Overview
What is Ballet Theatre Foundation Inc?
Ballet Theatre Foundation Inc, also known as American Ballet Theatre (ABT), is a renowned nonprofit organization located in New York City with 734 employees. Established as America's National Ballet Company by Congressional resolution in 2006, ABT presents a wide array of full-length ballets, one-act classics, and pioneering new works to diverse audiences across the country and internationally. In 2022, ABT held seven weeks of performances in New York City and two weeks in Costa Mesa, California, featuring repertoires such as Don Quixote, Romeo and Juliet, and Swan Lake, among others. The organization is committed to preserving and extending the classical repertoire through exceptional performances and educational programming.
Official website here: www.abt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Ballet Theatre Foundation Inc has received a solid 87% rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization boasts a fully independent board, which is a positive sign of governance, and has shown exemplary practices in areas such as conflict of interest and whistleblower policies. Their financial metrics reflect a strong emphasis on program expenses, with over 83% of their budget allocated directly to programs, demonstrating a commitment to their mission.
The nonprofit's operational efficiency is also noteworthy, with a fundraising efficiency ratio of just $0.08, indicating that they are able to raise significant funds with minimal costs. Additionally, their liabilities to assets ratio stands at a healthy 17.09%, suggesting they manage their resources wisely. The long working capital ratio of 1.80 years further emphasizes the organization's financial stability.
While the organization performs well in most areas, the rating does not delve into the qualitative aspects of their programs or the impact of their work. This could be an area of interest for potential donors or stakeholders looking to understand the direct outcomes of their contributions. Overall, Ballet Theatre Foundation Inc appears to be a well-managed organization with a strong commitment to its mission and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ballet Theatre Foundation Inc legitimate?
Ballet Theatre Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Theatre Foundation 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: $1,517,319
Professional Fundraising Fees: $373,287
Other Salaries and Wages: $17,684,261
For more financial information, click here
Official website here: www.abt.org
What is the mission statement of Ballet Theatre Foundation Inc?
The Ballet Theatre Foundation Inc aims to bring the great repertoire of classical dancing to audiences across the country and around the world. Through exciting performances and educational programming of the highest quality, the foundation's ballet company, American Ballet Theatre, preserves and extends the classical ballet tradition in the US. In 2022, American Ballet Theatre presented seven weeks of performances in New York City and two weeks in Costa Mesa, California. The season included full-length ballets like Don Quixote, Of Love and Rage, Swan Lake, Romeo and Juliet, and mixed repertory works. The foundation presented five performances of Whipped Cream and six repertory programs in October, and The Nutcracker was presented for two weeks in December.
Official website here: www.abt.org
Who is the CEO of Ballet Theatre Foundation Inc?
Shawn Davidson is the Chairman of Ballet Theatre Foundation Inc. The CEO's salary of Ballet Theatre Foundation Inc is $482,484 and their total compensation is $517,511.
Official website here: www.abt.org
What is the revenue of Ballet Theatre Foundation Inc?
Ballet Theatre Foundation Inc's revenue in 2022 was $37,561,780.
Official website here: www.abt.org
Who are the executives of Ballet Theatre Foundation Inc and what are their salaries?
The average compensation at Ballet Theatre Foundation Inc during 2022 was $26,160. There are 734 employees and 59 volunteers at Ballet Theatre Foundation Inc.
Here are 44 key members and their salaries (Ballet Theatre Foundation Inc's CEO's salary is $482,484 and their total compensation is $517,511):
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Official website here: www.abt.org
Where can I find the form 990 for Ballet Theatre Foundation Inc?
Ballet Theatre Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abt.org
Learn more at the official website: www.abt.org
Mission Statement of Ballet Theatre Foundation Inc
Ballet Theatre Foundation Inc, also known as American Ballet Theatre (ABT), is a renowned ballet company that carries the distinguished title of America's National Ballet Company by congressional resolution since 2006. With a commitment to excellence and leadership, this foundation aims to create, present, preserve, and extend the vast repertoire of classical dancing through top-tier performances and educational programming.
ABT proudly presents a diverse range of ballet productions, showcasing the great works of full-length ballets, one-act classics, and innovative new pieces to audiences across the country and around the world. In 2022, the foundation showcased its artistic prowess through seven weeks of performances in New York City and two weeks in Costa Mesa, California. The repertoire for the five-week spring season at the Metropolitan Opera House featured captivating productions of Don Quixote, Of Love and Rage, Swan Lake, Romeo and Juliet, and a mix of themed works, including Theme and Variations, Zig-Zag, and Single Eye. Additionally, ABT presented performances of Whipped Cream and six repertory programs at the David H. Koch Theater at Lincoln Center and The Nutcracker at the Segerstrom Center for the Arts in Costa Mesa.
Through its passion for the art form and dedication to maintaining the tradition of excellence, American Ballet Theatre continues to captivate audiences and solidify its position as America's National Ballet Company.
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Impact
October, 2024
Ballet Theatre Foundation Inc. significantly enhances the cultural landscape by presenting an unparalleled repertoire of classical and contemporary ballet to diverse audiences both domestically and internationally. With American Ballet Theatre recognized as America's national ballet company, it serves as a beacon for artistic excellence and innovation.
In its 2022 season, ABT showcased an expansive range of performances, demonstrating its commitment to the art form. Audiences in New York City and Costa Mesa, California, experienced iconic full-length ballets like "Swan Lake," "Romeo and Juliet," and "Don Quixote," alongside pioneering works that challenge and expand the ballet tradition. The foundation's educational programming further extends its impact, making world-class art accessible to a broader audience and nurturing the next generation of dancers and dance enthusiasts.
By preserving and advancing ballet's rich heritage, Ballet Theatre Foundation Inc. not only entertains but also enriches communities, fostering a deeper appreciation for the arts across all demographics. Through its performances and outreach initiatives, it plays a crucial role in ensuring that ballet remains an integral part of America's cultural dialogue.
This information is meant to be a general summary of Ballet Theatre Foundation 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: $670,773
- Program Service Revenue: $15,318,907
- Gross Receipts: $45,553,433
Assets and Liabilities:
- Total Assets: $75,851,680
- Total Liabilities: $12,969,407
- Net Assets: $62,882,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE RECEIPTS
Revenue
$10,919,757
TUITION INCOME
Revenue
$3,635,121
PROGRAM FEES - EDUCATION
Revenue
$564,636
HOUSING INCOME
Revenue
$158,844
COSTUME RENTAL
Revenue
$40,549
Organization Details
Founding Year
1947
Phone
(212) 477-3030Principal Officer
Shawn Davidson
Main Address
890 BROADWAY 3RD FLOOR, NEW YORK, NY, 10003
Website
www.abt.orgNTEE Category
Code: A63Z - Arts
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