Overview
What is Madison Ballet Inc?
Madison Ballet Inc, situated in Madison, Wisconsin, serves as a nonprofit organization dedicated to nurturing both young dancers and seasoned professionals through its critically acclaimed performances. The artistic vision of Madison Ballet encompasses a range of educational programs and productions, focusing on three main areas: education, performing opportunities, and teach/choreographing opportunities. The mission of Madison Ballet is to foster appreciation and accessibility of ballet, providing training and performing opportunities through professionally produced productions and educational initiatives. This is accomplished through three primary pillars: the company and its performances, the School of Madison Ballet, and outreach programs. With a workforce of 28 individuals, Madison Ballet strives to inspire and delight audiences with its diverse range of productions, from the classic charm of "The Nutcracker" to the innovative allure of contemporary works.
Official website here: www.madisonballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)
Madison Ballet Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operational and financial practices. The organization demonstrates strong governance with 100% independent board members and a notable program expense ratio of 73.93%, showing a commitment to its mission. Additionally, the nonprofit has established policies for conflict of interest and whistleblowing, contributing positively to its accountability and transparency.
However, the organization faces significant challenges in financial management, as highlighted by its score of 0 out of 15 points for financial statements, which indicates a lack of proper review or compilation. Furthermore, a high liabilities to assets ratio of 88.31% raises concerns about financial health, which may impact the long-term sustainability of the ballet's operations. The absence of the tax form on the nonprofit’s website further detracts from overall transparency.
In summary, while Madison Ballet Inc possesses a solid governance structure and a dedicated focus on its programs, it must address its financial reporting and transparency issues to improve its standing and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Ballet Inc legitimate?
Madison Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison 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: $134,915
Professional Fundraising Fees: $0
Other Salaries and Wages: $616,381
For more financial information, click here
Official website here: www.madisonballet.org
What is the mission statement of Madison Ballet Inc?
Madison Ballet Inc's mission is centered around promoting appreciation and access to ballet. This is achieved through three primary areas: education, performing opportunities, and teach/choreographing opportunities. The organization strives to provide training and performance opportunities through professionally produced shows and educational initiatives. This mission is carried out through three pillars: the company/performances, the School of Madison Ballet, and outreach programs. The company/performances offer invaluable experiences to both young dancers and professionals, showcasing classic ballets like "The Nutcracker" and contemporary works.
Official website here: www.madisonballet.org
Who is the CEO of Madison Ballet Inc?
Matthew Ulrich is the President of Madison Ballet Inc. The CEO's salary of Madison Ballet Inc is $87,792 and their total compensation is $92,477.
Official website here: www.madisonballet.org
What is the revenue of Madison Ballet Inc?
Madison Ballet Inc's revenue in 2022 was $1,598,503.
Official website here: www.madisonballet.org
Who are the executives of Madison Ballet Inc and what are their salaries?
The average compensation at Madison Ballet Inc during 2022 was $26,832. There are 28 employees and 60 volunteers at Madison Ballet Inc.
Here are 15 key members and their salaries (Madison Ballet Inc's CEO's salary is $87,792 and their total compensation is $92,477):
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- Compensation: $87,792
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- Other: $4,685
- Compensation: $47,411
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- Other: $2,238
Official website here: www.madisonballet.org
Where can I find the form 990 for Madison Ballet Inc?
Madison Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisonballet.org
Learn more at the official website: www.madisonballet.org
Mission Statement of Madison Ballet Inc
Madison Ballet Inc's mission is centered around promoting appreciation and accessibility of ballet. They achieve this by offering training and performing opportunities through professionally produced productions and educational initiatives. This is accomplished through three key pillars: the company/performances, the School of Madison Ballet, and outreach programs.
The company/performances provide invaluable experiences for both young dancers and professionals alike. Madison Ballet's critically acclaimed performances range from the beloved tradition of "The Nutcracker" to the innovative stun of contemporary works. Each performance is designed to inspire and delight every audience, making ballet not just an art form, but an experience that resonates with all.
The School of Madison Ballet is another essential pillar of Madison Ballet Inc's mission. This educational institution provides a comprehensive ballet training program, nurturing the talents of aspiring dancers. Through rigorous training, these dancers develop the skills and discipline necessary to excel in the world of ballet.
The outreach programs, the third pillar, extend Madison Ballet Inc's reach beyond the stage. These programs aim to bring the beauty and joy of ballet to a wider audience, breaking down barriers and making ballet more accessible to all. By doing so, Madison Ballet Inc is not just promoting ballet, but also fostering a deeper appreciation for this timeless art form.
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Impact
July, 2024
Madison Ballet Inc has a significant impact on the community through its commitment to promoting appreciation of and access to ballet. By providing training and performing opportunities through professionally produced productions and educational initiatives, Madison Ballet Inc plays a vital role in fostering a love for the arts and developing young dancers and professionals. The company's critically acclaimed performances, ranging from traditional favorites like "The Nutcracker" to innovative contemporary works, inspire and delight audiences while providing valuable experiences for all involved. Through its three pillars of company performances, the School of Madison Ballet, and outreach programs, Madison Ballet Inc enriches the cultural landscape of Madison, Wisconsin, and beyond.
This information is meant to be a general summary of Madison 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 2022.
- Investment Income: -$7,042
- Program Service Revenue: $557,344
- Gross Receipts: $1,622,727
Assets and Liabilities:
- Total Assets: $1,189,765
- Total Liabilities: $595,579
- Net Assets: $594,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREFORMANCE TICKETS AN
Revenue
$373,896
TUITION
Revenue
$180,698
OUTREACH
Revenue
$2,750
Organization Details
Founding Year
1981
Phone
(608) 278-7990Principal Officer
Matthew Ulrich
Main Address
6734 ODANA ROAD STE 1, MADISON, WI, 53719
Website
www.madisonballet.orgNTEE Category
Code: A62Z - Arts
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