Old Globe Theatre

Tax-deductible

San Diego, CA501(c)(3)Since 1937Arts & CultureEIN 95-1543396

The tony award-winning old globe theatre is one of the largest theatres in the country and san diego's flagship performing arts institution since 1937, when a popular venue for shakespeare's work at the 1935-36 california pacific international exposition in balboa park was established as a permanent operation. In a normal season, the old globe produces a year-round season of 14 or more plays and musicals, including world premieres, modern classics, new musicals, broadway-bound productions and a highly-regarded summer shakespeare festival. In addition to the artistic programming on its three stages, with audience capacities of 620/600/250, the globe offers a wide range of arts engagement and humanities programs that contribute to the growth and education of audiences and the community at large.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 2,600 volunteers and 604 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 5
filings with a surplus
Average deficit $2.2M a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 6% of spending
Top officer’s pay higher than 80% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $110K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.0M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
45
of 45 voting members
Looks good: 45 of 45 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.2M
+20% vs prior year
Spent
$37.0M
To programs
79%
Net assets
$59.6M
By yearFY2020–FY2024
Revenue
$33.2M
FY2024▲ +20%
Revenue by fiscal year
FY2020$16.5M
FY2021$29.9M
FY2022$34.2M
FY2023$27.7M
FY2024$33.2M
Expenses
$37.0M
FY2024+0.4%
Expenses by fiscal year
FY2020$15.9M
FY2021$23.5M
FY2022$39.3M
FY2023$36.8M
FY2024$37.0M
Net assets
$59.6M
FY2024▼ -7%
Net assets by fiscal year
FY2020$69.8M
FY2021$76.5M
FY2022$72.6M
FY2023$64.1M
FY2024$59.6M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in May 1952.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $29.3M Management & general 13% · $4.8M Fundraising 8% · $2.9M

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

Who runs it and what they're paid

57 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Artistic Director
$520,531Pt VII · Sec A
Managing Director
$498,832Pt VII · Sec A
Director of Marketing
$207,058Pt VII · Sec A
Director of Finance
$196,341Pt VII · Sec A
Senior Producer
$166,412Pt VII · Sec A
General Manager
$145,824Pt VII · Sec A
Information Technology Director
$137,493Pt VII · Sec A
Production Manager
$129,639Pt VII · Sec A

Barry Edelstein’s $521K as Artistic Director is at the 80th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Barry Edelstein$520,531$507,387$485,434$330,357$443,702
Tim Shields$498,832$518,576$496,329——
Timothy Shields———$344,049$457,145
Llewellyn Crain—$139,216$207,355$212,583$202,102
David Henson$207,058$201,000$190,764$196,826—
Michelle Yeager$196,341$190,457$180,883$174,402$151,785
David Henson Secretary————$186,543
Robert Drake$166,412$161,652$153,270$158,482$150,270

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

Produces a year-round season of plays and musicals, hosts a summer Shakespeare festival, and offers professional theatre training and community arts engagement programs.

Provided by the organization

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2 program services account for $29.3M of program spending, described in the organization's own filed words · FY2024.
01

The old globe welcomed 200,000 admissions and program participants, including those who attended our free arts engagement programs in the community. The old globe presented 495 performances of 15 plays in our three venues in balboa park plus at 19 venues throughout the san diego region, including in tijuana, B.C., mexico.

$29.1Mprogram expense
02

The globe is committed to training the artists of the future. The old globe and university of san diego shiley graduate theatre program is consistently ranked in the top ten internationally for graduate theatre programs.

$208Kprogram 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 · received and paid
Grants received · FY2025
Favrot FundFY2025$25K
Pack FoundationFY2025$25K
Total grants receivedfrom 5 funders$110K
See all 5 funders →
Grants paid · 10 grants · $3.8M · 2020–2024
Unitemized GrantFY2024$207,800
Unitemized GrantFY2023$209,900
Unitemized GrantFY2022$169,000
Unitemized GrantFY2021$155,900
Unitemized GrantFY2020$152,200

