CAROLINA BALLET INC Charity Report

Public IRS 990 nonprofit record

CAROLINA BALLET INC

EIN 56-1445383 · Arts, Culture & Humanities (A630)

What they do

CAROLINA BALLETS MISSION is to PERFORM WORLD-CLASS PROFESSIONAL BALLET, ENTERTAINING and ENLIGHTENING AUDIENCES IN RALEIGH, THE TRIANGLE REGION, THE STATE of NORTH CAROLINA, and BEYOND. CAROLINA BALLET WORKS to ACCOMPLISH THIS MISSION BY (CONT. ON SCH. O)1) ATTRACTING, DEVELOPING ENLIGHTENING DANCERS and ARTISTIC PERSONNEL COMBINED WITH A FISCALLY RESPONSIBLE MANAGEMENT TEAM and BOARD of DIRECTORS; 2) COMMISSIONING NEW WORKS BY INNOVATIVE CHOREOGRAPHERS; 3) PRESENTING TRADITIONAL BALLETS of LEGENDARY MASTERS; and 4) EDUCATING CURRENT and FUTURE AUDIENCES THROUGH PROGRAMS for SCHOOL CHILDREN & YOUNG ADULTS and OTHER PERFORMANCE OUTREACH ACTIVITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

104.42%of revenue went to mission work83.2% of expenses · Program services

4.92%of revenue went to fundraising3.9% of expenses

$125.51spent for every $100 of revenueSpending was higher than revenue this year.

16.17%of revenue went to management and office costs12.9% of expenses

$0.67in assets for every $1 spent this yearSome assets cannot be spent right away.

45.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,936,571 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $170,958 for ZALMAN GRINBERG (ARTISTIC DIRECTOR/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,590,512

Mission workProgram services$7,926,099104.42% of revenue83.2% of expenses

ManagementOffice and general costs$1,227,39216.17% of revenue12.9% of expenses

FundraisingAsking for donations$373,5924.92% of revenue3.9% of expenses

Total expenses$9,527,083125.51% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.2% mission · 12.9% management · 3.9% fundraisingTotal expenses: 125.51% of revenue

2023Expense mix: 91.8% mission · 6.8% management · 1.4% fundraisingTotal expenses: 80.23% of revenue

2022Expense mix: 89.5% mission · 7.8% management · 2.7% fundraisingTotal expenses: 90.70% of revenue

2021Expense mix: 92.5% mission · 2.4% management · 5.2% fundraisingTotal expenses: 82.77% of revenue

2020Expense mix: 82.6% mission · 10.1% management · 7.3% fundraisingTotal expenses: 104.48% of revenue

2019Expense mix: 87.5% mission · 5.9% management · 6.6% fundraisingTotal expenses: 113.85% of revenue

2018Expense mix: 88.4% mission · 5.0% management · 6.6% fundraisingTotal expenses: 115.78% of revenue

Money in and money out

Revenue$7,590,512

Expenses$9,527,083

Annual shortfall $1,936,571 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,926,099 · 83.2% of expenses

Management and office costs$1,227,392 · 12.9% of expenses

Fundraising$373,592 · 3.9% of expenses

See all reported dollar amounts

Revenue$7,590,512

Expenses$9,527,083

Assets$6,430,546

Income$7,740,280

Contributions$3,437,477

Mission work (program services)$7,926,099

Fundraising$373,592

Management and general$1,227,392

Accounting fees$127,381

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ZALMAN GRINBERGARTISTIC DIRECTOR/CEO · 60 hrs/week $170,958Base $163,867 · Other $7,091

AJI TOURAYCHIEF FINANCIAL OFFICER · 60 hrs/week $108,823Base $102,210 · Other $6,613

ADAM SCHIFFERCHIEF OPERATING OFFICER · 60 hrs/week $100,304Base $93,277 · Other $7,027

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

ZALMAN GRINBERGARTISTIC DIRECTOR/CEO

AJI TOURAYCHIEF FINANCIAL OFFICER

ADAM SCHIFFERCHIEF OPERATING OFFICER

MRS JUDY ZELNAKBOARD MEMBER 2024

MS MEG DEALTREASURER

MS KAREN FOSTERCHAIR

MS ELISE HOBBS-GANNAWAYVICE-TREASURER

MRS SUSAN BRIGHAMBOARD MEMBER 2026

MRS STEFANIE KAHNVICE CHAIR

MRS LESLEY WILSONBOARD MEMBER 2026

MRS KATHERINE WHITEBOARD MEMBER 2026

DR ANNA GOODMON MDBOARD MEMBER 2024

MR MAURICE BOSWELLBOARD MEMBER 2024

MR MARK S EISENBOARD MEMBER

MR KAROL V JARZABEKBOARD MEMBER

MR CHARLIE SILVERBOARD MEMBER 2026

MR BRANDON STATONBOARD MEMBER 2026

DR ROBERT SCHANTZSECRETARY

DR LENORE BEHAR PHDBOARD MEMBER THRU 11/2024

DR JOSEPH BUMGARNERBOARD MEMBER 2025

About this charity

Recognized since: January 1985
Location: 3030 STONY BROOK DRIVE, RALEIGH, NC 27604
County: Wake
In care of: MARGARET DEAL
Primary officer: MARGARET DEAL, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailscb@carolinaballet.com Phone(919) 719-0800

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN
NTEE classification: Arts, Culture & Humanities (A630)