,700
XI-4 Net assets at start of year$61,424,939
XI-5 Net unrealized gains (losses) on investments$2,774,374
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$66,981,013

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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