COLORADO BALLET

EIN: 846038137 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$17,595,692
Total Expenses
$17,375,044
Total Assets
$19,500,154
Net Assets
$16,775,579
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
CO
Principal Officer
SAMEED AFGHANI
Phone
3038378888
Tax Period
2024-07-01 to 2025-06-30

COLORADO BALLET, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $17.6M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

COLORADO BALLET'S MISSION IS TO PRESENT EXCEPTIONAL CLASSICAL BALLET AND CONTEMPORARY DANCE THROUGH PERFORMANCES, TRAINING, EDUCATION AND COMMUNITY ENGAGEMENT WHILE INSPIRING AND GROWING AN INCREASINGLY DIVERSE AUDIENCE BASE.

Program Service Accomplishments

Program 1
Expenses: $10,909,051 Revenue: $7,391,636

PERFORMANCES:UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR GIL BOGGS AND HIS ARTISTIC TEAM, COLORADO BALLET COMPANY REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON, THE COMPANY...

Read more

PERFORMANCES:UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR GIL BOGGS AND HIS ARTISTIC TEAM, COLORADO BALLET COMPANY REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON, THE COMPANY PERFORMS TECHNICALLY CHALLENGING CLASSICAL BALLET AS WELL AS INNOVATIVE CONTEMPORARY PREMIERES. THE COMPANY'S 40 PROFESSIONAL DANCERS COME FROM ALL OVER THE WORLD, INCLUDING JAPAN, CANADA, FRANCE, COLOMBIA, AND THE UNITED STATES. ADDITIONALLY, THE STUDIO COMPANY PROVIDES BETWEEN 20 AND 25 YOUNG DANCERS WITH TRAINING AND PERFORMANCE OPPORTUNITIES AS A START TO A PROFESSIONAL CAREER IN BALLET.

Program 2
Expenses: $2,660,701 Revenue: $3,220,966

EDUCATION AND ACADEMY:COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. OUR TEAM OFFERS DANCE EDUCATION VIA AFTER-SCHOOL PROGRAMS, IN-SCHOOL...

Read more

EDUCATION AND ACADEMY:COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. OUR TEAM OFFERS DANCE EDUCATION VIA AFTER-SCHOOL PROGRAMS, IN-SCHOOL ASSEMBLIES, STUDENT MATINEES, LIVE STREAM PERFORMANCES, DANCE TECHNIQUE, ARTS INTEGRATION, STEAM WORKSHOPS, ACCESSIBILITY PROGRAMS, ADULT EDUCATION, AND EDUCATOR PROFESSIONAL DEVELOPMENT. OUR MISSION IS SIMPLE - EVERY. BODY. DANCE! PROGRAMS ARE OFFERED TO STUDENTS AND COMMUNITY MEMBERS LEAST LIKELY TO ACCESS DANCE INDEPENDENTLY AND FOR WHOM IT COULD HAVE THE GREATEST IMPACT, WITH THE INTENTION TO BRING DIVERSE COMMUNITIES TOGETHER TO OVERCOME REAL AND PERCEIVED BARRIERS. (CONTINUED ON SCHEDULE O)COLORADO BALLET'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS MADE APPROXIMATELY 69,000 COMMUNITY CONTACTS DURING THE 2024-2025 SEASON AND 3,000 SCHOOLS AND ORGANIZATIONS WERE REACHED NATIONWIDE. WE AWARDED $133,000 IN NEED-BASED SCHOLARSHIPS. AS THE PREMIER BALLET TRAINING INSTITUTION IN THE STATE, THE RAYDEAN ACEVEDO COLORADO BALLET ACADEMY (CBA) PROVIDES PROFESSIONAL CLASSICAL BALLET TRAINING AND MENTORSHIP. THROUGHOUT THE YEAR, CBA ALSO OFFERS DANCE CLASSES IN OTHER STYLES, WORKSHOPS, AUDITIONS, AND SUMMER PROGRAMS FOR ALL LEVELS. UNDER THE GUIDANCE OF ACADEMY DIRECTOR ERICA FISCHBACH, CBA ACTIVELY FOSTERS A POSITIVE LEARNING ENVIRONMENT THAT EMPOWERS APPROXIMATELY 1,500 STUDENTS ANNUALLY TO FREELY AND CREATIVELY EXPRESS THEMSELVES WHILE CULTIVATING THEIR TECHNIQUE AND MUSICALITY. THE CURRICULUM IS GROUNDED IN CLASSICAL BALLET TRAINING WITH ELEMENTS OF THE RUSSIAN, FRENCH AND ITALIAN SCHOOLS. THE RESULT OF THIS TRAINING IS SEASONED DANCERS WHO THRIVE PROFESSIONALLY UNDER THE DIVERSE CHOREOGRAPHIC DEMANDS OF DANCERS TODAY. CBA STUDENTS COME FROM A VARIETY OF BACKGROUNDS, AGES, AND LEVELS WITH UNIQUE GOALS AND ASPIRATIONS. TO LOWER THE BARRIER TO ACCESS TRAINING AT CBA, SCHOLARSHIPS ARE AWARDED TO DESERVING AND TALENTED STUDENTS WHO WOULD NOT OTHERWISE HAVE THE OPPORTUNITY TO PURSUE A DANCE EDUCATION. ACADEMY STUDENTS COMPETE EACH YEAR AT THE YOUTH AMERICA GRAND PRIX (YAGP), AN INTERNATIONAL BALLET COMPETITION. LAST SEASON, 15 ACADEMY STUDENTS WENT ON TO THE INTERNATIONAL FINALS, AND AN ACADEMY ENSEMBLE PLACED THIRD. THE ACADEMY AWARDED $204,000 IN SCHOLARSHIPS TO DESERVING STUDENTS DURING THE 2024-2025 SEASON.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,481,377
Program Service Revenue $10,365,223
Investment Income $587,157
Other Revenue $161,935
TOTAL REVENUE $17,595,692

Expense Breakdown

Grants Paid $2,641,332
Salaries & Benefits $8,208,428
Fundraising Expenses $696,514
Program Expenses $13,569,752
Other Expenses $6,525,284
TOTAL EXPENSES $17,375,044

Year-over-Year Comparison

2024 2023 Change
Revenue $17,595,692 $14,093,004 +0.2%
Expenses $17,375,044 $15,667,847 +0.1%
Net Income $220,648 $-1,574,843 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
30
Independent Members
30
Employees
343
Volunteers
169

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
6
$554,278
Total Directors
30
$0
Key Employees
1
$178,885
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLENN BOGGS ARTISTIC DIRECTOR 40.00
Officer
$313,939 $28,961 $342,900
SAMEED AFGHANI EXECUTIVE DIRECTOR 40.00
Officer
$208,998 $2,380 $211,378
KAREN SUMNER THRU DEC '24 CHIEF ADVANCEMENT OFFICER 40.00
Key Emp
$173,303 $5,582 $178,885
RACHEL PEREZ DIRECTOR OF MARKETING & COMMUNICATIONS 40.00
Highest
$116,711 $10,382 $127,093
ERICA FISCHBACH DIRECTOR OF ACADEMY 44.28
Highest
$109,465 $13,482 $122,947
JANINA FALIK DIRECTOR OF ACCOUNTING 41.19
Highest
$105,963 $7,101 $113,064
MICHELLE MOORMAN APPLEGATE BOARD CO-CHAIR 2.00
Officer Director
$0 $0 $0
BRENT BACKES FINANCE CO-CHAIR 2.00
Officer Director
$0 $0 $0
CURT HOCKEMEIER FINANCE CO-CHAIR 2.00
Officer Director
$0 $0 $0
GEOFF LONG BOARD CO-CHAIR 2.00
Officer Director
$0 $0 $0
JOANNE ZBOYAN- EDUCATION COMMUNITY ENGAGEMENT CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
MERRY LOGAN EMERITUS LIAISON/TRUSTEE 2.00
Director
$0 $0 $0
ALYSON GRAVES ADVANCEMENT CO-CHAIR/TRUST 2.00
Director
$0 $0 $0
DOUGLAS RICHARDS ADVANCEMENT CO-CHAIR/TRUST 2.00
Director
$0 $0 $0
CHRISTINA RAYA LONG RANGE PLANNING CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
RAYDEAN ACEVEDO ACADEMY CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
HOLLY BAROWAY ACADEMY CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
RICHARD KYLBERG MARKETING CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM HARTMAN MARKETING CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL KORENBLAT BOARD GOVERNANCE CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
BERNEE STROM BOARD GOVERNANCE CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH KATKIN LONG-RANGE PLANNING CO-CHAIR/TRUSTEE 2.00
Director
$0 $0 $0
DENISE SANDERSON ADVANCEMENT CO-CHAIR/TRUST 2.00
Director
$0 $0 $0
SUSAN BAILEY TRUSTEE 0.25
Director
$0 $0 $0
HEATHER BEISER TRUSTEE 0.25
Director
$0 $0 $0
ANN FRICK TRUSTEE 0.25
Director
$0 $0 $0
KAYE FERRY TRUSTEE 0.25
Director
$0 $0 $0
ANNE M HILLARY TRUSTEE 0.25
Director
$0 $0 $0
JANE NETZORG TRUSTEE 0.25
Director
$0 $0 $0
EMILY GARNETT TRUSTEE 0.25
Director
$0 $0 $0
VICTORIA PHARES TRUSTEE 0.25
Director
$0 $0 $0
CHERI RUBIN TRUSTEE 0.25
Director
$0 $0 $0
RICHARD SAUNDERS TRUSTEE 0.25
Director
$0 $0 $0
SUZAN SCHLATTER TRUSTEE 0.25
Director
$0 $0 $0
BRAD SONNENBERG TRUSTEE 0.25
Director
$0 $0 $0
NANCY STEVENS TRUSTEE 0.25
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 $17,595,692 $17,375,044 $19,500,154 $220,648
2024 $14,093,004 $15,667,847 $18,331,057 $-1,574,843
2023 $15,682,057 $13,084,155 $19,078,285 $2,597,902
2022 $15,572,511 $11,179,565 $17,371,556 $4,392,946
2021 $6,810,806 $4,783,468 $12,835,924 $2,027,338
2020 $9,808,216 $9,393,810 $10,776,318 $414,406
2019 $10,705,778 $9,579,548 $9,653,805 $1,126,230
2018 $8,832,061 $8,175,994 $8,139,887 $656,067
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare COLORADO BALLET with other nonprofits in Colorado and across the country.