Ballet Fantastique

What it reported doing in 2024

New dance theater: in fy 24-25, ballet fantastique produced four original mainstage productions, delivering record-breaking attendance and artistic innovation while attracting new and nontraditional performing arts audiences. Signature offerings included the company's fourth annual ballet in the vineyard preseason opener at silvan ridge winery, which achieved 120% audience growth and combined live music, original choreography, and immersive outdoor performance. As part of ballet fantastique's hult center resident company season, the company presented: murder at the ballet (october 2024), the world's first interactive murder mystery ballet, featuring an original score by grammy-nominated composer juan luqui and multiple audience-determined endings; an american christmas carol(november-december 2024), the stage revival of ballet fantastique's emmy-nominated jazz ballet, featuring live music and narration, and presented in the silva concert hall; pride & prejudice: a parisian jazz ballet(february 2025), accompanied by live jazz and achieving significant audience growth over its prior premiere; aladdin: the rock opera (may 2025), ballet fantastique's top-selling production of all time, presented in the 2,400-seat silva concert hall and reaching more than 2,000 audience members on mother's day weekend. Across the fiscal year, ballet fantastique welcomed over 17,000 in-person audience members, with nearly 50% new ticket buyers, and achieved ticket sales exceeding pre-pandemic benchmarks by more than 170%. Digital audience engagement also increased, and the organization continued to expand its regional and national visibility through touring, livestreaming, and award-winning media projects. Ballet fantastique closed fy 24-25 with strong financial health, generating 893,008 in total revenue, maintaining a positive operating margin, and reinvesting 98% of revenue directly into mission-driven programs, including new productions, education access, and inclusive outreach.

Financial Efficiency

• Mission deployment rate: 78.5%; rating input score 78
• Program expense ratio: 88.4%; rating input score 88
• Fundraising efficiency: $28.5 raised per $1 spent on fundraising; rating input score 67; 67th 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: 71.4%; rating input score 71; 15th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 11.4%; rating input score 64; 64th percentile among comparable filings
• Total-asset coverage ratio: 0.57; rating input score 27; 27th percentile among comparable filings
• Liabilities to assets ratio: 0.68; rating input score 11; 11th percentile among comparable filings
• Officer compensation ratio: 9.6%; rating input score 38; 38th percentile among comparable filings

Growth

• Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
• Revenue growth: 8.7% per year; rating input score 100; 62nd percentile among comparable filings
• Asset growth: 19.4% per year; rating input score 100; 81st percentile among comparable filings