Old Globe Theatre
78% goes to programs $23 to raise $100 Strong reserves Growing revenue
Old Globe Theatre is a 501(c)(3) organization based in San Diego, California, registered in 1952, with $27,693,543 in FY2023 revenue. CharityIndex grades it C+, and it directs about 78% of spending to programs.
Po Box 122171, San Diego, CA, 92112 EIN 95-1543396 Since 1952
Revenue (FY2023)
$27.7M
▼ 19.1% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$36.8M
Net assets
$64.1M
Employees
729
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →B+Program efficiency40% of the rating78% to programs · $23 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Old Globe Theatre: 78% to programs · $23 to raise $100 earns a B+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating21 mo reserves · -33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Old Globe Theatre: 21 mo reserves · -33% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Old Globe Theatre: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Old Globe Theatre: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
As one of the nation's leading professional regional theatres and one of san diego's largest arts institutions, the tony award-winning old globe has served the san diego region 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. the old globe produces a year-round season of 15 or more plays and musicals, including world premieres, modern classics, new works, broadway-bound productions and the highly-regarded summer shakespeare festival. in addition to the artistic programming on its three stages, with audience capacities of 600/600/250, 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.
What they do
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. programs for diverse directors, playwrights, and other theatre artists have helped to launch or expand careers of theatre artists throughout the nation.
Contact & location
- Address
- Po Box 122171, San Diego, CA, 92112
- City
- San Diego
- State
- California
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $21.2M (FY2013) to $27.7M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $10.0MNet assets $64.1M
Operating margin
-33.1%
Spent more than it raised in the latest fiscal year.
Total assets
$74.1M
Total liabilities
$10.0M
Net assets
$64.1M
Salaries & benefits
$20.7M
56% of expenses
Board members
44
42 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $27,693,543▼19.1% | $36,847,607▼6.2% | $64,105,543▼11.7% | $74,122,919▼9.3% | 990 |
| 2022 | $34,219,671▲14.4% | $39,263,557▲66.9% | $72,623,472▼5.1% | $81,721,511▼7.0% | 990 |
| 2021 | $29,916,512▲81.6% | $23,529,312▲47.5% | $76,545,179▲9.7% | $87,825,720▲10.9% | 990 |
| 2020 | $16,473,770▼82.8% | $15,948,051▼73.8% | $69,780,740▲1.2% | $79,168,056▲2.9% | 990 |
| 2019 | $95,555,302▲268% | $60,848,667▲116% | $68,927,434▲101% | $76,909,174▲77.8% | 990 |
| 2018 | $25,942,144▲8.1% | $28,227,354▲11.1% | $34,229,819▼20.7% | $43,244,548▼14.6% | 990 |
| 2017 | $23,993,399▼15.1% | $25,396,536▲0.7% | $43,147,372▼3.3% | $50,646,401▼4.0% | 990 |
| 2016 | $28,252,944▲18.6% | $25,227,945▲8.5% | $44,603,513▲7.0% | $52,747,446▲6.9% | 990 |
| 2015 | $23,823,033▲12.5% | $23,250,451▲4.6% | $41,685,177▼1.3% | $49,364,682▼0.6% | 990 |
| 2013 | $21,169,688 | $22,223,417▼2.8% | $42,218,753▼2.4% | $49,653,032▼3.2% | 990 |
| 2012 | — | $22,874,801▲3.0% | $43,243,294▼6.6% | $51,305,554▼8.6% | 990 |
| 2011 | — | $22,201,441▲3.3% | $46,307,869▼4.2% | $56,106,627▼3.8% | 990 |
| 2010 | — | $21,487,484 | $48,338,354 | $58,293,508 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Tim Shields — $518,576 (1.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tim Shields | Managing Director | 40 | $518,576 |
| Barry Edelstein | Artistic Director | 40 | $507,387 |
| David Henson | Director of Marketing | 40 | $201,000 |
| Michelle Yeager | Director of Finance | 40 | $190,457 |
| Robert Drake | Senior Producer | 40 | $161,652 |
| Alex Orbovich | General Manager | 40 | $145,542 |
| Llewellyn Crain | Dir. of Philanthropy (thru 7/23) | 40 | $139,216 |
| Dean M Yager | Information Technology Director | 40 | $133,418 |
| Benjamin Thoron | Production Manager | 40 | $125,652 |
| Jamila Y Demby | Director of Edia | 40 | $119,303 |
| Stacy Sutton | Costume Director | 40 | $112,434 |
| Ryan J Osborn | Master Electrician | 40 | $108,914 |
| Ann Davies | Past Chair, Ex-officio | 6 | — |
| Anthony S Thornley | Treasurer | 8 | — |
| Cassandra Weinlein | Board Member | 4 | — |
| Christian Buckley | Board Member | 4 | — |
| Christine Roberts Trimble | Board Member | 4 | — |
| Daphne H Jameson | Board Member | 4 | — |
| David Jay Ohanian | Board Member | 4 | — |
| Debra Turner | Board Member | 4 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ennead Architects LLP | Architecture & Design | $719,648 |
| California Times | Advertising/publishing | $449,280 |
| Les 7 Doigts De La Main | Performances | $403,604 |
| Daniel J Edelman Inc | Advertising/publishing | $275,100 |
| Community Counselling Service Co LLC | Professional Fees | $270,000 |
Grants received · $20.5M total
88 grants to Old Globe Theatre totaling $20.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $960K in FY2023
1 grant totaling $960K in FY2023. All grants made by Old Globe Theatre →
| Recipient | Purpose | Amount |
|---|---|---|
| Old Globe Endowment Trust | Grant to supporting organization to hold as endowment | $959,517 |
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Frequently asked questions
- Is Old Globe Theatre a legitimate nonprofit?
- Yes. Old Globe Theatre is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 95-1543396, based in San Diego, California. Donations are tax-deductible.
- What is Old Globe Theatre's EIN?
- Old Globe Theatre's Employer Identification Number (EIN) is 95-1543396.
- How much revenue does Old Globe Theatre report?
- Old Globe Theatre reported $27,693,543 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Old Globe Theatre's spending goes to programs?
- Old Globe Theatre spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Old Globe Theatre have?
- CharityIndex grades Old Globe Theatre C+, based on program efficiency and fundraising cost.
- How much does Old Globe Theatre's highest-paid employee make?
- The highest reported compensation on Old Globe Theatre's latest Form 990 is $518,576, paid to Tim Shields (Managing Director).
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Data for Old Globe Theatre (EIN 95-1543396) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.