Overview
What is Mystic Ballet Inc?
Mystic Ballet Inc, headquartered in Stonington, Connecticut, is a dedicated nonprofit organization with a mission to make dance accessible to a wide audience. They achieve this goal through various means, including touring performances, educational programs, creative use of media, and numerous outreach initiatives. The primary aim is to expand their reach and promote artistic excellence, while also increasing public understanding of the cultural and social significance of the arts. By doing so, they strive to maximize opportunities and innovations in the field of dance. Their activities are geared towards producing world-class performances, showcasing outstanding creativity, and ultimately, fostering a deeper appreciation for the arts.
Official website here: www.mysticballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Mystic Ballet Inc has received a "Needs Improvement" rating from Charity Navigator, scoring 69% overall. The organization demonstrates strong governance through 100% independent board members and a solid program expense ratio of nearly 95%, indicating that most funds are directed towards its programs rather than administrative costs. The liabilities to assets ratio is also favorable at 1.29%, suggesting financial stability.
However, there are significant areas for improvement, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy reflects weaknesses in accountability practices. These missing elements may raise concerns regarding transparency and ethical management.
In summary, while Mystic Ballet Inc excels in certain financial metrics and governance independence, the lack of essential policy frameworks could hinder its overall effectiveness and trustworthiness among stakeholders. Addressing these gaps may enhance the organization's rating and bolster public confidence.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mystic Ballet Inc?
96% of 40 reviewers on Facebook recommend Mystic Ballet Inc. Here is a summary of their reviews:
Many audience members express admiration for the performances, particularly highlighting the charm of "MB Nutcracker." Reviewers appreciate the artistic blend of traditional and innovative elements, showcasing the nonprofit's ability to surprise and engage its audience.
Overall, Mystic Ballet Inc. appears to deliver an enjoyable and memorable experience for attendees, reinforcing its positive reputation within the community. Supporters commend the organization for its quality productions and the impact it has on local culture.
This AI summary has been generated from reviews found on Facebook.
Is Mystic Ballet Inc legitimate?
Mystic Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mystic Ballet Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.mysticballet.org
What is the mission statement of Mystic Ballet Inc?
Mystic Ballet Inc's mission is centered around creating a legacy in the world of dance. Their primary objective is to make dance accessible to a wide audience, achieved through touring, educational programs, creative use of media, and various outreach efforts. This expansive reach aims to grow the company's audience. Additionally, they strive to produce world-class performances, showcasing exceptional creativity and artistic excellence. Furthermore, Mystic Ballet Inc seeks to increase understanding of the cultural and social significance of the arts, while also maximizing opportunities and innovations in arts development.
Official website here: www.mysticballet.org
Who is the CEO of Mystic Ballet Inc?
Goran M Subotic is the President of Mystic Ballet Inc.
Official website here: www.mysticballet.org
What is the revenue of Mystic Ballet Inc?
Mystic Ballet Inc's revenue in 2022 was $1,664,449.
Official website here: www.mysticballet.org
Who are the executives of Mystic Ballet Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.mysticballet.org
Where can I find the form 990 for Mystic Ballet Inc?
Mystic Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mysticballet.org
Learn more at the official website: www.mysticballet.org
Mission Statement of Mystic Ballet Inc
Mystic Ballet Inc, a nonprofit organization, is committed to making dance accessible to a wide audience through various means. Their mission is twofold: firstly, they aim to expand their reach by touring, implementing educational programs, creatively utilizing media, and engaging in other outreach efforts. This strategy is intended to broaden the company's audience. Secondly, Mystic Ballet Inc strives to produce world-class performances, showcasing outstanding creativity and artistic excellence. By doing so, they aim to increase public understanding of the cultural and social importance of the arts, and to maximize opportunities and innovations in the realm of arts development.
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Impact
July, 2024
Mystic Ballet Inc's impact lies in its commitment to making dance accessible to a wide audience through touring, educational programs, media utilization, and other outreach initiatives. By expanding the company's audience in this way, Mystic Ballet Inc is able to produce world-class performances that promote creativity and artistic excellence. Additionally, the organization aims to enhance understanding of the cultural and social significance of the arts while maximizing opportunities for arts development and innovation. Through these efforts, Mystic Ballet Inc contributes to the enrichment of communities and the advancement of the arts.
This information is meant to be a general summary of Mystic Ballet Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $695,142
- Program Service Revenue: $418,911
- Gross Receipts: $1,664,449
Assets and Liabilities:
- Total Assets: $2,603,277
- Total Liabilities: $33,634
- Net Assets: $2,569,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION - BALLET
Revenue
$345,055
TICKET SALES
Revenue
$73,856
Organization Details
Founding Year
1997
Phone
(860) 536-3671Principal Officer
Goran M Subotic
Main Address
325 MISTUXET AVENUE, STONINGTON, CT, 06378
Website
www.mysticballet.orgNTEE Category
Code: A63 - Arts
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