Overview
What is Miami City Ballet Inc?
Miami City Ballet Inc, based in Miami Beach, Florida, is a renowned nonprofit organization dedicated to presenting ballet performances and community educational programs to the public. In FY 2023, they introduced three world premieres, Sentimiento by Durante Verzola, Resplendent Fantasy by Amy Hall Garner, and Petrichor by Pontus Lidberg, as well as two company premieres, Martha Graham's Diversion of Angels and Jerome Robbins's Antique Epigraphs, to their already impressive catalog of new works. Miami City Ballet School enrolled 837 students in training programs, awarding 572,110 in scholarships to 124 students. The organization's community engagement initiatives served 12,233 people. With a mission to produce and present high-level dance performances throughout Florida, the United States, and abroad; train young aspiring dancers; and develop Miami City Ballet School into a leader of dance education, they employed a total of 413 individuals.
Official website here: www.miamicityballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Miami City Ballet Inc has achieved a high rating of 97% from Charity Navigator, reflecting its strong accountability and financial management practices. The organization has demonstrated transparency and effective governance, evidenced by the presence of a fully independent board and robust oversight mechanisms, indicating that it takes its responsibilities seriously.
The nonprofit excels in its financial ratios, showcasing a program expense ratio of nearly 79%, which indicates a significant portion of its budget is directed towards its programs rather than administrative costs. Additionally, its fundraising efficiency is commendable, with only $0.13 spent to raise each dollar, highlighting its effectiveness in generating support for its mission while maintaining financial health.
While the ratings reflect a well-managed organization, potential supporters can feel confident in Miami City Ballet's commitment to accountability and its efficient use of resources. There are no noted limitations in the provided data, positioning the ballet company as a trustworthy entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Miami City Ballet Inc legitimate?
Miami City Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami City Ballet 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: $2,227,217
Professional Fundraising Fees: $79,866
Other Salaries and Wages: $7,707,222
For more financial information, click here
Official website here: www.miamicityballet.org
What is the mission statement of Miami City Ballet Inc?
Miami City Ballet Inc strives to bring the highest level of dance performances to Florida, the US, and abroad. Their mission includes training young aspiring dancers and developing their school into a leading dance education institution. In the past year, they added three world premieres and two company premieres to their impressive repertoire. They enrolled 837 students in their training programs, granting them a total of 572,110 in scholarships. Furthermore, their community engagement initiatives reached approximately 86,964 people through virtual programming.
Official website here: www.miamicityballet.org
Who is the CEO of Miami City Ballet Inc?
Lourdes Lopez is the Artistic Dir of Miami City Ballet Inc.
Official website here: www.miamicityballet.org
What is the revenue of Miami City Ballet Inc?
Miami City Ballet Inc's revenue in 2023 was $23,913,292.
Official website here: www.miamicityballet.org
Who are the executives of Miami City Ballet Inc and what are their salaries?
The average compensation at Miami City Ballet Inc during 2023 was $24,054. There are 413 employees and 45 volunteers at Miami City Ballet Inc.
Here are 52 key members and their salaries:
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- Other: $50,830
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- Compensation: $206,861
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- Compensation: $113,494
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- Other: $5,639
Official website here: www.miamicityballet.org
Where can I find the form 990 for Miami City Ballet Inc?
Miami City Ballet Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.miamicityballet.org
Learn more at the official website: www.miamicityballet.org
Mission Statement of Miami City Ballet Inc
Miami City Ballet, a renowned dance organization, is dedicated to producing and presenting superior ballet performances for audiences across Florida, the United States, and beyond. The company's mission extends beyond the stage, as it also aims to train the next generation of young dancers and develop Miami City Ballet School into a leading institution for dance education.
In the realm of dance performance, Miami City Ballet brings awe-inspiring productions to life, featuring an impressive catalog of new works from pioneering voices in the dance world. The company's repertoire grew in FY 2023 with the addition of three world premieres and two company premieres, showcasing the versatility and innovation of contemporary ballet.
Miami City Ballet's commitment to education is evident through its robust training programs, which welcomed 837 students in FY 2023. The organization awarded an impressive 572,110 in scholarships to 124 students, providing opportunities for aspiring dancers to hone their skills and pursue their passions. The organization's community engagement initiatives further expand its reach, serving approximately 86,964 people through virtual programming.
Through its dance performances and educational programs, Miami City Ballet captivates audiences and inspires the next generation of dancers, cementing its place as a leader in the world of dance.
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Impact
October, 2024
Miami City Ballet Inc has a profound impact on the cultural landscape of Miami Beach and beyond. In FY 2023, the ballet company expanded its repertoire with three world premieres, showcasing innovative works like Durante Verzola's "Sentimiento" and Amy Hall Garner's "Resplendent Fantasy." Additionally, the inclusion of company premieres such as Martha Graham's "Diversion of Angels" and Jerome Robbins's "Antique Epigraphs" highlights its commitment to presenting significant contributions from pioneering voices in the dance world.
The Miami City Ballet School plays a crucial role in nurturing young talent, enrolling 837 students in its training programs and awarding substantial scholarships exceeding $572,000 to 124 students, making dance education accessible to a diverse demographic.
Moreover, the ballet's community engagement initiatives reach an impressive audience, serving over 12,200 individuals and impacting approximately 86,964 people through its virtual programming. This commitment not only enriches the local arts scene but also cultivates a love for dance among community members, reinforcing Miami City Ballet's mission to elevate the art form both regionally and nationally.
This information is meant to be a general summary of Miami City Ballet 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: $50,809
- Program Service Revenue: $8,429,876
- Gross Receipts: $24,559,289
Assets and Liabilities:
- Total Assets: $69,380,283
- Total Liabilities: $6,919,482
- Net Assets: $62,460,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUES
Revenue
$6,396,708
DANCE SCHOOL
Revenue
$2,018,728
FACILITY RENTAL
Revenue
$14,440
Organization Details
Founding Year
1985
Phone
(305) 929-7000Principal Officer
Lourdes Lopez
Main Address
2200 LIBERTY AVENUE, MIAMI BEACH, FL, 33139
Website
www.miamicityballet.orgNTEE Category
Code: A630 - Arts
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