Overview
What is First State Ballet Theatre Inc?
First State Ballet Theatre Inc, based in Wilmington, Delaware, is a renowned professional ballet company entering its 23rd season. This nonprofit organization serves the community extensively, engaging thousands of Delawareans annually through performances, their school, and outreach programs. The company's mission is to present captivating ballet performances, enrich the community, inspire future dancers and audiences, and connect local youth with a creative, inclusive dance experience. Their performing artists hail from various parts of the world, showcasing their talent in mainstage season performances at the Grand Opera House and various events across the state. With a dedicated workforce of 39 individuals, First State Ballet Theatre Inc continues to bring the beauty and excitement of professional ballet to audiences throughout Delaware.
Official website here: www.firststateballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
First State Ballet Theatre Inc has achieved an impressive overall rating of 94%, reflecting strong accountability and financial management. With a score of 96 in the Accountability & Finance category, the organization meets high standards in governance, including 80% of board members being independent and effective oversight demonstrated through an established audit committee.
The charity allocates a substantial portion of its expenses to program activities, boasting a program expense ratio of 89.63%. This indicates a strong commitment to its mission and efficient use of resources. The organization has also implemented various policies related to conflict of interest, whistleblower protections, and document retention, further enhancing its operational integrity.
However, the Culture & Community score of 73 suggests there may be opportunities for improvement in these areas. While the charity demonstrates solid financial practices, enhancing community engagement and equity strategies could further strengthen its impact and reputation in the community.
This AI summary has been generated from information found on Charity Navigator.
Is First State Ballet Theatre Inc legitimate?
First State Ballet Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First State Ballet Theatre 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: $132,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $337,098
For more financial information, click here
Official website here: www.firststateballet.org
What is the mission statement of First State Ballet Theatre Inc?
The mission of First State Ballet Theatre Inc is centered around presenting ballet to Delaware, enriching the community with live professional performances, and inspiring and educating dancers and future audiences. Their primary goal is to bring the beauty and excitement of professional ballet performances to audiences across Delaware. Furthermore, the organization provides superior ballet training and performance opportunities for aspiring Delaware dancers, while also aiming to educate the future dance audience of Delaware.
Official website here: www.firststateballet.org
What is the revenue of First State Ballet Theatre Inc?
First State Ballet Theatre Inc's revenue in 2023 was $1,147,516.
Official website here: www.firststateballet.org
Who are the executives of First State Ballet Theatre Inc and what are their salaries?
The average compensation at First State Ballet Theatre Inc during 2023 was $13,422. There are 35 employees and 52 volunteers at First State Ballet Theatre Inc.
Here are 13 key members and their salaries:
- Compensation: $56,960
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- Other: $9,752
- Compensation: $54,300
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- Other: $11,647
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Official website here: www.firststateballet.org
Where can I find the form 990 for First State Ballet Theatre Inc?
First State Ballet Theatre Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.firststateballet.org
Learn more at the official website: www.firststateballet.org
Mission Statement of First State Ballet Theatre Inc
First State Ballet Theatre Inc, a renowned organization, is dedicated to presenting ballet in an engaging manner to the Delaware community. Their mission is threefold: firstly, they aim to enrich the community by providing live, professional ballet performances. Secondly, they strive to inspire and educate aspiring dancers and future audiences through superior ballet training and performance opportunities. Lastly, they endeavor to connect local youth with a creative, inclusive movement experience, offering a broader perspective on dance.
In essence, First State Ballet Theatre Inc serves as a platform for both established and aspiring dancers, providing them with a stage to showcase their talents. Their mainstage season at the Grand Opera House draws performing artists from around the globe, offering Delaware audiences an exhilarating and diverse range of ballet performances. Beyond their mainstage season, they extend their reach to various parts of Delaware through their performances, school, and outreach programs, impacting thousands of Delawareans annually.
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Impact
July, 2024
First State Ballet Theatre Inc's impact is evident through its mission to bring the beauty and excitement of professional ballet performances to audiences throughout Delaware. As the state's only professional ballet company, First State Ballet Theatre enriches the community with live professional performances, inspires and educates dancers and audiences of the future, and connects local youth with a creative, inclusive movement experience. Through its performances, school, and outreach programs, First State Ballet Theatre serves thousands of Delawareans each year, showcasing the talents of performing artists from around the world in its mainstage season at the Grand Opera House and other venues statewide. This organization's dedication to promoting ballet and fostering artistic development contributes significantly to the cultural vitality of Delaware.
This information is meant to be a general summary of First State Ballet Theatre 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 2023.
- Investment Income: $5,669
- Program Service Revenue: $405,572
- Gross Receipts: $1,151,129
Assets and Liabilities:
- Total Assets: $686,022
- Total Liabilities: $0
- Net Assets: $686,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DANCE SCHOOL
Revenue
$224,729
PERFORMANCES
Revenue
$180,843
Organization Details
Founding Year
2000
Principal Officer
Peter Zoltowski
Website
www.firststateballet.orgNTEE Category
Code: A63 - Arts
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