Morballet INC EIN 47-1758099

Morballet INC

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Creates new performing arts works and outreach to empower at-risk youth. For fiscal year 2024 it reported $398K in revenue, $377K in expenses, and $31K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Hastings Hdsn, NY
Website
www.mordance.org
Filings
5 on file (2020–2024)
Revenue
$398KFY2024
Expenses
$377K
Net assets
$31K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1758099 Public charity (501(c)(3)) Hastings Hdsn, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Creates new performing arts works and outreach to empower at-risk youth.
Leadership
Morgan McEwen · President · $36K
Money in and out
$398K revenue, $377K expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$398K
Pt VIII · Ln 12
Total expenses
$377K
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program efficiency
73%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▲ +80% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -33% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$398K
FY2024▲ +106%
Total revenue
$398K
Pt VIII · Ln 12
Total expenses
$377K
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$67K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $252K of program spending, described in the organization's own filed words · FY2024.
01

Spring 2024 performances season the organization created and presented original contemporary ballet works during its spring season, providing public performances that advanced appreciation of dance and supported emerging artists. Programming included rehearsals, stage production, and community engagement around each performance.

$133Kprogram expense
02

Fall 2024 performances season the fall season featured new and restaged repertory with full production elements, offering audiences high-quality ballet programming and opportunities to engage with living choreographers. Activities included artist contracts, studio and theater rentals, COSTUMES/TECH, and post-show discussions.

$69Kprogram expense
03

2024 student outreach program the organization delivered education and outreach through in-school residencies, workshops, and community classes designed to make dance training accessible to youth and underserved populations.

$50Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMorballet INC
EINHdr · item D47-1758099
Principal addressHdr · item CHastings Hdsn, NY
WebsiteHdr · item Jwww.mordance.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A63)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$35,596Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Morgan McEwen’s $36K as President is at the 31st 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Morgan McEwen$35,596$36,137$27,064$9,121

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 & grants$360K · 91%
Program service revenue$37K · 9%
Contributions & grants91%$360K
Program service revenue9%$37K
Other revenue$235
— government grantsLn 1e$253K
Total revenueLn 12$398K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program services73%$275K
Management & general26%$98K
Fundraising1%$4K
Total functional expensesLn 25$377K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$67K
Total liabilitiesLn 26$36K
Total net assetsLn 32$31K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses (Pt IX) $377K · Less non-cash grants $107K · Cash operating expenses/yr $270K
0.9 months
Where the money goes
Program services
Program services $275K · Total expenses $377K
73%
Management & General
Management & general $98K · Total expenses $377K
26%
Fundraising
Fundraising $4K · Total expenses $377K
1%
Cost to raise $1
Fundraising expense $4K · Solicited contributions $108K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $360K · Total revenue $398K
91%
Government reliance
Government grants $253K · Total revenue $398K
63%
Earned-income share
Program service revenue $37K · Total revenue $398K
9%
Investment reliance
Investment income $0 · Total revenue $398K
0%
Program self-sufficiency
Program service revenue $37K · Total expenses $377K
10%
Growth & trend
Revenue growth (YoY)
This year $398K · Prior year $193K
+106%
Revenue CAGR
FY2020 $40K · FY2024 $398K
+77%
Net-asset trend (YoY)
End of year $31K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $398K · Expenses $377K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $67K
Net-asset ratio
Net assets $31K · Total assets $67K
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $67K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Morgan McEwen · Reported title PRESIDENT · Highest reported compensation $36K · Total expenses $377K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $377K
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 26%
Fundraising cost ratio 1%
Revenue growth 106%
Legal fee ratio 19%
Accounting fee ratio 0.2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$4K

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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)$398K revenue · viewing · ⤓ 990 PDF
FY2023$193K revenue · ⤓ 990 PDF
FY2022$121K revenue · ⤓ 990 PDF
FY2021$70K revenue · ⤓ 990 PDF
FY2020$40K 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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