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Carolina Ballet Theatre Inc

EIN 23-7282935 · Greenville, SC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair64 out of 100GovernanceFair56 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

CAROLINA BALLET THEATRE'S MISSION IS TO ENGAGE, EDUCATE AND ENTERTAIN AUDIENCES THROUGH THE DYNAMIC MEDIUM OF DANCE

Income
$532,928
Spending
$585,491
Spent on programs
95%
Reserves
1.3 months of spending
Largest source of income
fees for its services, 74%
Employees
1
Volunteers
62
Highest pay
$58,253, executive di

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 64 out of 100. Higher than 33% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.3 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 10% of income.

  • Income trend

    15 of 15

    Income rose 36% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 56 out of 100. Higher than 24% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $556,926 spent. IN CAROLINA BALLET THEATRE'S 2024-2025 SEASON, THE ORGANIZATION SERVED AS THE PEACE CENTER FOR THE PERFORMING ARTS RESIDENT PROFESSIONAL BALLET COMPANY. AS A PART OF ITS 53ND SEASON, CAROLINA BALLET THEATRE OFFERED 4 BALLETS. IN OCTOBER OF 2024, THE SEASON OPENED WITH THE PERFORMANCE OF NIGHT AT THE MUSEUM. CONTINUING THE LONGSTANDING CHRISTMAS TRADITION, CAROLINA BALLET THEATRE RETURNED TO THE CONCERT HALL OF THE PEACE CENTER FOR THE NUTCRACKER. IN MARCH OF 2024, THE COMPANY HOSTED AN OUTREACH PERFORMANCE WHICH BENEFITTED THE JULIE VALENTINE CENTER. FOR THE SEASON FINALE AT THE PEACE CENTER, THE COMPANY PERFORMED CINDERELLA. IN ADDITION TO THE TICKETED LIVE PERFORMANCES,CAROLINA BALLET THEATRE ALSO PARTICIPATED IN SEVERAL OUTREACH PROGRAMS. THE CAROLINA BALLET THEATRE BOYS IN BALLET PROGRAM WHICH PROVIDES SCHOLARSHIPS FOR SCHOOL AGE BOYS TO PARTICIPATE IN A FREE 20 WEEK PROGRAM. THIS YEAR CBT EXPANDED ITS STAFF OF PROFESSIONAL AND PREPROFESSIONAL DANCERS AS WELL AS CONTRACT MULTIPLE GUEST ARTISTS AND PRODUCTION CREW. THE COMPANY'S COMMUNITY CAST REPRESENTED OVER 140 STUDENT AGE DANCERS FROM MORE THAN 12 DANCE SCHOOLS IN THE UPSTATE AREA. IN CAROLINA BALLET THEATRE'S 2024-2025 SEASON, THE ORGANIZATION SERVED AS THE PEACE CENTER FOR THE PERFORMING ARTS RESIDENT PROFESSIONAL BALLET COMPANY. AS A PART OF ITS 53ND SEASON, CAROLINA BALLET THEATRE OFFERED 4 BALLETS. IN OCTOBER OF 2024, THE SEASON OPENED WITH THE PERFORMANCE OF NIGHT AT THE MUSEUM. CONTINUING THE LONGSTANDING CHRISTMAS TRADITION, CAROLINA BALLET THEATRE RETURNED TO THE CONCERT HALL OF THE PEACE CENTER FOR THE NUTCRACKER. IN MARCH OF 2024, THE COMPANY HOSTED AN OUTREACH PERFORMANCE WHICH BENEFITTED THE JULIE VALENTINE CENTER. FOR THE SEASON FINALE AT THE PEACE CENTER, THE COMPANY PERFORMED CINDERELLA. IN ADDITION TO THE TICKETED LIVE PERFORMANCES,CAROLINA BALLET THEATRE ALSO PARTICIPATED IN SEVERAL OUTREACH PROGRAMS. THE CAROLINA BALLET THEATRE BOYS IN BALLET PROGRAM WHICH PROVIDES SCHOLARSHIPS FOR SCHOOL AGE BOYS TO PARTICIPATE IN A FREE 20 WEEK PROGRAM. THIS YEAR CBT EXPANDED ITS STAFF OF PROFESSIONAL AND PREPROFESSIONAL DANCERS AS WELL AS CONTRACT MULTIPLE GUEST ARTISTS AND PRODUCTION CREW. THE COMPANY'S COMMUNITY CAST REPRESENTED OVER 140 STUDENT AGE DANCERS FROM MORE THAN 12 DANCE SCHOOLS IN THE UPSTATE AREA.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1977.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.