Civic Intelligence

Carolina Youth Ballet Inc

EIN 56-2273997 • 501(c)3 • Cary, NC

Profile

The mission of the carolina youth ballet is to provide public performing opportunities for talented middle and secondary school level dancers and to educate the community about the training of young dancers and the creation and choreography of classical ballet, and the opportunity to see classical ballet in a community environment at a reasonable cost.in addition to cultivating the discipline, technique, and grace required of world-class dancers, cyb's mission focuses on developing an appreciation of ballet within the community. Cyb performances provide an opportunity for our community to enjoy exceptional ballet performed by local youth at an affordable, family price. Educational studies show that participation in the arts, as a performer or an observer, enhances creative thinking and writing skills, stimulates higher level thought processes, and improves listening skills.

2918 Kildare Farm RoadCary, NC 27518

triangle-academy-dance.com/CAROLINA-YOUTH-BALLET

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2025

Net Margin

16th percentile

-23%

Higher net margin than 16% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2025

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE A • <$500k nonprofits • Source year 2025

Asset Growth

24th percentile

-22%

Faster asset growth than 24% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

4.4%

Faster revenue growth than 53% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$118,311

Down $33,862 (-22%) from 2024

Liabilities

Down

$286

Down $679 (-70%) from 2024

Net Assets

Down

$118,025

Down $33,183 (-22%) from 2024

Revenue

Up

$141,556

Up $5,917 (+4.4%) from 2024

Expenses

Up

$174,739

Up $46,488 (+36%) from 2024

Net Income

Down

-$33,183

Down $40,571 (-549%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2012: $27,354Liabilities 2012: $02012Assets 2013: $48,034Liabilities 2013: $0Net Assets 2013: $48,0342013Assets 2014: $74,732Liabilities 2014: $0Net Assets 2014: $74,7322014Assets 2015: $85,140Liabilities 2015: $0Net Assets 2015: $85,1402015Assets 2016: $101,808Liabilities 2016: $808Net Assets 2016: $101,0002016Assets 2017: $97,605Liabilities 2017: $437Net Assets 2017: $97,1682017Assets 2018: $108,325Liabilities 2018: $470Net Assets 2018: $107,8552018Assets 2019: $120,737Liabilities 2019: $550Net Assets 2019: $120,1872019Assets 2020: $113,888Liabilities 2020: $1,353Net Assets 2020: $112,5352020Assets 2021: $128,525Liabilities 2021: $654Net Assets 2021: $127,8712021Assets 2022: $133,249Liabilities 2022: $977Net Assets 2022: $132,2722022Assets 2023: $144,495Liabilities 2023: $675Net Assets 2023: $143,8202023Assets 2024: $152,173Liabilities 2024: $965Net Assets 2024: $151,2082024Assets 2025: $118,311Liabilities 2025: $286Net Assets 2025: $118,0252025

Highlighted filing

2025

Assets$118,311
Liabilities$286
Net Assets$118,025

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2012: $69,409Expenses 2012: $61,807Net Income 2012: $7,6022012Revenue 2013: $79,412Expenses 2013: $58,732Net Income 2013: $20,6802013Revenue 2014: $84,987Expenses 2014: $58,289Net Income 2014: $26,6982014Revenue 2015: $95,612Expenses 2015: $84,439Net Income 2015: $11,1732015Revenue 2016: $103,294Expenses 2016: $87,434Net Income 2016: $15,8602016Revenue 2017: $100,673Expenses 2017: $104,505Net Income 2017: -$3,8322017Revenue 2018: $109,132Expenses 2018: $98,445Net Income 2018: $10,6872018Revenue 2019: $120,355Expenses 2019: $108,023Net Income 2019: $12,3322019Revenue 2020: $110,087Expenses 2020: $117,739Net Income 2020: -$7,6522020Revenue 2021: $88,488Expenses 2021: $73,152Net Income 2021: $15,3362021Revenue 2022: $89,454Expenses 2022: $85,053Net Income 2022: $4,4012022Revenue 2023: $96,377Expenses 2023: $84,829Net Income 2023: $11,5482023Revenue 2024: $135,639Expenses 2024: $128,251Net Income 2024: $7,3882024Revenue 2025: $141,556Expenses 2025: $174,739Net Income 2025: -$33,1832025

