Terminus Modern Ballet Theatre
Legal name: Terminus Ballet Inc
Nonprofit profile at a glance
- EIN
- 872464948
- IRS 990 coverage
- 2021–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- (404) 446-0510
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $1,174,000
- Expenses
- $1,195,765
- Assets
- $1,124,488
- Liabilities
- $910,505
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
People named in this filing
- CELESTE PENDAVIS (Trustee)
- DOUG PISIK (Chairman)
- STACY CRANE (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Connecting people through the beauty, power, and humanity of dance.
What it reported doing in 2024
DANCE EDUCATION - Founded in 2018 as the official school of professional company, Terminus Ballet School (Terminus School) has reached over 8,000 students through annual classes, summer intensives, and open choreographic workshops with the vision of training students that can dance anywhere and achieve anything. Upon joining Regional Dance America (RDA) in 2021 and participating in their annual dance festival, the Terminus school has repeatedly received top honors and has distinguished itself as a top tier ballet institution in the United States. Making world class dance accessible to all as a core company value, the school has given over $180,000 in financial assistance and scholarships to its students ensuring financial need does not act as a barrier to a world class dance education and resulting professional opportunities. Terminus students excel both onstage and academically, regularly earning top academic honors while balancing a rigorous dance training schedule up to six days a week. Each year students are awarded scholarships and admission to the nations top dance schools and universities; including, USC's Glorya Kaufman School of Dance, School of American Ballet, Joffrey Ballet, the University of South Carolina, and the University of Georgia to name a few. In August 2022, Terminus School moved into its newly renovated 7,700 sq/ft home centrally located in lower Buckhead at the TULA Arts Center. This world class dance facility serves as the operational home of the school and professional company, and allows the organization to expand its service to the community through dance education classes, student scholarships, public performances and open community workshops.
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 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 80
- Accountability: 62
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.4%; rating input score 76
- Program expense ratio: 75%; rating input score 75
- Fundraising efficiency: $4.45 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 76.2%; rating input score 76; 16th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.9%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 41.7% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 26% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 67.1% per year; rating input score 100; 98th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 76.4% of revenue deployed · 75% of spending went to programs
- Governance: 16 of 21 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $897K in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Consistency: 21 of 23 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.