Charlottesville Ballet

Nonprofit profile at a glance

EIN
900545068
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-EZ 2012, Form 990-N 2010
Location
Charlottesville, VA, USA
Phone
4349732555
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$2,249,915
Expenses
$2,206,472
Assets
$2,381,907
Liabilities
$950,284

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

Leadership & pay

12 people listed

Highest reported compensation

  • Emily Hartka (Executive Dir.): $130,113 total reported compensation
  • Sara Clayborne (Executive Dir.): $122,720 total reported compensation

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

Overview

Mission

To elevate the art of dance through wellness, performance, education, and community outreach

What it reported doing in 2024

CHARLOTTESVILLE BALLET ACADEMY (CBA), THE OFFICIAL TRAINING SCHOOL OF CB, OPENED IN JULY 2011 AND IS A NON PROFIT CENTER FOR DANCE EDUCATION SERVING OVER 900 STUDENTS. CBA OFFERS TRAINING IN ALL DANCE GENRES FOR AGES TWO THROUGH ADULT AND OFFERS PERFORMANCE OPPORTUNITIES FOR YOUNG DANCERS ALONGSIDE THE PROFESSIONAL COMPANY. CB MOVES IS THE COMMUNITY ENGAGEMENT COMPONENT OF CHARLOTTESVILLE BALLET THAT PROVIDES FREE PROGRAMMING FOR MEMBERS OF OUR COMMUNITY. "CB MOVES" INCLUDES 1) CHANCE TO DANCE, A PROGRAM FOR GRADES K-5 THAT GIVES UNDERSERVED CHILDREN HANDS-ON EXPERIENCE WITH THE ARTS, 2) MOVEMENT FOR PARKINSON'S, FREE WEEKLY DANCE CLASSES FOR ANYONE WITH PARKINSON'S DISEASE OR MOVEMENT DISORDERS AND THEIR CARE PARTNERS, 3) SILVER SWANS, FREE WEEKLY DANCE CLASSES FOR SENIORS, 4) ONCE UPON A BALLET, FREE PERFORMANCE EVENTS THROUGHOUT THE COMMUNITY BY OUR PROFESSIONAL DANCERS, AND 5) ADAPTIVE DANCE CLASSES FOR PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. In FY202425, Charlottesville Ballet provided $291,198 in scholarships and financial aid to students through the Keith Lee Dance Fund (KLDF). These awards were granted in the form of non-cash tuition waivers across the following categories: 1) Financial Aid: $36,265, 2) Boys Scholarships: $13,188, 3) Chance To Dance Scholarships: $46,256, 4) Diversity Scholarships: $32,760, 5) Merit Scholarships: $127,912, 6) Outreach Scholarships: $26,410, 7) Scholarships for Students with Disabilities: $8,407. The KLDF reflects Charlottesville Ballet's commitment to removing financial barriers and advancing access and opportunity in the arts.

Operating model

Revenue model
Earned-program. 64% 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.
  • 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 80
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.5%; rating input score 78
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: $6.57 raised per $1 spent on fundraising; rating input score 24; 24th 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: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.9%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.4; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 11.5%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 13.2% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 14.5% 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

Details

  • Where the money goes: 78.5% of revenue deployed · 79.9% of spending went to programs
  • Governance: 10 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $130K · 12 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Fundraising efficiency scored 24/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.