Omaha Academy of Ballet
Nonprofit profile at a glance
- EIN
- 470532282
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2010, Form 990-T 2024
- Location
- Omaha, NE, USA
- Phone
- 4023460469
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $494,881
- Expenses
- $528,266
- Assets
- $1,794,246
- Liabilities
- $136,905
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- LUCAS SHOOK (PRESIDENT)
Highest reported compensation
- MELANIE EPPS (EXECUTIVE DI): $72,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cultivating passion and community through quality dance education
What it reported doing in 2024
Omaha academy of ballet (oab) provides instruction and training in classical ballet, pointe, creative movement, modern, jazz, and tap for ages three through adult to 300+ students each year with an annual performing opportunity at the spring dance concert held in late may or early june of each year, which attracts over 1,500 community members. We create a unique training environment by offering live piano accompaniment for the majority of our classes, keeping class sizes small, and offering scholarships for dancers experiencing finanical barriers.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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: 93
- Accountability: 84
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 79.6%; rating input score 80
- Fundraising efficiency: $1.94 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6.7%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 3.4; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 13.7%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 79.6% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $420K in reported program spending
- Leadership: top reported pay $72K · 10 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 — Financial Efficiency: Fundraising efficiency scored 9/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Officer compensation ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.