Ballet Taos Inc
Nonprofit profile at a glance
- EIN
- 853673228
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Taos, NM, USA
- Phone
- 5757799128
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Schools
Reported finances
- Revenue
- $175,941
- Expenses
- $165,220
- Assets
- $21,778
- Liabilities
- $2,192
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- RHEA FULLBRIGHT (PRESIDENT &)
People named in this filing
- MEGAN YACKO (ARTISTIC DIR)
- CYNTHIA GONZALES (TREASURER &)
- KATE MARTIN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of ballet taos is to bring classical and contemporary dance to taos and surrounding communities throughout northern New Mexico. We do this via our academy (k-8), our pre-professional program, our summer company, and our community outreach initiative, project relev. Each facet supports, educates, and inspires the next.
What it reported doing in 2024
Our professional company promotes innovation, collaboration, and diversity through original performances of classical and contemporary dance designed to move audiences. Ballet taos dancers continue to train with world-renowned faculty to create relevant and inspiring work. We encourage our dancers to give back to their roots, mentor the next generation of dance, honor tradition, and advance progressive ideas in choreography and teaching. We are excited to launch our summer company project in 2022 comprised of dancers from our region, that will perform and tour essential work, seeding a lineage of dance in northern New Mexico. Our academy provides exceptional dance training rooted in the classical tradition that prepares students for higher education or professional careers in dance and the arts. We encourage a smart work ethic in young dancers with a focus on mindfulness and well-being which results in career longevity. We actively nurture a collaborative space for dancers to discover innovative choreography that integrates all genres of art and establishes a positive relationship with our community. We present dancers with the opportunity to perform a diverse repertoire of classical and contemporary work created to challenge them and exhilarate audiences. Our outreach program, project relev, exists to ensure the future of dance in our community by instilling an appreciation for the arts through progressive presentations in public schools and classes open to all ages and abilities.
Operating model
- Revenue model
- Earned-program. 70% 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58%; rating input score 58
- Program expense ratio: 61.8%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 6.1%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 31.5%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 14% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 17.2% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 46.3% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 58% of revenue deployed · 61.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $102K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.