Balletx

What it reported doing in 2024

Pop up performances: balletx brings its dancers into philadelphia neighborhoods for multiple free pop up performances each season. These performances introduce dance to new audiences around the city and encourage community engagement and new experiences for citizens who may have never seen ballet. In the 2024-2025 season, balletx performed pop ups jenkintown festival of the arts, abington library, the philadelphia fall arts festival at the kimmel center, waverly heights, beaumont, and dilworth park at city hall.festival at the mann: balletx's platform as resident dance company of the mann center for the performing arts provides an opportunity to present contemporary ballet in a way that is accessible and inclusive, inviting new audiences to engage with the art form. In the 2024-2025 season, the festival included pre-show performances by local young artists, and the company worked with 70 service organizations to donate over 3,400 free tickets to community members throughout philadelphia.choreographic fellowship: launched in 2016, balletx's choreographic fellowship unites one emerging artist each season with a distinguished choreographer who serves as a mentor as they both create world premieres on the balletx dancers. As one of the only programs in the nation that focuses on choreographic development in ballet, the fellowship strengthens balletx's mission by prioritizing the creation of new works by new voices, and empowers choreographic mentors to become effective leaders in their field. In the 2024-2025 season, balletx hosted choreographic fellow noelle kayser, mentored by marguerite donlon.choreographic incubator: balletx's choreographic incubator offers emerging choreographers the opportunity to develop their artistic vision through a week-long, paid residency. The incubator allows for exploration without the pressure of immediate production, cultivating new voices in dance. In the 2024-2025 season, balletx commissioned incubator artists ja collective.balletx beyond: in 2020 and in response to the covid-19 pandemic, balletx launched its digital, subscription-based streaming platform for world premiere dance, balletx beyond. Balletx beyond introduces the company's work to an international audience, while building an open platform to explore artistic ideas and visions. In the 2024-2025 season, balletx commissioned its resident filmmaker, daniel madoff, to create nine behind-the-scenes documentaries on the creative process behind the company's world premiere ballets.intensives: since 2012, balletx has cultivated the next generation of dancers through its annual intensive pre-professional dance training programs. These programs provide developing dancers with day-long workshops in ballet, repertory, conditioning, and more. Intensive students train in an intimate, company-style setting, and their experience culminates in a public performance. In the 2024-2025 season, balletx's intensives served 54 students.

Financial Efficiency

• Mission deployment rate: 84.7%; rating input score 85
• Program expense ratio: 78.1%; rating input score 78
• Fundraising efficiency: $7.09 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• 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: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -6%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 2.67; rating input score 71; 71st percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: 12.3% per year; rating input score 100; 71st percentile among comparable filings
• Revenue growth: 14.8% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 20.8% per year; rating input score 100; 85th percentile among comparable filings