Shaw Festival Theatre
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
C+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
64%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.
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OVERVIEW
About Shaw Festival Theatre:
Shaw Festival Theatre is a 3-star charity. It has a C+ results reporting grade. For every dollar donated to the charity, 64 cents go to the cause, which is outside of CI's reasonable range.
Founded in 1962, Shaw Festival Theatre, named after Bernard Shaw, produces and performs plays in Niagara-on-the-Lake, Ontario. Its performance season runs from February to December. Shaw’s main productions are located at four different venues: the Festival Theatre, Royal George Theatre, the Jackie Maxwell Studio Theatre, and outdoor/community stages.
In F2022, Shaw ran 17 unique plays, completing a total of 783 live performances. The Festival Theatre hosted the most events (237), followed by Royal George Theatre (268), Jackie Maxwell Studio Theatre (169), and outdoor/community stages (109). Shaw reports that 170,803 people attended its performances in F2022. The Festival Theatre received over half the total attendance, reaching 100,766 attendees in F2022.
Outside of live performances, Shaw Festival Theatre engages in education and outreach activities. The Slaight Family Academy trains and develops aspiring actors. The Neil Munro Intern Directors Program grants internships to two aspiring directors each year. Shaw also hosts events to connect the public, teachers, and youth with the arts. In F2022, 3,943 events and classes were given. These events reached a total of 60,903 people.
Shaw Festival Theatre has two associated foundations. The Shaw Festival Theatre Endowment Foundation receives Canadian donations, while Shaw Festival Foundation is located in Buffalo (New York) and receives American donations. Both foundations grant money to the Shaw Festival Theatre.
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Results and Impact
Shaw Festival Theatre ran a community economic impact analysis. The charity reports that customers who visit the area for a show stay for a few days to tour the town. Its audience also spends on accommodations, dining, and retail within the local community. Shaw states that each year, it impacts Ontario’s tourism economy by over $220m. From a different perspective, an average of over $7 is spent locally for each dollar spent with the theatre, Shaw reports.
On its annual report, Shaw Festival Theatre highlighted 13 positive reviews for its performances from credible news sources. Four of these reviews were from The Globe and Mail and the New York Times.
While Ci highlights these key results, they may not be a complete representation of Shaw Festival Theatre’s results and impact.
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Finances
Ci consolidated Shaw Festival Theatre with its associated Endowment Foundation in the financial analysis. Transfers from the Endowment Foundation to the theatre are not included.
Shaw Festival Theatre is a large charity with donations of $8.7m in F2022. Administrative costs are 9% of revenues and fundraising costs are 27% of donations. For every dollar donated to the charity, 64 cents go to the cause, which is outside Ci's reasonable range for overhead spend. In F2022, the charity received $1.5m from Shaw Festival Foundation (US), which is included in international donations.
Shaw Festival Theatre and its associated Endowment Foundation have reserve funds of $32.2m, of which $31.9m is donor endowed. The charity’s reserve funds can cover 108%, or 13 months of its annual program costs. The charity's reserve funds excluding donor-endowed funds can cover only 1% of its annual program costs.
This charity report is an update that has been sent to Shaw Festival Theatre. Comments and edits may be forthcoming.
Updated on May 29, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.4% | 11.2% | 14.9% |
| Fundraising costs as % of donations | 26.9% | 18.7% | 20.1% |
| Total overhead spending | 36.3% | 29.9% | 35.0% |
| Program cost coverage (%) | 1.2% | 16.1% | (3.2%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 8,700 | 7,802 | 6,491 |
| Government funding | 10,287 | 10,170 | 16,399 |
| Fees for service | 15,994 | 6,689 | 3,113 |
| Investment income | (1,533) | 4,448 | 2,260 |
| Other income | 839 | 4,708 | 229 |
| Total revenues | 34,286 | 33,817 | 28,492 |
| Program costs | 29,643 | 19,710 | 16,916 |
| Administrative costs | 3,496 | 3,379 | 4,053 |
| Fundraising costs | 2,339 | 1,461 | 1,306 |
| Other costs | 233 | 222 | 209 |
| Total spending | 35,710 | 24,773 | 22,485 |
| Cash flow from operations | (1,424) | 9,044 | 6,008 |
| Capital spending | 2,972 | 779 | 711 |
| Funding reserves | 32,211 | 33,630 | 28,050 |
Note: Shaw Festival Theatre had $2.5m in deferred revenue in F2022, $2.8m in F2021. The entirety of deferred revenues came from business activities, either ticket sales or ancillary, this was adjusted in the financials. Shaw had $494k in deferred contributions in F2022 and $229k in F2021. It was unclear if this was donor or government funded revenue, as such this was included in other income.
Salary Information
$350k + |
2 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
4 |
$120k - $160k |
4 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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Tel: 905-468-2172