Charlotte Ballet

What it reported doing in 2024

Education & community engagement programming: charlotte ballet'sflagship community engagement program, reach, offers ballet and worlddance training by professional teaching artists and dance attire for upto 120 students annually, all at no cost to participants' families.classes are conducted over 29 sequential weeks, in five communitycenters across mecklenburg county. The program, which is a result of apartnership between charlotte ballet and the mecklenburg county park &recreation department, is the recipient of the national association ofcounties award in recognition of "an effective and innovative programwhich contributes to and enhances county government in the unitedstates and the North Carolina recreation and parks association artsand humanities. Not only does reach offer access to high-quality dance training at no cost, with classes in diverse neighborhoods across mecklenburg county; it also offers opportunities for promising students to continue to train in dance through scholarships to charlotte ballet academy, as well as mentorship opportunities for reach graduates that include teacher assistant positions and internships. Reach scholarshipscomplement numerous scholarships offered by charlotte ballet academy totrain at various levels. Charlotte ballet is committed to offeringtalented, committed dancers access to high-quality training, regardlessof socio-economic background, geographic or other resource limitations.in addition to reach, charlotte ballet's annual education and communityengagement programming includes community performances, behind-the-scenes tours, after-school dance programs, summer enrichmentprograms, senior dress rehearsals, curriculum-based arts educationthrough in-classroom programming, dance-a-story workshops, lecture-demonstrations and educational theater performances - all inpartnership with area schools and community organizations. Apartnership with inreach (a non-profit organization that supportsadults with intellectual, developmental and other disabilities) offersmembers and their caregivers weekly dance classes by charlotte balletteaching artists and a public performance at the center for dance.during the middle & high school dance festival, charlotte ballet offersa two-day festival at the center for dance, with master classes andauditions for scholarships to college and summer dance programs. A"sensory friendly performance," gives individuals affected by autismspectrum disorders and other sensory, social, and cognitivedisabilities the opportunity to enjoy a charlotte ballet performancewith a modified level of sensory stimulus in the theater. In total, charlotte ballet's annual education and community engagementprogramming serves over 30,000 - approximately 85% of whom arechildren/youth.

Financial Efficiency

• Mission deployment rate: 37.2%; rating input score 37
• Program expense ratio: 72.7%; rating input score 73
• Fundraising efficiency: $13.88 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 50.5%; rating input score 94; 94th percentile among comparable filings
• Total-asset coverage ratio: 3.74; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 65; 65th percentile among comparable filings
• Officer compensation ratio: 6.3%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 21st percentile among comparable filings
• Revenue growth: 8.4% per year; rating input score 100; 67th percentile among comparable filings
• Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings