Lemon Sponge Cake Contemporary Ballet
Nonprofit profile at a glance
- EIN
- 522444709
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024
- Location
- Boulder, CO, USA
- Phone
- 7203522903
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $78,670
- Expenses
- $55,894
- Assets
- $95,365
- Liabilities
- $6,302
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Jenifer Sher (President)
- Robert Machherndl (Vice President Artistic Director)
People named in this filing
- Jenifer Sher (President)
- Robert Machherndl (Vice President Artistic 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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide ballet to all ages/abilities.
What it reported doing in 2024
The Lemon Sponge Cake contemporary ballet school provides a broad range of dance classes to the students of all ages and abilities in a fully equipped dance studio year round.
Operating model
- Revenue model
- Donor-supported. 61% of the money available for current operations came from contributions and gifts.
- 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. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.6%; rating input score 72
- Program expense ratio: 99.9%; 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: 29%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.71; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 71.6% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $56K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2012 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 — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.