San Francisco Ballet

What it reported doing in 2024

The association operates san francisco ballet school and a student residence. Over 800 students are enrolled in the school and 60 advanced students from across the us and around the world reside in the student residence. The ballet school curriculum is designed and taught by an eminent faculty, emphasizing a strong classical technique and a flow of movement that suggests a sense of energy, freedom, and joy reflecting the kind of dancing favored by the company. (see sch. O) students ages 2 to 18 follow a structured sequence of training designed to increase their technical skills, stamina, and discipline in accordance with their age and physical development. The program varies according to age and ability and includes classes in ballet technique, pointe work, pas de deux, batterie, conditioning, contemporary dance, and music. Drop-in ballet classes for adult dancers and a program for individuals with parkinson's reach more than 1500 individuals annually. The school also operates a summer session that brings an additional 240 students from around the world to san francisco for rigorous ballet training. The ballet school provides a limited number of tuition and housing scholarships to students based on their financial need or potential to achieve a professional career in ballet, as well as to talented students recruited from sf public schools, through the community scholarship program. Nearly 70% of the dancers in the ballet's professional company trained in the school. Students have also gone on to dance with such companies as american ballet theatre, atlanta ballet, boston ballet, english national ballet, dutch national ballet, hamburg ballet, houston ballet, miami city ballet, national ballet of canada, New York city ballet, Oregon ballet theatre, pacific northwest ballet, philadelphia ballet, pittsburgh ballet theatre, royal new zealand ballet, royal winnipeg ballet, vianna opera ballet, and Washington ballet among others. Seminars on nutrition, psychology, and related issues are provided throughout the year. The ballet school also operates summer sessions in san francisco for intermediate and advanced dancers from around the us and abroad. Additional programming includes pre-ballet classes for children ages 2-7, adult open ballet classes, repertory workshops, and classes for individuals with parkinson's.

Financial Efficiency

• Mission deployment rate: 79%; rating input score 79
• Program expense ratio: 83.2%; rating input score 83
• Fundraising efficiency: $16.45 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th 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: 5.1%; rating input score 57; 57th percentile among comparable filings
• Total-asset coverage ratio: 0.73; rating input score 29; 29th percentile among comparable filings
• Liabilities to assets ratio: 1.15; rating input score 4; 4th percentile among comparable filings
• Officer compensation ratio: 7.2%; rating input score 7; 7th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
• Revenue growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: -3.5% per year; rating input score 0; 3rd percentile among comparable filings