Soulpepper Theatre Company

About Soulpepper Theatre Company:

In 1998, artists founded the Soulpepper Theatre Company (STC) launching a classical theatre company in Toronto.  STC has a three-part mission: to produce Canadian interpretations on world plays, to train the next generation of theatre artists, and to enrich youth through mentorship and access programs.   STC’s plays and activities reach out to youth audiences. Actors and directors lead the STC’s education initiative.  In 2006, the Soulpepper Academy was launched.  The academy trains young actors with performance residency.  While at the academy, actors join the mainstage company for the repertory season.

Since 1998, Soulpepper has grown from two summer plays at Harbourfront to a year-round program of over 400 performances at the Young Centre for the Performing Arts.  The Young Centre is a joint venture between STC and George Brown College. As the managing partner of Young Centre, STC provides management services to the centre for which costs are recovered.  The Young Centre stages STC’s performances, artist training, and youth activities.

Financial Review:

In F2011, STC’s administrative costs were 12% of revenues and fundraising costs were 19% of donations.  These ratios have remained relatively stable over the past three years.  STC’s funding reserves of $8.1m include $6.3m (78%) of donor-endowed funds (STC does not have investment control of these endowed funds).  Total funding reserves cover 129% of STC’s annual program costs.  STC contributed $219k (grants) to the Young Centre to cover STC's share of its operating loss.