Overview
What is Ballet Mississippi Inc?
Ballet Mississippi Inc, situated in Jackson, Mississippi, is a nonprofit organization with a mission to foster the appreciation and understanding of ballet and other dance forms. During the fiscal year 2021, approximately 3,000 patrons attended their performances, engaging in experiences like the beloved holiday classic "The Nutcracker." This production featured guest artists from the Memphis Ballet, Anwen Dawin and Dylan McIntyre. In an effort to reach a wider audience, Ballet Mississippi held events such as a free performance for City of Jackson employees, a casual evening performance for young professionals, and matinee performances for the general public. Due to COVID-19, school performances have been suspended. The organization, with a staff of eight individuals, continues to strive towards its objectives of delivering high-quality performances, honing the artistic and technical skills of students, and promoting dance appreciation through education, outreach, and audience development.
Official website here: www.balletms.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Ballet Mississippi Inc has received a Two-Star rating from Charity Navigator, indicating a mixed performance in their accountability and financial practices. The organization demonstrates strong governance, with 100% of its board members being independent and a comprehensive conflict of interest policy in place. Additionally, they maintain proper documentation of board meeting minutes and have established policies for whistleblowing and document retention.
Despite these strengths, Ballet Mississippi Inc's financial transparency raises concerns, as they did not provide financial statements, resulting in a low score for that component. Their liabilities to assets ratio is also relatively high at 66.65%, suggesting potential financial vulnerability. However, their program expense ratio is commendable at 69.52%, indicating a significant portion of their expenses goes directly toward programming, which is a positive aspect of their financial management.
Overall, while Ballet Mississippi Inc shows strong governance and effective program funding, the lack of financial transparency and high liabilities to assets ratio are limitations that potential donors may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Ballet Mississippi Inc legitimate?
Ballet Mississippi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Mississippi 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: $66,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,854
For more financial information, click here
Official website here: www.balletms.com
What is the mission statement of Ballet Mississippi Inc?
Ballet Mississippi Inc's mission is centered around promoting the study, understanding, and appreciation of ballet and other forms of dance. The organization continues to pursue its goals by providing quality performances, enhancing the artistic and technical proficiency of its students, and fostering an appreciation of dance through education, outreach, and audience development. Their activities include hosting performances for a wide range of audiences, such as the annual Nutcracker production, which offers an opportunity for people to celebrate the holiday season through ballet. Additionally, Ballet Mississippi Inc organizes events like a casual evening performance for young professionals and matinee performances for the general public. Unfortunately, due to COVID-19 issues, school performances have been suspended.
Official website here: www.balletms.com
Who is the CEO of Ballet Mississippi Inc?
David Keary is the President of Ballet Mississippi Inc.
Official website here: www.balletms.com
What is the revenue of Ballet Mississippi Inc?
Ballet Mississippi Inc's revenue in 2022 was $994,326.
Official website here: www.balletms.com
Who are the executives of Ballet Mississippi Inc and what are their salaries?
The average compensation at Ballet Mississippi Inc during 2022 was $30,626. There are 8 employees and 90 volunteers at Ballet Mississippi Inc.
Here are 16 key members and their salaries:
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Official website here: www.balletms.com
Where can I find the form 990 for Ballet Mississippi Inc?
Ballet Mississippi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balletms.com
Learn more at the official website: www.balletms.com
Mission Statement of Ballet Mississippi Inc
Ballet Mississippi Inc, a nonprofit organization, is dedicated to fostering an appreciation for ballet and various dance forms. Its primary objective is to provide high-quality performances, nurture the artistic and technical skills of its students, and promote dance education, outreach, and audience development. The organization strives to engage and captivate audiences through its captivating performances, as evidenced by the approximately 3,000 patrons who attended Ballet Mississippi Inc performances during the 2021 fiscal year.
One of the notable events organized by Ballet Mississippi Inc was the presentation of "The Nutcracker" in December, offering an opportunity for people across the Southeast to celebrate the holiday season while enjoying this classic ballet. Guest artists Anwen Dawin and Dylan McIntyre from the Memphis Ballet added an extra layer of allure to this production. Additionally, Ballet Mississippi Inc hosted a free performance for City of Jackson employees, a casual "Ballet, Blue Jeans, and Beer" event aimed at young professionals, and two matinee performances for the general public.
However, due to COVID-19 issues, school performances have been temporarily suspended. Despite these challenges, Ballet Mississippi Inc remains committed to its mission of promoting the study, understanding, and appreciation of ballet and other dance forms. The organization achieves this by offering a blend of captivating performances, student development, and educational outreach programs.
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Impact
July, 2024
Ballet Mississippi Inc's impact lies in promoting the study, understanding, and appreciation of ballet and other forms of dance. In FY2021, approximately 3,000 patrons attended Ballet Mississippi performances, including the iconic presentation of "The Nutcracker" during the holiday season. This production offered people throughout the Southeast the opportunity to celebrate and enjoy this ballet classic. Additionally, the organization hosted various events such as a free performance for City of Jackson employees, a casual evening performance called "Ballet, Blue Jeans, and Beer" targeting young professionals, and two matinee performances for the general public. Despite challenges like the suspension of school performances due to COVID-19, Ballet Mississippi remains committed to its mission of providing quality performances, developing artistic and technical proficiency of students, and fostering an appreciation of dance through education, outreach, and audience development.
This information is meant to be a general summary of Ballet Mississippi 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 2022.
- Investment Income: -$1,832
- Program Service Revenue: $382,121
- Gross Receipts: $996,303
Assets and Liabilities:
- Total Assets: $1,960,651
- Total Liabilities: $1,382,344
- Net Assets: $578,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL INCOME
Revenue
$203,870
PERFORMANCE INCOME
Revenue
$148,357
SALES - SUGAR PLUM AND
Revenue
$25,897
PROGRAM INCOME
Revenue
$3,997
Organization Details
Founding Year
1983
Phone
(601) 960-1560Principal Officer
David Keary
Main Address
PO BOX 1787, JACKSON, MS, 392151787
Website
www.balletms.comNTEE Category
Code: A63 - Arts
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