Franklin Stage Company
Legal name: Franklin Stock Company at Chapel Hall Inc
Nonprofit profile at a glance
- EIN
- 161512454
- IRS 990 coverage
- 2013–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Franklin, NY, US
- Phone
- 607.829.3700
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
- Affiliation
- Christianity
Reported finances
- Revenue
- $308,896
- Expenses
- $304,239
- Assets
- $632,504
- Liabilities
- $7,069
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- KATHLEEN MASTERSON (President)
- MARK HANDELMAN (Vice President)
Highest reported compensation
- PATRICIA BUCKLEY (EX-OFFICIO/AD): $68,585 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Franklin Stage Company's dual mission is to produce professional, admission-free theater that brings together audiences and artists to create community and celebrate the enduring power of stories; and to ensure the preservation of Chapel Hall, our historic home, as both an architectural treasure and a center of community activity.
What it reported doing in 2025
We aim, through innovative and accessible productions of plays from the classical repertory, as well as some of the finest plays of the 20th and 21st centuries, to stimulate interest in live theatre and to enrich the lives of area residents and visitors. The second goal is the preservation of Franklin's beautiful Chapel Hall, a building listed on the National Register of Historic Places. We want to ensure that the building will continue to serve as a center of community activity as it has for generations.
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - 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: 70
- Transparency & Controls: 86
- Accountability: 95
- Sustainability: 42
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.3%; rating input score 71
- Program expense ratio: 71.8%; rating input score 72
- Fundraising efficiency: $21.25 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 20th 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; 64th 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.5%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 2.08; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 22.5%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 9.9% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: -4.7% per year; rating input score 0; 10th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 71.3% of revenue deployed · 71.8% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $218K in reported program spending
- Leadership: top reported pay $69K · 10 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2025
- 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.
- Review — Financial Efficiency: Fundraising efficiency scored 57/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.