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Gelsey Kirkland Academy Of Classical Ballet Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271623781 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Gelsey Kirkland Academy Of Classical Ballet Inc?

Gelsey Kirkland Academy Of Classical Ballet Inc is a nonprofit institution situated in an unspecified location, dedicated to nurturing talented students in a focused studio setting. Their mission is to equip these young artists with the necessary technical and artistic abilities to portray compelling characters on stage. The academy provides a comprehensive training program, fostering an environment that encourages growth and development in dance performance.


Official website here: www.gelseykirklandballet.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)

The Gelsey Kirkland Academy of Classical Ballet Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas. The overall score of 73% reflects a decent level of transparency and accountability, particularly with strong independent board representation and the absence of material asset diversion. The organization has established policies for conflicts of interest, whistleblower protection, and document retention, enhancing its governance framework.

However, the organization faces significant challenges in financial reporting, as it scored 0 out of 15 points for financial statements, which raises concerns about its fiscal transparency. While the program expense ratio is relatively decent at 63.60%, these financial reporting deficiencies may hinder potential donors from fully assessing the organization’s financial health and operational effectiveness.

Despite these issues, the organization has demonstrated a commitment to maintaining a majority of independent board members and a low liabilities-to-assets ratio of just 0.09%. Addressing the lack of financial documentation could significantly improve its rating and foster greater trust among current and potential supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Gelsey Kirkland Academy Of Classical Ballet Inc legitimate?

Gelsey Kirkland Academy Of Classical Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gelsey Kirkland Academy Of Classical 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: $27,786
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gelseykirklandballet.org

What is the mission statement of Gelsey Kirkland Academy Of Classical Ballet Inc?

The Gelsey Kirkland Academy of Classical Ballet Inc. is committed to providing comprehensive training to talented students in a conducive studio environment. This environment allows these students to develop the technical and artistic skills required to portray compelling characters on stage. The primary objective of the academy is to nurture these young dancers, equipping them with the necessary skills to excel in their performances. The academy fosters an atmosphere that encourages the growth of its students, enabling them to reach their full potential as performers.


Official website here: www.gelseykirklandballet.org

Who is the CEO of Gelsey Kirkland Academy Of Classical Ballet Inc?

Michael Chernov is the Executive/Artistic Director of Gelsey Kirkland Academy Of Classical Ballet Inc.


Official website here: www.gelseykirklandballet.org

What is the revenue of Gelsey Kirkland Academy Of Classical Ballet Inc?

Gelsey Kirkland Academy Of Classical Ballet Inc's revenue in 2022 was $541,902.


Official website here: www.gelseykirklandballet.org

Who are the executives of Gelsey Kirkland Academy Of Classical Ballet Inc and what are their salaries?

The average compensation at Gelsey Kirkland Academy Of Classical Ballet Inc during 2022 was $13,893. There are 2 employees at Gelsey Kirkland Academy Of Classical Ballet Inc.


Here are 5 key members and their salaries:


Michael Chernov (Executive/Artistic Director)
  • Compensation: $127,346
  • Related: $0
  • Other: $0
Gelsey Kirkland (Secretary/Artistic Co-Director)
  • Compensation: $48,155
  • Related: $0
  • Other: $0
Andre Tchelistcheff (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Pivnick (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nilay Shah (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gelseykirklandballet.org

Where can I find the form 990 for Gelsey Kirkland Academy Of Classical Ballet Inc?

Gelsey Kirkland Academy Of Classical Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gelseykirklandballet.org

Learn more at the official website: www.gelseykirklandballet.org

Mission Statement of Gelsey Kirkland Academy Of Classical Ballet Inc

Gelsey Kirkland Academy of Classical Ballet Inc is dedicated to providing comprehensive training for gifted students in the realm of classical ballet. Situated in a focused studio environment, the academy aims to equip its students with the necessary technical and artistic skills. This training enables the students to craft compelling characters in their performances, showcasing their talents and skills effectively. By offering a nurturing and focused environment, Gelsey Kirkland Academy of Classical Ballet Inc fosters the growth of its students, preparing them for successful careers in the world of dance.

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Impact




July, 2024

The Gelsey Kirkland Academy Of Classical Ballet Inc has a significant impact on the arts community by providing comprehensive training to gifted students in classical ballet. Through their focused studio environment, students are able to acquire the technical and artistic skills necessary to create compelling characters in performance. This dedicated approach helps to cultivate talented dancers and contributes to the preservation and advancement of classical ballet as an art form.




This information is meant to be a general summary of Gelsey Kirkland Academy Of Classical 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.

Revenue
$541,902 (2022)
Expenses
$406,851 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $541,412
  • Gross Receipts: $840,490

Assets and Liabilities:

  • Total Assets: $21,812
  • Total Liabilities: $20
  • Net Assets: $21,792

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Organization Details

Founding Year

2010

Principal Officer

Michael Chernov

Main Address

PO BOX 90331, Brooklyn, NY, 11209

NTEE Category

Code: A6E - Arts

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