Stratford Festival
Stratford, ON N5A 6V2
Executive Director: Anita Gaffney
Board Chair: Daniel Bernstein
Website: www.stratfordfestival.ca
Charitable Reg. #: 11920 0103 RR0002
Charity Rating
Donor Accountability
Grade: C
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Full-time staff #159
Avg. Compensation $67,435
Top 10 Staff Salary Range
| $350k + | 1 |
| $300k - $350k | 1 |
| $250k - $300k | 0 |
| $200k - $250k | 1 |
| $160k - $200k | 3 |
| $120k - $160k | 4 |
| $80k - $120k | 0 |
| $40k - $80k | 0 |
| < $40k | 0 |
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:
The Stratford Festival is a large charity, with donations of $16m in F2015. The majority of its revenues are generated from performances (at $30.7m in F2015), representing 48% of total revenues. Its administrative costs at 8% of revenues and fundraising costs at 10% of donations fall within Ci’s reasonable range. For every $1 donated to Stratford Festival, 82 cents is put towards its programs. Stratford Festival has funding reserves of $83m, resulting in a program cost coverage ratio of 161%. This means that the charity can fund its programs for 1.6 years using its current reserves.
This charity report is an update that is being reviewed by Stratford Festival. Changes and edits may be forthcoming.
Updated on May 26, 2016 by Lynn Tay.
Financial RatiosFiscal year ending December |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.6% | 7.6% | 6.8% |
| Fundraising costs as % of donations | 10.3% | 9.0% | 12.9% |
| Program cost coverage (%) | 161.1% | 160.2% | 145.1% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 16,020 | 17,457 | 12,722 |
| Government funding | 3,636 | 3,871 | 5,013 |
| Fees for service | 39,984 | 35,657 | 37,673 |
| Investment income | 3,720 | 7,498 | 7,448 |
| Total revenues | 63,360 | 64,483 | 62,855 |
| Program costs | 51,284 | 48,527 | 47,830 |
| Grants | 425 | 483 | 403 |
| Administrative costs | 4,517 | 4,355 | 3,746 |
| Fundraising costs | 1,656 | 1,571 | 1,638 |
| Cash flow from operations | 5,478 | 9,547 | 9,238 |
| Funding reserves | 83,294 | 78,504 | 69,977 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.
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