Balletcollective Inc

Nonprofit profile at a glance

EIN
453021279
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2011
Location
New York, NY, USA
Phone
6463371254
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Ballet

Official website

Reported finances

Revenue
$589,115
Expenses
$627,609
Assets
$1,551,490
Liabilities
$7,826

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • STEPHEN REIDY (PRESIDENT)
  • CARA LONERGAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TROY SCHUMACHER (ARTISTIC DIRECTOR): $75,000 total reported compensation
  • CARA LONERGAN (EXECUTIVE DIRECTOR): $60,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization was formed to promote and foster the arts, particularly the ballet, through perfomance and public education, with a particular emphasis on an integration of various art forms, including dance, music, the visual arts, and written and spoken word.

What it reported doing in 2024

In 2024, balletcollective presented its 13th creative season, the entrance is the exit, at trinity commons in New York city, premiering two new ballets and reviving one work. Balletcollective completed and released the album of the night falls, our multidisciplinary production developed in 2023. The organization also completed its 10th annual summer residency in millbrook, ny, supporting artists in the creation of new work. Community engagement included free programs in amenia and poughkeepsie, expanding access to dance and music for local residents. These activities furthered balletcollective's mission to create and share new collaborative, ballet-based works.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
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

STRONG - 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: 78
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.6%; rating input score 85
  • Program expense ratio: 76.6%; rating input score 77
  • Fundraising efficiency: $13.51 raised per $1 spent on fundraising; rating input score 47; 47th 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: 80%; rating input score 80; 18th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -6.5%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 2.47; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 12.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 84.6% of revenue deployed · 76.6% of spending went to programs
  • Governance: 8 of 10 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $481K in reported program spending
  • Leadership: top reported pay $75K · 11 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 4 of 9 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.