School Of American Ballet Inc

Organization Overview

School Of American Ballet Inc is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, School Of American Ballet Inc employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Of American Ballet Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2023, School Of American Ballet Inc generated $13.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $18.3m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

IN FY 2023, THE SCHOOL OF AMERICAN BALLET PASSED KNOWLEDGE OF THE BALANCHINE BALLET TRADITION FROM 22 GIFTED FACULTY MEMBERS TO SOME 780 STUDENTS IN ITS PROGRAMS. THESE FACULTY MEMBERS WERE AUGMENTED BY A SELECTED NEW YORK CITY BALLET COMPANY MEMBER WHO PARTICIPATED IN A TEACHER TRAINING PROGRAM AT SAB. THEY WERE ALSO JOINED BY A NUMBER OF NOTABLE GUEST FACULTY. IN SEEKING VERY TALENTED STUDENTS, THE SCHOOL CONTINUED ITS LOCAL, NATIONAL AND INTERNATIONAL OUTREACH AND RECRUITMENT EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TEACHING AND OTHER ARTISTIC PROGRAMSTHE SCHOOL PROVIDES BALLET TRAINING TO STUDENTS AGES 6 TO 19, AT APPROPRIATE LEVELS OF CONCENTRATION. DURING THE WINTER TERM (SEPTEMBER - JUNE), ADVANCED STUDENTS HAVE 36 WEEKS OF CLASSES WITH UP TO 20.25 HOURS PER WEEK. THE YOUNGEST STUDENTS MEET TWICE WEEKLY FOR AN HOUR FOR 35 WEEKS. DURING FY 2023, 436 STUDENTS WERE ENROLLED DURING WINTER TERM. DURING WINTER TERM 2022-2023, STUDENTS REPRESENTED 25 STATES AND 2 FOREIGN COUNTRIES. WINTER TERM CURRICULUM ALSO INCLUDES ADDITIONAL OPPORTUNITIES, PARTICULARLY FOR ADVANCED STUDENTS, SUCH AS CHOREOGRAPHIC WORKSHOP AND YEAR END PERFORMANCE. THE SCHOOL ALSO OFFERS A 5-WEEK INTENSIVE SUMMER COURSE. 212 STUDENTS TOOK PART IN THE SUMMER PROGRAM DURING FY 2023. FY 2023 ALSO SAW THE SIXTH YEAR OF A ONE-WEEK NEW YORK CITY JUNIOR PROGRAM THAT ENROLLED 132 STUDENTS. THE SCHOOL PROVIDED $1,052K IN TUITION SCHOLARSHIP AND AWARDS DURING FY23. FOR WINTER TERM, 19% OF DAY STUDENTS OTHER THAN THOSE ENROLLED IN TUITION FREE BOYS PROGRAM RECEIVED TUITION FINANCIAL AID. 51 STUDENTS WERE ENROLLED IN THE TUITION FREE BOYS PROGRAM. FOR NEW YORK SUMMER COURSE, 31% OF STUDENTS WERE AWARDED TUITION SCHOLARSHIPS. IN NEW YORK JUNIOR PROGRAM, 16% STUDENTS RECEIVED TUITION SCHOLARSHIPS. THE SCHOOL EXTENDS ITS PROGRAM EFFORTS IN THE NEW YORK METROPOLITAN AREA BY CONDUCTING COMMUNITY LECTURES/DEMONSTRATIONS AND COMMUNITY AUDITIONS.


OTHER PROGRAM SERVICES REFLECTS ADDITIONAL EARNED INCOME. INCLUDED HERE ARE FEES FROM LICENSING A BALLET TO WHICH GEORGE BALANCHINE GAVE SAB RIGHTS; THIS INCOME IS ADDED TO ENDOWMENT.


