Overview
What is Ballet Co-Laboratory?
Ballet Co-Laboratory, based in Saint Paul, Minnesota, is a nonprofit organization with a strong commitment to ballet education and community engagement. For the past four years, they have been running a pre-professional ballet training program, catering to students across six levels of varying skills. Over 90 students have successfully completed a full year's training with Ballet Co-Laboratory, and the organization also offers a drop-in program for more advanced students, both amateur and professional. The primary mission of Ballet Co-Laboratory is to enrich the community through ballet-inspired performances, education, and collaboration. They strive to honor the classical foundations of ballet while pushing the art form forward by fostering partnerships and promoting equity, currently employing a team of 19 individuals.
Official website here: www.balletcolaboratory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Ballet Co-Laboratory has received a score of 56%, resulting in a One-Star rating from Charity Navigator. This score indicates significant concerns regarding the organization's financial accountability and overall effectiveness. While the organization has a solid governance structure, including an independent board and policies for conflict of interest and whistleblower protections, the financial metrics raise flags about sustainability.
The strengths of Ballet Co-Laboratory include full marks for having a majority of independent board members and effective policy implementation, such as document retention and board meeting minutes documentation. However, the organization struggles with its financial health, specifically reflected in its liabilities to assets ratio, which scored zero points. This suggests a potentially precarious financial situation that could impact future operations and program delivery.
Additionally, the program expense ratio is relatively low at 15 out of 25 points, indicating that a smaller portion of their resources is being allocated to direct program services. This could lessen the overall impact of the organization’s mission and may be a concern for potential donors and supporters looking for effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Ballet Co-Laboratory legitimate?
Ballet Co-Laboratory is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballet Co-Laboratory 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: $121,482
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,045
For more financial information, click here
Official website here: www.balletcolaboratory.org
What is the mission statement of Ballet Co-Laboratory?
Ballet Co-Laboratory's mission is centered around enriching the community through education, performances, and collaboration, all inspired by the art of ballet. The organization upholds the principles of classical ballet while pushing the boundaries of the art form by fostering collaboration and advocating for equity. In its fourth year of operation, Ballet Co-Laboratory has been providing a comprehensive pre-professional training program across six levels, catering to over 90 students. The organization also offers a drop-in program for more advanced and adult students, attracting about 80 regular participants, both amateur and professional.
Official website here: www.balletcolaboratory.org
Who is the CEO of Ballet Co-Laboratory?
Rachel Koep is the Managing Director of Ballet Co-Laboratory.
Official website here: www.balletcolaboratory.org
What is the revenue of Ballet Co-Laboratory?
Ballet Co-Laboratory's revenue in 2022 was $575,525.
Official website here: www.balletcolaboratory.org
Who are the executives of Ballet Co-Laboratory and what are their salaries?
The average compensation at Ballet Co-Laboratory during 2022 was $19,396. There are 19 employees and 75 volunteers at Ballet Co-Laboratory.
Here are 7 key members and their salaries:
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- Compensation: $79,482
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- Compensation: $42,000
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Official website here: www.balletcolaboratory.org
Where can I find the form 990 for Ballet Co-Laboratory?
Ballet Co-Laboratory's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balletcolaboratory.org
Learn more at the official website: www.balletcolaboratory.org
Mission Statement of Ballet Co-Laboratory
Ballet Co-Laboratory, a renowned organization, is dedicated to enriching its community through education, performance, and collaboration, all inspired by the art of ballet. At its core, the nonprofit honors the traditional foundations of classical ballet while simultaneously pushing the boundaries of the art form by engaging with its community and advocating for equity.
Ballet Co-Laboratory's mission is multifaceted. By staying true to the classical roots of ballet, the organization ensures that the art form's heritage is preserved and respected. However, it does not stop at tradition; instead, Ballet Co-Laboratory seeks to innovate and evolve by collaborating with its community and promoting equity in ballet. This comprehensive approach allows the organization to both honor the past and shape the future of ballet, ultimately enriching its community in the process.
Through its various activities, Ballet Co-Laboratory brings this mission to life. For instance, the organization runs a ballet school that offers a pre-professional training program, with six levels of increasing skills, catering to over 90 students annually. In addition, Ballet Co-Laboratory presents a drop-in program for more advanced and adult students, welcoming both amateur and professional dancers. This program attracts about 80 regular participants, providing an inclusive and collaborative space for the dance community to grow and learn together.
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Impact
July, 2024
Ballet Co-Laboratory is making a tangible impact in Saint Paul, Minnesota by enriching the community with innovative education, captivating performances, and meaningful collaborations inspired by the art of ballet. For the past four years, Ballet Co-Laboratory has been running a successful ballet school that offers a pre-professional training program spanning six levels of increasing skill. This program has seen over 90 students complete a full year of intensive training through two semesters, from September to December and January to May.
In addition to its structured training program, Ballet Co-Laboratory has also launched a drop-in program geared towards more advanced and adult students, both amateur and professional. Approximately 80 individuals regularly participate in this program, further expanding the reach and impact of Ballet Co-Laboratory within the community.
By honoring the foundations of classical ballet while pushing the art form forward through collaboration and a commitment to equity, Ballet Co-Laboratory is not only nurturing the talents of aspiring dancers but also fostering a deeper appreciation for the art of ballet within the community. Through its innovative approach and dedication to inclusivity, Ballet Co-Laboratory is creating a lasting impact on the cultural landscape of Saint Paul and beyond.
This information is meant to be a general summary of Ballet Co-Laboratory. 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.
- Program Service Revenue: $412,600
- Gross Receipts: $594,005
Assets and Liabilities:
- Total Assets: $199,864
- Total Liabilities: $360,466
- Net Assets: -$160,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dance Companies
Revenue
$297,960
Dance Companies
Revenue
$114,640
Organization Details
Founding Year
2018
Phone
(303) 570-2829Principal Officer
Rachel Koep
Main Address
276 East Lafayette Frontage Road, Saint Paul, MN, 55107
Website
www.balletcolaboratory.orgNTEE Category
Code: A63 - Arts
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