Infinity Ballet Theatre
Nonprofit profile at a glance
- EIN
- 202286020
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2013
- Location
- Apex, NC, USA
- Phone
- 9193031105
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $56,529
- Expenses
- $53,794
- Assets
- $6,270
- Liabilities
- $9,732
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- STEPHEN KEITH (PRESIDENT)
- COURTNEY SHELDON (VICE PRESIDENT)
People named in this filing
- DEBRA SENCHAK (ARTISTIC DIRECTOR)
- STEPHEN KEITH (PRESIDENT)
- COURTNEY SHELDON (VICE PRESIDENT)
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
Infinity ballet theatre's primary purpose is to bring performance art to the community offeringhigh quality dance instruction with performing opportunities for young dancers to pre-professional ages to grow as artists. The programs are designed to be an extension of dance students' classroom studies, teaching the history of dance and how it applies to the choreography of ballets and theatrical performances. Seasonal programs are created to enable students to attain performing experience while learning the ethics and importance of teamwork as their dance schedules increase.
What it reported doing in 2024
During the 2024 summer months, we offered weekly dance camps and workshops to introduce the required training skills and choreography for dance students interested in performing. The participants are organized by age and skill level to offer proper training. Infinity ballet theatre ("ibt") faculty and guest artists teach technique and develop choreography for each session. At the end of each session, there is a studio performance coordinating the groups to create a production.storybook dances: in august 2024, open auditions were offered to the community for a fall student performing program. An eight-week session of weekly rehearsals were held for two storybook ballet productions that were performed at the local halle cultural arts center of apex. During three weekends of one-hour performances ibt served families of all ages both in offering experiences for their participants that gave lifelong lessons for the students, and also wonderful entertainment and building cultural opportunities for the community of apex. Chosen company dancers helped integrate with other non-profit organizations to present learning opportunities for a broad demographic of the community. During this 2024-2025 season, our participants worked with township of apex and the peakfest committee on local apex dance festivals.in january, open auditions were held for dancers within the community and all those who auditioned were given opportunities to work with faculty and guest artists to prepare dances to be presented in the community from spring to summer. Advanced participants were also offered opportunities to learn teaching skills where they can use these skills to work with various groups in the community, offering educational demonstrations to introduce dance to enhance the arts in the area. We completed the season with a full-scale production at the cary arts center.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.2%; rating input score 95
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.8%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 1.55; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 20.9% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: -0.9% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: -6.4% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 95.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $54K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 10/100.