Franklin Villagers Barn Theatre Inc 44108
Franklin Villagers Barn Theatre Inc: Declining Revenue and High Liabilities Raise Concerns
EIN: 222268202 · Somerset, NJ · NTEE: A650 · Updated: 2026-04-04
About Franklin Villagers Barn Theatre Inc 44108
Franklin Villagers Barn Theatre Inc 44108 (EIN: 222268202) is a nonprofit organization based in Somerset, NJ, classified under NTEE code A650. The organization reported total revenue of $305K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Villagers Barn Theatre Inc 44108's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Villagers Barn Theatre Inc 44108 with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Franklin Villagers Barn Theatre Inc 44108 allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which may indicate an all-volunteer board or that compensation is not disclosed in this format.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Franklin Villagers Barn Theatre Inc 44108's IRS 990 filings:
- Total liabilities ($122,751 in 2023) are significantly high relative to total assets ($211,473 in 2023), indicating potential financial strain.
- Revenue has shown a declining trend from $394,635 in 2017 to $258,800 in 2023, while expenses have often exceeded revenue.
- The organization consistently reports a deficit, with expenses ($289,899 in 2023) exceeding revenue ($258,800 in 2023).
Strengths
The following positive indicators were identified for Franklin Villagers Barn Theatre Inc 44108:
- The organization has maintained operations for several years, indicating resilience despite financial challenges.
- Consistent reporting of 0% compensation suggests a strong volunteer base or highly efficient operational model.
Frequently Asked Questions about Franklin Villagers Barn Theatre Inc 44108
What does Franklin Villagers Barn Theatre Inc 44108 do?
Franklin Villagers Barn Theatre Inc 44108 is a nonprofit organization in the Arts, Culture & Humanities sector, located in Somerset, New Jersey. It is classified under NTEE code A650.
How much revenue does Franklin Villagers Barn Theatre Inc 44108 have?
Franklin Villagers Barn Theatre Inc 44108 reported total revenue of $305,264. Based on 13 IRS 990 filings on record.
What are Franklin Villagers Barn Theatre Inc 44108's total assets?
Franklin Villagers Barn Theatre Inc 44108 holds total assets of $211,473 as reported in IRS 990 filings.
Where is Franklin Villagers Barn Theatre Inc 44108 located?
Franklin Villagers Barn Theatre Inc 44108 is based in Somerset, New Jersey.
What is Franklin Villagers Barn Theatre Inc 44108's EIN?
Franklin Villagers Barn Theatre Inc 44108's Employer Identification Number (EIN) is 222268202. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Franklin Villagers Barn Theatre Inc 44108?
Franklin Villagers Barn Theatre Inc 44108 is classified under NTEE code A650 (Arts, Culture & Humanities).
Is Franklin Villagers Barn Theatre Inc 44108 a registered 501(c)(3)?
Yes, Franklin Villagers Barn Theatre Inc 44108 is recognized as a tax-exempt organization by the IRS. EIN: 222268202.
Does Franklin Villagers Barn Theatre Inc 44108 file IRS Form 990?
Yes, Franklin Villagers Barn Theatre Inc 44108 has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Franklin Villagers Barn Theatre Inc 44108's revenue in 2023?
In the 202308 filing period, Franklin Villagers Barn Theatre Inc 44108 reported total revenue of $258,800, total expenses of $289,899, and net assets of $258,999.
Is Franklin Villagers Barn Theatre Inc 44108's revenue growing or declining?
Franklin Villagers Barn Theatre Inc 44108's revenue is relatively stable. Revenue went from $253,113 (202208) to $258,800 (202308), a +2.2% change. Based on 13 filings on record.
What is Franklin Villagers Barn Theatre Inc 44108's most recent 990 filing?
The most recent IRS Form 990 filing for Franklin Villagers Barn Theatre Inc 44108 covers tax period 202308. It shows revenue of $258,800, expenses of $289,899, total assets of $258,999, and liabilities of $122,751.
How much does Franklin Villagers Barn Theatre Inc 44108 spend on programs vs administration?
Based on IRS 990 analysis, Franklin Villagers Barn Theatre Inc 44108 allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Franklin Villagers Barn Theatre Inc 44108 a trustworthy charity?
Based on AI analysis of IRS 990 data, Franklin Villagers Barn Theatre Inc 44108 shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Franklin Villagers Barn Theatre Inc 44108?