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$33.2M
Ln 12
Gifts and grantsLn 1h$15.9M
Fees for servicesLn 2g$15.1M
Investment incomeLn 3$1.9M
Money outPt IX
$37.0M
Ln 25
Programscol B$29.3M
Managementcol C$4.8M
Fundraisingcol D$2.9M
Owns and owesPt X
$59.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.7M
Total assetsLn 16$69.6M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
57
listed · VII A
PaidVII A11
Voting boardVI 1a45
IndependentVI 1b45
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.9M
Government grantsLn 1e$1.5M
Noncash giftsLn 1g$421K
Fundraising eventsLn 1c$1.1M
Fees for servicesLn 2g$15.1M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$268K
Gains on assetsLn 7$236K
Total revenueLn 12$33.2M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$7.7M
InvestmentsLn 11–13$9.7M
Land, buildings, equipmentLn 10c$16.4M
Other assetsLn 15$29.0M
Total assetsLn 16$69.6M
LiabilitiesLn 26$10.0M
Net assetsLn 32$59.6M
OperationsPt I, VI
EmployeesI 5604
VolunteersI 62,600
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$6.1M$7.7M
InvestmentsLn 11–13$14.4M$9.7M
Land, buildings, equipmentLn 10c$17.6M$16.4M
Total assetsLn 16$74.1M$69.6M
LiabilitiesLn 26$10.0M$10.0M
Net assetsLn 32$64.1M$59.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$663K$663K
Grants to domestic individualsLn 2$208K$208K
Pay of current officers, directors and key staffLn 5$2.0M$866K$720K$402K
Other salaries and wagesLn 7$15.5M$13.3M$1.3M$951K
Pension plan contributionsLn 8$914K$896K$18K
Other employee benefitsLn 9$1.6M$1.3M$135K$98K
Payroll taxesLn 10$1.5M$1.3M$134K$93K
Legal feesLn 11b$47K$4K$43K
Accounting feesLn 11c$271K$271K
Lobbying feesLn 11d$60K$60K
Professional fundraising feesLn 11e$523K$523K
Investment management feesLn 11f$60K$60K
Other fees for servicesLn 11g$1.8M$1.5M$133K$152K
Advertising and promotionLn 12$979K$941K$10K$27K
Office expensesLn 13$1.2M$478K$653K$60K
Information technologyLn 14$488K$16K$471K
RoyaltiesLn 15$919K$919K
OccupancyLn 16$734K$614K$120K
TravelLn 17$492K$465K$16K$11K
Conferences, conventions and meetingsLn 19$23K$12K$10K$2K
Depreciation, depletion and amortizationLn 22$1.7M$1.4M$332K
InsuranceLn 23$831K$587K$234K$10K
Other expenses (24a–d)Ln 24$3.9M$3.6M$63K$242K
All other expensesLn 24e$572K$143K$110K$318K
Total functional expensesLn 25$37.0M$29.3M$4.8M$2.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $33.2M$37.0M−$3.8M$59.6M 990 PDF
FY2023 $27.7M$36.8M−$9.2M$64.1M 990 PDF
FY2022 $34.2M$39.3M−$5.0M$72.6M 990 PDF
FY2021 $29.9M$23.5M$6.4M$76.5M 990 PDF
FY2020 $16.5M$15.9M$526K$69.8M 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 $33,161,559 across 13 lines filed
Lines not itemized here account for $991,429 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,050,626
VIII-1d Related organizations$2,347,667
VIII-1e Government grants$1,538,099
VIII-1f All other contributions, gifts and grants$10,925,830
VIII-1g Noncash contributions (included above)$421,004
VIII-1h Total contributions, gifts and grants$15,862,222
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,742,877$14,742,877
VIII-3 Investment incomeExcluded from tax $1,683,243$1,683,243
VIII-5 RoyaltiesExcluded from tax $87,493$87,493
VIII-6 Net rental income or lossExcluded from tax $98,745$98,745
VIII-7 Net gain or loss on sales of assetsExcluded from tax $236,426$236,426
VIII-8 Net income from fundraising eventsExcluded from tax −$540,876−$540,876
VIII-12 Total revenueRelated to mission $15,196,701 · Unrelated business $0 · Excluded from tax $2,102,636$33,161,559
Part IX · Statement of functional expenses $36,986,491 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $663,261$663,261
