Ballet Florida Inc

Charity Navigator Rating: 55% - One-Star out of Four Star rating.

Ballet Florida Inc has received a One-Star rating from Charity Navigator, indicating significant areas for improvement, particularly in accountability and finance. The organization has a low score of 55%, largely due to the absence of independent board members and missing key policies such as conflict of interest and whistleblower protections. Despite these shortcomings, it scored well on material diversion of assets and maintains a strong liabilities to assets ratio.

The organization demonstrates a commitment to its programs, with a program expense ratio of 69.26%, suggesting that a substantial portion of its budget is directed toward its mission-related activities. However, the lack of transparency in governance practices raises concerns about oversight and ethical management. The absence of essential policies could hinder trust among stakeholders and limit the organization's ability to effectively handle conflicts or complaints.

Overall, Ballet Florida Inc shows potential through its program expenditures but needs to address significant governance and accountability issues to improve its rating and operational effectiveness. Enhancing board independence and adopting necessary policies could strengthen its financial practices and stakeholder confidence.

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

Ballet Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Florida 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: $32,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,340

For more financial information, click here

Official website here: www.balletflorida.org