Gablestage Inc

Nonprofit profile at a glance

EIN
591972774
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Coral Gables, FL, USA
Phone
3054461116
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,514,336
Expenses
$2,663,536
Assets
$2,606,665
Liabilities
$1,193,805

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

Leadership & pay

24 people listed

Highest reported compensation

  • BARI NEWPORT (PROD. ARTIST): $140,000 total reported compensation

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

Overview

Mission

The mission of gablestage is to provide the south Florida community with classical, contemporary & new theatrical productions of artistic excellence. We challenge our multicultural audience with innovative productions that entertain as well as explore today's issues & ideas. By emphasizing nontraditional casting & employing the best of our local creative force, gablestage endeavors to meet the needs of our diverse community. Gablestage is committed to the enrichment of the local actor, director, designer & technician by providing the opportunity to achieve artistic acclaim in this region. Gablestage believes the future of theatre can be assured only by the development of young audiences. Therefore, our in-house mainstage & in-school touring educational programs are major components of our theatre. Furthermore, gablestage welcomes the opportunity to support worthy causes through our theatrical production benefits & making the theatre available for use to other cultural/community groups.

What it reported doing in 2024

In its 26th season, the venerable, award-winning gablestage (76 carbonell awards, bill von maurer special award, 3x miami new times-best theatre company) serves as a miami cultural cornerstone, producing theatrical works of artistic excellence that explore today's issues and ideas. This milestone year saw 5 productions attracting over 18,000 patrons and 1,200+ subscriptions. Educational programs-shakespeare in the schools, ignite, student matinees, diary of a production, play readings, and pre/post-show talks-reached nearly 10,000 miami-dade county school students through 20+ teaching artists engaging dozens of schools. Gablestage has been approved to become the theatre-in-residence at the historic coconut grove playhouse in conjunction with miami-dade county and Florida international university.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

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

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 73%; rating input score 73
  • Fundraising efficiency: $4.74 raised per $1 spent on fundraising; rating input score 16; 16th 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.9%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 6.1% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 73% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $140K · 24 people listed
  • Highest-paid contractors: 1 contractor listed · $103K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 12 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 16/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.