Old Globe Theatre: Nonprofit Profile, Financials & Form 990 (EIN 95-1543396)

Revenue by fiscal year
FY2020	$16.5M
FY2021	$29.9M
FY2022	$34.2M
FY2023	$27.7M
FY2024	$33.2M

Expenses by fiscal year
FY2020	$15.9M
FY2021	$23.5M
FY2022	$39.3M
FY2023	$36.8M
FY2024	$37.0M

Net assets by fiscal year
FY2020	$69.8M
FY2021	$76.5M
FY2022	$72.6M
FY2023	$64.1M
FY2024	$59.6M

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.

79%

13%

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.

Something off? Claim to add context

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).

Part VII, Section A · reportable compensation

Barry Edelstein

Artistic Director

$520,531Pt VII · Sec A

Tim Shields

Managing Director

$498,832Pt VII · Sec A

David Henson

Director of Marketing

$207,058Pt VII · Sec A

Michelle Yeager

Director of Finance

$196,341Pt VII · Sec A

Robert Drake

Senior Producer

$166,412Pt VII · Sec A

Alex Orbovich

General Manager

$145,824Pt VII · Sec A

Dean M Yager

Information Technology Director

$137,493Pt VII · Sec A

Benjamin Thoron

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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
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.

See Old Globe Theatre 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

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

Questions for Old Globe Theatre

Tap to ask. Old Globe Theatre sees how many people are interested.

Your first name shows with your question. Old Globe Theatre answers here, for everyone.

2 programs · $29.3M · in their 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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-1543396) · Dispute this line

$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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-1543396) · Dispute this line

$208Kprogram expense

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

The Ayco Charitable FoundationFY2025$50K

Favrot FundFY2025$25K

Pack FoundationFY2025$25K

Kerr Family FoundationFY2025$5K

Orville and Gayle Kolterman Family FoundationFY2025$5K

Total grants receivedfrom 5 funders$110K

See all 5 funders →

Grants paid · 10 grants · $3.8M · 2020–2024

Old Globe Endowment Trust Xxx-Xx-XxxxCA · FY2024$663,261

Unitemized GrantFY2024$207,800

Old Globe Endowment Trust Xxx-Xx-XxxxCA · FY2023$959,517

Unitemized GrantFY2023$209,900

Old Globe Endowment Trust Xxx-Xx-XxxxCA · FY2022$404,261

Unitemized GrantFY2022$169,000

Old Globe Endowment Trust Xxx-Xx-XxxxCA · FY2021$778,780

Unitemized GrantFY2021$155,900

Unitemized GrantFY2020$152,200

Old Globe Endowment Trust Xxx-Xx-XxxxCA · FY2020$122,666

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2021 · $8.0M federal money spent

Shuttered Venue Operators Grant ProgramSmall Business Administration · ALN 59.075 · Direct$8.0M

Promotion of the Arts Grants to Organizations and IndividualsNational Endowments for the Arts and Humanities · ALN 45.024 · Direct$20K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

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$1.7M

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$1.7M

Other incomeLn 4–11$504K

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

Pledges and grants receivableLn 3$3.6M

Accounts receivableLn 4$2.0M

Inventories for sale or useLn 8$200K

Prepaid expenses and deferred chargesLn 9$967K

Land, buildings, equipmentLn 10c$16.4M

InvestmentsLn 11–13$9.7M

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

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$421K

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$60K

Share of the $60.2M endowmentSch D 1g0.10%

Typical, median of 2,202 orgs0.44%

EndowmentSch D · Pt V

Line	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$60.2M	$55.2M	$50.9M	$57.0M	$51.0M
AddedLn 1b	$765K	$356K	$563K	$363K	$1.1M
SpentLn 1d–1f	$2.3M	$2.2M	$908K	$255K	$338K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End 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

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$663K	$663K
Grants to domestic individualsLn 2	$208K	$208K
Pay of officers and key staff (Part IX, line 5)Ln 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

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Sep 29, 2025	$33.2M	$37.0M	−$3.8M	$59.6M	990 PDF
FY2023Filed with the IRS Nov 14, 2024	$27.7M	$36.8M	−$9.2M	$64.1M	990 PDF
FY2022	$34.2M	$39.3M	−$5.0M	$72.6M	990 PDF
FY2021Filed with the IRS Nov 9, 2022	$29.9M	$23.5M	$6.4M	$76.5M	990 PDF
FY2020Filed with the IRS Nov 12, 2021	$16.5M	$15.9M	$526K	$69.8M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations

See the full FY2024 990

Part I · Summary $33,161,559 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $11,540,624$15,862,222

I-9 Program service revenuePrior year $14,902,235$15,111,736

I-10 Investment incomePrior year $829,208$1,919,669

I-11 Other revenuePrior year $421,476$267,932

I-12 Total revenuePrior year $27,693,543$33,161,559

I-13 Grants and similar amounts paidPrior year $1,169,417$871,061

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $20,668,737$21,501,013

I-16a Professional fundraising feesPrior year $425,085$522,981

I-17 Other expensesPrior year $14,584,368$14,091,436

I-18 Total expensesPrior year $36,847,607$36,986,491

I-19 Revenue less expensesPrior year −$9,154,064−$3,824,932

Part VI · Governance 45 of 45 board members independent, no flags

VI-1a Voting members of the governing body45

VI-1b Independent voting members45

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 $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 officers and key staff (Part IX, line 5)Programs $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 FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

Old Globe Theatre

Before you give