Overview
What is Kentucky Dance Council Inc?
Kentucky Dance Council Inc, operating under the name Louisville Ballet, is a vibrant nonprofit organization situated in Louisville, Kentucky. With a dedicated workforce of 89 individuals, their primary mission is to create captivating art that honors tradition, promotes innovation, and fosters lifelong learning. They strive to inspire connections and conversations within their community by forging bold collaborations, nurturing emerging artists, celebrating diversity, and ensuring accessibility for all. In 20XX, Louisville Ballet performed six productions, capturing the attention of over 32,000 audience members. Notably, they offered a free performance at Shakespeare in the Park, which further strengthened their connections with the local community. The organization's reach extends beyond the stage, as they seek to engage and empower their audience, fostering a profound sense of community.
Official website here: www.louisvilleballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
The Kentucky Dance Council Inc, operating as the Louisville Ballet, has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its overall financial health and accountability. Although the organization demonstrates strong governance with a fully independent board and solid financial oversight mechanisms, this rating suggests that there may be financial instability indicated by high liabilities relative to assets.
The organization excels in maintaining a high program expense ratio of 82.91% and an efficient fundraising ratio of $0.07, which are positive indicators of its focus on delivering programs effectively. However, the significant liabilities to assets ratio of 111.50% and a negative working capital ratio raise red flags about the financial sustainability of the organization. These factors could affect its ability to navigate financial challenges in the future.
Despite these limitations, the Louisville Ballet has implemented essential policies that support transparency and accountability, such as conflict of interest and whistleblower policies. Overall, while there are strengths in governance and program efficiency, the organization must address its financial challenges to improve its rating and sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Dance Council Inc legitimate?
Kentucky Dance Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Dance Council 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: $136,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,991,415
For more financial information, click here
Official website here: www.louisvilleballet.org
What is the mission statement of Kentucky Dance Council Inc?
The Kentucky Dance Council Inc, operating as Louisville Ballet, is dedicated to creating moving art that honors tradition while encouraging innovation and promoting lifelong learning. Their mission is to foster connections, stimulate conversations, and cultivate a profound sense of community through bold collaborations, nurturing the next generation of artists, celebrating diversity, and ensuring access for all. They strive to inspire and engage, using their performances to captivate audiences and contribute to the arts community.
Official website here: www.louisvilleballet.org
Who is the CEO of Kentucky Dance Council Inc?
Leslie Smart is the President of Kentucky Dance Council Inc. The CEO's salary of Kentucky Dance Council Inc is $0 and their total compensation is $0.
Official website here: www.louisvilleballet.org
What is the revenue of Kentucky Dance Council Inc?
Kentucky Dance Council Inc's revenue in 2023 was $5,065,999.
Official website here: www.louisvilleballet.org
Who are the executives of Kentucky Dance Council Inc and what are their salaries?
The average compensation at Kentucky Dance Council Inc during 2023 was $23,905. There are 89 employees and 152 volunteers at Kentucky Dance Council Inc.
Here are 30 key members and their salaries (Kentucky Dance Council Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.louisvilleballet.org
Where can I find the form 990 for Kentucky Dance Council Inc?
Kentucky Dance Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.louisvilleballet.org
Learn more at the official website: www.louisvilleballet.org
Mission Statement of Kentucky Dance Council Inc
Kentucky Dance Council Inc dba Louisville Ballet is dedicated to creating moving art that respects tradition while encouraging innovation and fostering lifelong learning. This nonprofit organization strives to inspire connection, conversation, and a profound sense of community by pursuing bold collaborations. It also focuses on nurturing the next generation of artists, celebrating diversity, and ensuring access for all. By doing so, Louisville Ballet aims to make a significant impact on the world of dance and the community at large.
The mission of Kentucky Dance Council Inc dba Louisville Ballet can be seen in its various activities and productions. The organization performed six productions, including a free performance at Shakespeare in the Park, which attracted over 32,000 attendees. This demonstrates Louisville Ballet's commitment to making dance accessible to a wide audience and fostering a sense of community through shared experiences.
In addition to its performances, Louisville Ballet strives to promote lifelong learning by nurturing the next generation of artists. The organization invests in the development of young dancers and choreographers, providing them with opportunities to grow and showcase their talents. By celebrating diversity, Louisville Ballet ensures that its productions reflect the rich tapestry of the human experience, making its art more relatable and inclusive for audiences.
In summary, Kentucky Dance Council Inc dba Louisville Ballet is a nonprofit organization that is dedicated to creating moving art that resonates with its audience. By respecting tradition, encouraging innovation, and fostering lifelong learning, Louisville Ballet inspires connection and conversation, nurtures the next generation of artists, celebrates diversity, and ensures access for all. Through its performances and community outreach, the organization has made a significant impact on the world of dance and the community at large.
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Impact
July, 2024
The impact of Kentucky Dance Council Inc Dba Louisville Ballet is truly profound. Through their dedication to making moving art that respects tradition, encourages innovation, and fosters lifelong learning, they inspire connection, conversation, and a profound sense of community. By striving for bold collaborations, nurturing the next generation of artists, celebrating diversity, and creating access for all, the Louisville Ballet is making significant contributions to the arts scene in Louisville and beyond. Their performances, including a free show at Shakespeare in the Park with over 32,000 attendees, showcase their commitment to engaging and enriching the community through dance.
This information is meant to be a general summary of Kentucky Dance Council 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: $3,082
- Program Service Revenue: $1,916,181
- Gross Receipts: $5,065,999
Assets and Liabilities:
- Total Assets: $4,228,728
- Total Liabilities: $4,715,106
- Net Assets: -$486,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$948,652
SCHOOL TUITION
Revenue
$888,839
COMMUNITY ENGAGEMENT
Revenue
$78,690
Organization Details
Founding Year
1950
Phone
(502) 583-3150Principal Officer
Leslie Smart
Main Address
315 EAST MAIN STREET, LOUISVILLE, KY, 40202
Website
www.louisvilleballet.orgNTEE Category
Code: A620 - Arts
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