Menlowe Ballet EIN 45-2461068

Menlowe Ballet

EIN  45-2461068 Public charity (501(c)(3)) Menlo Park, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Performs innovative ballet, offering elite students professional experience and enriching the Bay Area.
Leadership
Michael Lowe · Artistic Director · $1K
Money in and out
$17K revenue, $16K expenses
Bottom line
79% program efficiency

Performs innovative ballet, offering elite students professional experience and enriching the Bay Area. For fiscal year 2024 it reported $17K in revenue, $16K in expenses, and $2K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$16K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $577
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▲ +500% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +101% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$17K
FY2024▲ +29%
Expenses
$16K
FY2024▼ -76%
Total assets
$2K
FY2024▲ +52%
Total liabilities
$0
FY2024
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$16K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$577
Total assetsPt X · Ln 16$2K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $13K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, menlowe ballet co-produced a holiday production, winter suite, with three company dancers. Our artists performed alongside 80+ local student dancers, giving these aspiring youth an opportunity to learn from our seasoned professionals.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMenlowe Ballet
EINHdr · item D45-2461068
Principal addressHdr · item CMenlo Park, CA
WebsiteHdr · item Jwww.menloweballet.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A63)
Ruling yearIRS BMFSep 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Artistic Director
$599Pt VII · Sec A
$0Pt VII · Sec A
Executive Director & Secre
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michael Lowe’s $599 as Artistic Director is at the 1st percentile of top reported officer pay among 250 <$100K 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Lowe$599$5,000$8,641$11,500$22,000
Sarah-Jane Measor$10,000$5,000

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
Contributions & grants100%$17K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$13K
Management & general21%$3K
Total functional expensesLn 25$16K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$2K
Total liabilitiesLn 26$0
Total net assetsLn 32$2K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $16K
1.2 months
Where the money goes
Program services
Program services $13K · Total expenses $16K
79%
Management & General
Management & general $3K · Total expenses $16K
21%
Fundraising
Fundraising $0 · Total expenses $16K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $11K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $17K
100%
Government reliance
Government grants — · Total revenue $17K
Earned-income share
Program service revenue $0 · Total revenue $17K
0%
Investment reliance
Investment income $0 · Total revenue $17K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $16K
0%
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $13K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $173K · FY2024 $17K
-44%
Net-asset trend (YoY)
End of year $2K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $16K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $2K
Net-asset ratio
Net assets $2K · Total assets $2K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Lowe · Reported title ARTISTIC DIRECTOR · Highest reported compensation $599 · Total expenses $16K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $599 · Total expenses $16K
4%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth 29%
Accounting fee ratio 13%

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 · FY2020
Total grants receivedfrom 2 funders$56K

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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 (Latest)$17K revenue · viewing · ⤓ 990 PDF
FY2023$13K revenue · ⤓ 990 PDF
FY2022$3K revenue · ⤓ 990 PDF
FY2021$14K revenue · ⤓ 990 PDF
FY2020$173K 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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