Triangle Youth Ballet

Tax-deductible

Chapel Hill, NC501(c)(3)Since 1995Arts & CultureEIN 56-1929772

The company exists to train dancers and to instill a deeper understanding of dance arts in our community. We pledge to offer professional training to aspiring dancers through our classes, training workshops and performance opporunities. We operate a repertory ballet company to provide professional performance experience and the essential element for our community outreach programs.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 120 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $36K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 7% of spending
Top officer’s pay lower than 74% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $10K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$122K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$456K
-0.05% vs prior year
Spent
$442K
To programs
91%
Net assets
$228K
By yearFY2020–FY2024
Revenue
$456K
FY2024-0.05%
Revenue by fiscal year
FY2020$330K
FY2021$266K
FY2022$332K
FY2023$461K
FY2024$456K
FY2024$456K
Expenses
$442K
FY2024+0.3%
Expenses by fiscal year
FY2020$320K
FY2021$209K
FY2022$256K
FY2023$440K
FY2024$441K
FY2024$442K
Net assets
$228K
FY2024▲ +6%
Net assets by fiscal year
FY2020$40K
FY2021$97K
FY2022$178K
FY2023$200K
FY2024$215K
FY2024$228K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $401K Management & general 8% · $35K Fundraising 1% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Pres/Artistic Director
$31,630Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Finance Officer
$0Pt VII · Sec A
$0Pt VII · Sec A

Lauren Lorentz De Haas’s $32K as Pres/Artistic Director is at the 26th percentile of top reported officer pay among 2216 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lauren Lorentz De Haas$31,630$28,770$36,398$28,723$27,194$27,308

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.

See Triangle Youth Ballet executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Trains dancers and fosters community understanding of dance arts.

Provided by the organization

This section is blank until Triangle Youth Ballet claims this page.

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1 program service account for $401K of program spending, described in the organization's own filed words · FY2024.
01

In the Fiscal Year July 2024

June 2025, we continued our partnership with the durham arts council. We continued our tuition assistance program and male merit scholarship programs. Our performing companies attended classes and performed at both the university of north carolina school of the arts festival of dance in winston-salem, north carolina and regional dance…

$401Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$10K
See all 3 funders →
Grants paid · 6 grants · $32K · 2021–2024
Unitemized GrantFY2024$7,031
Unitemized GrantFY2023$6,070
Unitemized GrantFY2022$7,846
Unitemized GrantFY2022$3,190
Unitemized GrantFY2021$8,064
Unitemized GrantFY2021$260

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$456K
Ln 12
Fees for servicesLn 2g$418K
Other incomeLn 4–11$19K
Gifts and grantsLn 1h$19K
Money outPt IX
$442K
Ln 25
Programscol B$401K
Managementcol C$35K
Fundraisingcol D$6K
Owns and owesPt X
$228K
net assets · Ln 32
Cash and savingsLn 1–2$292K
Total assetsLn 16$351K
LiabilitiesLn 26$122K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Fees for servicesLn 2g$418K
Investment incomeLn 3$27
Other incomeLn 4–11$19K
Total revenueLn 12$456K
Assets in detailPt X, end of year
CashLn 1$157K
SavingsLn 2$135K
Cash and savings togetherLn 1–2$292K
Land, buildings, equipmentLn 10c$59K
Total assetsLn 16$351K
LiabilitiesLn 26$122K
Net assetsLn 32$228K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$276K$292K
Land, buildings, equipmentLn 10c$61K$59K
Total assetsLn 16$339K$351K
LiabilitiesLn 26$124K$122K
Net assetsLn 32$215K$228K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7K$7K
Pay of current officers, directors and key staffLn 5$28K$25K$1K$1K
Other salaries and wagesLn 7$104K$89K$10K$5K
Payroll taxesLn 10$10K$9K$915$457
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$32K$32K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$20K$20K$409
Information technologyLn 14$14K$12K$1K
OccupancyLn 16$138K$134K$3K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$59K$59K$244
Total functional expensesLn 25$442K$401K$35K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $456K$441K$15K$215K 990 PDF
FY2023 $461K$440K$22K$200K 990 PDF
FY2022 $332K$256K$76K$178K 990 PDF
FY2021 $266K$209K$57K$97K 990 PDF
FY2020 $330K$320K$10K$40K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $455,823 across 6 lines filed
Lines not itemized here account for $5,873 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$18,960
VIII-1h Total contributions, gifts and grants$18,960
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $417,501$417,501
VIII-3 Investment incomeExcluded from tax $27$27
VIII-8 Net income from fundraising eventsExcluded from tax $13,462$13,462
VIII-12 Total revenueRelated to mission $423,374 · Unrelated business $0 · Excluded from tax $13,489$455,823
Part IX · Statement of functional expenses $442,440 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $7,031$7,031
IX-5 Pay of current officers, directors and key staffPrograms $25,341 · Management $1,408 · Fundraising $1,408$28,157
IX-7 Other salaries and wagesPrograms $88,701 · Management $10,458 · Fundraising $4,525$103,684
IX-10 Payroll taxesPrograms $8,793 · Management $915 · Fundraising $457$10,165
IX-11c Accounting feesManagement $6,259$6,259
IX-11g Other fees for servicesPrograms $32,190$32,190
IX-12 Advertising and promotionPrograms $13,901$13,901
IX-13 Office expensesPrograms $19,547 · Management $409$19,956
IX-14 Information technologyPrograms $12,197 · Management $1,477$13,674
IX-16 OccupancyPrograms $134,358 · Management $3,240$137,598
IX-20 InterestManagement $3,650$3,650
IX-22 Depreciation, depletion and amortizationManagement $5,316$5,316
IX-23 InsuranceManagement $1,393$1,393
IX-24 Other expenses (24a–d)Programs $59,222 · Management $244$59,466
IX-25 Total functional expensesPrograms $401,281 · Management $34,769 · Fundraising $6,390$442,440
Part X · Balance sheet $350,646 assets, 10 lines filed
Asset lines not itemized here account for $349; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $140,970$156,865
X-2 Savings and temporary cash investmentsStart of year $134,891$134,918
X-4 Accounts receivableStart of year $2,326$11
X-10c Land, buildings and equipment, netStart of year $60,877$58,503
X-16 Total assetsStart of year $339,064$350,646
X-17 Accounts payable and accrued expensesStart of year $1,029$2,369
X-24 Unsecured notes and loans payableStart of year $123,260$120,024
X-26 Total liabilitiesStart of year $124,289$122,393
X-32 Total net assets or fund balancesStart of year $214,775$228,253
X-33 Total liabilities and net assetsStart of year $339,064$350,646
Part XI · Reconciliation of net assets $228,253 net assets at year end
XI-1 Total revenue$455,823
XI-2 Total expenses$442,440
XI-3 Revenue less expenses$13,383
XI-4 Net assets at start of year$214,775
XI-8 Prior period adjustments$95
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$228,253

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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