The Players INC FY2021 filing

Tax-deductible

Sarasota, FL501(c)(3)Since 1989Arts & Culture EIN 59-0711182Revenue $1.3M in FY2021Latest return filed Jul 13, 2026

On file with the IRStheplayers.org1400 Blvd of the Arts Ste 200 # 20, 34236-2915 · Sarasota, FLTax-exempt since Jul 1950Publicly supported — 509(a)(2)

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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.
50¢ of each $1 spent went to programs.
$23K 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

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
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
1 of 6
filings with a surplus
Average deficit $914K a year · 90% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
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
10 mo
of spending, in cash
Plus $6.2M in investments, Pt X · Ln 11–13
Looks good: 10.4 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
$319K
3% of total assets
Looks good: liabilities are 3% 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
$1.3M
+5% vs prior year
Spent
$1.3M
To programs
50%
Net assets
$9.0M
By yearFY2020–FY2025
Revenue
$1.3M
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$505K
FY2023$1.1M
FY2024$985K
FY2025$866K
Expenses
$1.3M
FY2021▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.3M
FY2022$1.7M
FY2023$2.0M
FY2024$2.2M
FY2025$2.5M
Net assets
$9.0M
FY2021▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.0M
FY2021$9.0M
FY2022$7.8M
FY2023$6.9M
FY2024$5.6M
FY2025$4.0M

From the FY2021 Form 990 (year ending August 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 Jul 1950.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $642K Management & general 43% · $560K Fundraising 7% · $87K

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

8 people listed on the 990; $23K 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
$23,077Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021
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 →

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.

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2 programs · $642K · in their own filed words · FY2020
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…

$578Kprogram 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.

$64Kprogram 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 · FY2024
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$152K
Other incomeLn 4–11$20K
Money outPt IX
$1.3M
Ln 25
Programscol B$642K
Managementcol C$560K
Fundraisingcol D$87K
Owns and owesPt X
$9.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$9.3M
LiabilitiesLn 26$319K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$962K
Fees for servicesLn 2g$152K
Investment incomeLn 3$19K
Other incomeLn 4–11$20K
Gains on assetsLn 7−$37K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$317K
SavingsLn 2$803K
Cash and savings togetherLn 1–2$1.1M
Accounts receivableLn 4$52K
Prepaid expenses and deferred chargesLn 9$120K
Land, buildings, equipmentLn 10c$1.8M
InvestmentsLn 11–13$6.2M
Total assetsLn 16$9.3M
LiabilitiesLn 26$319K
Net assetsLn 32$9.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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$1.9M$1.1M
InvestmentsLn 11–13$6.4M$6.2M
Land, buildings, equipmentLn 10c$837K$1.8M
Total assetsLn 16$9.3M$9.3M
LiabilitiesLn 26$312K$319K
Net assetsLn 32$9.0M$9.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$48K$32K$8K
Other salaries and wagesLn 7$510K$277K$185K$47K
Other employee benefitsLn 9$80K$44K$29K$7K
Payroll taxesLn 10$41K$22K$15K$4K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$56K$41K$15K
Advertising and promotionLn 12$58K$25K$17K$15K
Office expensesLn 13$97K$29K$68K
Information technologyLn 14$7K$7K
OccupancyLn 16$120K$60K$60K
Depreciation, depletion and amortizationLn 22$52K$52K
Other expenses (24a–d)Ln 24$153K$96K$57K
All other expensesLn 24e$6K$201$6K
Total functional expensesLn 25$1.3M$642K$560K$87K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 13, 2026 $866K$2.5M−$1.6M$4.0M 990 PDF
FY2024Filed with the IRS Jul 14, 2025 $985K$2.2M−$1.2M$5.6M 990 PDF
FY2023Filed with the IRS Jul 15, 2024 $1.1M$2.0M−$914K$6.9M 990 PDF
FY2022Filed with the IRS Jul 12, 2023 $505K$1.7M−$1.2M$7.8M 990 PDF
FY2021 ViewingFiled with the IRS Mar 2, 2022 $1.3M$1.3M$57K$9.0M 990 PDF
FY2020Filed with the IRS Mar 11, 2021 $1.3M$1.9M−$574K$9.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,345,988 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $483,847$1,154,951
I-9 Program service revenuePrior year $616,738$152,163
I-10 Investment incomePrior year $118,568$19,161
I-11 Other revenuePrior year $62,512$19,713
I-12 Total revenuePrior year $1,281,665$1,345,988
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $639,358$718,977
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,216,275$570,224
I-18 Total expensesPrior year $1,855,633$1,289,201
I-19 Revenue less expensesPrior year −$573,968$56,787
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
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 $1,345,988 across 10 lines filed
Lines not itemized here account for $561 of total revenue; see the IRS return.
VIII-1e Government grants$962,247
VIII-1f All other contributions, gifts and grants$192,704
VIII-1h Total contributions, gifts and grants$1,154,951
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $152,163$152,163
VIII-3 Investment incomeExcluded from tax $55,929$55,929
VIII-6 Net rental income or lossRelated to mission $2,285$2,285
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$36,768−$36,768
VIII-8 Net income from fundraising eventsExcluded from tax $1,379$1,379
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,488$15,488
VIII-12 Total revenueRelated to mission $170,497 · Unrelated business $0 · Excluded from tax $20,540$1,345,988
Part IX · Statement of functional expenses $1,289,201 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $48,067 · Management $32,173 · Fundraising $8,178$88,418
IX-7 Other salaries and wagesPrograms $277,067 · Management $185,447 · Fundraising $47,138$509,652
IX-9 Other employee benefitsPrograms $43,574 · Management $29,170 · Fundraising $7,415$80,159
IX-10 Payroll taxesPrograms $22,151 · Management $14,828 · Fundraising $3,769$40,748
IX-11c Accounting feesManagement $22,077$22,077
IX-11g Other fees for servicesPrograms $41,267 · Management $15,095$56,362
IX-12 Advertising and promotionPrograms $25,250 · Management $17,172 · Fundraising $15,250$57,672
IX-13 Office expensesPrograms $28,800 · Management $68,273$97,073
IX-14 Information technologyManagement $6,533$6,533
IX-16 OccupancyPrograms $59,823 · Management $59,823$119,646
IX-22 Depreciation, depletion and amortizationManagement $52,093$52,093
IX-24 Other expenses (24a–d)Programs $95,729 · Management $57,297$153,026
IX-24e All other expensesManagement $201 · Fundraising $5,541$5,742
IX-25 Total functional expensesPrograms $641,728 · Management $560,182 · Fundraising $87,291$1,289,201
Part X · Balance sheet $9,345,851 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,093,075$316,679
X-2 Savings and temporary cash investmentsStart of year $844,043$802,785
X-4 Accounts receivableStart of year $11,949$52,114
X-9 Prepaid expenses and deferred chargesStart of year $84,543$120,401
X-10c Land, buildings and equipment, netStart of year $837,086$1,804,029
X-12 Other securitiesStart of year $6,407,626$6,249,843
X-16 Total assetsStart of year $9,289,973$9,345,851
X-17 Accounts payable and accrued expensesStart of year $19,035$24,494
X-19 Deferred revenueStart of year $170,581$160,562
X-25 Other liabilitiesStart of year $122,788$133,748
X-26 Total liabilitiesStart of year $312,404$318,804
X-27 Net assets without donor restrictionsStart of year $8,479,985$8,503,867
X-28 Net assets with donor restrictionsStart of year $497,584$523,180
X-32 Total net assets or fund balancesStart of year $8,977,569$9,027,047
X-33 Total liabilities and net assetsStart of year $9,289,973$9,345,851
Part XI · Reconciliation of net assets $9,027,047 net assets at year end
XI-1 Total revenue$1,345,988
XI-2 Total expenses$1,289,201
XI-3 Revenue less expenses$56,787
XI-4 Net assets at start of year$8,977,569
XI-5 Net unrealized gains (losses) on investments−$7,309
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,027,047

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

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