2026-02-11T12:19:13-06:00 2025-09-30 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2024-10-01 541487955 AMERICAN SHAKESPEARE CENTER AMER 5408885588 20 S NEW ST 4TH FLOOR STAUNTON VA 24401 DANA FLANDERS BOARD CHAIR 5408885588 2026-02-09 1 1 JAMES R FRIES P01320612 5404346736 2026-02-09 2024 2025-03-06 01:10:19Z DANA FLANDERS 20 S NEW ST 4TH FLOOR STAUNTON VA 24401 3893711 0 X WWW.AMERICANSHAKESPEARECENTER.COM X 1988 VA TO ADVANCE UNDERSTANDING, IMAGINATION, AND COMMUNITY BY ILLUMINATING SHAKESPEARE THROUGH PERFORMANCE, RESEARCH, AND EDUCATION IN THE BLACKFRIARS PLAYHOUSE AND BEYOND. 19 19 82 110 16816 0 584555 900584 2801019 2788349 887 9449 105604 112282 3492065 3810664 0 0 0 0 1919536 2008460 0 0 103745 1660683 1768416 3580219 3776876 -88154 33788 3177065 2894135 2726192 2409474 450873 484661 X THE AMERICAN SHAKESPEARE CENTER ADVANCES UNDERSTANDING, IMAGINATION, AND COMMUNITY BY ILLUMINATING SHAKESPEARE THROUGH PERFORMANCE, RESEARCH, AND EDUCATION IN THE BLACKFRIARS PLAYHOUSE AND BEYOND. 1 1 2803683 2575972 ARTISTIC INNOVATIONASC PRODUCES CLASSICAL AND CONTEMPORARY WORKS IN ROTATING REPERTORY, USING ORIGINAL STAGING PRACTICES INCLUDING SHARED LIGHT AND DIRECT AUDIENCE ENGAGEMENT TO CREATE ACCESSIBLE AND HISTORICALLY INFORMED PERFORMANCES. PRODUCTIONS TAKE PLACE IN THE BLACKFRIARS PLAYHOUSE, THE WORLD'S FIRST RE-CREATION OF SHAKESPEARE'S INDOOR THEATRE. DURING THE YEAR, ASC PRESENTED 305 PERFORMANCES AND EXPANDED ARTIST DEVELOPMENT THROUGH MENTORSHIP AND DIRECTING OPPORTUNITIES. ASC ALSO PILOTED A NEW CHILDREN'S ADAPTATION OF THE WINTER'S TALE TITLED SORRY, MOST SORRY, WHICH WELCOMED MORE THAN 200 FAMILIES, INCLUDING CHILDREN AS YOUNG AS THREE, INTO THE PLAYHOUSE. ADDITIONAL DETAIL IS PROVIDED ON SCHEDULE O.ASC EXPANDED PROFESSIONAL DEVELOPMENT PATHWAYS THROUGH MENTORSHIP, UNDERSTUDY TRAINING, AND THE ARTIST DEVELOPMENT INITIATIVE, WHICH PROVIDED DIRECTING OPPORTUNITIES FOR VETERAN ARTISTS AND EARLY CAREER DIRECTORS. ASC PILOTED A NEW CHILDREN'S ADAPTATION OF THE WINTER'S TALE TITLED SORRY, MOST, SORRY. THIS PERFORMANCE INTRODUCED YOUNG AUDIENCES TO SHAKESPEARE THROUGH AGE-APPROPRIATE STORYTELLING AND INTERACTIVE PERFORMANCE AND WELCOMED MORE THAN 200 FAMILIES INTO THE PLAYHOUSE. COMMUNITY PARTNERSHIPS ALSO BROADENED ENGAGEMENT, INCLUDING COLLABORATIONS WITH LOCAL ANIMAL WELFARE GROUPS THAT FEATURED ADOPTABLE RESCUE DOGS IN PERFORMANCES OF THE TWO GENTLEMEN OF VERONA. 