Overview
What is School Of American Ballet Inc?
The School of American Ballet Inc, based in New York City, is a renowned nonprofit organization dedicated to nurturing the talents of young ballet students aged 6 to 19. With a robust winter term curriculum of up to 18.5 hours per week for advanced students and a more modest schedule for younger students, the institution offers comprehensive ballet training. During the winter term in 2021-2022, 441 students attended, representing 26 states and 2 foreign countries. In addition to the winter term, the School offers a 5-week summer intensive course and a New York City Junior Program. Scholarships and awards were granted to a significant number of students during the fiscal year 2022, totaling $770K. Through community outreach, the organization extends its reach by conducting lectures, demonstrations, and auditions in the New York metropolitan area. In FY 2022, the School welcomed 24 gifted faculty members and select New York City Ballet Company members who imparted their knowledge to an impressive 789 students.
Official website here: www.sab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The School of American Ballet Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its overall performance and trustworthiness as a nonprofit organization. The high rating is primarily supported by its strong Accountability & Finance score of 95%, indicating effective financial management and transparency. The organization has demonstrated a solid commitment to its mission, achieving a Program Expense Ratio of 72.95%, which signifies that a significant portion of its expenses directly supports its programs.
Strengths of the School of American Ballet include its fully independent board and stellar leadership adaptability, scoring 100% in these areas. The organization has also upheld robust practices such as having a conflict of interest policy and a whistleblower policy in place. Furthermore, the feedback collection and usage scores of 100% suggest that the organization actively seeks and utilizes stakeholder input to improve its operations and programs.
While the overall ratings are very positive, there is a noted limitation in its Fundraising Efficiency Ratio, which stands at $0.25. This indicates that the organization may have room for improvement in its fundraising practices, suggesting it could be more efficient in converting donations into programmatic support. Overall, the School of American Ballet Inc stands out as a reputable organization with a strong commitment to accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is School Of American Ballet Inc legitimate?
School Of American Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. School Of American 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: $1,006,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,425,595
For more financial information, click here
Official website here: www.sab.org
What is the mission statement of School Of American Ballet Inc?
The School of American Ballet is dedicated to training students for professional careers in classical ballet. In the 2022 academic year, the institution passed on the Balanchine ballet tradition to over 789 students, with the help of 24 talented faculty members and guest instructors. The school offers rigorous training programs for students aged 6 to 19, with advanced students attending classes for up to 18.5 hours per week during the winter term. In the 2022 winter term, students from 28 states and 2 foreign countries were enrolled, and the curriculum included additional opportunities such as choreographic workshops and year-end performances for advanced students. The school also offers a summer intensive course and various tuition scholarship programs to support students.
Official website here: www.sab.org
Who is the CEO of School Of American Ballet Inc?
Zita J Ezpeleta is the Director, Chair Of Board of School Of American Ballet Inc.
Official website here: www.sab.org
What is the revenue of School Of American Ballet Inc?
School Of American Ballet Inc's revenue in 2022 was $15,348,722.
Official website here: www.sab.org
Who are the executives of School Of American Ballet Inc and what are their salaries?
The average compensation at School Of American Ballet Inc during 2022 was $43,458. There are 148 employees and 47 volunteers at School Of American Ballet Inc.
Here are 54 key members and their salaries:
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Official website here: www.sab.org
Where can I find the form 990 for School Of American Ballet Inc?
School Of American Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sab.org
Learn more at the official website: www.sab.org
Mission Statement of School Of American Ballet Inc
The School of American Ballet, a renowned institution, is dedicated to nurturing talented students for professional careers in classical ballet. With a rich tradition rooted in the Balanchine ballet technique, the organization passed on invaluable knowledge from 24 gifted faculty members to 789 students in its programs during FY 2022. These faculty members were not only supported by New York City Ballet company members but also distinguished guest teachers.
The School offers intensive ballet training for students ranging from age 6 to 19, providing appropriate hours of instruction based on their level of concentration. Advanced students engage in 36 weeks of classes with a weekly commitment of up to 18.5 hours. Younger students meet twice weekly for an hour over 33 weeks. During the winter term, 441 students were enrolled, representing 26 states and 2 foreign countries. The curriculum encompasses additional opportunities for advanced students, including choreographic workshops and year-end performances. Furthermore, the School provides a 5-week summer intensive course and a one-week New York City Junior Program. In FY 2022, it granted $770K in tuition scholarships and awards.
The organization extends its programs beyond its student body. It offers community lectures and demonstrations, as well as community auditions, reaching students in the New York metropolitan area. The School of American Ballet is unwavering in its commitment to fostering the next generation of classical ballet professionals.
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Impact
October, 2024
The School of American Ballet Inc significantly influences the world of classical ballet by nurturing and developing the next generation of talented dancers. In the fiscal year 2022, the school effectively transmitted the rich Balanchine ballet tradition through the expertise of 24 dedicated faculty members to 789 students. This robust educational structure not only provides extensive training from ages 6 to 19 but also features rigorous programs, including 36 weeks of classes for advanced students, supplemented with additional choreographic workshops and performance opportunities.
The school's outreach and recruitment efforts are commendable, as they attract gifted students from diverse backgrounds, with participants from 26 states and two countries during the winter term of 2021-2022. Their commitment to accessibility is evident through substantial financial support, offering $770,000 in tuition scholarships and financial aid, ensuring that aspiring dancers from various socio-economic backgrounds can pursue their passion.
Moreover, the school extends its impact beyond training by engaging with the broader community through lectures and demonstrations, fostering a greater appreciation for ballet. With programs like the New York City Junior Program and the summer intensive course, the School of American Ballet continues to cultivate a vibrant culture of ballet, inspiring individuals while shaping professional careers in the arts.
This information is meant to be a general summary of School Of American 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: $2,554,958
- Program Service Revenue: $5,019,896
- Gross Receipts: $35,147,816
Assets and Liabilities:
- Total Assets: $94,813,338
- Total Liabilities: $13,939,905
- Net Assets: $80,873,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$4,197,333
ROOM AND BOARD FEES
Revenue
$539,656
WORKSHOP PERF. & OTHER FEES
Revenue
$109,227
AUDITION REG. FEES
Revenue
$79,416
ACTIVITY FEES
Revenue
$46,800
Organization Details
Founding Year
1934
Phone
(212) 769-6600Principal Officer
Zita J Ezpeleta
Main Address
70 LINCOLN CENTER PLAZA, NEW YORK, NY, 100236592
Website
www.sab.orgNTEE Category
Code: A6E0 - Arts
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