Overview
What is Ballet Magnificat Inc?
Ballet Magnificat Inc is a distinguished nonprofit organization, established in Mississippi in 1986 and headquartered in the state capital, Jackson. Committed to spreading religious messages, this professional Christian ballet company incorporates dance as a medium to communicate the good news of Jesus Christ globally. With a strong foundation in the arts, Ballet Magnificat Inc utilizes its expertise to promote faith and inspire audiences worldwide.
Official website here: www.balletmagnificat.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Ballet Magnificat Inc has received a solid Three-Star rating, reflecting a strong emphasis on accountability and finance. The organization scored particularly well in several areas, including having a fully independent board and no material diversion of assets. These factors contribute positively to the overall financial health and governance structure of the nonprofit.
The organization demonstrates effective financial management, evidenced by a low liabilities-to-assets ratio and a good working capital ratio, indicating stability. Additionally, Ballet Magnificat allocates approximately 80% of its expenses towards programs, which suggests a strong commitment to its mission and the effective use of resources.
However, while the program expense ratio is commendable, the fundraising efficiency ratio indicates that there are no recorded fundraising expenses, which may warrant further investigation into how the organization supports its fundraising efforts. Overall, Ballet Magnificat appears to be a well-managed nonprofit with a focus on accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ballet Magnificat Inc?
90% of 688 reviewers on Facebook recommend Ballet Magnificat Inc. Here is a summary of their reviews:
Many supporters appreciate the organization's commitment to maintaining a high standard in the arts while emphasizing the importance of personal growth over perfection. They highlight the encouraging environment it fosters, where both performances and participants are celebrated for their efforts and progress. This positive atmosphere contributes to a feeling of community among dancers and audiences alike.
Overall, those who engage with Ballet Magnificat Inc express enthusiasm for its mission and programming. The nonprofit successfully cultivates a passion for dance while instilling values that resonate with many, making it a well-regarded choice for arts education and performance in the community.
This AI summary has been generated from reviews found on Facebook.
Is Ballet Magnificat Inc legitimate?
Ballet Magnificat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Magnificat 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: $177,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $530,849
For more financial information, click here
Official website here: www.balletmagnificat.com
What is the mission statement of Ballet Magnificat Inc?
Ballet Magnificat Inc serves as an arts organization with a mission to disseminate religious messages through the medium of ballet dancing. Established in 1986, this professional Christian ballet company is dedicated to sharing the good news of Jesus Christ globally. Their performances aim to reach a widespread audience, spreading religious beliefs through the captivating art form of ballet.
Official website here: www.balletmagnificat.com
Who is the CEO of Ballet Magnificat Inc?
Keith Thibodeaux is the President of Ballet Magnificat Inc.
Official website here: www.balletmagnificat.com
What is the revenue of Ballet Magnificat Inc?
Ballet Magnificat Inc's revenue in 2022 was $1,869,547.
Official website here: www.balletmagnificat.com
Who are the executives of Ballet Magnificat Inc and what are their salaries?
The average compensation at Ballet Magnificat Inc during 2022 was $15,744. There are 45 employees at Ballet Magnificat Inc.
Here are 7 key members and their salaries:
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $55,200
- Related: $0
- Other: $0
- Compensation: $21,600
- Related: $0
- Other: $0
- Compensation: $45,640
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.balletmagnificat.com
Where can I find the form 990 for Ballet Magnificat Inc?
Ballet Magnificat Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balletmagnificat.com
Learn more at the official website: www.balletmagnificat.com
Mission Statement of Ballet Magnificat Inc
Ballet Magnificat Inc, a renowned arts organization, is committed to promoting religion through the medium of ballet dancing. Primarily known as a professional Christian ballet company, its mission is to spread the message of Jesus Christ globally. Established in 1986 in Mississippi, Ballet Magnificat Inc has carved a niche for itself as a beacon of faith and artistic expression, located in the state capital, Jackson.
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Impact
July, 2024
Ballet Magnificat Inc's impact lies in its unique fusion of religion and ballet dancing to spread the message of Jesus Christ. Through their performances and outreach programs, they are reaching audiences with their powerful interpretation of faith and worship. The organization's dedication to promoting religion through the art of ballet has allowed them to touch the hearts and minds of many, offering a creative and engaging way to share the good news. Their presence in the arts community in Jackson, Mississippi, and beyond, highlights their commitment to utilizing the beauty and grace of ballet to convey spiritual truths.
This information is meant to be a general summary of Ballet Magnificat 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: -$6,654
- Program Service Revenue: $1,548,034
- Gross Receipts: $2,686,919
Assets and Liabilities:
- Total Assets: $2,044,965
- Total Liabilities: $9,858
- Net Assets: $2,035,107
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOP TUITION/FEES
Revenue
$840,165
PERFORMANCE INCOME
Revenue
$359,134
SCHOOL TUITION/FEES
Revenue
$348,735
Organization Details
Founding Year
1986
Phone
(601) 977-1001Principal Officer
Keith Thibodeaux
Main Address
5406 NORTH I-55, JACKSON, MS, 39211
Website
www.balletmagnificat.comNTEE Category
Code: A630 - Arts
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