The Old Globe

What it reported doing in 2024

The old globe welcomed 200,000 admissions and program participants, including those who attended our free arts engagement programs in the community. The old globe presented 495 performances of 15 plays in our three venues in balboa park plus at 19 venues throughout the san diego region, including in tijuana, b.c., mexico. The old globe annually employs more than 700 artists, artisans, and staff members, attracting leading national theatre artists to san diego as well as strengthening the local theatre scene by hiring high-caliber professionals. Our annual economic impact for san diego is $40.9 million.the old globe's reach radiates far beyond san diego, with 27 productions having moved to broadway, including a gentleman's guide to love and murder, almost famous, and most recently, bob fosse's dancin'. Adding to this remarkable legacy, the heart of rock & roll opened at the james earl jones theatre in april 2024 and became the 27th globe production to achieve the distinction of a broadway debut. Our social justice roadmap has been hailed as an exemplar for american theatre, with measurable commitments and reports on our progress shared with our community.the old globe's powers new works fund supported the new commissions of four playwrights, funded thirteen developmental workshops, and supported the 2024 powers new voices festival. Five plays showcased in recent powers festivals, including under a baseball sky, age of innocence, stir, exotic deadly, and crime and punishment a comedy, have received their world premiere by the end of 2024. The globe's arts engagement programs are recognized internationally for their innovation, responsiveness, and ability to connect with diverse populations. Since 2015, the globe has cultivated deep relationships with communities across san diego county to foster cross-cultural and intergenerational shared experiences centered on participatory theatre-making. Through 17 programs conducted in partnership with over 40 community organizations, the globe engages with unsheltered adults, military service members and veterans, refugee and immigrant populations, senior citizens, the neurodiverse community, incarcerated adults, justice- involved youth, and title i students. These organizations include veterans village, naval base san diego, fourth district senior resource center, south bay community services, las colinas detention and reentry facility, centinela and donovan state prisons, oceanside public library, and many more. One of our most popular programs is globe for all, an annual touring shakespeare production that serves san diego communities without easy access to professional theatre. It brings free performances, community meals, and theatre workshops to 19 local schools, correctional facilities, and community centers annually. Free student matinees served nearly 5,000 young people and their teachers, introducing them to theatre - many for the very first time.other programs for youth include school in the park, an immersive, multi-week program for elementary and middle schools at the globe, pam farr summer shakespeare studio for young actors, theatre design studio, which introduces young people to careers in production, and creative youth studio, which guides students in performance, technical theatre, and career building. All together, these programs served nearly 1,250 students in 2024.the globe distributed over 4,000 free tickets to community organizations, including sbcs (formerly south bay community services), community youth athletics center in national city, elderhelp of san diego, and the uso.

Financial Efficiency

• Mission deployment rate: 91.2%; rating input score 91
• Program expense ratio: 79.2%; rating input score 79
• Fundraising efficiency: $5.49 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -11.5%; rating input score 9; 9th percentile among comparable filings
• Total-asset coverage ratio: 1.88; rating input score 59; 59th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 7.2%; rating input score 34; 34th percentile among comparable filings

Growth

• Program expense growth: 4.6% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 4.5% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings