School Of The Garden State Ballet
School Of The Garden State Ballet: Declining Revenue and Asset Utilization Concerns
EIN: 221928938 · Rutherford, NJ · NTEE: A63Z · Updated: 2026-04-04
About School Of The Garden State Ballet
School Of The Garden State Ballet (EIN: 221928938) is a nonprofit organization based in Rutherford, NJ, classified under NTEE code A63Z. The organization reported total revenue of $692K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of School Of The Garden State Ballet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates School Of The Garden State Ballet with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, School Of The Garden State Ballet allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either an entirely volunteer-run executive team or compensation is categorized under other expenses, warranting further inquiry.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of School Of The Garden State Ballet's IRS 990 filings:
- Revenue has shown a consistent decline from $791,231 in 2019 to $691,520 in 2023, indicating potential sustainability challenges.
- Net assets have significantly decreased from $137,915 in 2020 to $8,156 in 2023, raising concerns about financial stability.
- The organization consistently reports 0% compensation, which could be a red flag if key leadership roles are not genuinely volunteer-based.
Strengths
The following positive indicators were identified for School Of The Garden State Ballet:
- The organization has maintained operations for several years, demonstrating resilience despite financial fluctuations.
- Consistent reporting of 0% compensation could indicate a strong volunteer base and dedication to mission, if verified.
Frequently Asked Questions about School Of The Garden State Ballet
What does School Of The Garden State Ballet do?
School Of The Garden State Ballet is a nonprofit organization in the Arts, Culture & Humanities sector, located in Rutherford, New Jersey. It is classified under NTEE code A63Z.
How much revenue does School Of The Garden State Ballet have?
School Of The Garden State Ballet reported total revenue of $691,520. Based on 13 IRS 990 filings on record.
What are School Of The Garden State Ballet's total assets?
School Of The Garden State Ballet holds total assets of $8,156 as reported in IRS 990 filings.
Where is School Of The Garden State Ballet located?
School Of The Garden State Ballet is based in Rutherford, New Jersey.
What is School Of The Garden State Ballet's EIN?
School Of The Garden State Ballet's Employer Identification Number (EIN) is 221928938. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is School Of The Garden State Ballet?
School Of The Garden State Ballet is classified under NTEE code A63Z (Arts, Culture & Humanities).
Is School Of The Garden State Ballet a registered 501(c)(3)?
Yes, School Of The Garden State Ballet is recognized as a tax-exempt organization by the IRS. EIN: 221928938.
Does School Of The Garden State Ballet file IRS Form 990?
Yes, School Of The Garden State Ballet has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was School Of The Garden State Ballet's revenue in 2023?
In the 202308 filing period, School Of The Garden State Ballet reported total revenue of $718,050, total expenses of $714,969, and net assets of $9,629.
Is School Of The Garden State Ballet's revenue growing or declining?
School Of The Garden State Ballet's revenue is relatively stable. Revenue went from $683,843 (202208) to $718,050 (202308), a +5.0% change. Based on 13 filings on record.
What is School Of The Garden State Ballet's most recent 990 filing?
The most recent IRS Form 990 filing for School Of The Garden State Ballet covers tax period 202308. It shows revenue of $718,050, expenses of $714,969, total assets of $9,629, and liabilities of $138,295.
How much does School Of The Garden State Ballet spend on programs vs administration?
Based on IRS 990 analysis, School Of The Garden State Ballet allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is School Of The Garden State Ballet a trustworthy charity?
Based on AI analysis of IRS 990 data, School Of The Garden State Ballet shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for School Of The Garden State Ballet?
The following concerns were identified: Revenue has shown a consistent decline from $791,231 in 2019 to $691,520 in 2023, indicating potential sustainability challenges.. Net assets have significantly decreased from $137,915 in 2020 to $8,156 in 2023, raising concerns about financial stability.. The organization consistently reports 0% compensation, which could be a red flag if key leadership roles are not genuinely volunteer-based.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are School Of The Garden State Ballet's strengths?
Positive indicators for School Of The Garden State Ballet include: The organization has maintained operations for several years, demonstrating resilience despite financial fluctuations.. Consistent reporting of 0% compensation could indicate a strong volunteer base and dedication to mission, if verified.. These findings are derived from AI analysis of the organization's financial filings.
How does School Of The Garden State Ballet compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting either an entirely volunteer-run executive team or compensation is categorized under other expenses, warranting further inquiry. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does the organization sustain its leadership and administrative functions, and what are the implications for long-term operational stability?
The consistent 0% compensation suggests either a fully volunteer-led executive team or that compensation is embedded within other expense categories. This model, while potentially cost-efficient, could pose risks for leadership retention and professional capacity building over the long term if not adequately supported.
What factors are contributing to the significant decline in net assets from $137,915 in 2020 to $8,156 in 2023, and what strategies are in place to reverse this trend?
The decline in net assets is likely a combination of decreasing revenue and expenses exceeding revenue in recent years. Without detailed expense breakdowns, it's difficult to pinpoint exact causes, but it suggests a need for a comprehensive financial strategy to increase revenue and/or control costs to rebuild reserves.
Filing History
IRS 990 filing history for School Of The Garden State Ballet showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), School Of The Garden State Ballet's revenue has grown by 10%, moving from $652K to $718K. Total assets decreased by 35.8% over the same period, from $15K to $10K. Total functional expenses rose by 7.7%, from $664K to $715K. In its most recent filing year (2023), School Of The Garden State Ballet reported a surplus of $3K, with revenue exceeding expenses. The organization holds $138K in liabilities against $10K in assets (debt-to-asset ratio: 1436.2%), resulting in net assets of $-128,666.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $718K | $715K | $10K | $138K | — | — |
| 2022 | $684K | $736K | $14K | $146K | — | View 990 |
| 2021 | $734K | $790K | $74K | $154K | — | View 990 |
| 2020 | $767K | $789K | $138K | $161K | — | View 990 |
| 2019 | $791K | $812K | $10K | $11K | — | View 990 |
| 2018 | $789K | $779K | $31K | $11K | — | View 990 |
| 2017 | $735K | $740K | $21K | $11K | — | View 990 |
| 2016 | $721K | $729K | $27K | $11K | — | View 990 |
| 2015 | $736K | $734K | $35K | $11K | — | View 990 |
| 2014 | $691K | $695K | $33K | $12K | — | View 990 |
| 2013 | $686K | $671K | $38K | $12K | — | View 990 |
| 2012 | $681K | $656K | $40K | $29K | — | View 990 |
| 2011 | $652K | $664K | $15K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $718K, expenses of $715K, and assets of $10K (revenue +5.0% year-over-year).
- 2022: Revenue of $684K, expenses of $736K, and assets of $14K (revenue -6.8% year-over-year).
- 2021: Revenue of $734K, expenses of $790K, and assets of $74K (revenue -4.4% year-over-year).
- 2020: Revenue of $767K, expenses of $789K, and assets of $138K (revenue -3.1% year-over-year).
- 2019: Revenue of $791K, expenses of $812K, and assets of $10K (revenue +0.3% year-over-year).
- 2018: Revenue of $789K, expenses of $779K, and assets of $31K (revenue +7.4% year-over-year).
- 2017: Revenue of $735K, expenses of $740K, and assets of $21K (revenue +1.9% year-over-year).
- 2016: Revenue of $721K, expenses of $729K, and assets of $27K (revenue -2.0% year-over-year).
- 2015: Revenue of $736K, expenses of $734K, and assets of $35K (revenue +6.5% year-over-year).
- 2014: Revenue of $691K, expenses of $695K, and assets of $33K (revenue +0.7% year-over-year).
- 2013: Revenue of $686K, expenses of $671K, and assets of $38K (revenue +0.6% year-over-year).
- 2012: Revenue of $681K, expenses of $656K, and assets of $40K (revenue +4.4% year-over-year).
- 2011: Revenue of $652K, expenses of $664K, and assets of $15K.
Data Sources and Methodology
This transparency report for School Of The Garden State Ballet is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.