Les Ballets Trockadero De Monte Carlo Inc
Nonprofit profile at a glance
- EIN
- 132813806
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6464563774
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Ballet
Reported finances
- Revenue
- $1,499,101
- Expenses
- $1,684,509
- Assets
- $918,708
- Liabilities
- $28,569
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MARTHA COOPER (PRESIDENT)
- JENNY PALMER (VICE-PRESIDENT)
- ELIZABETH HARLER STEPHENS (EXECUTIVE DIRECTOR/BOARD MEMBER)
Highest reported compensation
- TORY DOBRIN (ARTISTIC DIRECTOR/BOARD MEMBER): $98,800 total reported compensation
- ELIZABETH HARLER STEPHENS (EXECUTIVE DIRECTOR/BOARD MEMBER): $98,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Les ballets trockadero de monte carlo's mission, since its founding in 1974, is to spread joy throughout the world by performing parodies of classical ballets en pointe and en travesti. Using stunning technique and singular humor to defy classical ballet's historical gender classifications, the company creates delightful performances and engagement opportunities that enable audiences to re-imagine their expectations of the art form.les ballets trockadero de monte carlo stands with those who embrace a commitment to diversity, equity, inclusivity and accessibility. As global ambassadors of lgbtq+ culture and acceptance, we uplift and inspire the next generation of choreographers, performers, dance lovers and advocates while supporting lgbtq+ elders and youth and serving as an integral link to the history, tradition, and future of lgbtq+ performance.
What it reported doing in 2024
Rehearsal and performance of classical ballet parodies nationally and internationally. International/national performances in 68 venues for approximately 58,300 audience members. Teaching live and virtual workshops reaching approximately 990 unique and returning students.
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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 55
- Accountability: 85
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.3%; rating input score 84
- Program expense ratio: 74.2%; rating input score 74
- Fundraising efficiency: $2.95 raised per $1 spent on fundraising; rating input score 9; 9th 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -12.4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 22.1% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 84.3% of revenue deployed · 74.2% of spending went to programs
- Governance: 6 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $99K · 8 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.