Overview
What is The Universal Ballet Foundation?
The Universal Ballet Foundation, formerly known as the Kirov Academy of Ballet of Washington DC, is a nonprofit organization located at 220 White Plains Road, Tarrytown, NY 10591. Their mission is to discover, nurture, and educate gifted ballet students. Despite facing financial challenges, the 2021-2022 academic year was productive and successful. The organization prioritized assisting students in finding new schools, ballet companies, or careers, offering scholarships for auditions and competitions. The ballet department showcased impressive achievements, with students winning awards in regional competitions and performing at the Spring Gala. The music program provided masterclasses and performance opportunities, while the academic department utilized Edgenuity and employed counselors for students' professional and personal growth. The residence life department ensured students' well-being with daily activities and specialized care, and the wellness department provided healthcare services and adhered to COVID-19 guidelines. After concluding the Kirov Academy, the Foundation's assets were transferred to the Universal Peace Federation to continue promoting education and the arts.
Official website here: www.kirovacademydc.org
What are the reviews and ratings of this charity?
The Universal Ballet Foundation has received a Three-Star out of Four Star rating from Charity Navigator, with a score of 81%. This rating indicates that the organization demonstrates good financial health and accountability practices, which are essential for transparency and trustworthiness in nonprofit operations.
One of the notable strengths of the Universal Ballet Foundation is its high program expense ratio of 88.48%, suggesting that a significant portion of its funds is directed towards its mission rather than administrative costs. The charity also boasts a fully independent board, a solid conflict of interest policy, and comprehensive financial documentation practices, all contributing to its accountability.
While the organization shows strong financial management and governance, there are no specific limitations or concerns highlighted in the data provided. Overall, the Universal Ballet Foundation appears to operate effectively within its mission and maintains a solid standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Universal Ballet Foundation legitimate?
The Universal Ballet Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Universal Ballet Foundation 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: $176,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,518,850
For more financial information, click here
Official website here: www.kirovacademydc.org
What is the mission statement of The Universal Ballet Foundation?
The Universal Ballet Foundation is dedicated to discovering and nurturing talented ballet students by providing them with quality education and training. During the final school year, despite financial challenges, the foundation prioritized the well-being of its students and facilitated their transition to new educational institutions or ballet companies. Ballet students excelled in competitions, with numerous first, second, and third place finishes in classical and contemporary categories. The music department offered enriching experiences through masterclasses and performances. In the academic department, Edgenuity integration expanded educational opportunities and personalized guidance was provided for students' professional and psychological development. The residence life department ensured students' well-being with round-the-clock care and engaging activities. The wellness department maintained access to healthcare and followed COVID-19 protocols. After the closure of the Kirov Academy, the foundation's assets were transferred to the Universal Peace Federation, which continues the mission of promoting education and the arts.
Official website here: www.kirovacademydc.org
What is the revenue of The Universal Ballet Foundation?
The Universal Ballet Foundation's revenue in 2022 was $12,642,868.
Official website here: www.kirovacademydc.org
Who are the executives of The Universal Ballet Foundation and what are their salaries?
The average compensation at The Universal Ballet Foundation during 2022 was $19,951. There are 85 employees at The Universal Ballet Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $100,217
- Related: $0
- Other: $8,507
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $61,370
- Related: $0
- Other: $6,850
Official website here: www.kirovacademydc.org
Where can I find the form 990 for The Universal Ballet Foundation?
The Universal Ballet Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kirovacademydc.org
Learn more at the official website: www.kirovacademydc.org
Mission Statement of The Universal Ballet Foundation
The Universal Ballet Foundation, a non-profit organization, is dedicated to discovering, nurturing, and educating exceptional students in the realm of ballet artistry. This esteemed institution's mission revolves around finding talented individuals and providing them with the necessary training and education to flourish in the world of ballet.
During the final year of operations, the Kirov Academy, an integral part of The Universal Ballet Foundation, experienced significant achievements. Despite financial challenges leading to its closure in May 2022, the academy prioritized the well-being of its students throughout the academic year. In the face of uncertainty, the foundation's board granted scholarships for ballet students to participate in auditions and competitions to help them secure their future in dance. As a result, the vast majority of ballet students successfully transferred to various schools and ballet companies, including The Washington Ballet.
The Kirov Academy's ballet students shone at numerous regional competitions, securing top placements in classical and contemporary categories. The faculty received recognition with the Outstanding Faculty Award at the New York City YAGP competition. Three students were fortunate enough to attend the prestigious Helsinki International Ballet Competition. The students put on a successful performance at the Spring Gala, demonstrating their mastery of various classical and contemporary works.
The music program offered by The Universal Ballet Foundation provided diverse performing opportunities, such as a beneficiary concert with the DC String Orchestra and top-notch masterclasses with renowned musicians. The academic department integrated Edgenuity into the program, allowing students to choose from a broad range of classes and accommodating the unique circumstances of the academy. With the addition of two counselors, students received tailored guidance on their professional and psychological growth.
The residence life department ensured the well-being of resident students 24/7. The kitchen staff catered to their nutritional needs, and when students fell ill, they received special care and meals. Daily activities such as arts and crafts, table games, cooking classes, and parties kept students engaged and entertained.
The wellness department maintained an on-campus nurse and physical therapist, providing students with easy access to healthcare services. In adherence to COVID-19 guidelines, the academy conducted weekly testing and executed quarantine protocols for positive cases. The electronic health system, Magnus, continued to document student conditions, and the organization maintained its relationship with Montgomery Sports Medicine Center as its orthopedic consultant.
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Impact
October, 2024
The Universal Ballet Foundation (UBF) had a significant impact on nurturing the artistic potential of aspiring ballet dancers and musicians. By prioritizing the education and training of students, UBF played a crucial role in preparing them for successful futures in the arts. Despite facing the financial challenges that led to the closure of the Kirov Academy in May 2022, the foundation successfully facilitated the transition of students to new educational institutions and professional ballet companies, helping them continue their artistic journeys.
Throughout its final year, UBF supported students in various prestigious competitions, resulting in notable achievements. Ballet students excelled in regional competitions and gained recognition at the New York City Youth American Grand Prix (YAGP), which bolstered their exposure and opportunities within the ballet community. Additionally, the music program provided enriching experiences, including masterclasses with celebrated musicians, enhancing the overall educational environment.
Beyond academics and the arts, UBF focused on the well-being of its students. With dedicated wellness and residential life support, students received tailored guidance, healthcare access, and a nurturing environment as they navigated their artistic and personal development. The foundation's commitment to the holistic growth of its students ensured they were not only prepared for their careers but also equipped to handle life's challenges.
Even after its dissolution, the UBF's mission to promote education in the arts continues through the Universal Peace Federation, allowing its legacy of fostering artistic talent to endure.
This information is meant to be a general summary of The Universal Ballet Foundation. 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: $617
- Program Service Revenue: $1,967,856
- Gross Receipts: $24,571,721
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Income
Revenue
$1,864,924
Fee Income
Revenue
$56,280
Sales & Performance Inc.
Revenue
$46,652
Organization Details
Founding Year
1986
Principal Officer
Jin Lee
Website
www.kirovacademydc.orgNTEE Category
Code: A6E0 - Arts
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