STUDENT SERVICES AND RESIDENCETHE SCHOOL PROVIDES SUPPORT SERVICES FOCUSED ON STUDENTS' OVERALL HEALTH AND WELL-BEING, INCLUDING NURSING CARE, NUTRITIONAL COUNSELING, ACADEMIC TUTORING, PILATES TRAINING AND PHYSICAL THERAPY FOR STUDENTS LIVING IN THE RESIDENCE HALL (54 DURING WINTER TERM AND 188 DURING SUMMER COURSE). STAFF MEMBERS PROVIDE ON-GOING SUPERVISION, ALONG WITH SEMINARS AS WELL AS CULTURAL AND SOCIAL ACTIVITIES. IN FY23, THE SCHOOL FURTHER DEVELOPED ITS PROFESSIONAL PLACEMENT PROGRAM TO ASSIST ADVANCED STUDENTS FOR PROFESSIONAL CAREERS. THE SCHOOL ENDEAVORS TO ENSURE THAT RACIALLY AND SOCIOECONOMICALLY DIVERSE STUDENTS HAVE ACCESS TO THE SCHOOL'S PROGRAMS AND PROVIDES FINANCIAL AID AND THE SUPPORT THROUGH ITS DIVERSITY, EQUITY, AND INCLUSION INITIATIVE. THE SCHOOL PROVIDED $335K IN RESIDENTIAL FINANCIAL AID AND AWARDS DURING FY23. FOR WINTER TERM, 54% OF RESIDENTIAL STUDENTS RECEIVED ROOM AND BOARD FINANCIAL AID. FOR NEW YORK SUMMER COURSE, 9% OF RESIDENTIAL STUDENTS WERE AWARDED ROOM AND BOARD SCHOLARSHIPS.


ACADEMIC SUBSIDIES AND OTHER STUDENT AIDTHE SCHOOL PROVIDED $120K IN FINANCIAL SUPPORT FOR HIGH SCHOOL EDUCATION OF 6 ADVANCED STUDENTS. IN ADDITION TO THIS, THE SCHOOL SPENT $25,810 FOR ON-SITE ACADEMIC CLASSES AND 8 STUDENTS BENEFITED FROM THIS PROGRAM. STUDENTS ALSO RECEIVED TOE SHOES AT A SUBSIDIZED RATE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,264,256
Related organizations$0
Government grants $1,350,672
All other contributions, gifts, grants, and similar amounts not included above$4,735,606
Noncash contributions included in lines 1a–1f $116,521
Total Revenue from Contributions, Gifts, Grants & Similar$7,350,534
Total Program Service Revenue$5,958,329
Investment income $1,390,806
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,678,481
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,024,168

Peer Organizations

Organization NameAssets
Curtis Institute Of Music
Philadelphia, PA
$43,513,793
Universal Ballet Foundation
Tarrytown, NY
$12,642,868
School Of American Ballet Inc
New York, NY
$13,024,168
Settlement Music School Of Philadelphia
Philadelphia, PA
$12,058,099
Usdan Center For The Creative And Performing Arts
Wheatley Heights, NY
$10,891,606
Society Of The Third Street Music School Settlement Inc
New York, NY
$10,995,495
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance
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$8,697,421
Professional Childrens School Inc
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$7,173,656
The Brooklyn Queens Conservatory Of Music
Brooklyn, NY
$5,888,686
South Shore Conservatory Of Music Inc
Hingham, MA
$4,130,071
Marlboro School Of Music Inc
Philadelphia, PA
$6,363,052
Neighborhood Music School Inc
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Academy Of Vocal Arts
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Friends Of The Mozartina Musical Arts Conservatory Inc
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Hoff Barthelson Music School
Scarsdale, NY
$4,053,239
David Hochstein Memorial Music School Inc
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$4,370,404
Diller-Quaile School Of Music Inc
New York, NY
$4,271,264
Music Conservatory Of Westchester
White Plains, NY
$3,484,657
Brooklyn Music School
Brooklyn, NY
$3,380,543
The Circus Barn Incorporated
Greensboro, VT
$2,683,082
Bloomingdale School Of Music Inc
New York, NY
$3,222,647
Community Music Center Of Boston
Boston, MA
$4,709,168
Herbert Berghof Studio Inc
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$2,246,128
Community Music School Of Springfield Inc
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$4,175,399
Society For Strings Inc
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$1,933,407

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