Wilmington Ballet Academy of the Dance Inc

Nonprofit profile at a glance

EIN
261861300
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Wilmington, DE, USA
Phone
3026551004
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$339,540
Expenses
$401,559
Assets
$648,327
Liabilities
$161,092

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • CONSUELLA PETTY (BOARD PRESIDENT)
  • ROSANNE BRANDAU (BOARD VICE PRESIDENT)

Highest reported compensation

  • BENJAMIN STERLING CANNON (EXECUTIVE AND ARTISTIC DIRECTOR): $59,287 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Since 1956, wilmington ballet academy of the dance, inc. Has been dedicated to providing superior classical ballet training to students of all ages in the wilmington area to foster discipline, confidence, poise, and commitment. In addition, we provide our students with the opportunity to perform with world class artists and live music.

What it reported doing in 2023

Dance education & outreach - the organization offers training in ballet, modern, musical theater, jazz, hip hop, classical and contemporary choreography, as well as acting and vocal performance techniques. The organization's curriculum was intentionally created to nurture the whole artist in immersive professional experiences, in preparation for well rounded arts careers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.1%; rating input score 90
  • Program expense ratio: 75.7%; rating input score 76
  • Fundraising efficiency: $1,184.01 raised per $1 spent on fundraising; rating input score 98; 98th 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: 100%; rating input score 100; 81st percentile among comparable filings
  • 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: 5 of 8 controls in place; rating input score 62
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -18.3%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 14.8%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 90.1% of revenue deployed · 75.7% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $304K in reported program spending
  • Leadership: top reported pay $59K · 9 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.