The Dance Ring Inc

What it reported doing in 2024

See schedule o - New York theatre balletnytb performs chamber ballet masterpieces and commissions bold new works by emerging choreographers along with innovative 1-hour ballets for children.the mission is carried out in the work of the professional company, its associated ballet school ny and its lift community service program. Working together these divisions reach adults and families across the country building a love for ballet and creating audiences for the future. Founded in 1978, nytb is widely seen across the united states having toured from coast to coast and internationally for over 40 years. It often introduces audiences for the first time to ballets created by great masters, as well as to its wildly popular 1-hour story ballets. Nytb brings communities together with master classes, lectures, talk-backs and meet & greets. Whenever possible, local children are asked to appear with the company. Its roster includes dances by frederick ashton, agnes de mille, jose limon, antony tudor, merce cunningham, and richard alston. Its performances provide an intimate, live ballet experience for all audiences. Legends & visionaries the nationally acclaimed legends & visionaries series features restorations and revivals of masterworks with impeccable fidelity to original movements and gestures as well as to authentic sets, costumes and props as documented by historical records. Celebrated dancers who have performed these masterworks with other companies are invited to work with the company to ensure the continuity of the ballets' integrity on nytb's stage. As a counterpoint to the performance of historically acclaimed ballets, exciting contemporary works by emerging choreographers are showcased. Whenever possible, nytb invites choreographers to create new works for the company. Audiences have the opportunity to participate in q&a's with the dancers and choreographers after the performances. The result is an illuminating understanding of how the art of ballet is evolving. Once upon a balletnytb is committed to building an appreciation of ballet among preschool and grade school youngsters. In addition to performing for the general public, the company reaches out to children who have limited exposure to the performing arts - and to dance in particular - due to severe reductions in public education arts funding. Once upon a ballet fills this serious vacuum. It is a full season of time-shortened miniatures of classic story ballets, perfectly suited for the short attention span of young viewers 3-8 years of age. Classics such as cinderella and the nutcracker capture the imaginations of youngsters for whom ballet is a new form of story-telling. This program awakens young minds, nourishes the spirit of audiences young and old, and serves to encourage the love of ballet among future audiences. To widen the reach of this important initiative, nytb solicits private funding to ensure attendance by children living in under-served neighborhoods.

Financial Efficiency

• Mission deployment rate: 67.5%; rating input score 67
• Program expense ratio: 82.3%; rating input score 82
• Fundraising efficiency: $17.51 raised per $1 spent on fundraising; rating input score 55; 55th 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: Limited
• 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: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 20%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
• Liabilities to assets ratio: 0.34; rating input score 22; 22nd percentile among comparable filings
• Officer compensation ratio: 13.8%; rating input score 26; 26th percentile among comparable filings

Growth

• Program expense growth: -1.4% per year; rating input score 0; 14th percentile among comparable filings
• Revenue growth: -1.3% per year; rating input score 0; 11th percentile among comparable filings
• Asset growth: 11.4% per year; rating input score 100; 63rd percentile among comparable filings