Charleston Stage Company Inc

Nonprofit profile at a glance

EIN
570694183
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Charleston, SC, USA
Phone
8435775967
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$3,650,433
Expenses
$4,273,058
Assets
$1,564,605
Liabilities
$1,378,341

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • JANET FIORENZA (PRESIDENT)
  • KAREN SPAIN (VICE PRESIDENT)
  • VALERIE MORRIS (SECOND VICE PRESIDENT)

Highest reported compensation

  • TIMOTHY ROGERS (MANAGING DIRECTOR): $103,096 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charleston stage's vision is to be a leading professional theater company, engaging the broad community through high quality productions, with leading artists, and excellent production values. The organization provides the community access to theater through education and outreach programs which engage and excite both youth and adults.

What it reported doing in 2024

Founded in 1978 by playwright julian wiles, who was most recently inducted into the college of fellows of the american theater in april 2024 at the kennedy center, charleston stage is South Carolina's largest professional theater company. Charleston stage is a 501(c)3 non-profit organization residing at the historic dock street theatre. Over its 46-year history, charleston stage has presented over 360 productions and entertained a collective audience of more than two million. Beyond producing engaging, high-quality performances, we are deeply committed to our mission of theatre arts education, employing a staff of professional theatre artists dedicated to sharing their expertise with the next generation.the mission of charleston stage is to produce live theatre of the highest caliber, focusing on classic and contemporary musicals and plays that excite and inspire the imagination. Charleston stage celebrates the spirit of discovery by providing a collaborative learning environment in which theatre professionals share their talents with young people, teachers, and schools in the community, inspiring participants to celebrate their own creativity.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.4%; rating input score 90
  • Program expense ratio: 77.2%; rating input score 77
  • Fundraising efficiency: $3.51 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -17.1%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.37; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 7.3% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 16.2% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 90.4% of revenue deployed · 77.2% of spending went to programs
  • Governance: 22 of 22 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.3M in reported program spending
  • Leadership: top reported pay $103K · 23 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.