278962 274762 EMPOWERING EDUCATIONASC PROVIDES EDUCATION PROGRAMS FOR LEARNERS OF ALL AGES THROUGH STUDENT MATINEES, WORKSHOPS, SUMMER THEATRE CAMPS, DRAMA CLUBS, AND COMMUNITY LEARNING PROGRAMS. THIS YEAR, ASC WELCOMED MORE THAN 7,600 STUDENTS TO MATINEE PERFORMANCES. MANY OF THESE STUDENTS WERE EXPERIENCING LIVE THEATRE FOR THE FIRST TIME. ASC AWARDED MORE THAN $15,000 IN CAMP SCHOLARSHIPS. NEW OFFERINGS INCLUDED THE ASC DRAMA CLUB, THE ASC BOOK CLUB, AND THE NO KIDDING ADULT LEARNING PROGRAM. ASL INTERPRETED PERFORMANCES INCREASED ACCESS FOR STUDENTS FROM THE VIRGINIA SCHOOL FOR THE DEAF AND THE BLIND AND OTHER COMMUNITY MEMBERS. ADDITIONAL DETAIL IS PROVIDED ON SCHEDULE O.ASC THEATRE CAMP STUDENTS COMPLETED PERFORMANCE-BASED STUDY OF SHAKESPEARE'S HISTORY PLAYS HENRY VI PARTS I THROUGH III AND RICHARD III. STUDENTS DEVELOPED COMMUNICATION, COLLABORATION, AND LEADERSHIP SKILLS THROUGH ENSEMBLE WORK. PARTICIPANTS IN THE NO KIDDING ADULT PROGRAM EXPLORED CLASSICAL PERFORMANCE TECHNIQUES THROUGH SCENE STUDY. THESE PROGRAMS EXTEND ASC'S COMMITMENT TO LIFELONG LEARNING FOR PARTICIPANTS OF ALL AGES. 23356 21156 BUILDING COMMUNITY AND FOSTERING ACCESSIBILITYASC EXPANDED ACCESSIBILITY THROUGH COMMUNITY PARTNERSHIPS, FLEXIBLE PRICING, AND INITIATIVES DESIGNED TO REDUCE BARRIERS TO LIVE PERFORMANCE. THE LIBRARY CULTURE PASS PROVIDED 177 RESIDENTS WITH FREE ADMISSION. ASC OFFERED PAY WHAT YOU WILL EVENTS, VETERANS DISCOUNTS, AND ASL INTERPRETED PERFORMANCES. ASC ALSO INTRODUCED AN ASL INTERPRETER TRAINING INITIATIVE THAT PROVIDED REHEARSAL ACCESS AND PRACTICAL TRAINING FOR DEVELOPING INTERPRETERS. THE ORGANIZATION WELCOMED MORE THAN 19,700 FIRST-TIME VISITORS DURING THE YEAR AND STRENGTHENED REGIONAL ENGAGEMENT. ADDITIONAL DETAIL IS PROVIDED ON SCHEDULE O.ASC SERVED MORE THAN 7,600 STUDENTS THROUGH STUDENT MATINEE PROGRAMMING AND OFFERED COMPLIMENTARY TICKETS THROUGH COMMUNITY PARTNERS TO INCREASE ACCESS FOR LOCAL FAMILIES AND SCHOOLS. THE ASL INTERPRETER TRAINING INITIATIVE PROVIDED TRAINING OPPORTUNITIES FOR DEVELOPING INTERPRETERS WITHIN THE REHEARSAL PROCESS. EXPANDED COMMUNITY ACCESS INITIATIVES INCLUDED ASL INTERPRETED PRODUCTIONS, INTERGENERATIONAL WORKSHOPS, ADOPTABLE DOG EVENTS, AND THE LIBRARY CULTURE PASS. THESE EFFORTS SUPPORTED ASC'S GOAL OF REDUCING SOCIAL, FINANCIAL, AND GEOGRAPHIC BARRIERS TO PARTICIPATION IN LIVE PERFORMANCE. 3106001 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 100 0 1 82 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X X X THE ORGANIZATION 5408855588 20 S NEW STREET 4TH FLOOR STAUNTON VA 24401 DANA FLANDERS CHAIR 8.00 X X 0 0 0 NANCY KYLER VICE CHAIR 5.00 X X 0 0 0 JEMMA LEVY SECRETARY 3.00 X X 0 0 0 CARL STEIDTMANN FINANCE CHAIR 4.00 X 0 0 0 JOSH MCCOY DEVELOPMENT CHAIR 2.00 X 0 0 0 JANICE O'ROURKE PERSONNEL CHAIR 2.00 X 0 0 0 MARTHA WALKER EDUCATION CHAIR 2.00 X 0 0 0 RICHARD HC CLAY PERSONNEL CHAIR 3.00 X 0 0 0 DAVID STERLING BROWN TRUSTEE 2.00 X 0 0 0 TY BUCKMAN TRUSTEE 2.00 X 0 0 0 KRIS DOAN TRUSTEE 2.00 X 0 0 0 PAMELA FRIEDMAN TRUSTEE 2.00 X 0 0 0 PETER KIRWAN TRUSTEE 2.00 X 0 0 0 TIFFANY STERN TRUSTEE 2.00 X 0 0 0 MYRON STEVES TRUSTEE 2.00 X 0 0 0 KEN VENABLE TRUSTEE 2.00 X 0 0 0 GARRY WALTON TRUSTEE 4.00 