Ajkun Ballet Theatre Inc

Nonprofit profile at a glance

EIN
134159687
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$624,833
Expenses
$624,776
Assets
$599,807
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Ramona Vicenty (CEO and Director of Business Operat)

People named in this filing

  • Ramona Vicenty (CEO and Director of Business Operat)
  • Chiara Ajkun (Artistic Director)
  • Maria Dolores Garcia (CFO and Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Our mission is to perform promote educate and advance the art of dance.

What it reported doing in 2024

Ajkun Ballet Theatre proudly presented 17 weeks of programming in New York and on tour themed around The Classics and The Originals collections. The Classics is a collection of traditional ballets from the nineteenth throughout the twentieth centuries preserving the tradition and sightly reimagined to align with contemporary understandings of authenticity. In New York repertory from The Classics is presented in spring summer and fall. In 2024 titles from The Classics were La Bayadere and The Nutcracker. The Originals is the collection of Chiara Ajkuns choreography that has earned Ajkun Ballet worldwide reputation and is performed in spring summer fall in New York and on tour. Touring included a regular residency at the Whitney Theater in New Rochelle NY and at the National Theater of Pristina Kosovo with a special reception by the U.S. Embassy in Kosovo and by the Embassy of the Republic of Albania. Additional Touring in 2024 included Pitti Danza in Fiera in Florence Italy and the London Theater in London UK. In 2024 titles from The Originals were Tango Nights and Dracula. In addition Ajkun Ballet Theatre presents a winter showcase for emerging choreographers to engage the audience in a conversation on the future of dance. Ajkun Ballet Theatre has offered a robust array of access programs including in-school residencies complimentary and reduced tickets for children and adults with disabilities and performances in childrens hospitals across New York State.

Operating model

Revenue model
Donor-supported. 65% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.96; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 23% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 31% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 9 of 9 board members independent · 4 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $625K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • 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 — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.