Ballet Quad Cities

Charity Navigator Rating: 84%, Three-Star out of Four Star rating. The 84% score indicates that Ballet Quad Cities is performing well in terms of financial accountability and transparency, earning a solid Three-Star rating. This rating reflects a commitment to effective financial management and governance practices, which are crucial for maintaining donor trust and ensuring the nonprofit's longevity.

The organization demonstrates strengths in several key areas, including a fully independent board, with 100% of its members meeting this criterion. Additionally, Ballet Quad Cities showcases a high program expense ratio of 85.50%, indicating that a significant portion of its expenditures is directed towards its core mission rather than administrative costs. The financial statements have also been positively assessed, with comprehensive auditing and oversight in place.

However, the nonprofit does have some areas needing improvement. Notably, it lacks essential governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which received no points in the evaluation. Furthermore, the nonprofit has not posted its tax form on its website, which could hinder transparency. Addressing these limitations could enhance the organization's accountability and overall rating in the future.

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

Ballet Quad Cities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Quad Cities 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: $71,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,754

For more financial information, click here

Official website here: www.balletquadcities.com