Stratford Festival

P.O. Box 520
Stratford, ON N5A 6V2
General Director: Antoni Cimolino
Artistic Director: Des McAnuff

Website: www.stratfordfestival.ca
Charitable Reg. #: 11920 0103 RR0002

Sector: Arts & Culture

Operating Charity

Charity Rating

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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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #150

Avg. Compensation $68,088

Top 10 Staff Salary Range

$350k +	1
$300k - $350k	0
$250k - $300k	0
$200k - $250k	2
$160k - $200k	7
$120k - $160k	0
$80k - $120k	0
$40k - $80k	0
< $40k	0

Information from most recent CRA Charities Directorate filings for F2011

About Stratford Festival:

In 1953, the Stratford Shakespearean Festival (SSF) began with two productions staged in a tent. It now features fourteen productions in five venues ranging in size from the 1,826-seat Festival Theatre down to the 72-seat Studio Theatre Annex. SSF's mission is to produce Shakespeare's plays, to examine other classical plays, and to support the development of theatre practitioners. Musical theatre, Shakespearean comedy, history, and tragedy are some of the genres of plays produced by SSF.

Throughout the seasons, countless famous actors have appeared at SSF. Julie Harris, William Petersen, Christopher Plummer, Sarah Polley, William Shatner, Peter Ustinov, and Christopher Walken are a just few of these actors.

SSF offers numerous educational activities, including acting apprenticeships, and assistant designer and director programs that enable artists to work with, and learn from, seasoned professionals. At Shakespeare School, for a fee, students in grades 5 to 12 may attend a 1-3 week class. Older students may enrol in credit courses offered jointly with five universities. Public activities (some at no cost to participants) include Q&As with actors and talks by english or drama scholars.

Financial Review:

In F2011, SSF's administrative costs were 6% of revenues. Fundraising costs were 18% of donations (up from 14% in F2009). SSF's funding reserves are $66.5m, including $53.6m from the Endowment Foundation. Funding reserves cover 126% of SSF's annual program costs. (Funding reserves of US$0.9m of the related Festival of America are not included.) SSF's capital expenditures were $1.0m in both F2011 and F2010, and $1.2m in F2009.

Financial Ratios Fiscal year ending December	2011	2010	2009
Administrative costs as % of revenues	6.4%	6.4%	6.4%
Fundraising costs as % of donations	17.9%	16.9%	14.1%
Program cost coverage (%)	125.9%	125.9%	117.1%

Summary Financial Statements All figures in $000s	2011	2010	2009
Donations	11,504	10,262	11,799
Government funding	5,673	7,905	6,442
Fees for service	38,671	38,262	37,175
Investment income	3,456	2,823	2,297
Other income	2,145	2,185	2,207
Total revenues	61,449	61,437	59,920
Program costs	52,175	51,314	51,477
Administrative costs	3,706	3,753	3,712
Fundraising costs	2,056	1,735	1,659
Cash flow from operations	3,512	4,636	3,072
Funding reserves	65,673	64,623	60,270

Note: 1) Ci adjusted revenues to include the change in unearned revenue relating to government grants, and restricted donations (including long-term restricted donations). This adjustment increased revenues by $0.6m, $1.5m, and ($1.3m) in F2011, F2010, and F2009, respectively. 2) Ci consolidated the Endowment Foundation, a related organization over which Festival management and board have significant influence. This entity had an October year-end instead of the December year-end of the festival. The consolidation increased revenues by $1.2m in F2011, $0.8m in F2010, $2.2m in F2009. Expenses also increased by $0.5m in F2011, $0.3m in both F2010 and F2009. 3) Other income represents international donations from Festival of America fundraising. 4) Ci excluded amortization of $2.1m in F2011, $2.2m in F2010, and $2.3m in F2009 from expenses.

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