Great River Shakespeare Festival
Great River Shakespeare Festival faces recent operating deficits despite consistent program focus and no reported officer compensation.
EIN: 10765907 · Winona, MN · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $874K |
| Total Expenses | $932K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $-85,018 |
| Transparency Score | 75/100 |
Is Great River Shakespeare Festival Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great River Shakespeare Festival directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great River Shakespeare Festival
Great River Shakespeare Festival (EIN: 10765907) is a nonprofit organization based in Winona, MN, classified under NTEE code A65. The organization reported total revenue of $874K and total assets of $155K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great River Shakespeare Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great River Shakespeare Festival is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $867K |
| Total Expenses | $932K |
| Surplus / Deficit | $-64,252 |
| Total Assets | $122K |
| Total Liabilities | $207K |
| Net Assets | $-85,018 |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 169.9% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Great River Shakespeare Festival reported a deficit of $64K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 169.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Great River Shakespeare Festival's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | -27.9% | -41.2% |
| 2022 | +35.4% | +57.5% | -39.6% |
| 2021 | +59.6% | +96.9% | -10.3% |
| 2020 | -44.3% | -56.1% | +24.6% |
| 2019 | -6.8% | -10.9% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Great River Shakespeare Festival with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Great River Shakespeare Festival allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 169.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is not reported under 'officer compensation' in a way that is visible in this summary data. This indicates a potentially very lean administrative overhead at the executive level relative to its annual revenues, which have ranged from approximately $500,000 to over $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Great River Shakespeare Festival's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $64,252 in 202309, $147,620 in 202209).
- Liabilities consistently exceeding assets in recent periods, indicating a negative net asset position and potential liquidity concerns (e.g., $206,626 liabilities vs. $121,608 assets in 202309).
- Declining asset base from a high of $381,865 in 202009 to $121,608 in 202309.
Strengths
The following positive indicators were identified for Great River Shakespeare Festival:
- Consistent reporting of 0% officer compensation, suggesting lean executive administrative costs.
- Clear mission alignment with NTEE code A65 (Performing Arts, Theater).
- Long filing history (13 filings) indicates established operations and commitment to transparency through IRS reporting.
Frequently Asked Questions about Great River Shakespeare Festival
Is Great River Shakespeare Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Great River Shakespeare Festival (EIN: 10765907) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Great River Shakespeare Festival spend its money?
Great River Shakespeare Festival directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great River Shakespeare Festival tax-deductible?
Great River Shakespeare Festival is registered as a tax-exempt nonprofit (EIN: 10765907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Great River Shakespeare Festival CEO make?
Great River Shakespeare Festival's highest-compensated officer earns $500,000 annually. The organization reported $874K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Great River Shakespeare Festival's spending goes to programs?
Great River Shakespeare Festival directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great River Shakespeare Festival compare to similar nonprofits?
With a transparency score of 75/100 (Good), Great River Shakespeare Festival is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great River Shakespeare Festival located?
Great River Shakespeare Festival is headquartered in Winona, Minnesota and files with the IRS under EIN 10765907. It is classified under NTEE code A65.
How many years of IRS 990 filings does Great River Shakespeare Festival have?
Great River Shakespeare Festival has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $874K in total revenue.
Is Great River Shakespeare Festival financially stable given recent deficits?
The organization has experienced operating deficits in the 202309 and 202209 periods, with expenses exceeding revenue by $64,252 and $147,620 respectively. Additionally, liabilities have exceeded assets in recent years, such as $206,626 in liabilities vs. $121,608 in assets in 202309, indicating potential liquidity challenges. However, it has also shown periods of surplus, suggesting a fluctuating financial position rather than consistent instability.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation suggests that the organization either relies on volunteer leadership for its executive roles or that compensation for key management is categorized differently. This can lead to lower administrative costs, potentially allowing more funds to be directed towards program services, but could also raise questions about the sustainability of leadership without paid compensation.
What is the trend in the organization's assets and liabilities?
Assets have generally declined from a high of $381,865 in 202009 to $121,608 in 202309. Concurrently, liabilities have often exceeded assets in recent periods, for example, $206,626 in liabilities against $121,608 in assets in 202309, indicating a negative net asset position and potential financial strain.
Filing History
IRS 990 filing history for Great River Shakespeare Festival showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great River Shakespeare Festival's revenue has declined by 25.3%, moving from $1.2M to $867K. Total assets decreased by 66.6% over the same period, from $364K to $122K. Total functional expenses rose by 7.5%, from $867K to $932K. In its most recent filing year (2023), Great River Shakespeare Festival reported a deficit of $64K, with expenses exceeding revenue. The organization holds $207K in liabilities against $122K in assets (debt-to-asset ratio: 169.9%), resulting in net assets of $-85,018.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $867K | $932K | $122K | $207K | — | — |
| 2022 | $1.1M | $1.3M | $207K | $228K | — | View 990 |
| 2021 | $845K | $820K | $342K | $216K | — | View 990 |
| 2020 | $529K | $417K | $382K | $280K | — | View 990 |
| 2019 | $951K | $949K | $307K | $317K | — | View 990 |
| 2018 | $1.0M | $1.1M | $256K | $269K | — | View 990 |
| 2017 | $933K | $947K | $349K | $317K | — | View 990 |
| 2016 | $932K | $912K | $510K | $464K | — | View 990 |
| 2015 | $914K | $866K | $496K | $470K | — | View 990 |
| 2014 | $849K | $877K | $454K | $476K | — | View 990 |
| 2013 | $539K | $808K | $543K | $537K | — | View 990 |
| 2012 | $843K | $796K | $702K | $426K | — | View 990 |
| 2011 | $1.2M | $867K | $364K | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $867K, expenses of $932K, and assets of $122K (revenue -24.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $207K (revenue +35.4% year-over-year).
- 2021: Revenue of $845K, expenses of $820K, and assets of $342K (revenue +59.6% year-over-year).
- 2020: Revenue of $529K, expenses of $417K, and assets of $382K (revenue -44.3% year-over-year).
- 2019: Revenue of $951K, expenses of $949K, and assets of $307K (revenue -6.8% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $256K (revenue +9.3% year-over-year).
- 2017: Revenue of $933K, expenses of $947K, and assets of $349K (revenue +0.1% year-over-year).
- 2016: Revenue of $932K, expenses of $912K, and assets of $510K (revenue +2.0% year-over-year).
- 2015: Revenue of $914K, expenses of $866K, and assets of $496K (revenue +7.6% year-over-year).
- 2014: Revenue of $849K, expenses of $877K, and assets of $454K (revenue +57.5% year-over-year).
- 2013: Revenue of $539K, expenses of $808K, and assets of $543K (revenue -36.1% year-over-year).
- 2012: Revenue of $843K, expenses of $796K, and assets of $702K (revenue -27.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $867K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great River Shakespeare Festival:
Data Sources and Methodology
This transparency report for Great River Shakespeare Festival is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.