Pittsburgh Ballet Theatre Inc

Nonprofit profile at a glance

EIN
237101094
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Pittsburgh, PA, USA
Phone
4122810360
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$15,022,786
Expenses
$13,881,941
Assets
$31,488,154
Liabilities
$2,152,995

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

42 people listed

Executive titles in this filing

  • NICHOLAS DRAGGA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ADAM MCKINNEY (ARTISTIC DIRECTOR): $249,971 total reported compensation
  • NICHOLAS DRAGGA (EXECUTIVE DIRECTOR): $240,104 total reported compensation
  • RAYMOND RODRIGUEZ (DEAN OF PBT SCHOOL): $128,044 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o for the description of pittsburgh ballet theatre inc.'s primary mission.the ballet is pittsburgh's source and ambassador for extraordinary ballet experiences that give life to the classical tradition, nurture new ideas and, above all, inspire. It perpetuates excellence in the art of ballet though performances, superior training of student dancers, through education, community engagement and appreciation of the art form.pittsburgh ballet theatre believes that achieving diversity in its company, staff, school, audiences and board of trustees is essential to accomplishing its stated mission to "perpetuate excellence in the art of ballet." pittsburgh ballet theatre commits itself to creating an inclusive environment of mutual respect and support that embraces individuality and is welcoming to all.

What it reported doing in 2024

Arts education - serves more than 13,000 adults and children each year through programs that broaden and diversify access to the art form. Programming takes place both on the pbt campus and in schools, community centers, libraries, public spaces and at the theater. The department also coordinates accessibility initiatives, which include classes and performances, as well as theater accommodations, for patrons with special needs. The department's needs-based scholarship program affords young children from diverse socioeconomic backgrounds the opportunity to study ballet and dance at pbt.

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 98% 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: 81
  • Transparency & Controls: 91
  • Accountability: 95
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.3%; rating input score 85
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: $11.48 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • 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: Limited

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: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.6%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 2.27; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 85.3% of revenue deployed · 86.3% of spending went to programs
  • Governance: 37 of 37 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $12M in reported program spending
  • Leadership: top reported pay $250K · 42 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $221K reported
  • Consistency: 42 of 42 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.