FRENCH ACADEMIE OF BALLET INC

EIN: 452463922 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$44,801
Total Expenses
$33,638
Total Assets
$93,332
Net Assets
$92,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
FRANCOIS PERRON
Phone
6467030414
Tax Period
2021-06-01 to 2022-05-31

FRENCH ACADEMIE OF BALLET INC, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $45K in total revenue in fiscal year 2021. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11K, a strong 25% operating margin.

Mission

TO SHARE THE ART OF DANCE WITH THE COMMUNITY AT LARGE BY PROVIDING THE OPPORTUNITY TO EXPERIENCE AND LEARN FROM THE BEAUTY OF BALLET.

Program Service Accomplishments

Program 1
Expenses: $13,606 Revenue: $24,177

STUDENTS AUDITION FOR ACCEPTANCE INTO DANCE PROGRAM. MERIT AND FINANCIAL SCHOLARSHIPS ARE PROVIDED TO QUALIFIED STUDENTS. SCHOLARSHIPS ARE GIVEN AS A REDUCTION OF TUITION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $20,624
Program Service Revenue $24,168
Investment Income $9
Other Revenue $0
TOTAL REVENUE $44,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,178
Fundraising Expenses $0
Program Expenses $13,606
Other Expenses $25,460
TOTAL EXPENSES $33,638

Year-over-Year Comparison

2021 2020 Change
Revenue $44,801 $90,181 -0.5%
Expenses $33,638 $111,565 -0.7%
Net Income $11,163 $-21,384 -1.5%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$7,080
Total Directors
4
$7,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCOIS PERRON DIRECTOR 35.00
Officer Director
$6,840 $0 $6,840
RAEMAN KILFOIL TREASURER 2.00
Officer Director
$240 $0 $240
BRIAN GUGGIANA SECRETARY 2.00
Officer Director
$0 $0 $0
MOHAMMAD ULLAH PRESIDENT 2.00
Officer 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
2022 $44,801 $33,638 $93,332 $11,163
2021 $90,181 $111,565 $100,329 $-21,384
2020 $175,991 $179,296 $126,897 $-3,305
2018 $252,185 $251,778 $151,507 $407
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