Ballet Minnesota
Nonprofit profile at a glance
- EIN
- 411703583
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Saint Paul, MN, USA
- Phone
- 6123643011
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $125,922
- Expenses
- $125,446
- Assets
- $21,789
- Liabilities
- $2,300
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- CYNTHIA BETZ (PRESIDENT)
- LAURIE PARKER (VICE PRESIDENT)
- KAYLA MYHRAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- KAYLA MYHRAN (EXECUTIVE DIRECTOR): $4,100 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ballet Minnesota's mission is to enrich the lives by creating and sharing the artistry in dance through public presentations and education.
What it reported doing in 2024
The classic nutcracker ballet: a holiday tradition for all ages, the 36th nutcracker staged four performances at the o'shaughnessy auditorium at saint catherine's university. The production held one school and community group performance, where there were 1,400 attendees from a variety of schools and community groups from all over the twin cities metro area. 3,000 patrons attended three public performances. The cast included over 100 dancers ages four to adult, including four ballet Minnesota company dancers, two special guests performing the roles of the sugar plum fairy and cavalier, and dancers from classical ballet academy, our official school. The nutcracker gives young students the opportunity to engage with professional artists and learn directly from them. Our nutcracker continues to become an annual family tradition for thousands of families in our community. In addition, ballet Minnesota performed excerpts of the nutcracker at the minneapolis/st. Paul international airport one day over thanksgiving weekend, entertaining passengers as they navigated the terminal between flights.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 29
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.3%; rating input score 82
- Program expense ratio: 82.6%; rating input score 83
- Fundraising efficiency: $6.11 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: 0.4%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: -2.1% per year; rating input score 0; 23rd percentile among comparable filings
- Revenue growth: -4.6% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 82.3% of revenue deployed · 82.6% of spending went to programs
- Governance: 11 of 11 board members independent · 3 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $104K in reported program spending
- Leadership: top reported pay $4K · 14 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 27/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.