X 0 0 0 KIMBERLY R WEST TRUSTEE 4.00 X 0 0 0 TYNISHA D WILLINGHAM TRUSTEE 2.00 X 0 0 0 DAVIDSON A PERRY-MILLER TRUSTEE 2.00 X 0 0 0 RALPH ALAN COHEN BOARD ADVISOR 4.00 X 0 0 0 VANESSA MOROSCO EXECUTIVE DIRECTOR 40.00 X X 64580 0 8284 JESSICA ROSE FINANCE DIRECTOR 40.00 X 43822 0 1849 108402 0 10133 0 0 0 0 0 283 75720 824581 2010 900584 ARTISTIC INNOVATION 711110 2492431 2492431 EMPOWERING EDUCATION 711110 274762 274762 BUILDING COMMUNITY 711110 21156 21156 2788349 9449 9449 11925 283 0 11925 11925 174978 83047 91931 75115 16816 ADVERTISING REVENUE 541800 8426 8426 8426 3810664 2871890 16816 21374 148239 121388 20331 6520 1545376 1255943 220935 68498 47031 42188 2975 1868 139361 125012 8815 5534 128453 107190 15851 5412 99379 99379 287059 285398 1436 225 95990 95990 179881 169724 8576 1581 51047 51047 368665 323256 44797 612 37001 34151 1992 858 80527 80361 166 120424 120424 62906 57429 3987 1490 UTILITIES 96326 86585 9741 0 MAINTENANCE 87320 86858 462 0 BANK FEES 80868 76752 4116 OTHER EXPENSES 44597 33723 881 9993 76426 73006 2266 1154 3776876 3106001 567130 103745 226621 13058 94117 221788 56347 1779 1288 19838 13636 38745 66145 4525166 2780015 1813966 1745151 981999 776722 3177065 2894135 54559 44133 457382 419363 1253077 1150424 10000 40000 951174 755554 2726192 2409474 X 354654 249051 96219 235610 450873 484661 3177065 2894135 33788 0 X 0 1 X 1 0 X 870906 426954 753529 584555 900584 3536528 643069 1142664 2378868 2976427 2963327 10104355 1513975 1569618 3132397 3560982 3863911 13640883 117953 70370 214871 119446 94084 616724 0 117953 70370 214871 119446 94084 616724 13024159 86 1409 595 887 9449 12426 86 1409 595 887 9449 12426 1514061 1571027 3132992 3561869 3873360 13653309 0.95390 0.93420 0.00090 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94117 121142 6529 221788 93555 562 94117 91361 2000 194 93555 89343 2000 18 91361 82899 6427 17 89343 0.00000 0.94826 0.05174 0 0 51329 51329 4268362 2631892 1636470 57267 9099 48168 82616 75425 7191 65592 63599 1993 1745151 DEPOSITS 18657 LORT BOND 44056 RIGHT OF USE ASSET - OPERATING LEASE 714009 776722 LEASE LIABILITIES 755554 755554 X 3993991 183327 183327 3810664 0 3810664 3960203 183327 183327 3776876 0 3776876 PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. CERTAIN REVENUES MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE ORGANIZATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BAORD (FASB) ACCOUNTING STANDARDS CODIFICATION, HOWEVER, MANAGEMENT DOES NOT BELIEVE IT IS EXPOSED TO ANY SUCH POSITIONS AS THEY ARE DEFINED IN THIS GUIDANCE. THE ORGANIZATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF THE TREASURY AND FORM 990T, EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN, WHEN REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE COMPENSATED TICKETS NETTED AGAINST REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE COMPENSATED TICKETS NETTED AGAINST REVENUE PETER SIMON HILTON SPOUSE OF ED 15000 CONSULTING SERVICES AND RESEARCH 0 FORM 990, SCHEDULE L, PART II AN OFFICER'S SPOUSE PROVIDED PROFESSIONAL SERVICES TO THE ORGANIZATION AS AN INDEPENDENT CONTRACTOR DURING THE FISCAL YEAR. THE RELATIONSHIP WAS DISCLOSED TO THE BOARD AND REVIEWED AND APPROVED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE OFFICER DID NOT PARTICIPATE IN THE APPROVAL OR OVERSIGHT OF THE CONTRACT. FORM 990, PART III, LINE 2 ASC LAUNCHED ONE NEW PROGRAM DURING THE YEAR: THE ASC BOOK CLUB, A RECURRING TEXT-BASED LEARNING PROGRAM FOR ADULT PARTICIPANTS THAT SUPPORTS COMMUNITY DISCUSSION. FORM 990, PART III, LINE 3 ASC REFINED SEVERAL EDUCATION PROGRAMS TO ALIGN WITH ORGANIZATIONAL CAPACITY AND PARTICIPANT NEEDS. ADJUSTMENTS INCLUDED CHANGES TO SUMMER CAMP STRUCTURE AND EXPANDED USE OF ON-SITE EDUCATIONAL DELIVERY TO IMPROVE PARTICIPANT EXPERIENCE AND INSTRUCTIONAL CONSISTENCY. FORM 990, PART VI, SECTION A, LINE 4 UPDATED SECTIONS 2.2 AND 3.2 ON OUR BYLAWS. SECTIONS 3.5-3.8 WERE UPDATED TO REFLECT OUR CURRENT LEADERSHIP MODEL, THIS INCLUDED NEW SECTIONS ON CO-CHAIRS AND OUR EXECUTIVE DIRECTOR AS EX OFFICIO. SECTION 6.4 WAS UPDATED TO INCLUDE MARKETING, REFLECTING OUR JOINED DEVELOPMENT AND MARKETING DEPARTMENT. SECTION 6.8 WAS UPDATED TO OUTLINE OUR EDUCATION COMMITTEE (6.8 BECAME 6.9, ETC). SECTION 9.2 NOW REFLECTS THE ASC'S CONFLICT OF INTEREST POLICY INSTEAD OF BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS CIRCULATED ELECTRONICALLY TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. POTENTIAL CONFLICTS ARE DISCLOSED ANNUALLY AND AS THEY ARISE. WHEN A CONFLICT IS IDENTIFIED, THE INTERESTED INDIVIDUAL RECUSES THEMSELVES FROM DISCUSSION AND APPROVAL OF THE RELATED TRANSACTION. SEE SCHEDULE L REGARDING A DISCLOSED TRANSACTION INVOLVING AN OFFICER'S SPOUSE. THE MATTER WAS HANDLED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 ARTISTIC DIRECTOR, DIRECTOR OF MISSION, FINANCE DIRECTOR, CONTROLLER AND MANAGING DIRECTOR REPORT DIRECTLY TO THE BOARD OF TRUSTEES. A COMMITTEE FROM THE BOARD OF TRUSTEES REGULARLY REVIEWS THESE POSITIONS AND MAKES RECOMMENDATIONS TO THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 18 WEBSITE / THIRD-PARTY SITE FORM 990, PART VI, SECTION C, LINE 19 ALL 990S AND FINANCIAL AUDITS FOR THE PAST 3 YEARS ARE ACCESSIBLE ON THE ASC WEBPAGE. FORM 990, PART VI, LINE 13 THE WHISTLEBLOWER POLICY IS A BOARD-ADOPTED GOVERNANCE POLICY AND IS REFLECTED IN THE EMPLOYEE HANDBOOK FOR IMPLEMENTATION. HANDBOOK LAST UPDATED ON 7.16.2025 AND BOARD-APPROVED OCTOBER 2026. FORM 990, PART VI, LINE 14 THIS POLICY HAS BEEN IN OPERATIONAL USE AS PART OF OUR ACCOUNTING PROCEDURES; WE ARE FORMALIZING IT AS A STANDALONE GOVERNANCE POLICY.