The following concerns were identified: Total liabilities ($122,751 in 2023) are significantly high relative to total assets ($211,473 in 2023), indicating potential financial strain.. Revenue has shown a declining trend from $394,635 in 2017 to $258,800 in 2023, while expenses have often exceeded revenue.. The organization consistently reports a deficit, with expenses ($289,899 in 2023) exceeding revenue ($258,800 in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Franklin Villagers Barn Theatre Inc 44108's strengths?
Positive indicators for Franklin Villagers Barn Theatre Inc 44108 include: The organization has maintained operations for several years, indicating resilience despite financial challenges.. Consistent reporting of 0% compensation suggests a strong volunteer base or highly efficient operational model.. These findings are derived from AI analysis of the organization's financial filings.
How does Franklin Villagers Barn Theatre Inc 44108 compensate executives?
Executive compensation is reported as $0 across all available filings, which may indicate an all-volunteer board or that compensation is not disclosed in this format. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation for key personnel, how does the organization sustain its operations and what are the primary sources of its administrative and fundraising efforts?
The consistent 0% compensation suggests a reliance on volunteers for leadership and operational roles. Administrative and fundraising efforts are likely supported by these volunteers, potentially supplemented by small stipends not captured in the 'compensation' field or through in-kind donations.
With total liabilities of $122,751 in 2023 and total assets of $211,473, what specific strategies are in place to address the high liability-to-asset ratio and improve financial stability?
The high liability-to-asset ratio indicates a need for strategic financial planning. Potential strategies could include focused fundraising campaigns to reduce debt, exploring grant opportunities, or implementing cost-cutting measures to improve the organization's net asset position.
Filing History
IRS 990 filing history for Franklin Villagers Barn Theatre Inc 44108 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franklin Villagers Barn Theatre Inc 44108's revenue has declined by 22.9%, moving from $336K to $259K. Total assets decreased by 26.6% over the same period, from $353K to $259K. Total functional expenses fell by 19.3%, from $359K to $290K. In its most recent filing year (2023), Franklin Villagers Barn Theatre Inc 44108 reported a deficit of $31K, with expenses exceeding revenue. The organization holds $123K in liabilities against $259K in assets (debt-to-asset ratio: 47.4%), resulting in net assets of $136K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $290K | $259K | $123K | — | View 990 |
| 2022 | $253K | $284K | $295K | $127K | — | View 990 |
| 2021 | $118K | $141K | $332K | $134K | — | View 990 |
| 2020 | $178K | $200K | $405K | $183K | — | View 990 |
| 2019 | $245K | $277K | $259K | $17K | — | View 990 |
| 2018 | $270K | $285K | $297K | $23K | — | View 990 |
| 2017 | $395K | $304K | $335K | $46K | — | View 990 |
| 2016 | $269K | $286K | $240K | $41K | — | View 990 |
| 2015 | $309K | $329K | $269K | $57K | — | View 990 |
| 2014 | $265K | $307K | $279K | $88K | — | View 990 |
| 2013 | $222K | $287K | $306K | $118K | — | View 990 |
| 2012 | $173K | $238K | $313K | $111K | — | View 990 |
| 2011 | $336K | $359K | $353K | $81K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $290K, and assets of $259K (revenue +2.2% year-over-year).
- 2022: Revenue of $253K, expenses of $284K, and assets of $295K (revenue +115.4% year-over-year).
- 2021: Revenue of $118K, expenses of $141K, and assets of $332K (revenue -34.0% year-over-year).
- 2020: Revenue of $178K, expenses of $200K, and assets of $405K (revenue -27.3% year-over-year).
- 2019: Revenue of $245K, expenses of $277K, and assets of $259K (revenue -9.3% year-over-year).
- 2018: Revenue of $270K, expenses of $285K, and assets of $297K (revenue -31.6% year-over-year).
- 2017: Revenue of $395K, expenses of $304K, and assets of $335K (revenue +46.5% year-over-year).
- 2016: Revenue of $269K, expenses of $286K, and assets of $240K (revenue -12.8% year-over-year).
- 2015: Revenue of $309K, expenses of $329K, and assets of $269K (revenue +16.5% year-over-year).
- 2014: Revenue of $265K, expenses of $307K, and assets of $279K (revenue +19.5% year-over-year).
- 2013: Revenue of $222K, expenses of $287K, and assets of $306K (revenue +28.2% year-over-year).
- 2012: Revenue of $173K, expenses of $238K, and assets of $313K (revenue -48.4% year-over-year).
- 2011: Revenue of $336K, expenses of $359K, and assets of $353K.
Data Sources and Methodology
This transparency report for Franklin Villagers Barn Theatre Inc 44108 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.