Festival Ballet Albuquerque
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE CORPORATION IS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, TO FURTHER THE APPRECIATION AND ADVANCEMENT IN THE COMMUNITY OF THE ART OF DANCE, TO PROVIDE PERFORMANCE AND EDUCATIONAL OPPORTUNITIES TO STUDENTS OF DANCE, AND TO PROVIDE OPPORTUNITIES FOR THIS COMMUNITY TO BE ENRICHED THROUGH THE PUBLIC PERFORMANCE OF DANCE, AND TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OF FINANCIAL GAIN, EXCEPT AS PERMITTED UNDER THE NEW MEXICO NONPROFIT CORPORATION ACT.
- Income
- $261,013
- Spending
- $247,220
- Spent on programs
- 85%
- Reserves
- 1.4 months of spending
- Largest source of income
- fees for its services, 61%
- Employees
- 5
- Volunteers
- 105
- Highest pay
- $1,100, executive di
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 71 out of 100. Higher than 44% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 1.4 months of spending.
Debt
16 of 20It owes 21% of what it owns.
Living within its means
15 of 15Income exceeded spending by 5% of income.
Income trend
15 of 15Income rose 46% on the year before.
Spending floor
15 of 1585% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 46 out of 100. Higher than 11% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 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)
- $210,642 spent. FROM JANUARY THROUGH EARLY MAY, FBA DANCERS, CHOREOGRAPHERS AND DIRECTOR WERE WORKING ON THE SPRING PRODUCTION OF AN ORIGINAL PRODUCTION OF ROMEO & JULIET PRESENTED IN MAY AT THE NATIONAL HISPANIC CULTURAL CENTER, WHICH WAS A FIRST-TIME PRODUCTION FOR FBA. FBA PRESENTED A FREE SPECIAL SHOW ON THE FINAL DRESS REHEARSAL PRESENTED TO CLIENTS OF HEALTH AND HUMAN RESOURCE ORGANIZATIONS WHOSE CLIENTS INCLUDE THE HOMELESS, DOMESTICALLY ABUSED WOMEN AND CHILDREN, EDUCATIONAL INITIATIVES INCLUDING STUDENT OF TITLE 1 SCHOOLS, FAMILIES OF INCARCERATED INDIVIDUALS, AND RESIDENTS OF RECOVERY HOMES AND HALF-WAY HOUSES. IT IS GIFTED TO THE COMMUNITY TO PROVIDE THE OPPORTUNITY FOR OVER 600 UNDERSERVED INDIVIDUALS TO HAVE THE OPPORTUNITY TO SEE PERFORMANCES OF THIS CALIBER THAT THEY OTHERWISE WOULD NOT HAVE ACCESS TO. -FOR ONE WEEK IN MARCH, FBA DANCERS TRAVELED TO FT. SMITH, ARKANSAS TO PRESENT TWO PIECES OF CHOREOGRAPHY CHOSEN FOR THE REGIONAL DANCE AMERICA (RDA/SW). RDA IS A PRESTIGIOUS NATIONAL DANCE ORGANIZATION OF WHICH FBA IS A SOUTHWEST REGIONAL MEMBER AND IS THE ONLY ADJUDICATED AND ACCEPTED MEMBER FROM NEW MEXICO. TWO WORKS OF CHOREOGRAPHY WERE PRESENTED, INCLUDING