Shakespeare Society of America

“Description AmountDepreciation from 4562 690INTEREST ON SBA LOAN 365SHAKESPEARE EXHIBITS 3,436INTERNET AND WEBSITE 2,730BANK AND MERCHANT FEES 422TRAVEL 119OFFICE SUPPLIES AND SOFTWARE 1,502CORP LICENSE FEES AND ROYALTIES 125”

“Category Beginning of Year End of YearGIFT SHOP INVENTORY 17,984 14,984LIBRARY AND EXHIBITS 78,517 81,517FUTURE DEPRECIATION 1,724 1,034”

“Category Beginning of Year End of YearOFFICER LOAN 295,247 295,247SBA LOAN 13,654 13,299SALES TAX PAYABLE 380 301”

“PART II, LINE 26SBA COVID ECONOMIC INJURY DISASTER LOAN $14,000On June 14, 2020, SSA received, a Small Business Administration Economic Injury Disaster Loan to provide working capital and alleviate economic injury due to COVID. Terms of the SBA loan is as follows:Loan Term: 30 yearsInterest: 2.75%Collateral: N/A Loan is unsecuredPayments: Installment Payments of $60.00 / month began December 2022For additional information regarding Loan from officers, see Schedule O information for Part V, line 38a)”

“Mission: To provide public benefit programs which inspire education and personal development through the Works of William Shakespeare relating to history, culture, literature, theater and art in America.General Information:The Shakespeare Society operates a museum, gift shop and learning center, which is located in a 2,400 square foot facility in Moss Landing, CA. The Museum is open to the public, at no charge, generally 7 days a week from 10 am-5 pm. Admission is free to the public. Daily tours are offered to walk-in visitors for no charge. A small fee is charged for larger school field trips, senior groups and special interest groups. SSA is listed as a Home School Educational Provider and many home school families visit the facility for educational programs The gift shop includes educational books and materials on Shakespeare life and times, plays and theater, artwork and greeting cards taken from reproductions of copy-right free Shakespeare artwork (taken from mostly 1800s books in the Collection).One full-time volunteer Director conducts all museum docent services and public benefit programs. Part-time volunteers assist with programs and operations. There are currently no paid positions.MuseumThe Museum Collection consists Artwork, Shakespeare Busts, Statues, Metals, Coins, Photographs, Theatrical Archives, Shakespearian Artifacts, Historical Treasures and Memorabilia items, as well as, a large eclectic collection of rare, and contemporary, items with themes centered around Shakespeare, Shakespeare Plays, Quotes, Characters, Life and Times.The SSA Library contains contemporary, as well as a rare books and reference collections, which feature over 3,000 historical and Shakespeare related books and journals on-site. An estimated 2,500 guests visited the museum during 2024. .In addition to the museum items on display in 2024, Special exhibits focused on Shakespeare Art and Shakespeare Flowers were featured in the museum. Docent led presentations included educational information centered on these topics for walk-in visitors, field trips and other special interest groups. .Special Educational EventsProgram services include docent led educational opportunities for the public and special interest groups. SSA is listed as a Home School Educational Provider.In 2024, group tours included school field trips, adult learning programs, autistic children, girl scouts, seniors and home school families. Costumes were lent to 2 schools for theater. SSA hosts an annual Shakespeare birthday celebration.”

“Line 38(a): Officer LoanOfficers Loan due to extraordinary events:After 35 years of operating The Shakespeare Society of America, Globe Playhouse, Museum and Research Library at 1107 N Kings Road in Los Angeles, CA, the SSA lost the lease on the facility in 2006.As a result, in an Emergency Board Meeting held Dec 26, 2006, the Board of Directors: Approved, and Society engaged, the services of an independent legal firm to address legal aspects resulting from the hostile termination of the Societys lease, landlord issues and legal action to secure and protect the Societys assets. Authorized loans from Officers/Directors and established terms in order to fund attorney fees, relocation costs and transition expenses, as necessary. .SSA Board Approval and Terms for Officer/Director LoansPurpose: To protect assets, fund relocation and transition expenses while building a self-supporting organization in a new location.SSA emergency Board meeting on December 26, 2006. RESOLUTION, to authorize and accept loans from Officers and/or Directors to fund relocation costs, essential expense necessary during transition to a new facility and interim operating expenses as required passed with unanimous approval.OFFICER AND/OR DIRECTOR LOAN TERMS: Approval of 6% simple interest with flexible repayment terms through the transition period.In September 2008, the Society reopened the Museum, Art Gallery, Theatrical Archives and Library in a storefront building located at 7981 Moss Landing Road, Moss Landing, CA As of 12/31/2024, loans from Officer/Directors Terry Taylor (CEO) and Sheila Taylor (CFO) totaled $295,247. No additional officer loans were made in 2024.No principal or interest was paid on officer loans during the period 2007-2024.”

“PART ILine 14:Rental rates typical in the Monterey Bay Area are expensive. While SSAs rent is below general market rates for the area, 2024 rent for the 2,400 square foot facility that houses the Museum totals $21,600, and represents the organizations largest annual expense.PART IIGeneral Information Regarding the Balance Sheet including Special Accounting Treatment for Museums and Organizations Maintaining Collections of Art, Historical Treasures or Similar Assets held for public exhibition, education or research in furtherance of public service is as follows.EXHIBIT COLLECTION ASSETS (Not Capitalized in financial statements)The Organization has acquired its archival Exhibit Collection through purchase or by in-kind donations since organized in 1968. No value has been assigned to the Exhibit Collections in accordance with policies followed by Museums. The fair market value of historical and archival collections is not susceptible to objective valuation and has not been reflected in the financial statement. Only current year purchases, and not donations in kind, are reflected in changes in net assets. There were no current year purchases or dispositions of museum assets in 2024.The Exhibit Collection consists of rare and reference books, artwork, Shakespeare busts, statues, metals, coins, photographs and theater archive. .NEGATIVE FUND BALANCE:The negative fund balance of $111,471 as of Dec 31, 2024 is a result of: EXHIBIT COLLECTION ASSETS (not capitalized in financial statements)As discussed above, no value has been assigned to the Exhibit Collection assets in accordance with policies followed by Museums. PRIOR YEARS EXPENSE AND OFFICER LOANS IN RESPONSE TO EXTRAORDINARY EVENT:Officer loans and expenses from extraordinary circumstances of forced relocation and transition costs related to loss of facility lease detailed in the officer loan disclosure, Schedule O, Section 6, for Part V, Line 38a SBA COVID ECONOMIC INJURY DISASTER LOANSSA obtained a SBA COVID Economic Injury Disaster loan of $14,000 to June 14, 2020, see Schedule O, Section 5, disclosure for Line 26. The Board of Directors remains committed to retaining important archival and museum assets for public benefit exhibition and use to fulfill the Organizations mission. General Information, Item C, Name of Organization and DBAs:Shakespeare Society of America operates also under DBAs:Shakespeare America - To expand outreach of SSA Programs, Products and Services.ShakespeareAmerica - To expand outreach of SSA Programs, Products and Services.ShakespeareBrand - Products and merchandise to help Social and Cultural Education.”