Overview
What is New York City Ballet Inc?
New York City Ballet Inc, based in New York City, is a renowned nonprofit organization dedicated to the world of classical ballet. They bring ballet to life through performances and productions, while also promoting and sustaining the art form through education. After a hiatus due to the Covid-19 pandemic, they returned to the David H. Koch Theater stage with 18 weeks of programming, reaching over 217,000 attendees. The company remains committed to the legacy of its founders, George Balanchine and Lincoln Kirstein, as they strive to perform the ballets and preserve the dance aesthetic and standards of excellence they established.
Official website here: www.nycballet.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
New York City Ballet Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a perfect score of 100% for independent board members and a robust financial oversight system, the organization demonstrates transparency and effective governance practices. The high program expense ratio of 85.56% indicates that a significant portion of its resources is directed toward fulfilling its mission.
The charity's well-structured policies, including conflict of interest and whistleblower protections, further enhance its credibility. The organization maintains a solid financial foundation, evidenced by a low liabilities to assets ratio of 7.68%. These factors contribute to a trustworthy reputation in the nonprofit sector, assuring stakeholders of responsible management and use of funds.
While the data showcases numerous strengths, prospective donors and supporters can remain confident in their contributions, knowing that New York City Ballet prioritizes its operational and artistic objectives. The meticulous adherence to policies and governance standards positions the charity favorably among peers in the arts community.
This AI summary has been generated from information found on Charity Navigator.
Is New York City Ballet Inc legitimate?
New York City Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York City 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: $1,800,039
Professional Fundraising Fees: $227,104
Other Salaries and Wages: $39,493,001
For more financial information, click here
Official website here: www.nycballet.com
What is the mission statement of New York City Ballet Inc?
New York City Ballet Inc is committed to preserving and promoting classical ballet through its performances and educational initiatives. After a hiatus due to the Covid-19 pandemic, the company returned to the stage, presenting 18 weeks of programming to over 217,000 audiences. Their mission aligns with the vision of their founders, as they strive to uphold the dance aesthetic and standards of excellence established in ballet. New York City Ballet aims to perform ballets and preserve the tradition, while continuously creating new productions that showcase the art form. Their dedication to this mission ensures that classical ballet remains a vibrant and evolving art form.
Official website here: www.nycballet.com
Who is the CEO of New York City Ballet Inc?
Katherine Brown is the Executive Director of New York City Ballet Inc.
Official website here: www.nycballet.com
What is the revenue of New York City Ballet Inc?
New York City Ballet Inc's revenue in 2022 was $85,606,399.
Official website here: www.nycballet.com
Who are the executives of New York City Ballet Inc and what are their salaries?
The average compensation at New York City Ballet Inc during 2022 was $46,449. There are 889 employees and 93 volunteers at New York City Ballet Inc.
Here are 65 key members and their salaries:
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Official website here: www.nycballet.com
Where can I find the form 990 for New York City Ballet Inc?
New York City Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nycballet.com
Learn more at the official website: www.nycballet.com
Mission Statement of New York City Ballet Inc
New York City Ballet Inc, a distinguished cultural institution, is dedicated to performing, promoting, and sustaining the art of classical ballet. Established by George Balanchine and Lincoln Kirstein, the organization has continued to uphold their vision and legacy. New York City Ballet's mission lies in bringing classical ballet productions and performances to life, while preserving the unique dance aesthetic and standards set by its founders.
After a hiatus due to the Covid-19 pandemic, New York City Ballet returned to the stage at the David H. Koch Theater, presenting 18 weeks of programming to an audience of over 217,000 people. The company's commitment to excellence remains unwavering, as it continues to embody the dance traditions instilled by Balanchine and Kirstein. With a focus on both performing the ballets and maintaining the exceptional standards they established, New York City Ballet remains a significant player in the world of classical ballet.
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Impact
October, 2024
New York City Ballet Inc significantly impacts the performing arts landscape by championing classical ballet in a vibrant and dynamic manner. Through a rich program of ballet productions and performances, it not only entertains but also educates audiences about the art form, fostering a deeper appreciation for dance.
The company's recent return to the stage following an 18-month hiatus due to the Covid-19 pandemic exemplifies its resilience and commitment to the community, as it welcomed over 217,000 attendees during an 18-week performance series at the David H. Koch Theater. This revival highlights the organization’s role as a cultural pillar in New York City, drawing locals and visitors alike to experience world-class ballet.
Rooted in the vision of its founders, George Balanchine and Lincoln Kirstein, New York City Ballet remains dedicated to preserving classical ballet's standards of excellence while continuously promoting its evolution. By performing iconic ballets and nurturing new works, the company plays an essential role in maintaining the artistic integrity and vitality of the ballet tradition. Through its initiatives, NYC Ballet engages diverse audiences, inspires future generations of dancers, and contributes to the broader artistic dialogue within the community.
This information is meant to be a general summary of New York City 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: $3,625,418
- Program Service Revenue: $31,900,632
- Gross Receipts: $125,718,518
Assets and Liabilities:
- Total Assets: $312,989,092
- Total Liabilities: $27,301,330
- Net Assets: $285,687,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$24,618,470
COSTUMES AND OTHER RENTALS
Revenue
$6,136,981
TOUR FEES
Revenue
$1,082,788
PATRON SERVICES
Revenue
$62,393
Organization Details
Founding Year
1977
Phone
(212) 870-7776Principal Officer
Katherine Brown
Main Address
20 LINCOLN CENTER PLAZA, NEW YORK, NY, 100236580
Website
www.nycballet.comNTEE Category
Code: A630 - Arts
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