ONE FBA DANCER BEING CHOSEN FROM HUNDREDS THROUGHOUT THE SOUTHWEST TO PERFORM AS AN OUTSTANDING SOLOIST, AND WHO IS A NATIVE NEW MEXICAN TRAINED AT FBA SINCE HE WAS 4 YEARS OLD. _ADDITIONALLY, THROUGH OUT THE SPRING MONTHS, FBA PERFORMED FREE ON-SITE MOBILE HISTORY OF DANCE AND DISCOVERY WORKSHOPS THROUGHOUT THE ALBUQUERQUE PUBLIC SCHOOLS AS PART OF ITS VAST OUTREACH PROGRAM FOR LOCAL UNDERSERVED COMMUNITIES. FBA PERFORMED FOR TEN PRIMARILY TITLE 1 ELEMENTARY SCHOOLS THROUGH A GENEROUS GRANT FROM THE CITY OF ALBUQUERQUE URBAN ENHANCEMENT TRUST FUND. -IN AUGUST, FBA HELD CITY-WIDE AUDITIONS FOR THE UPCOMING 2025-2026 SEASON, GAINING MANY NEW DANCERS IN BOTH THE PROFESSIONAL LEVEL AND THE PRE- PROFESSIONAL LEVELS. -IN NOVEMBER, FBA SERVED AS GUESTS OF THE NEW MEXICO HISPANIC HERITAGE COMMITTEE TO PERFORM AT THE PRESENTATION EVENT OF THE HISPANIC HERITAGE COMMITTEES FOR THEIR CORAZON DE CULTURA AWARDS. IN ATTENDANCE WAS THE MAYOR OF ALBUQUERQUE, THE LT. GOVERNOR, THE AMBASSADORS TO MEXICO AND SPAIN, SEVERAL CITY OF ALBUQUERQUE CITY COUNCILORS, SEVERAL BERNALILLO COUNTY COMMISSIONERS, AND MANY OTHER DIGNITARIES. -IN DECEMBER, FBA PRODUCED NUTCRACKER IN THE LAND OF ENCHANTMENT. FBA PROVIDED 5 PUBLIC SHOWS, NEARLY ALL SOLD OUT, AS THIS REGIONAL NUTCRACKER BALLET HAS BECOME A FAVORITE ANNUAL HOLIDAY TRADITION WHERE ENTIRE FAMILIES ATTEND. A FREE SPECIAL SHOW ON THE LAST DRESS REHEARSAL WAS PRESENTED TO CLIENTS OF HEALTH AND HUMAN RESOURCE ORGANIZATIONS WHOSE CLIENTS INCLUDE THE HOMELESS, DOMESTICALLY ABUSED WOMEN AND CHILDREN, EDUCATIONAL INITIATIVES INCLUDING STUDENT OF TITLE 1 SCHOOLS, FAMILIES OF INCARCERATED INDIVIDUALS, AND RESIDENTS OF RECOVERY HOMES AND HALF-WAY HOUSES. IT IS GIFTED TO THE COMMUNITY TO PROVIDE THE OPPORTUNITY FOR OVER 600 UNDERSERVED INDIVIDUALS TO HAVE THE OPPORTUNITY TO SEE PERFORMANCES OF THIS CALIBER THAT THEY OTHERWISE WOULD NOT HAVE ACCESS TO. ADDITIONALLY, FBA PROVIDED TWO SCHOOL-TIME SHOW THERE IN THE NHCC THEATER FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS FOR A GREATLY REDUCED PRICE, AND IN SOME CASES FOR TITLE 1 SCHOOLS, STUDENTS ATTENDED FOR FREE. FROM JANUARY THROUGH EARLY MAY, FBA DANCERS, CHOREOGRAPHERS AND DIRECTOR WERE WORKING ON THE SPRING PRODUCTION OF AN ORIGINAL PRODUCTION OF ROMEO & JULIET PRESENTED IN MAY AT THE NATIONAL HISPANIC CULTURAL CENTER, WHICH WAS A FIRST-TIME PRODUCTION FOR FBA. FBA PRESENTED A FREE SPECIAL SHOW ON THE FINAL DRESS REHEARSAL PRESENTED TO CLIENTS OF HEALTH AND HUMAN RESOURCE ORGANIZATIONS WHOSE CLIENTS INCLUDE