The Toledo Ballet Association Inc

Nonprofit profile at a glance

EIN
346542001
IRS 990 coverage
2009–2018
Forms available
Form 990 2018
Location
Toledo, OH, USA
Phone
4194710049
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$481,757
Expenses
$398,260
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Stephanie Dames Alexander (President)
  • William Southern (Vice President)

People named in this filing

  • Stephanie Dames Alexander (President)
  • William Southern (Vice President)
  • Kim Howard (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Toledo Ballet Association is a non-profit organization whose primary purpose is to increase interest and support for the arts through dance. This is accomplished through community education, studio instruction and major performances.

What it reported doing in 2018

BALLET SCHOOL - The ballet school offers a curriculum whose cornerstone is classical ballet, with a contemporary and adult division as well as classes for those with special needs. The school also presents summer classes conducted by internationally known instructors from all over the country, and offers summer camp programs for aspiring ballerinas. The school served 286 students from all levels during the six month period ended December 31, 2018. Every Toledo Ballet instructor is dedicated to helping each student reach his or her highest potential through individualized instruction. The Toledo Ballet believes that learning dance is much more than mastering positions and memorizing steps. It is about helping the students gain confidence and self-esteem while learning discipline and perseverence.

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
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. The required major-donor schedule is missing or incomplete and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 44
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 88.3%; rating input score 88
  • Fundraising efficiency: $3.6 raised per $1 spent on fundraising; rating input score 16; 16th 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.3%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -12% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 0.1% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 88.3% of spending went to programs
  • Governance: 17 of 17 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $352K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2009 to 2018
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 16/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.