Charlotte Youth Ballet Inc
Nonprofit profile at a glance
- EIN
- 561539628
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Charlotte, NC, USA
- Phone
- 9176983707
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $239,716
- Expenses
- $223,202
- Assets
- $148,809
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Kim Ellison (Past Chair)
- Paula Buhrer (Chair)
- Vidhya Anandkumar (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organization's primary purpose is to enrich the community through an independent, innovative, regional ballet company that provides dancers an opportunity to perform in professional-level productions. By merging youth and professionals, the organization introduces ballet to diverse audiences to foster life-long support of the arts. Each year the organization provides free weekly ballet classes for select students at a high-poverty elementary school in Charlotte. The organization provides approximately 2,000 below cost tickets to students and seniors. In addition, the organization accepts charitable donations and provides tickets to approximately 1,000 students from high poverty elementary schools per year. Through partnerships with other community groups, the organization provides 1-2 free performances each year at community events.
What it reported doing in 2024
Provides student dancers an opportunity to perform in professional level productions and introduces ballet to diverse audiences to foster a lifelong support of the arts.
Operating model
- Revenue model
- Earned-program. 87% 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 - 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 some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 80
- Accountability: 57
- Sustainability: 52
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.4%; rating input score 76
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 24th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.9%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -3.3% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: 16.2% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 76.4% of revenue deployed · 82.1% of spending went to programs
- Governance: 7 of 8 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $183K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 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 — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.