Overview
What is Ballet Memphis Corporation?
Ballet Memphis Corporation is a nonprofit organization whose primary purpose is to harness the inspiring influence of Ballet, dance, and movement. Located in Memphis, they strive to positively impact all they engage with. Their mission involves comprehending and leveraging the motivational potential of these art forms to foster goodwill. However, further details about their activities, such as specific programs, events, or initiatives, are not provided in the given information.
Official website here: www.balletmemphis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Ballet Memphis Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels with a score of 91 in this area, demonstrating effective governance with a fully independent board and robust financial oversight practices. Its commitment to transparency is highlighted by the presence of essential policies like conflict of interest and whistleblower protections.
In terms of financial health, Ballet Memphis maintains a low liabilities-to-assets ratio of 1.67%, indicating a solid financial footing. Additionally, the program expense ratio of 68.95% shows that a significant majority of its expenditures are directed towards its core mission, which is essential for donor confidence and effective program delivery.
While the organization scores lower in the culture and community category, with a score of 77, the overall ratings suggest a well-managed nonprofit that prioritizes accountability and financial health, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Ballet Memphis Corporation legitimate?
Ballet Memphis Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Memphis Corporation 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: $325,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,206,900
For more financial information, click here
Official website here: www.balletmemphis.org
What is the mission statement of Ballet Memphis Corporation?
Ballet Memphis Corporation's mission is centered around understanding and harnessing the inspiring potential of Ballet, dance, and movement. Their objective is to utilize these elements for the betterment of all individuals they interact with. The corporation's mission aims to release the positive influence of these artistic forms, benefiting everyone they engage with.
Official website here: www.balletmemphis.org
Who is the CEO of Ballet Memphis Corporation?
Carol Miraglia is the Chair of Ballet Memphis Corporation. The CEO's salary of Ballet Memphis Corporation is $193,269 and their total compensation is $193,373.
Official website here: www.balletmemphis.org
What is the revenue of Ballet Memphis Corporation?
Ballet Memphis Corporation's revenue in 2022 was $4,251,856.
Official website here: www.balletmemphis.org
Who are the executives of Ballet Memphis Corporation and what are their salaries?
The average compensation at Ballet Memphis Corporation during 2022 was $27,859. There are 55 employees and 45 volunteers at Ballet Memphis Corporation.
Here are 19 key members and their salaries (Ballet Memphis Corporation's CEO's salary is $193,269 and their total compensation is $193,373):
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- Compensation: $131,891
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- Compensation: $193,269
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Official website here: www.balletmemphis.org
Where can I find the form 990 for Ballet Memphis Corporation?
Ballet Memphis Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balletmemphis.org
Learn more at the official website: www.balletmemphis.org
Mission Statement of Ballet Memphis Corporation
Ballet Memphis Corporation, a renowned nonprofit organization, is committed to unearthing and harnessing the motivational force inherent in Ballet, dance, and movement for the benefit of all those it reaches. Their mission is centered around the idea of comprehending and liberating this inspiring energy, aiming to positively impact everyone they engage with.
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Impact
July, 2024
Ballet Memphis Corporation's impact lies in its mission of understanding and harnessing the inspiring power of ballet, dance, and movement for the benefit of all those it serves. Through its artistry and dedication to the community, Ballet Memphis enriches lives, promotes cultural appreciation, and fosters creativity among its audience and participants. As a leading artistic institution in Memphis, Tennessee, Ballet Memphis Corporation's influence extends beyond the stage, shaping the arts landscape and contributing to the well-being of individuals by spreading the joy and beauty of dance.
This information is meant to be a general summary of Ballet Memphis Corporation. 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: $468,205
- Program Service Revenue: $1,040,458
- Gross Receipts: $4,259,691
Assets and Liabilities:
- Total Assets: $34,630,248
- Total Liabilities: $179,823
- Net Assets: $34,450,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASS FEES
Revenue
$638,893
TICKET SALES
Revenue
$399,065
TOURS/PERFORMANCES
Revenue
$2,500
Organization Details
Founding Year
1979
Phone
(901) 737-7322Principal Officer
Carol Miraglia
Main Address
2144 MADISON AVENUE, MEMPHIS, TN, 38104
Website
www.balletmemphis.orgNTEE Category
Code: A630 - Arts
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