IX-2 Grants to domestic individualsPrograms $207,800$207,800
IX-5 Pay of current officers, directors and key staffPrograms $866,326 · Management $719,534 · Fundraising $401,843$1,987,703
IX-7 Other salaries and wagesPrograms $13,331,333 · Management $1,255,270 · Fundraising $951,055$15,537,658
IX-8 Pension plan contributionsPrograms $895,648 · Management $18,282$913,930
IX-9 Other employee benefitsPrograms $1,338,622 · Management $134,789 · Fundraising $98,075$1,571,486
IX-10 Payroll taxesPrograms $1,263,387 · Management $133,639 · Fundraising $93,210$1,490,236
IX-11b Legal feesPrograms $3,986 · Management $42,712$46,698
IX-11c Accounting feesManagement $271,260$271,260
IX-11d Lobbying feesPrograms $60,000$60,000
IX-11e Professional fundraising feesFundraising $522,981$522,981
IX-11f Investment management feesManagement $59,817$59,817
IX-11g Other fees for servicesPrograms $1,529,280 · Management $132,501 · Fundraising $152,147$1,813,928
IX-12 Advertising and promotionPrograms $940,974 · Management $10,420 · Fundraising $27,489$978,883
IX-13 Office expensesPrograms $478,300 · Management $653,365 · Fundraising $59,960$1,191,625
IX-14 Information technologyPrograms $16,272 · Management $471,322$487,594
IX-15 RoyaltiesPrograms $919,139$919,139
IX-16 OccupancyPrograms $613,797 · Management $120,311$734,108
IX-17 TravelPrograms $464,512 · Management $16,320 · Fundraising $11,458$492,290
IX-19 Conferences, conventions and meetingsPrograms $11,776 · Management $9,581 · Fundraising $1,595$22,952
IX-22 Depreciation, depletion and amortizationPrograms $1,382,409 · Management $331,503$1,713,912
IX-23 InsurancePrograms $587,426 · Management $233,953 · Fundraising $9,969$831,348
IX-24 Other expenses (24a–d)Programs $3,591,491 · Management $62,562 · Fundraising $242,138$3,896,191
IX-24e All other expensesPrograms $142,988 · Management $110,271 · Fundraising $318,432$571,691
IX-25 Total functional expensesPrograms $29,308,727 · Management $4,787,412 · Fundraising $2,890,352$36,986,491
Part X · Balance sheet $69,563,987 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,235,074$2,444,349
X-2 Savings and temporary cash investmentsStart of year $1,900,986$5,254,235
X-3 Pledges and grants receivableStart of year $4,906,252$3,602,240
X-4 Accounts receivableStart of year $1,033,861$2,040,026
X-8 Inventories for sale or useStart of year $175,912$199,567
X-9 Prepaid expenses and deferred chargesStart of year $856,281$967,376
X-10c Land, buildings and equipment, netStart of year $17,633,512$16,405,793
X-11 Publicly traded securitiesStart of year $14,425,590$9,694,950
X-15 Other assetsStart of year $28,955,451$28,955,451
X-16 Total assetsStart of year $74,122,919$69,563,987
X-17 Accounts payable and accrued expensesStart of year $3,388,780$3,621,928
X-19 Deferred revenueStart of year $6,628,596$6,331,910
X-26 Total liabilitiesStart of year $10,017,376$9,953,838
X-27 Net assets without donor restrictionsStart of year $25,980,627$24,480,103
X-28 Net assets with donor restrictionsStart of year $38,124,916$35,130,046
X-32 Total net assets or fund balancesStart of year $64,105,543$59,610,149
X-33 Total liabilities and net assetsStart of year $74,122,919$69,563,987
Part XI · Reconciliation of net assets $59,610,149 net assets at year end
XI-1 Total revenue$33,161,559
XI-2 Total expenses$36,986,491
XI-3 Revenue less expenses−$3,824,932
XI-4 Net assets at start of year$64,105,543
XI-5 Net unrealized gains (losses) on investments−$71,942
XI-9 Other changes in net assets−$598,520
XI-10 Net assets at end of year$59,610,149

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

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