Vermont Youth Ballet Inc
Nonprofit profile at a glance
- EIN
- 030371404
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Essex, VT, USA
- Phone
- 8028782941
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $44,976
- Expenses
- $30,487
- Assets
- $92,167
- Liabilities
- $238,348
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- ALEXANDER NAGIBA (President)
People named in this filing
- ALEXANDER NAGIBA (President)
- KIRSTEN NAGIBA (Secretary)
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
To provide an opportunity for young ballet dance students to perform in a professional setting and to introduce public audience to the world of ballet.
What it reported doing in 2024
The Vermont ballet theater, inc. Is comprised of approximately forty-five student members and divided into a senior and a junior company. They have or will perform publicly before audiences numbering in the thousands at many local theaters, colleges and schools including flynn theater, johnson state college, the burlington memorial auditorium, and essex public schools. Vermont ballet theater, inc. Repertoire includes original choreographies for peter and the wolf, paquita, rhythm journal, release, rose maidens, celebration of the arts, celebration of dance, Vermont nutcracker and many more works of choreography.many students to date from the senior company have been accepted with full scholarships to the most prestigious dance schools including american ballet theater, New York city ballet, kirov ballet, san francisco ballet, pacific northwest ballet, North Carolina school of the arts and walnut hill. Many of the Vermont ballet theater, inc's alumni are or have danced professionally with the american ballet theater in New York city, Kansas city ballet and several have or are apprentices with the miami city ballet and jose mateo dance company.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Sustainability: 68
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.8%; rating input score 68
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 32.2%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 3.02; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 2.59; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5.1% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -5.4% per year; rating input score 0; 33rd percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 67.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2009 to 2024
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.