Colorado Ballet

What it reported doing in 2024

Education and academy: Colorado ballet enhances the cultural life of Colorado through education and community engagement programs. Our team offers dance education via after-school programs, in-school assemblies, student matinees, live stream performances, dance technique, arts integration, steam workshops, accessibility programs, adult education, and educator professional development. Our mission is simple - every. Body. Dance! Programs are offered to students and community members least likely to access dance independently and for whom it could have the greatest impact, with the intention to bring diverse communities together to overcome real and perceived barriers. (continued on schedule o)Colorado ballet's education and community engagement programs made approximately 69,000 community contacts during the 2024-2025 season and 3,000 schools and organizations were reached nationwide. We awarded $133,000 in need-based scholarships. As the premier ballet training institution in the state, the raydean acevedo Colorado ballet academy (cba) provides professional classical ballet training and mentorship. Throughout the year, cba also offers dance classes in other styles, workshops, auditions, and summer programs for all levels. Under the guidance of academy director erica fischbach, cba actively fosters a positive learning environment that empowers approximately 1,500 students annually to freely and creatively express themselves while cultivating their technique and musicality. The curriculum is grounded in classical ballet training with elements of the russian, french and italian schools. The result of this training is seasoned dancers who thrive professionally under the diverse choreographic demands of dancers today. Cba students come from a variety of backgrounds, ages, and levels with unique goals and aspirations. To lower the barrier to access training at cba, scholarships are awarded to deserving and talented students who would not otherwise have the opportunity to pursue a dance education. Academy students compete each year at the youth america grand prix (yagp), an international ballet competition. Last season, 15 academy students went on to the international finals, and an academy ensemble placed third. The academy awarded $204,000 in scholarships to deserving students during the 2024-2025 season.

Financial Efficiency

• Mission deployment rate: 78.7%; rating input score 79
• Program expense ratio: 78.1%; rating input score 78
• Fundraising efficiency: $9.31 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • 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: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.3%; rating input score 39; 39th percentile among comparable filings
• Total-asset coverage ratio: 1.12; rating input score 40; 40th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 6.3%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 9.7% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 6.5% per year; rating input score 100; 56th percentile among comparable filings
• Asset growth: 12.4% per year; rating input score 100; 74th percentile among comparable filings