STATEN ISLAND BALLET THEATER INC

EIN: 133759761 501(c)(3)

STATEN ISLAND, NY

Total Revenue
$333,238
Total Expenses
$472,876
Total Assets
$226,459
Net Assets
$-107,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
ELLEN THARP
Phone
7189800500
Tax Period
2024-06-01 to 2025-05-31

STATEN ISLAND BALLET THEATER INC, founded in 1993, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $473K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE ORGANIZATION PROMOTES BALLET ARTS PROGRAMMING AND TRAINING FOR ALL GROUPS AND AGES, ADVANCING THE ARTS ECONOMY AND CULTURAL ENRICHMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $107,431
Program Service Revenue $209,363
Investment Income $63
Other Revenue $16,381
TOTAL REVENUE $333,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,065
Fundraising Expenses $57,210
Program Expenses $374,112
Other Expenses $263,811
TOTAL EXPENSES $472,876

Year-over-Year Comparison

2024 2023 Change
Revenue $333,238 $460,793 -0.3%
Expenses $472,876 $410,051 +0.2%
Net Income $-139,638 $50,742 -3.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
12
Employees
27
Volunteers
20

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$21,509
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN THARP CHAIR 50.00
Officer Director
$0 $0 $0
LUCIA DICHIARA ESQ CHIEF OPERAT 20.00
Officer
$21,509 $0 $21,509
PAUL THARP EXECUTIVE DI 20.00
Officer Director
$0 $0 $0
CHRISTINE DISTASIOS BOARD SECRET 15.00
Officer Director
$0 $0 $0
EUGENE SORENSEN BOARD MEMBER 2.00
Director
$0 $0 $0
ROSEANN SORENSEN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHELLE DESANTIS BOARD MEMBER 5.00
Director
$0 $0 $0
VIRGINIA ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
DONALD G DEROSA BOARD MEMBER 2.00
Director
$0 $0 $0
DANIELLE DEMASAY BOARD MEMBER 3.00
Director
$0 $0 $0
LINDA CONNIFF BOARD MEMBER 2.00
Director
$0 $0 $0
NORVILEL JACK BOARD MEMBER 2.00
Director
$0 $0 $0
LAURIE WETZLER BOARD MEMBER 3.00
Director
$0 $0 $0
NOUKO OHASHI WILSON BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $333,238 $472,876 $226,459 $-139,638
2024 $460,793 $410,051 $252,284 $50,742
2023 $338,629 $444,714 $153,308 $-106,085
2022 $411,136 $321,686 $263,367 $89,450
2021 $158,063 $133,320 $171,509 $24,743
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