Ballet Metropolitan Inc

What it reported doing in 2024

Educational programs consist of the following: dance instruction - arts, culture & humanities - dance-in-schools programs connect students, professional and teaching artists, and classroom educators through residencies, lecture demonstrations, professional development, and performance-related activities. In-school residencies integrate Ohio department of education (ode) dance content standards. Moving into literacy, designed for students in grades 1 - 3, fuses dance and english language arts education to positively impact literacy and critical thinking. Continued on schedule oa second residency program is an early childhood initiative that prepares preschoolers for kindergarten by integrating movement with social, emotional and literacy skills. Students may also view a performance in their school with narration that explains dance. Workshops provide teacher training that integrates ode dance content standards with curriculum studies. Morning at the ballet is a fully staged theatre performance by balletmet that introduces students to dance as a performing art and enhances interdisciplinary learning with related classroom resource materials.cultural & ethnic awareness - arts, culture & humanities: community programs - balletmet is committed to involving a broad segment of the central Ohio community in dance. Up to 3,500 complimentary kidtix tickets and preparation materials are provided for underserved groups identified through youth, social service, and faith-based agencies.student financial aid: education - balletmet's community outreach scholarship program was initiated in 1987 with net proceeds from a columbus presentation of dance theatre of harlem. Now named the dance academy scholarship program, this offering has been expanded and refined to serve a greater number of students. Scholarships provide dance academy training and dance-related activities to deserving urban and suburban youth. Up to 70 scholarships are awarded annually and range from full annual tuition to partial tuition. Scholarship assistance is awarded by audition, and is based on talent and financial need. The majority of recipients represent minority or underserved populations. Financial aid is also available for qualified students.

Financial Efficiency

• Mission deployment rate: 77.2%; rating input score 77
• Program expense ratio: 87.8%; rating input score 88
• Fundraising efficiency: $15.56 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95.5%; rating input score 95; 29th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.4%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 1.92; rating input score 60; 60th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
• Revenue growth: 4.2% per year; rating input score 100; 37th percentile among comparable filings
• Asset growth: 5.5% per year; rating input score 100; 39th percentile among comparable filings