Texas Youth Ballet
Nonprofit profile at a glance
- EIN
- 461180921
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2019
- Location
- McKinney, TX, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $139,891
- Expenses
- $142,419
- Assets
- $4,476
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Jennifer Dulin (ExecArtistic Director)
- Nick Chambers (Secretary)
- Jessica House (Board Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Texas Youth Ballet is dedicated to providing an immersive and authentic environment for the study of the art of classical ballet. TYB gives dancers the opportunity to grow and learn in a unique supportive environment. Daily classes emphasize fundamentals of technique strength and versatility. Our instructors share not only their skills and knowledge but their willingness to work with each dancer on strengthening their unique skill set. We keep enrollment small to ensure that every dancer receives individual attention. TYB gives dancers the opportunity to grow and learn in a unique supportive environment. Daily classes emphasize fundamentals of technique strength and versatility. Our instructors share not only their skills and knowledge but also their willingness to work with each dancer on strengthening their unique skill set. We provide need-based scholarships for those who would find the cost of quality dance instruction to be a hardship.
What it reported doing in 2024
Providing need-based and male ballet training scholarships to underserved communities providing the community with free and ticketed arts performances of high quality providing master class and summer study opportunities for dancers.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 82
- Sustainability: 17
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.1%; rating input score 83
- Program expense ratio: 81.6%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1.8%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 12.7%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 21.2% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 16.9% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: -69.2% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 83.1% of revenue deployed · 81.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $116K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 19/100.