Overview
What is Cleveland Ballet?
Cleveland Ballet is a distinguished nonprofit organization situated in Cleveland, Ohio, specifically at 23030 Miles Road. Their primary focus is on educating the community through performances, outreach activities, and high-quality educational programs in collaboration with schools, libraries, and other art organizations. The mission of Cleveland Ballet is to engage, create, and present art in the form of dance for their audience. With a dedicated team of 46 employees, they strive to enrich the local community by fostering a love for dance and promoting artistic expressions.
Official website here: www.clevelandballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating from Charity Navigator.
Cleveland Ballet has received a Two-Star rating primarily due to its 68% score, reflecting moderate strengths and some financial concerns. The organization is well-governed, with a fully independent board and strong auditing practices. This suggests a commitment to transparency and accountability, with effective governance policies in place.
However, financial performance metrics indicate some areas of concern. The organization has a high liabilities to assets ratio at 75.16%, implying potential financial instability. Additionally, the fundraising efficiency is notably low at $0.002, indicating challenges in generating funds relative to expenses.
While Cleveland Ballet has established solid governance and accountability measures, the financial ratios suggest the need for improvement in fundraising and managing liabilities to ensure long-term sustainability. It will be essential for the organization to address these issues to enhance its overall financial health and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cleveland Ballet legitimate?
Cleveland Ballet is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland Ballet 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: $145,991
Professional Fundraising Fees: $0
Other Salaries and Wages: $796,327
For more financial information, click here
Official website here: www.clevelandballet.org
What is the mission statement of Cleveland Ballet?
The Cleveland Ballet's mission is centered around promoting art, specifically dance, to its audience. This is achieved through three key aspects: education, creation, and presentation. In practice, this means providing educational opportunities through performances, outreach activities, and collaborative partnerships with schools, libraries, and other artistic organizations. The Cleveland Ballet also plays a significant role in creating new dance pieces, contributing to the artistic landscape. Lastly, they present these creations to the public, offering a platform for audience engagement and appreciation of dance art forms.
Official website here: www.clevelandballet.org
Who is the CEO of Cleveland Ballet?
Michael Krasnyansky is the President & of Cleveland Ballet.
Official website here: www.clevelandballet.org
What is the revenue of Cleveland Ballet?
Cleveland Ballet's revenue in 2022 was $2,048,614.
Official website here: www.clevelandballet.org
Who are the executives of Cleveland Ballet and what are their salaries?
The average compensation at Cleveland Ballet during 2022 was $20,485. There are 46 employees and 9 volunteers at Cleveland Ballet.
Here are 6 key members and their salaries:
- Compensation: $72,518
- Related: $0
- Other: $0
- Compensation: $75,846
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clevelandballet.org
Where can I find the form 990 for Cleveland Ballet?
Cleveland Ballet's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clevelandballet.org
Learn more at the official website: www.clevelandballet.org
Mission Statement of Cleveland Ballet
The Cleveland Ballet, as a nonprofit organization, is dedicated to the mission of educating, creating, and presenting art in the form of dance to its audience. It achieves this mission by providing performances, engaging in outreach activities, and collaborating with schools, libraries, and other art organizations to offer high-quality educational programs. Through these initiatives, the Cleveland Ballet aims to share its love for dance and cultivate an appreciation for this art form within the community.
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Impact
July, 2024
Cleveland Ballet's impact is seen through its dedication to educating, creating, and presenting art in the form of dance to its audience in Cleveland, Ohio. By providing high-quality educational programs, performances, and outreach activities, Cleveland Ballet enriches the community and partners with schools, libraries, and other art organizations to bring the joy of dance to a wider audience. Through its mission to educate and create art, Cleveland Ballet contributes to the cultural vibrancy of the city and supports the development of dance appreciation among all ages.
This information is meant to be a general summary of Cleveland Ballet. 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.
- Program Service Revenue: $688,103
- Gross Receipts: $2,089,938
Assets and Liabilities:
- Total Assets: $349,870
- Total Liabilities: $262,982
- Net Assets: $86,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE INCOME
Revenue
$544,410
MISC PROGRAM INCOME
Revenue
$143,693
Organization Details
Founding Year
2014
Principal Officer
Michael Krasnyansky
Main Address
23030 MILES ROAD, CLEVELAND, OH, 44128
Website
www.clevelandballet.orgNTEE Category
Code: A63 - Arts
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