The Players INC

Tax-deductible

Sarasota, FL501(c)(3)Since 1989Arts & CultureEIN 59-0711182

The players theatre's mission is to entertain, educate, and engage the community in high quality live theatre.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$102K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $770K a year · 73% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
to officers and key staff · 4% of spending
Top officer’s pay higher than 89% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $61K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$742K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$866K
-12% vs prior year
Spent
$2.5M
To programs
48%
Net assets
$4.0M
By yearFY2020–FY2024
Revenue
$866K
FY2024▼ -12%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$505K
FY2023$1.1M
FY2024$985K
FY2024$866K
Expenses
$2.5M
FY2024▲ +12%
Expenses by fiscal year
FY2020$1.9M
FY2021$1.3M
FY2022$1.7M
FY2023$2.0M
FY2024$2.2M
FY2024$2.5M
Net assets
$4.0M
FY2024▼ -29%
Net assets by fiscal year
FY2020$9.0M
FY2021$9.0M
FY2022$7.8M
FY2023$6.9M
FY2024$5.6M
FY2024$4.0M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1950.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $1.2M Management & general 47% · $1.2M Fundraising 4% · $104K

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

Who runs it and what they're paid

7 people listed on the 990; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation
$102,375Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A

William Skaggs’s $102K as CEO is at the 89th percentile of top reported officer pay among 2216 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
William Skaggs$102,375$94,924$85,209$80,000$23,077

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.

See The Players INC executive salaries →

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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

Presents high-quality live theatre to entertain, educate, and engage the community.

Provided by the organization

This section is blank until The Players INC claims this page.

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2 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Sarasota's first and oldest performing arts organization, second oldest in the state of florida, began in 1930, in the midst of the great depression, with a season of one-act plays. Two hundred and eighty-one MEMBERS/PATRONS each paid a two-dollar subscription fee for the SERIES.THE players first permanent home was built of native pecky…

$1.2Mprogram expense
02

The players performing arts studio opened in 1995 and is the educational arm of the players theatre. It is a reputable performing arts studio and vital feeder to the players theatre for actors. The studio offers classes for students age three and older. Classes include the study of acting, singing and dance.

Pt IX · col B

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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 · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$866K
Ln 12
Fees for servicesLn 2g$522K
Investment incomeLn 3$173K
Gifts and grantsLn 1h$127K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.2M
Managementcol C$1.2M
Fundraisingcol D$104K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$4.7M
LiabilitiesLn 26$742K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Government grantsLn 1e$44K
Fees for servicesLn 2g$522K
Investment incomeLn 3$173K
Other incomeLn 4–11$44K
Gains on assetsLn 7$6K
Total revenueLn 12$866K
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$109K
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$237K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$489K
Total assetsLn 16$4.7M
LiabilitiesLn 26$742K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$274K$2.7M
InvestmentsLn 11–13$4.0M$237K
Land, buildings, equipmentLn 10c$1.5M$1.3M
Total assetsLn 16$6.4M$4.7M
LiabilitiesLn 26$764K$742K
Net assetsLn 32$5.6M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$409K$322K$87K
Other fees for servicesLn 11g$144K$144K
Advertising and promotionLn 12$64K$59K$5K
Office expensesLn 13$33K$26K$7K
Information technologyLn 14$52K$17K$31K$3K
OccupancyLn 16$163K$118K$42K$4K
Depreciation, depletion and amortizationLn 22$85K$85K
Other expenses (24a–d)Ln 24$1.4M$818K$568K
All other expensesLn 24e$168K$114K$50K$3K
Total functional expensesLn 25$2.5M$1.2M$1.2M$104K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $985K$2.2M−$1.2M$5.6M 990 PDF
FY2023 $1.1M$2.0M−$914K$6.9M 990 PDF
FY2022 $505K$1.7M−$1.2M$7.8M 990 PDF
FY2021 $1.3M$1.3M$57K$9.0M 990 PDF
FY2020 $1.3M$1.9M−$574K$9.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $866,181 across 10 lines filed
VIII-1e Government grants$43,852
VIII-1f All other contributions, gifts and grants$82,805
VIII-1h Total contributions, gifts and grants$126,657
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $521,860$521,860
VIII-3 Investment incomeExcluded from tax $167,237$167,237
VIII-6 Net rental income or lossRelated to mission $18,400$18,400
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,969$5,969
VIII-8 Net income from fundraising eventsExcluded from tax $17,675$17,675
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,383$8,383
VIII-12 Total revenueRelated to mission $554,612 · Unrelated business $0 · Excluded from tax $184,912$866,181
Part IX · Statement of functional expenses $2,504,419 across 9 lines filed
IX-6 Pay of disqualified personsManagement $322,162 · Fundraising $86,815$408,977
IX-11g Other fees for servicesManagement $144,438$144,438
IX-12 Advertising and promotionPrograms $59,450 · Management $4,935$64,385
IX-13 Office expensesManagement $25,789 · Fundraising $6,950$32,739
IX-14 Information technologyPrograms $17,300 · Management $31,455 · Fundraising $3,330$52,085
IX-16 OccupancyPrograms $117,641 · Management $41,656 · Fundraising $4,000$163,297
IX-22 Depreciation, depletion and amortizationPrograms $84,998$84,998
IX-24 Other expenses (24a–d)Programs $817,718 · Management $568,246$1,385,964
IX-24e All other expensesPrograms $113,851 · Management $50,489 · Fundraising $3,196$167,536
IX-25 Total functional expensesPrograms $1,210,958 · Management $1,189,170 · Fundraising $104,291$2,504,419
Part X · Balance sheet $4,730,697 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $91,907$2,557,323
X-2 Savings and temporary cash investmentsStart of year $181,875$108,778
X-3 Pledges and grants receivableStart of year $12,200$15,932
X-9 Prepaid expenses and deferred chargesStart of year $58,790$53,125
X-10c Land, buildings and equipment, netStart of year $1,518,034$1,269,044
X-12 Other securitiesStart of year $3,969,912$237,185
X-15 Other assetsStart of year $555,490$489,310
X-16 Total assetsStart of year $6,388,208$4,730,697
X-17 Accounts payable and accrued expensesStart of year $74,496$182,335
X-19 Deferred revenueStart of year $38,505$39,874
X-25 Other liabilitiesStart of year $650,737$519,324
X-26 Total liabilitiesStart of year $763,738$741,533
X-27 Net assets without donor restrictionsStart of year $4,997,187$3,361,881
X-28 Net assets with donor restrictionsStart of year $627,283$627,283
X-32 Total net assets or fund balancesStart of year $5,624,470$3,989,164
X-33 Total liabilities and net assetsStart of year $6,388,208$4,730,697
Part XI · Reconciliation of net assets $3,989,164 net assets at year end
XI-1 Total revenue$866,181
XI-2 Total expenses$2,504,419
XI-3 Revenue less expenses−$1,638,238
XI-4 Net assets at start of year$5,624,470
XI-5 Net unrealized gains (losses) on investments$4,133
XI-7 Investment expenses−$901
XI-9 Other changes in net assets−$300
XI-10 Net assets at end of year$3,989,164

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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