THE HOMELESS, DOMESTICALLY ABUSED WOMEN AND CHILDREN, EDUCATIONAL INITIATIVES INCLUDING STUDENT OF TITLE 1 SCHOOLS, FAMILIES OF INCARCERATED INDIVIDUALS, AND RESIDENTS OF RECOVERY HOMES AND HALF-WAY HOUSES. IT IS GIFTED TO THE COMMUNITY TO PROVIDE THE OPPORTUNITY FOR OVER 600 UNDERSERVED INDIVIDUALS TO HAVE THE OPPORTUNITY TO SEE PERFORMANCES OF THIS CALIBER THAT THEY OTHERWISE WOULD NOT HAVE ACCESS TO. -FOR ONE WEEK IN MARCH, FBA DANCERS TRAVELED TO FT. SMITH, ARKANSAS TO PRESENT TWO PIECES OF CHOREOGRAPHY CHOSEN FOR THE REGIONAL DANCE AMERICA (RDA/SW). RDA IS A PRESTIGIOUS NATIONAL DANCE ORGANIZATION OF WHICH FBA IS A SOUTHWEST REGIONAL MEMBER AND IS THE ONLY ADJUDICATED AND ACCEPTED MEMBER FROM NEW MEXICO. TWO WORKS OF CHOREOGRAPHY WERE PRESENTED, INCLUDING ONE FBA DANCER BEING CHOSEN FROM HUNDREDS THROUGHOUT THE SOUTHWEST TO PERFORM AS AN OUTSTANDING SOLOIST, AND WHO IS A NATIVE NEW MEXICAN TRAINED AT FBA SINCE HE WAS 4 YEARS OLD. _ADDITIONALLY, THROUGH OUT THE SPRING MONTHS, FBA PERFORMED FREE ON-SITE MOBILE HISTORY OF DANCE AND DISCOVERY WORKSHOPS THROUGHOUT THE ALBUQUERQUE PUBLIC SCHOOLS AS PART OF ITS VAST OUTREACH PROGRAM FOR LOCAL UNDERSERVED COMMUNITIES. FBA PERFORMED FOR TEN PRIMARILY TITLE 1 ELEMENTARY SCHOOLS THROUGH A GENEROUS GRANT FROM THE CITY OF ALBUQUERQUE URBAN ENHANCEMENT TRUST FUND. -IN AUGUST, FBA HELD CITY-WIDE AUDITIONS FOR THE UPCOMING 2025-2026 SEASON, GAINING MANY NEW DANCERS IN BOTH THE PROFESSIONAL LEVEL AND THE PRE- PROFESSIONAL LEVELS. -IN NOVEMBER, FBA SERVED AS GUESTS OF THE NEW MEXICO HISPANIC HERITAGE COMMITTEE TO PERFORM AT THE PRESENTATION EVENT OF THE HISPANIC HERITAGE COMMITTEES FOR THEIR CORAZON DE CULTURA AWARDS. IN ATTENDANCE WAS THE MAYOR OF ALBUQUERQUE, THE LT. GOVERNOR, THE AMBASSADORS TO MEXICO AND SPAIN, SEVERAL CITY OF ALBUQUERQUE CITY COUNCILORS, SEVERAL BERNALILLO COUNTY COMMISSIONERS, AND MANY OTHER DIGNITARIES. -IN DECEMBER, FBA PRODUCED NUTCRACKER IN THE LAND OF ENCHANTMENT. FBA PROVIDED 5 PUBLIC SHOWS, NEARLY ALL SOLD OUT, AS THIS REGIONAL NUTCRACKER BALLET HAS BECOME A FAVORITE ANNUAL HOLIDAY TRADITION WHERE ENTIRE FAMILIES ATTEND. A FREE SPECIAL SHOW ON THE LAST DRESS REHEARSAL WAS PRESENTED TO CLIENTS OF HEALTH AND HUMAN RESOURCE ORGANIZATIONS WHOSE CLIENTS INCLUDE THE HOMELESS, DOMESTICALLY ABUSED WOMEN AND
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
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 October 13, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 21, 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.