Overview
What is The Cincinnati Ballet Company Inc?
The Cincinnati Ballet Company Inc, based in Cincinnati, Ohio, is a thriving nonprofit organization dedicated to the enrichment and advancement of dance as an art form. With a team of 178 employees, they present ticketed events on their main-stage and for their second company, generating revenue from ticketing sales of $2,658,767 and performance-related donations. Their mission extends beyond local communities, aiming to make a global impact through world-class performances, a top-tier academy, and effectual educational and engagement programs.
Official website here: www.cballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Cincinnati Ballet Company Inc has achieved a high rating of 96% from Charity Navigator, reflecting strong performance in accountability and finance. This rating indicates a solid foundation of transparency and effective management, demonstrating the organization's commitment to responsible financial practices and governance.
One of the standout features of the organization is its all-independent board, comprised of 37 members, which contributes to effective oversight and decision-making. Furthermore, the organization has successfully implemented critical policies such as conflict of interest and whistleblower protections, ensuring ethical operations and safeguarding stakeholder interests.
While the Cincinnati Ballet Company Inc excels in many areas, it's important to recognize that the rating is based exclusively on financial accountability, without a comprehensive evaluation of programmatic impact. Nonetheless, the high program expense ratio of 72.56% suggests a significant portion of funds is directed towards fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Cincinnati Ballet Company Inc legitimate?
The Cincinnati Ballet Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cincinnati Ballet Company 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: $672,618
Professional Fundraising Fees: $30,000
Other Salaries and Wages: $4,360,154
For more financial information, click here
Official website here: www.cballet.org
What is the mission statement of The Cincinnati Ballet Company Inc?
The Cincinnati Ballet Company Inc strives to enhance and elevate the art of dance through exceptional performances, a top-tier academy, and significant community outreach, both locally and globally. Their mission is geared towards enriching, expanding, and excelling in the realm of dance. By presenting world-class performances, maintaining a high-caliber academy, and engaging in impactful educational and community initiatives, the ballet company aims to make a difference in the world of dance. Through ticket sales and donations, they generate revenue to support their artistic and educational endeavors.
Official website here: www.cballet.org
Who is the CEO of The Cincinnati Ballet Company Inc?
Deborah S Brant is the CEO of The Cincinnati Ballet Company Inc The CEO's salary of The Cincinnati Ballet Company Inc is $0 and their total compensation is $0.
Official website here: www.cballet.org
What is the revenue of The Cincinnati Ballet Company Inc?
The Cincinnati Ballet Company Inc's revenue in 2024 was $12,612,493.
Official website here: www.cballet.org
Who are the executives of The Cincinnati Ballet Company Inc and what are their salaries?
The average compensation at The Cincinnati Ballet Company Inc during 2024 was $22,981. There are 219 employees and 30 volunteers at The Cincinnati Ballet Company Inc.
Here are 37 key members and their salaries (The Cincinnati Ballet Company Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $274,356
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- Other: $7,704
Official website here: www.cballet.org
Where can I find the form 990 for The Cincinnati Ballet Company Inc?
The Cincinnati Ballet Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cballet.org
Learn more at the official website: www.cballet.org
Mission Statement of The Cincinnati Ballet Company Inc
The Cincinnati Ballet Company Inc is dedicated to enriching, expanding, and excelling in the art of dance. This mission is brought to life through world-class performances that captivate and inspire audiences. The company's commitment to dance extends beyond the stage, with a high-caliber academy that nurtures the next generation of dancers.
Moreover, The Cincinnati Ballet Company Inc reaches beyond its local community, engaging with audiences from around the world. Through impactful education and outreach programs, the organization brings the joy and beauty of dance to a wider audience. The company's ticketed events, which include main-stage, second company, and community engagement performances, generate significant revenue with sales totaling $2,658,767 and performance-specific donations of $6,000. These funds support the organization's mission and enable it to continue making a difference in the world of dance.
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Impact
October, 2024
The Cincinnati Ballet Company Inc significantly enriches the cultural landscape through its commitment to excellence in dance. By delivering world-class performances and fostering a high-caliber academy, it not only showcases the art of dance but also cultivates talent within the community. The company engages local audiences through a diverse range of ticketed events, including main-stage performances and community engagement initiatives, contributing to the local economy with ticket sales of $2,658,767 and performance-specific donations of $6,000.
Its mission extends beyond the stage, aiming to connect with communities on both local and global levels, thereby expanding the appreciation of dance as a transformative art form. Through these efforts, the Cincinnati Ballet fosters cultural enrichment, educational opportunities, and a vibrant artistic community, ensuring that dance remains an integral part of the region's cultural identity.
This information is meant to be a general summary of The Cincinnati Ballet Company 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 2024.
- Investment Income: $50,682
- Program Service Revenue: $6,552,285
- Gross Receipts: $13,359,261
Assets and Liabilities:
- Total Assets: $23,520,636
- Total Liabilities: $4,304,543
- Net Assets: $19,216,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Subscription and Ticket Sales
Revenue
$3,473,647
Academy
Revenue
$2,931,412
Touring & Special Program
Revenue
$147,226
Organization Details
Founding Year
1958
Principal Officer
Deborah S Brant
Website
www.cballet.orgNTEE Category
Code: A630 - Arts
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