Texas Ballet Theater
Legal name: Texas Ballet Theater Inc
Nonprofit profile at a glance
- EIN
- 841622654
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024
- Location
- Dallas, TX, USA
- Phone
- 877.828.9200, Option 1
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $22,685,519
- Expenses
- $11,802,262
- Assets
- $36,943,073
- Liabilities
- $10,806,755
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
56 people listed
Executive titles in this filing
- VANESSA LOGAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- TIMOTHY O'KEEFE (ARTISTIC DIRECTOR): $257,332 total reported compensation
- VANESSA LOGAN (EXECUTIVE DIRECTOR): $251,498 total reported compensation
- LINDA BRADFORD (FINANCE DIRECTOR): $132,038 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Texas Ballet Theater, Inc. is a registered 501(c)(3) organization in the State of Texas.
What it reported doing in 2024
Texas ballet theater's city dance program is a program created to enrich the lives of children in underserved communities across north Texas and to develop artists, art patrons and leaders of the future by providing free after school ballet lessons to 1,415 1st - 4th graders in participating schools in crowley, dallas, fort worth, and grand prairie independent school districts. City dance served students in 62 north Texas schools during the fiscal year ended june 30, 2025.
Operating model
- Revenue model
- Donor-supported. 66% of the money available for current operations came from contributions and gifts.
- 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.1%; rating input score 44
- Program expense ratio: 83.3%; rating input score 83
- Fundraising efficiency: $21.54 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 48%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 3.13; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 20.7% per year; rating input score 100; 90th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 44.1% of revenue deployed · 83.3% of spending went to programs
- Governance: 52 of 52 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $9.8M in reported program spending
- Leadership: top reported pay $257K · 56 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.7M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- 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 — Financial Efficiency: Mission deployment rate scored 44/100.
- Review — Financial Efficiency: Fundraising efficiency scored 59/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.