Princeton Ballet Society

What it reported doing in 2024

Arb's access & enrichment programs are multi-faceted engagement efforts, such as in-school residencies, community events, student matinee performances, and specially designed class offerings, such as dance for parkinson's classes for people with parkinson's disease and their caregivers. Each year, arb engages approximately 10,000 children and families of varying ages, ethnic and socio-economic backgrounds through its access & enrichment programs. Arb's flagship residency program, dance power is the longest continuously running community and arts partnership in the state, serving nearly 800 new brunswick students each year. All 3rd grade students in new brunswick have dance power incorporated into their physical education class for 20 weeks. At the end of the residency, 40 scholarships are presented to students so they can continue dancing at princeton ballet school from 4th grade through their senior year of high school on full tuition scholarship, becoming dance power scholars. Over 50,000 public school students in the new brunswick area have reaped the rewards of dance education through this acclaimed program since its inception in 1986.founded by dr. Penelope lattimer in collaboration with american repertory ballet and the new brunswick board of education, the dance power curriculum was originally written by a committee of dance educators and new brunswick school administrators, and it remains a working document that is updated regularly to meet and exceed the New Jersey student learning standards for the visual and performing arts. At the end of each academic year, students are invited to showcase their new skills for friends and family in a culminating performance. This final performance, called waiting inthe wings, is highly-anticipated and serves as a powerful visual reminder of the program's impact on the local community. Other programs have been created as supplements to and adaptations of dance power. These initiatives include dance power summer camp, hip hop revolution (making connections between ballet technique and other dance forms, such as hip hop), and dance power limitless (designed specifically for students with disabilities). In 2021, dance power received the distinction in dance award from the dance studies association. The association cited the program's impressive reach, quality, and impact on the field of dance studies.

Financial Efficiency

• Mission deployment rate: 73.8%; rating input score 74
• Program expense ratio: 83.6%; rating input score 84
• Fundraising efficiency: $13.01 raised per $1 spent on fundraising; rating input score 46; 46th 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: 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; 63rd percentile among comparable filings
• Governance controls: 8 of 8 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: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 11.8%; rating input score 66; 66th percentile among comparable filings
• Total-asset coverage ratio: 1.07; rating input score 39; 39th percentile among comparable filings
• Liabilities to assets ratio: 0.73; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings

Growth

• Program expense growth: 2.5% per year; rating input score 100; 25th percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
• Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings