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
69 cents of each dollar spent went to programs.
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
71 people listed on the 990; $2.2M paid to officers and key staff.
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.
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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.
Questions for Old Globe Theatre
Your first name shows with your question. Old Globe Theatre answers here, for everyone.
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The old globe is at the forefront of the nation's theatrical performing arts organizations, setting a standard for excellence in american theater by producing 14 or more high-quality professional productions in a normal season: including world premieres, modern classics, new musicals, broadway-bound productions, and an outdoor summer…
A joint venture of the old globe and the university of san diego, the master of fine arts in acting program nationally recruits seven students each year to participate in an intensive two-year, year-round course of graduate study in classical theatre. Grants are given to the students to cover a small portion of monthly living expenses.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.8M | $5.5M |
| InvestmentsLn 11–13 | $2.6M | $14.4M |
| Land, buildings, equipmentLn 10c | $22.3M | $21.3M |
| Total assetsLn 16 | $76.9M | $79.2M |
| LiabilitiesLn 26 | $8.0M | $9.4M |
| Net assetsLn 32 | $68.9M | $69.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $123K | $123K | ||
| Grants to domestic individualsLn 2 | $152K | $152K | ||
| Pay of current officers, directors and key staffLn 5 | $1.7M | $682K | $493K | $558K |
| Other salaries and wagesLn 7 | $6.2M | $4.6M | $900K | $739K |
| Pension plan contributionsLn 8 | $223K | $198K | $11K | $14K |
| Other employee benefitsLn 9 | $698K | $574K | $67K | $57K |
| Payroll taxesLn 10 | $609K | $437K | $89K | $83K |
| Legal feesLn 11b | $17K | $10K | $7K | |
| Accounting feesLn 11c | $188K | $188K | ||
| Investment management feesLn 11f | $19K | $19K | ||
| Other fees for servicesLn 11g | $702K | $579K | $72K | $50K |
| Advertising and promotionLn 12 | $244K | $237K | $978 | $6K |
| Office expensesLn 13 | $295K | $163K | $110K | $23K |
| Information technologyLn 14 | $353K | $15K | $338K | |
| RoyaltiesLn 15 | $516K | $516K | ||
| OccupancyLn 16 | $297K | $255K | $43K | |
| TravelLn 17 | $89K | $84K | $3K | $2K |
| Conferences, conventions and meetingsLn 19 | $10K | $4K | $5K | $2K |
| InterestLn 20 | $92K | $74K | $18K | |
| Depreciation, depletion and amortizationLn 22 | $1.7M | $1.3M | $324K | |
| InsuranceLn 23 | $429K | $251K | $164K | $13K |
| Other expenses (24a–d)Ln 24 | $809K | $626K | $180K | $2K |
| All other expensesLn 24e | $463K | $58K | $203K | $201K |
| Total functional expensesLn 25 | $15.9M | $11.0M | $3.2M | $1.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $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 Viewing | $16.5M | $15.9M | $526K | $69.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $16,473,770 revenue, 12 lines filed
Part VI · Governance 53 of 53 board members independent, no flags
Part VIII · Statement of revenue $16,473,770 across 12 lines filed
Part IX · Statement of functional expenses $15,948,051 across 23 lines filed
Part X · Balance sheet $79,168,056 assets, 19 lines filed
Part XI · Reconciliation of net assets $69,780,740 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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