2022 Budget Transparency Report

Theater in Asylum believes that transparency enables the sharing of power and responsibility. We commit to being open with how company decisions are made and money is spent. Below please find an overview of our finances in 2022. This is also on our website’s transparency page, a page we launched last year as a way to showcase our finances and decision-making.

Big Picture Takeaways of Theater in Asylum’s 2022 Finances

• We projected to spend ~$22,000 in 2022, but actually spent ~$19,000.
• We projected to earn ~$15,000 in 2022, but we actually earned ~$21,000. We were much more successful with grants than we anticipated.
• We netted about $2,000 this year, which we will save for next year when The FTP Show will premiere.
  
• In all, our finances were healthy this year and we enter 2023 in a strong place.

The FTP Show workshop, photo by Shubhra Mishra

2022’s Major Projects

• The FTP Cabaret, produced by Theater in Asylum, presented live and on zoom May 13-14, 2022. 37 artists presented 7 short pieces to 120 in-person attendees and over 400 streaming online.
  
• The FTP Show workshop. The team gathered for one week to develop the characters and script to our latest piece, culminating with an invited performance. This also generated photos and video that we were able to use in grant applications this year.
  
• Cold Readings, held in-person and online throughout the year. We hosted 17 readings this year with approximately 15 people at each, 255 people total. 10 were facilitated by Theater in Asylum, with 7 facilitated by guest facilitators.
  

2022 Expenses

Budgeted Expenses

• Personnel: $14,393
• Production Costs: $1,750
• Space: $2,085
• Administrative: $2,061
• Development: $600
• Contingencies: $871
• Total Budgeted Expenses: $21,760

Actual Expenses (as of 12/29/22)

• Personnel: $12,944
• Production Costs: $1,295
• Space: $1,274
• Administrative: $1,147
• Development: $210
• Contingencies: $1,085
• Total Actual Expenses: $18,849
  

2022 Revenues

Projected Revenue 

• Donations: $11,000
• Grants: $3,000
  
• Tickets: $1,050
• Total Projected Revenues: $15,050

Actual Revenue (as of 12/29/22)

• Donations: $11,567 
• Grants: $8,275 
• Tickets: $1,380 
• Total Actual Revenues: $21,222
  
  

2022 Net

Projected Net

• Projected Expenses: $21,760
• Projected Revenue: $15,050
• Projected Net: -$6,710 
• Note: We had surplus from previous years if needed. Our large discrepancy here was in anticipation of not winning as many grants as we did.
  

Actual Net

• Actual Expenses: $18,849
• Projected Revenues: $21,222
• Actual Net: $2,373
• Note: We were very successful with grants this year and able to add to our surplus fund, which we plan to spend on The FTP Show in 2023.
  

How Theater in Asylum paid people in 2022

• For The FTP Cabaret, 37 collaborators were paid an equal stipend of $150.
• For The FTP Show workshop, 12 collaborators were paid an equal stipend of $325.
• For Cold Readings, a curation team of 3 people were paid $399 each for their work throughout the year. 12 people were paid $50 facilitator stipends.
• TIA’s annual staff (two artistic directors, one managing director, one PR and marketing manager) were paid $599 each for their work throughout the year. These people did not receive project or Cold Reading facilitator stipends.
  
• TIA’s Fundraising and Grants coordinator was paid $150 for their work from August-December.

Guests artists from The Anthropologists at The FTP Cabaret. Photo by Shubhra Mishra.

Looking ahead: 2023 Payment Structure

• We are planning to pay significantly higher production and annual staff stipends next year.
• For a developmental reading of The FTP Show, collaborators are budgeted to receive $50 each.
• For The FTP Show production, collaborators are budgeted to receive $1,000 each. Collaborators with commitments that will require less time are budgeted to receive half stipends ($500 each). For hourly load-in and load-out labor, we are budgeting to pay people $25/hour.
  
• For Cold Readings we plan to have one person on our annual staff, with guest facilitators receiving $50.
• We are budgeting for a 6-person annual staff in 2023, with each person receiving $1,200 for their work throughout the year. Annual staff members do not receive project or Cold Reading facilitator stipends.

A recent Cold Reading

Thank you

We are so appreciative of our community, who has helped us organize our company, our budgets, and our work. More of our transparency commitments, as well as previous years’ reports, maybe be found on our Transparency page. We also always invite feedback and contact info may be found on our Community page. Thank you all for making Theater in Asylum a vibrant community and fruitful for all involved.

Thank you,
Paul, Katie, and Kathryn
Theater in Asylum

Ps. We are currently fundraising for 2023! Please consider supporting us with a donation here.