TRIANGLE YOUTH BALLET

EIN: 561929772 501(c)(3) Arts, Culture & Humanities

CHAPEL HILL, NC

Total Revenue
$455,823
Total Expenses
$442,440
Total Assets
$350,646
Net Assets
$228,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NC
Principal Officer
LAUREN LORENTZ DE HAAS
Phone
9199322676
Tax Period
2024-07-01 to 2025-06-30

TRIANGLE YOUTH BALLET, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $456K in total revenue in fiscal year 2024.

Mission

THE COMPANY EXISTS TO TRAIN DANCERS AND TO INSTILL A DEEPER UNDERSTANDING OF DANCE ARTS IN OUR COMMUNITY. WE PLEDGE TO OFFER PROFESSIONAL TRAINING TO ASPIRING DANCERS THROUGH OUR CLASSES, TRAINING WORKSHOPS AND PERFORMANCE OPPORUNITIES. WE OPERATE A REPERTORY BALLET COMPANY TO PROVIDE PROFESSIONAL PERFORMANCE EXPERIENCE AND THE ESSENTIAL ELEMENT FOR OUR COMMUNITY OUTREACH PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $401,281 Revenue: $423,374

IN THE FISCAL YEAR JULY 2024 - JUNE 2025, WE CONTINUED OUR PARTNERSHIP WITH THE DURHAM ARTS COUNCIL. WE CONTINUED OUR TUITION ASSISTANCE PROGRAM AND MALE MERIT SCHOLARSHIP PROGRAMS. OUR PERFORMING...

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IN THE FISCAL YEAR JULY 2024 - JUNE 2025, WE CONTINUED OUR PARTNERSHIP WITH THE DURHAM ARTS COUNCIL. WE CONTINUED OUR TUITION ASSISTANCE PROGRAM AND MALE MERIT SCHOLARSHIP PROGRAMS. OUR PERFORMING COMPANIES ATTENDED CLASSES AND PERFORMED AT BOTH THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FESTIVAL OF DANCE IN WINSTON-SALEM, NORTH CAROLINA AND REGIONAL DANCE AMERICA NATIONAL FESTIVAL IN MEMPHIS, TENNESSE. OUR COMPANIES AND STUDENTS FROM OUR SCHOOL MOUNTED TWO FULL-LENGTH BALLETS: THE NUTCRACKER AND CINDERELLA. IN ADDITION, WE PERFORMED A VARIETY OF CHOREOGRAPHY FROM OUR REPERTOIRE FOR OUR DONORS AND SUPPORTERS AT THE PSI THEATRE AT THE DURHAM ARTS COUNCIL. IN COLLABORATION WITH THE CHAPEL HILL SERVICE LEAGUE WE HOSTED A TOY DRIVE WITH A PERFORMANCE TO RAISE AWARENESS AND FUNDS FOR THEIR ANNUAL CHRISTMAS HOUSE. WE PERFORMED A PARKING LOT HOLIDAY-THEMED PERFORMANCE FOR THEM. IN ADDITION WE WERE A DROP OFF LOCATION FOR GENTLY USED PROM DRESSES FOR CINDERELLA'S CLOSET, ANOTHER DRIVE MANAGED BY THE CHAPEL HILL SERVICE LEAGUE. THROUGH THE CAROLINA THEATRE'S ARTS DISCOVERY PROGRAM FOR NC SCHOOLS, WE STAGED AN HOUR LONG INTERACTIVE STAGE PRESENTATION "THINGS WORK BETTER WHEN WE WORK TOGETHER" USING THE DANCERS AND MEMBERS OF THE ORCHESTRA AND THE NUTCRACKER PRODUCTION TO EXEMPLIFY THIS CONCEPT AS WELL AS DANCE APPRECIATION AND HISTORY, AND MUSIC AS DANCE APPRECIATION AND HISTORY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,960
Program Service Revenue $417,501
Investment Income $27
Other Revenue $19,335
TOTAL REVENUE $455,823

Expense Breakdown

Grants Paid $7,031
Salaries & Benefits $142,006
Fundraising Expenses $6,390
Program Expenses $401,281
Other Expenses $293,403
TOTAL EXPENSES $442,440

Year-over-Year Comparison

2024 2023 Change
Revenue $455,823 $456,035 0.0%
Expenses $442,440 $440,971 +0.0%
Net Income $13,383 $15,064 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
13
Volunteers
120

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
3
$31,630
Total Directors
4
$31,630
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BUSHNELL DIRECTOR 4.00
Director
$0 $0 $0
LAUREN LORENTZ DE HAAS PRES/ARTISTIC DIRECTOR 50.00
Officer Director
$31,630 $0 $31,630
DAVE STUCKEY TREASURER/FINANCE OFFICER 4.00
Officer Director
$0 $0 $0
EBONIE PITTMAN SECRETARY 4.00
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
2025 $455,823 $442,440 $350,646 $13,383
2024 $456,035 $440,971 $339,064 $15,064
2023 $461,394 $439,692 $326,695 $21,702
2022 $332,012 $255,697 $306,512 $76,315
2021 $266,059 $209,323 $250,566 $56,736
2020 $329,947 $319,793 $218,927 $10,154
2019 $333,605 $332,179 $44,579 $1,426
2018 $351,708 $364,123 $58,972 $-12,415
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