Arts Ballet Theatre of Florida Inc
Nonprofit profile at a glance
- EIN
- 650804935
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- North Miami, FL, USA
- Phone
- 3059484777
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $787,069
- Expenses
- $887,352
- Assets
- $503,671
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Lew Thaler (President)
- Sharon Miller (Vice President)
People named in this filing
- Vladimir Issaev (Artistic Direct)
- Ruby Issaev (Exec Director)
- Lew Thaler (President)
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
A charitable ballet company producing professional ballet performances for the public, Arts Ballet Theatre provides accessibility, community involvement & education & training for professional and pre-professional dancers. It also provides programs that augment understanding and appreciation of classical ballet, creates entertaining work that has broad appeal & attracts new audiences and renewed interest in ballet.
What it reported doing in 2024
Arts Ballet Theatre of Florida, Inc. is a chartitable ballet company, producing professional ballet performances for the public. Arts Ballet Theatre provides accessibility, community involvement, education & training for professional and pre-professional dancers. It also provides programs that augment understanding and appreciation of classical ballet, creates entertaining work that has broad appeal & will attract new audiences and renewed interest in ballet. Arts Ballet Theatre of Florida produces outreach educational programs for the community.
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.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 82
- Accountability: 6
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.9%; rating input score 57
- Program expense ratio: 49.8%; rating input score 50
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th 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: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.7%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 26; 26th 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: -0.4% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: 0.2% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 17.7% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 56.9% of revenue deployed · 49.8% of spending went to programs
- Governance: 0 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $442K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 17 of 18 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Operating margin scored 14/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 26/100.