Carolina Youth Ballet Inc

Nonprofit profile at a glance

EIN
562273997
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
Cary, NC, USA
Phone
9193871298
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$141,556
Expenses
$174,739
Assets
$118,311
Liabilities
$286

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

Leadership & pay

4 people listed

People named in this filing

  • ANNETTE HAGOPIAN (EXEC. DIRECTOR)
  • CINDY MCGOWEN (SECRETARY)
  • STEPHANIE HOLT (TREASURER)

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 the carolina youth ballet is to provide public performing opportunities for talented middle and secondary school level dancers and to educate the community about the training of young dancers and the creation and choreography of classical ballet, and the opportunity to see classical ballet in a community environment at a reasonable cost.in addition to cultivating the discipline, technique, and grace required of world-class dancers, cyb's mission focuses on developing an appreciation of ballet within the community. Cyb performances provide an opportunity for our community to enjoy exceptional ballet performed by local youth at an affordable, family price. Educational studies show that participation in the arts, as a performer or an observer, enhances creative thinking and writing skills, stimulates higher level thought processes, and improves listening skills.

What it reported doing in 2024

2 major performances per year open to the public; special event performances in the community; provide lecture demonstrations at schools

Operating model

Revenue model
Earned-program. 85% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.6%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -23.4%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $162K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Sustainability: Operating margin scored 7/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.