Ballet Tech Foundation INC EIN 13-2773475

Ballet Tech Foundation INC

EIN  13-2773475 Public charity (501(c)(3)) New York, NY
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/21/26 · see original filing: IRS
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Size
$1–10M
What they do
Trains talented children in free professional ballet and stages ballets by Eliot Feld.
Leadership
Maggie Christ · Executive Director · $210K
Money in and out
$5.7M revenue, $5.5M expenses
Bottom line
86% program efficiency

Trains talented children in free professional ballet and stages ballets by Eliot Feld. For fiscal year 2025 it reported $5.7M in revenue, $5.5M in expenses, and $34.0M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$5.7M
Pt VIII · Ln 12
Total expenses
$5.5M
Pt IX · Ln 25
Net assets
$34.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $189K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.09 Fundraising $0.05
Program efficiency
86%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
48.0mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -73% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$5.7M
FY2025▼ -8%
Expenses
$5.5M
FY2025▲ +2%
Total assets
$34.8M
FY2025▲ +4%
Total liabilities
$754K
FY2025▲ +182%
Total revenue
$5.7M
Pt VIII · Ln 12
Total expenses
$5.5M
Pt IX · Ln 25
Net assets
$34.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$189K
Total assetsPt X · Ln 16$34.8M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $4.7M of program spending, described in the organization's own filed words · FY2024.
01

During the year ended 6/30/2025, ballet tech presented a one-week season in the spring of 2025. The season - at the joyce theater - was attended by 2,101 people. The school auditioned 6,304 students, worked with 90 cooperating public schools throughout new york city, and selected a total of 544 students.

$4.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBallet Tech Foundation INC
EINHdr · item D13-2773475
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.ballettech.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A630)
Ruling yearIRS BMFFeb 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$210,394Pt VII · Sec A
Artistic Director
$208,934Pt VII · Sec A
School Administrative Director
$122,694Pt VII · Sec A
Director of Faculty
$120,883Pt VII · Sec A
School Administrative Director
$110,922Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Maggie Christ’s $210K as Executive Director is at the 86th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Maggie Christ$210,394$202,186$192,186$185,919$161,984$152,758
Dionne Figgins$208,934$205,858$195,683$66,122
Eliot Feld$179,683$171,570$183,248
Joe Gregori$122,694$114,978$114,978$113,363$101,198$101,395
Ashley Tuttle$120,883$113,829$113,829$111,052$100,527
Elizabeth Lacause$115,668$115,668$114,975
Janel Rayome$110,922$103,336$103,336$102,001
Patrice Hemsworth$100,833$102,778

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$2.2M · 38%
Other revenue$2.1M · 37%
Contributions & grants$810K · 14%
Investment income$567K · 10%
Program service revenue38%$2.2M
Other revenue37%$2.1M
Contributions & grants14%$810K
Investment income10%$567K
— government grantsLn 1e$215K
Total revenueLn 12$5.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.09 Fundraising $0.05
Program services86%$4.7M
Management & general9%$501K
Fundraising5%$274K
Total functional expensesLn 25$5.5M

Balance Sheet

Part X · end of year
CashLn 1$4.4M
Total assetsLn 16$34.8M
Total liabilitiesLn 26$754K
Total net assetsLn 32$34.0M
Months of cash on handcomputed9.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21.9M · Operating expenses/yr $5.5M
48.0 months
Where the money goes
Program services
Program services $4.7M · Total expenses $5.5M
86%
Management & General
Management & general $501K · Total expenses $5.5M
9%
Fundraising
Fundraising $274K · Total expenses $5.5M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $324K · Solicited contributions (3-yr avg) $593K
$0.55 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $810K · Total revenue $5.7M
14%
Government reliance
Government grants $215K · Total revenue $5.7M
4%
Earned-income share
Program service revenue $2.2M · Total revenue $5.7M
38%
Investment reliance
Investment income $567K · Total revenue $5.7M
+10%
Program self-sufficiency
Program service revenue $2.2M · Total expenses $5.5M
40%
Growth & trend
Revenue growth (YoY)
This year $5.7M · Prior year $6.1M
-8%
Revenue CAGR
FY2019 $6.5M · FY2024 $5.7M
-3%
Net-asset trend (YoY)
End of year $34.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.7M · Expenses $5.5M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $34.8M
Net-asset ratio
Net assets $34.0M · Total assets $34.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.7M · Other securities (Pt X, ln 12) $4.9M · Total assets (Pt X, ln 16) $34.8M
50%
People & payroll
Highest Reported Total Compensation
Individual Maggie Christ · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $210K · Total expenses $5.5M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.1M · Total expenses $5.5M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 9%
Fundraising cost ratio 34%
Revenue growth -8%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$22K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$5.7M revenue · viewing · ⤓ 990 PDF
FY2024$6.1M revenue · ⤓ 990 PDF
FY2023$6.1M revenue · ⤓ 990 PDF
FY2022$5.8M revenue · ⤓ 990 PDF
FY2021$4.9M revenue · ⤓ 990 PDF
FY2020$6.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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