Overview
What is Metropolitan Ballet Theatre Inc?
Metropolitan Ballet Theatre Inc, located at 220 Perry Parkway 8, Gaithersburg, MD 20877, is a dedicated nonprofit organization that provides comprehensive dance education. Serving both professional and beginner students, the theater offers a nurturing environment for various dance styles such as ballet, jazz, and more. Regardless of body size, technical ability, or physical limitations, every student receives the same high-quality instruction. Beyond dance education, Metropolitan Ballet Theatre Inc is committed to providing arts opportunities through community outreach and inspiring performances, aiming to reach a wide audience. With a team of 42 employees, this organization strives to make dance accessible to all.
Official website here: www.mbtdance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Metropolitan Ballet Theatre Inc has a mixed performance in terms of accountability and financial health. While the organization boasts a high percentage of independent board members and has received perfect scores for its financial audit and lack of asset diversion, it falls short in several key areas such as the absence of a whistleblower policy and document retention guidelines. These missing elements could raise concerns about governance practices.
Financially, the organization shows a solid program expense ratio of 87.57%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. However, the liabilities to assets ratio of 70.98% suggests potential financial strain, which may limit its operational flexibility. Overall, while there are strengths in governance and program spending, there are notable concerns regarding missing policies and financial health that stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Ballet Theatre Inc legitimate?
Metropolitan Ballet Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan 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: $147,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,821
For more financial information, click here
Official website here: www.mbtdance.org
What is the mission statement of Metropolitan Ballet Theatre Inc?
Metropolitan Ballet Theatre Inc's mission is centered around providing artistic opportunities for all, achieved through exceptional dance education, community outreach, and inspiring performances. They offer a wide range of dance education, including ballet, jazz, and other dance forms, to professional, pre-professional, and beginning students. This education is delivered in a caring and nurturing environment, ensuring high-quality instruction for all students, regardless of their body size, technical ability, or physical limitations. The theatre also engages in community outreach and presents inspiring performances to promote the love for dance and arts.
Official website here: www.mbtdance.org
Who is the CEO of Metropolitan Ballet Theatre Inc?
Elizabeth Odell Catlett is the Artistic Director of Metropolitan Ballet Theatre Inc.
Official website here: www.mbtdance.org
What is the revenue of Metropolitan Ballet Theatre Inc?
Metropolitan Ballet Theatre Inc's revenue in 2022 was $1,037,933.
Official website here: www.mbtdance.org
Who are the executives of Metropolitan Ballet Theatre Inc and what are their salaries?
The average compensation at Metropolitan Ballet Theatre Inc during 2022 was $13,018. There are 42 employees and 350 volunteers at Metropolitan Ballet Theatre Inc.
Here are 10 key members and their salaries:
- Compensation: $87,725
- Related: $0
- Other: $614
- Compensation: $60,217
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- Other: $153
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- Other: $0
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- Other: $0
Official website here: www.mbtdance.org
Where can I find the form 990 for Metropolitan Ballet Theatre Inc?
Metropolitan Ballet Theatre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbtdance.org
Learn more at the official website: www.mbtdance.org
Mission Statement of Metropolitan Ballet Theatre Inc
Metropolitan Ballet Theatre Inc, a renowned organization, is committed to providing ample artistic opportunities for all. This is achieved through exceptional dance education, comprehensive community outreach, and inspiring performances. Their mission is to foster an inclusive environment where individuals, irrespective of their technical ability, body size, or physical limitations, can engage in various dance forms such as ballet and jazz. The organization offers professional dance education to both recreational and aspiring professional dancers, ensuring that each student receives the same high-quality instruction. This dedication to equal opportunities and excellence in dance education is a testament to Metropolitan Ballet Theatre Inc's unwavering mission to make the arts accessible to all.
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Impact
July, 2024
Metropolitan Ballet Theatre Inc makes a significant impact by providing arts opportunities for all through exceptional dance education, community outreach, and inspiring performances. Through its academic year and summer programs, MBT offers professional, individualized dance education to students of all levels in a caring and nurturing environment. Regardless of body size, technical ability, or physical limitation, MBT ensures that all students receive high-quality dance instruction. This commitment to inclusivity and excellence in dance education helps students develop their skills, pursue their passion for dance, and experience the transformative power of the arts.
This information is meant to be a general summary of Metropolitan 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 2022.
- Investment Income: $395
- Program Service Revenue: $877,581
- Gross Receipts: $1,056,246
Assets and Liabilities:
- Total Assets: $2,149,579
- Total Liabilities: $1,903,513
- Net Assets: $246,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$588,316
PRODUCTION INCOME
Revenue
$145,403
SUMMER PROGRAM
Revenue
$143,242
Organization Details
Founding Year
1989
Phone
(301) 762-1757Principal Officer
Elizabeth Odell Catlett
Main Address
220 PERRY PARKWAY 8, GAITHERSBURG, MD, 20877
Website
www.mbtdance.orgNTEE Category
Code: B99Z - Education
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