Overview
What is The Richmond Ballet?
The Richmond Ballet, a distinguished nonprofit institution based in Richmond, Virginia, is renowned for its professional dance performances and contributions to art education. As one of Virginia's leading dance organizations, it has garnered both national and international recognition. The ballet engages over 35,000 individuals annually in Richmond and its vicinity, offering a variety of productions, including full-length performances of "The Nutcracker" and "Firebird" with "Serenade." Additionally, the ballet conducts tours and lectures at schools across Virginia, reaching an estimated 25,000 students and over 1,000 community patrons. The mission of the Richmond Ballet is to awaken, uplift, and unite human spirits through dance. By embracing ballet as a versatile language of movement that transcends national and cultural boundaries, the ballet aims to broaden its reach to diverse artists, students, and audiences. The organization is committed to fostering inspiring performances, outstanding training, and meaningful community engagement. At the core of its mission, the Richmond Ballet strives to expand access to dance for the benefit of the entire community. It believes that the appreciation for arts experiences is universal and eternal, and engagement with the arts cultivates shared experiences that foster unity among individuals of diverse backgrounds. The ballet is dedicated to identifying and creating pathways to overcome barriers in access to these experiences for all members of the community, thus enriching the cultural landscape of Richmond, Virginia.
Official website here: www.richmondballet.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating on Charity Navigator)
The Richmond Ballet has achieved an impressive overall score of 98% on Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With a perfect score in Accountability & Finance, the organization demonstrates effective management of its resources, evidenced by a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its expenditures directly support its mission.
The nonprofit also excels in its governance, with 93% of its board members being independent, which fosters objectivity in decision-making. Additionally, the organization has robust policies in place to ensure ethical practices, such as a conflict of interest policy and whistleblower protections, further enhancing its integrity.
However, the Culture & Community score of 17% suggests there may be areas for improvement in engaging with and reflecting the communities it serves. Despite this, the feedback collection and usage score of 100 indicates that the organization values constituent input, which could lead to positive developments in their community engagement efforts. Overall, The Richmond Ballet exemplifies a well-managed nonprofit with strong financial practices and a dedication to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Richmond Ballet legitimate?
The Richmond Ballet is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Richmond Ballet 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: $515,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,479,725
For more financial information, click here
Official website here: www.richmondballet.com
What is the mission statement of The Richmond Ballet?
The Richmond Ballet's mission is to stir, elevate, and connect human spirits through the potent medium of dance. Committed to the evolution of ballet as a multifaceted language of motion transcending national and cultural boundaries, they strive to attract a more extensive array of artists, students, and spectators to encounter the enchantment of dance through captivating performances, exceptional training, and significant community engagement.
Through all its programs, the Richmond Ballet endeavors to expand access to dance, benefiting the entire community. At the core of their mission to awaken, uplift, and unite human spirits lies the belief that the craving and necessity for artistic experiences are both universal and eternal. Engagement with the arts fosters shared experiences that unite individuals from various backgrounds. The Richmond Ballet is dedicated to pinpointing and forging pathways to overcome barriers in access to these experiences for all members of the community.
Official website here: www.richmondballet.com
What is the revenue of The Richmond Ballet?
The Richmond Ballet's revenue in 2024 was $8,027,665.
Official website here: www.richmondballet.com
Who are the executives of The Richmond Ballet and what are their salaries?
The average compensation at The Richmond Ballet during 2024 was $24,813. There are 161 employees and 140 volunteers at The Richmond Ballet.
Here are 29 key members and their salaries:
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- Compensation: $116,053
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Official website here: www.richmondballet.com
Where can I find the form 990 for The Richmond Ballet?
The Richmond Ballet's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.richmondballet.com
Learn more at the official website: www.richmondballet.com
Mission Statement of The Richmond Ballet
The Richmond Ballet, a renowned organization dedicated to the art of dance, aspires to awaken, uplift, and unite human spirits through the captivating power of movement. Committed to the evolution of ballet as a versatile language that transcends national and cultural boundaries, the Richmond Ballet seeks to attract an increasingly diverse range of artists, students, and audiences to experience the enchantment of dance.
At the core of its mission, the Richmond Ballet is driven by the belief that the universal and eternal desire for arts experiences unites individuals of diverse backgrounds. Engaging with the arts fosters shared experiences that bridge societal divides. With this conviction, the Richmond Ballet strives to expand access to dance for the betterment of the entire community. Through its various programs, the organization aims to break down barriers and make these enriching experiences accessible to all members of society.
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Impact
July, 2024
The Richmond Ballet's impact is far-reaching and profound. Through their dedication to the evolution of ballet as a versatile language of movement that crosses national and cultural boundaries, they awaken, uplift, and unite human spirits through the power of dance. With outstanding training, inspiring performances, and meaningful community engagement, the Richmond Ballet reaches nearly 35,000 people in and around the Richmond, VA area through professional company performances. Additionally, their tours and lecture demonstrations at various schools and localities throughout Virginia reach nearly 25,000 students and over 1,000 community patrons. By striving to expand access to dance for the benefit of the entire community, the Richmond Ballet creates shared experiences that unite people of diverse backgrounds, embodying their mission to awaken, uplift, and unite human spirits through the arts.
This information is meant to be a general summary of The Richmond Ballet. 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: $218,901
- Program Service Revenue: $4,315,995
- Gross Receipts: $11,070,030
Assets and Liabilities:
- Total Assets: $10,853,342
- Total Liabilities: $667,498
- Net Assets: $10,185,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRODUCTION AND TOURS
Revenue
$2,784,752
SCHOOL TUITION
Revenue
$1,393,713
MINDS IN MOTION
Revenue
$137,530
Organization Details
Founding Year
1968
Principal Officer
Ma Cong
Website
www.richmondballet.comNTEE Category
Code: A630 - Arts
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