Bay Street Players Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
Non-Profit Community Theatre in Lake County, Florida
- Income
- $274,620
- Spending
- $285,396
- Spent on programs
- 85%
- Reserves
- -4.7 months of spending
- Largest source of income
- fees for its services, 64%
- Employees
- 8
- Volunteers
- 40
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 33 out of 100. Higher than 6% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 175% of what it owns.
Living within its means
8 of 15Spending exceeded income by 4% of income.
Income trend
10 of 15Income fell 8% on the year before.
Spending floor
15 of 1585% of spending went to programs and raising each dollar of donations cost 22 cents.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 97 out of 100. Higher than 91% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 2510 of 16 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $243,034 spent. THE 50TH SEASON FOR THE BAY STREET PLAYERS (BSP) ENDED WELL, THOUGH TICKET SALES WERE NOT NEARLY AS STRONG AS WE HAD HOPED. THE MANAGEMENT WORKED HARD TO KEEP COSTS DOWN WHICH HELPED TO OFFSET THE LACK OF REVENUES. THE NEXT SEASONS SHOWS SHOULD BRING MORE PATRONS BACK TO OUR HISTORIC THEATER.THE BSP TEAM AGAIN WELCOMED SEVERAL NEW MEMBERS TO OUR BOARD OF DIRECTORS, EACH OF WHOM HAVE A SPECIAL CONNECTION TO THE BSP COMMUNITY. THESE NEW MEMBERS ALSO BRING SKILLS WHICH WILL IMPROVE OUR STANDING IN THE COMMUNITY.THE SEASON BEGAN WITH KEN LUDWIGS COMEDY SHAKESPEARE IN HOLLYWOOD, FOLLOWED BY THE POPULAR MAN-EATING PLANT MUSICAL LITTLE SHOP OF HORRORS. CALENDAR 2025 BEGAN WITH THE RECENTLY RELEASED, AND POSSIBLY SOON TO BE ON THE BROADWAY STAGE DRAMA PAPER THIN. THE FINAL TWO PRODUCTIONS OF THE MAIN STAGE SEASON WERE THE DR. SEUSS BASED PRODUCTION OF SEUSSICAL THE MUSICAL, AND WE CLOSED OUR SEASON WITH A MODERNIZED VERSION OF THE SHAKESPEARE SHOW MUCH ADO ABOUT NOTHING. YOUNG PEOPLES THEATER (YPT) EXPANDED TO ADD A YPTEEN GROUP FOR THOSE YOUTH AGED 13-18. IN THE FALL, THEY HAD DUAL CASTS PERFORMING LITTLE WOMEN, WHILE YOUTH 8-10 PERFORMED THE SURPRISING STORY OF THE THREE LITTLE PIGS. YPT FOLLOWED THE SEUSSICAL PRODUCTION WITH THEIR OWN PRODUCTION OF SEUSSICAL, JR IN THE SRPING. THE SUMMER SAW THE YPT PRODUCTION OF THE SPONGEBOB MUSICAL: YOUTH EDITION.THE THEATER ALSO BEGAN TO ADD TRIBUTE BANDS AND COMEDY SHOWS, AND HOPES TO EXPAND ON THAT IN COMING YEARS.THIS SEASON BEGINS WITH THE STEVE MARTIN AND EDIE BRICKELL MUSICAL BRIGHT STAR, FOLLOWED BY THE CULT CLASSIC (RELATIVELY SPEAKING) EVIL DEAD. JANUARY OF 2026 BEGINS WITH A MAD MAX THEMED VERSION OF SHAKESPEARES KING LEAR, FOLLOWED BY THE LIGHTNING THIEF A PERCY JACKSON BASED MUSICAL, AND WE END OUR SEASON WITH JIMMY BUFFETTS ESCAPE TO MARGARITAVILLE. WHILE THE BUILDING IS 103, WE ARE KEEPING OUR PRODUCTIONS FRESH AND SEEK TO BRING MANY MORE MODERN CHOICES FOR OUR PATRONS.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1990.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.