Soulpepper Theatre Company

50 Tank House Lane
Toronto, ON M5A 3C4
Artistic Director: Albert Schultz
Executive Director: Leslie Lester

Website: www.soulpepper.ca
Charitable Reg. #: 86969 8449 RR0001
Sector: Arts & Culture
Operating Charity

Social Results Reporting

Grade: C-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #32

Avg. Compensation $62,245

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 3
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Soulpepper Theatre Company:

In 1998, artists founded the Soulpepper Theatre Company (STC) launching a classical theatre company in Toronto. STC has a three-part mission: to produce Canadian interpretations on world plays, to train the next generation of theatre artists, and to enrich youth through mentorship and access programs. STC's plays and activities reach out to youth audiences. Actors and directors lead the STC's education initiative. In 2006, the Soulpepper Academy was launched. The academy trains young actors with performance residency. While at the academy, actors join the mainstage company for the repertory season.

Since 1998, Soulpepper has grown from two summer plays at Harbourfront to a year-round program of over 400 performances at the Young Centre for the Performing Arts. The Young Centre is a joint venture between STC and George Brown College. As the managing partner of Young Centre, STC provides management services to the centre for which costs are recovered. The Young Centre stages STC's performances, artist training, and youth activities.

Financial Review:

In F2011, STC's administrative costs were 12% of revenues and fundraising costs were 19% of donations. These ratios have remained relatively stable over the past three years. STC's funding reserves of $8.1m include $6.3m (78%) of donor-endowed funds (STC does not have investment control of these endowed funds). Total funding reserves cover 129% of STC's annual program costs. STC contributed $219k (grants) to the Young Centre to cover STC's share of its operating loss.

Financial Ratios

Fiscal year ending December
201120102009
Administrative costs as % of revenues 11.6%10.7%11.3%
Fundraising costs as % of donations 18.7%20.7%21.3%
Program cost coverage (%) 128.5%162.6%159.0%

Summary Financial Statements

All figures in $000s
201120102009
Donations 2,7932,7242,635
Government funding 853831791
Fees for service 3,1233,4403,089
Investment income 32058123
Other income (66)11911
Total revenues 7,0237,1726,649
Program costs 6,0665,2285,138
Grants 219328214
Administrative costs 780758738
Fundraising costs 523564562
Cash flow from operations (565)294(3)
Funding reserves 8,0749,0368,511
Note: 1) Ci included STC’s Ontario Arts Endowment Fund and Private endowment, Baillie Artistic Fellowship Fund, in its funding reserves.  Endowment income is included in investment income.  2) Ci adjusted all revenue sources (except tickets and subscriptions) for changes in deferred revenue. 3) Ci reduced program costs by the value of management services provided by STC for the Young centre for which STC was entitled to recover costs.   These cost recoveries were $645k, $619K, and $602k in F2011, F2010, and F2009 respectively. 4) Ci excluded amortization of capital assets of $65k in F2011, $89k in F2010, and $95k in F2009 from expenses.

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