Overview
What is The Sarasota Cuban Ballet School Inc?
The Sarasota Cuban Ballet School Inc, located at 4740 Cattlemen Road, Sarasota, Florida, is a vibrant nonprofit organization. Its primary mission is to foster global understanding by educating a diverse group of students in the Cuban ballet style. The school provides scholarships to talented students in financial need, promoting accessibility to this unique art form. Furthermore, it enriches the local community by offering diverse cultural performances and extends its reach to schools and civic organizations through educational programs and performances. With a dedicated workforce of 5 individuals, the Sarasota Cuban Ballet School Inc serves as a beacon for cultural exchange and artistic development.
Official website here: www.srqcubanballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Sarasota Cuban Ballet School Inc has received a rating of 65%, indicating that it has room for improvement in its overall performance. While the organization excels in areas such as having 100% independent board members and demonstrating strong practices in feedback collection and usage, its accountability and finance score of 61 raises concerns. The liabilities to assets ratio is notably high at 71.11%, which may suggest potential financial sustainability issues.
On a positive note, the organization has a solid program expense ratio of 66.09%, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs. Additionally, it has effective policies in place, such as conflict of interest and whistleblower policies, which contribute to a transparent governance structure. The high score in culture and community (85) reflects its commitment to engaging with its audience and fostering positive relations.
Despite these strengths, the organization faces challenges in its financial management, as indicated by the liabilities to assets ratio, which could affect its long-term viability. Continued focus on enhancing financial accountability may help improve its overall rating and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is The Sarasota Cuban Ballet School Inc legitimate?
The Sarasota Cuban Ballet School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sarasota Cuban Ballet School 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: $115,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,540
For more financial information, click here
Official website here: www.srqcubanballet.org
What is the mission statement of The Sarasota Cuban Ballet School Inc?
The Sarasota Cuban Ballet School Inc's mission is centered around fostering global understanding. They achieve this by providing training in the Cuban ballet style to a diverse group of students, offering scholarships to talented individuals in financial need, and presenting a variety of cultural performances within their community. Furthermore, the school brings educational programs and performances to schools and civic organizations. This organization also extends its reach by providing opportunities for young, talented individuals from around the world to participate in a summer intensive program with the goal of becoming professional dancers.
Official website here: www.srqcubanballet.org
What is the revenue of The Sarasota Cuban Ballet School Inc?
The Sarasota Cuban Ballet School Inc's revenue in 2024 was $932,018.
Official website here: www.srqcubanballet.org
Who are the executives of The Sarasota Cuban Ballet School Inc and what are their salaries?
The average compensation at The Sarasota Cuban Ballet School Inc during 2024 was $52,589. There are 8 employees and 10 volunteers at The Sarasota Cuban Ballet School Inc.
Here are 11 key members and their salaries:
- Compensation: $55,542
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- Other: $0
- Compensation: $55,541
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.srqcubanballet.org
Where can I find the form 990 for The Sarasota Cuban Ballet School Inc?
The Sarasota Cuban Ballet School Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.srqcubanballet.org
Learn more at the official website: www.srqcubanballet.org
Mission Statement of The Sarasota Cuban Ballet School Inc
The Sarasota Cuban Ballet School Inc is committed to fostering global understanding by training a diverse group of students in the Cuban ballet style. This mission is accomplished through several avenues. Firstly, the organization offers scholarships to talented students in financial need, providing them with an opportunity to hone their skills in the art of ballet. Secondly, The Sarasota Cuban Ballet School Inc contributes to cultural diversity by presenting performances in the community, showcasing the captivating Cuban ballet style. Lastly, the institution extends its reach further by bringing educational programs and performances to schools and civic organizations, thereby promoting cultural exchange and understanding.
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Impact
July, 2024
The impact of The Sarasota Cuban Ballet School Inc is significant in fostering global understanding through training a diverse group of students in the Cuban ballet style. By providing scholarships to talented students in financial need and offering diversity in cultural performances in the community, the school plays a crucial role in promoting inclusivity and access to the arts. Additionally, by bringing educational programs and performances to schools and civic organizations, the school expands its reach and influences a wider audience. The Summer Intensive Program organized by the school brings together young people from all over the world, showcasing their talent and dedication to become professional dancers, thus contributing to the growth of the arts and cultural exchange on a global scale. The school's mission to promote global understanding through the Cuban ballet style aligns with its commitment to enriching communities and nurturing the next generation of dancers.
This information is meant to be a general summary of The Sarasota Cuban Ballet School 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: $7,036
- Program Service Revenue: $529,046
- Gross Receipts: $936,405
Assets and Liabilities:
- Total Assets: $335,930
- Total Liabilities: $19,208
- Net Assets: $316,722
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$235,480
TICKET SALES
Revenue
$115,972
SUMMER INTENSIVE
Revenue
$106,704
HOUSING
Revenue
$70,890
Organization Details
Founding Year
2011
Principal Officer
Wilmian Hernandez
Website
www.srqcubanballet.orgNTEE Category
Code: A62 - Arts
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