Canton Ballet EIN 34-6608636 Form 990 (PDF) Claim this org

Canton Ballet FY2024 filing

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Promotes dance appreciation and offers high-quality instruction. For fiscal year 2024 it reported $913K in revenue, $828K in expenses, and $462K in net assets.Pt I

Founded
1966
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Canton, OH
Website
www.cantonballet.com
Filings
5 on file (2020–2024)
Revenue
$913KFY2024
Expenses
$828K
Net assets
$462K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-6608636 Public charity (501(c)(3)) Canton, OH Founded 1966
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes dance appreciation and offers high-quality instruction.
Leadership
Jennifer Hayward · Artistic Director · $55K
Money in and out
$913K revenue, $828K expenses
Bottom line
61% program efficiency
Where the money goes · FY2024
Total revenue
$913K
Pt VIII · Ln 12
Total expenses
$828K
Pt IX · Ln 25
Net assets
$462K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $84K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.36 Fundraising $0.04
Program efficiency
61%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$913K
FY2024▲ +33%
Expenses
$828K
FY2024▲ +7%
Total assets
$601K
FY2024▲ +23%
Total liabilities
$139K
FY2024▲ +3%
Total revenue
$913K
Pt VIII · Ln 12
Total expenses
$828K
Pt IX · Ln 25
Net assets
$462K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$84K
Total assetsPt X · Ln 16$601K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $502K of program spending, described in the organization's own filed words · FY2023.
01

Canton ballet offers a pre-professional company and school with professional faculty operated year-round for over 250 students ages toddler through adult.

$502Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCanton Ballet
EINHdr · item D34-6608636
Principal addressHdr · item CCanton, OH
WebsiteHdr · item Jwww.cantonballet.com
Year of formationHdr · item L1966
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A63Z)
Ruling yearIRS BMFJan 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 (FY2023); the FY2024 filing did not itemize Part VII
Artistic Director
$54,972Pt VII · Sec A
Executive Director
$24,231Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Hayward’s $59K as Artistic Director is at the 53rd percentile of top reported officer pay among 2213 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Cassandra Crowley$66,782$70,043$75,376$72,484
Jennifer Hayward$59,012$54,972$50,125
Joy Raub$50,772$24,231

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$566K · 62%
Contributions & grants$321K · 35%
Other revenue$21K · 2%
Program service revenue62%$566K
Contributions & grants35%$321K
Other revenue2%$21K
Investment income$4K
— government grantsLn 1e$121K
Total revenueLn 12$913K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.36 Fundraising $0.04
Program services61%$502K
Management & general36%$297K
Fundraising4%$29K
Total functional expensesLn 25$828K

Balance Sheet

Part X · end of year
CashLn 1$211K
Total assetsLn 16$601K
Total liabilitiesLn 26$139K
Total net assetsLn 32$462K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $469K · Operating expenses/yr $828K
6.8 months
Where the money goes
Program services
Program services $502K · Total expenses $828K
61%
Management & General
Management & general $297K · Total expenses $828K
36%
Fundraising
Fundraising $29K · Total expenses $828K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $167K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $321K · Total revenue $913K
35%
Government reliance
Government grants $121K · Total revenue $913K
13%
Earned-income share
Program service revenue $566K · Total revenue $913K
62%
Investment reliance
Investment income $4K · Total revenue $913K
+0.4%
Program self-sufficiency
Program service revenue $566K · Total expenses $828K
68%
Growth & trend
Revenue growth (YoY)
This year $913K · Prior year $687K
+33%
Revenue CAGR
FY2019 $831K · FY2023 $913K
+2%
Net-asset trend (YoY)
End of year $462K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $913K · Expenses $828K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $601K
Net-asset ratio
Net assets $462K · Total assets $601K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $258K · Total assets (Pt X, ln 16) $601K
43%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Hayward · Reported title ARTISTIC DIRECTOR · Highest reported compensation $55K · Total expenses $828K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $383K · Total expenses $828K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 36%
Fundraising cost ratio 9%
Revenue growth 33%
Investment management fee ratio 0.3%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2024
Arts in StarkFY2024$74K
Total grants receivedfrom 4 funders$114K
See all 4 funders →
Grants paid · 6 grants · $198K · 2019–2024
Unitemized GrantFY2024$28,068
Unitemized GrantFY2023$26,901
Unitemized GrantFY2022$39,643
Unitemized GrantFY2021$37,741
Unitemized GrantFY2020$8,404
Unitemized GrantFY2019$57,465

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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
FY2024$913K revenue · viewing · ⤓ 990 PDF
FY2023$687K revenue · ⤓ 990 PDF
FY2022$783K revenue · ⤓ 990 PDF
FY2021$607K revenue · ⤓ 990 PDF
FY2020$831K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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