Overview
What is Manhattan Youth Ballet Inc?
Manhattan Youth Ballet Inc is a nonprofit organization situated in New York, specifically at 248 WEST 60TH STREET, NEW YORK, NY 10023. Their primary mission is to grant scholarships to aspiring dancers who show promise in classical ballet, character dancing, and modern dance. Recipients of these scholarships receive training within these disciplines, with the tuition and fees often being partially or fully covered by the organization. The scholarships are awarded based on merit and financial need, ensuring that dedicated individuals have the opportunity to pursue their dance aspirations, regardless of their financial circumstances.
Official website here: www.manhattanyouthballet.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 39%, Zero-Star out of Four Star rating.
Manhattan Youth Ballet Inc has received a low score of 39% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and impartiality. Additionally, there are multiple missing policies, including conflict of interest and whistleblower protections, which are standard for ensuring ethical operations.
Despite the governance issues, the organization does have a strong program expense ratio of 78.95%, suggesting that the majority of its expenses are directed towards its programs rather than administrative costs. However, its financial statements are not available, limiting transparency and making it difficult for donors to assess its financial health thoroughly.
Furthermore, the liabilities to assets ratio of 150.85% is alarming, indicating that the organization has more liabilities than it can cover with its assets. This poses a risk to its sustainability and financial stability, highlighting the need for better financial management and oversight. Overall, potential donors should exercise caution and seek further information before contributing to this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan Youth Ballet Inc legitimate?
Manhattan Youth Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan Youth 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: $609,255
For more financial information, click here
Official website here: www.manhattanyouthballet.org
What is the mission statement of Manhattan Youth Ballet Inc?
Manhattan Youth Ballet Inc, through its mission, grants scholarships to aid individuals with a passion for learning classical ballet. These scholarship recipients undergo training in various dance styles, including character dancing, classical ballet, and modern dance. In most instances, Manhattan Youth Ballet Inc credits the grantee's tuition and fees. The organization evaluates and selects students based on their merit and financial needs, offering scholarships as a reduction of tuition costs. The primary goal is to nurture the talent and passion for ballet in aspiring dancers.
Official website here: www.manhattanyouthballet.org
Who is the CEO of Manhattan Youth Ballet Inc?
Rose Caiola is the President & Ceo of Manhattan Youth Ballet Inc. The CEO's salary of Manhattan Youth Ballet Inc is $0 and their total compensation is $0.
Official website here: www.manhattanyouthballet.org
What is the revenue of Manhattan Youth Ballet Inc?
Manhattan Youth Ballet Inc's revenue in 2023 was $1,054,188.
Official website here: www.manhattanyouthballet.org
Who are the executives of Manhattan Youth Ballet Inc and what are their salaries?
Here are 5 key members and their salaries (Manhattan Youth Ballet Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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Official website here: www.manhattanyouthballet.org
Where can I find the form 990 for Manhattan Youth Ballet Inc?
Manhattan Youth Ballet Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manhattanyouthballet.org
Learn more at the official website: www.manhattanyouthballet.org
Mission Statement of Manhattan Youth Ballet Inc
Manhattan Youth Ballet Inc, a non-profit organization, provides scholarships to aid individuals with a passion for classical ballet. The selected recipients undergo training in various dance styles, including character dancing, classical ballet, and modern dance. In most instances, Manhattan Youth Ballet credits the grantees' tuition and fees, either fully or partially. The organization assesses and grades students for acceptance and advancement, and merit and financial scholarships are granted to deserving students. These scholarships serve as a reduction of the students' tuition fees.
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Impact
October, 2024
Manhattan Youth Ballet Inc significantly enriches the cultural landscape by providing aspiring dancers with access to high-quality training in classical ballet, character dancing, and modern dance. Through its scholarship program, it alleviates financial barriers, allowing talented individuals to pursue their passion and hone their skills.
The organization carefully assesses students through grading and testing for acceptance and advancement, ensuring that those receiving scholarships are not only deserving based on merit but also supported in their artistic journey. By covering tuition and fees for selected recipients, it cultivates a diverse environment where talented dancers from various backgrounds can thrive. The scholarships offered by Manhattan Youth Ballet Inc foster a sense of community and dedication among young performers, encouraging them to reach their fullest potential in the arts. This initiative not only impacts the individual lives of the students but also contributes to the overall vitality and richness of the arts in New York City.
This information is meant to be a general summary of Manhattan Youth 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 2023.
- Investment Income: $6,981
- Program Service Revenue: $1,047,207
- Gross Receipts: $1,054,188
Assets and Liabilities:
- Total Assets: $553,670
- Total Liabilities: $835,264
- Net Assets: -$281,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$1,047,207
Organization Details
Founding Year
2005
Phone
(212) 787-1178Principal Officer
Rose Caiola
Main Address
248 WEST 60TH STREET, NEW YORK, NY, 10023
Website
www.manhattanyouthballet.orgNTEE Category
Code: A01 - Arts
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