Highlighted filing

2025

Revenue$141,556
Expenses$174,739
Net Income-$33,183

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$1.42$1.75$0.33
2024Detailed filing. Detailed filing data is available for this year.$1.52$0.01$1.51$1.36$1.28$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.44$0.96$0.85$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.32$0.89$0.85$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.01$1.28$0.88$0.73$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.13$1.10$1.18$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.20$1.20$1.08$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$1.09$0.98$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.97$1.01$1.05$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.01$1.01$1.03$0.87$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.96$0.84$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.85$0.58$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.00$0.48$0.79$0.59$0.21
2012Summary only. Only limited summary data is available for this year.$0.27$0.00$0.69$0.62$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 30, 2025
Return Version
2024v5.2
Gross Receipts
$142,256
Mission and Program Overview

Mission

THE MISSION OF THE CAROLINA YOUTH BALLET IS TO PROVIDE PUBLIC PERFORMING OPPORTUNITIES FOR TALENTED MIDDLE AND SECONDARY SCHOOL LEVEL DANCERS AND TO EDUCATE THE COMMUNITY ABOUT THE TRAINING OF YOUNG DANCERS AND THE CREATION AND CHOREOGRAPHY OF CLASSICAL BALLET, AND THE OPPORTUNITY TO SEE CLASSICAL BALLET IN A COMMUNITY ENVIRONMENT AT REASONABLE COST.In addition to cultivating the discipline, technique, and grace required of world-class dancers, CYB's mission focuses on developing an appreciation of ballet within the community. CYB performances provide an opportunity for our community to enjoy exceptional ballet performed by local youth at an affordable, family price. Educational studies show that participation in the arts, as a performer or an observer, enhances creative thinking and writing skills, stimulates higher level thought processes, and improves listening skills.

The mission of the carolina youth ballet is to provide public performing opportunities for talented middle and secondary school level dancers and to educate the community about the training of young dancers and the creation and choreography of classical ballet, and the opportunity to see classical ballet in a community environment at a reasonable cost.in addition to cultivating the discipline, technique, and grace required of world-class dancers, cyb's mission focuses on developing an appreciation of ballet within the community. Cyb performances provide an opportunity for our community to enjoy exceptional ballet performed by local youth at an affordable, family price. Educational studies show that participation in the arts, as a performer or an observer, enhances creative thinking and writing skills, stimulates higher level thought processes, and improves listening skills.

Program Services

DescriptionGrantsExpenses
2 MAJOR PERFORMANCES PER YEAR OPEN TO THE PUBLIC; SPECIAL EVENT PERFORMANCES IN THE COMMUNITY; PROVIDE LECTURE DEMONSTRATIONS AT SCHOOLS$0$161,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANNETTE HAGOPIANExec. DirectorPT$0--
CINDY MCGOWENSecretary-$0--
STEPHANIE HOLTTreasurer-$0--
JULIA YOUNG KIRKPATRICKMember-$0--
Filing and Contact Details

Filer

Filer Name
Carolina Youth Ballet Inc
EIN
56-2273997
Phone
9193871298
Address
2918 KILDARE FARM ROAD, CARY, NC 27518

Signing Officer

Name
Annette Hagopian
Title
Executive Director
Phone
9193871298
Signed
2025-08-30
Discuss with paid preparer
Yes

Preparer

Firm
Steward Ingram & Cooper Pllc
Address
PO BOX 167, MORRISVILLE, NC 27560
Preparer
Stephanie B Holt CPA
Phone
9198720866
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: bank interest. Amount: 5.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: program services - instructors. Amount: 18,978. Description: program services - theatre rental. Amount: 51,149. Description: program services - costumes. Amount: 2,615. Description: management & general expenses. Amount: 12,034. Description: program services - production supplies & expenses. Amount: 15,964. Description: program services - shirts. Amount: 6,700. Description: program services - workshops. Amount: 1,918. Description: program services - backdrops and props. Amount: 9,888. Description: program service - videographer. Amount: 8,280. Description: program service - storage costs. Amount: 8,881. Total to form 990-ez, line 16: 136,407.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: credit card payable. Beg. Of year amount: 965. End of year amount: 286.

Raw XML Appendix180 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE CAROLINA YOUTH BALLET IS TO PROVIDE PUBLIC PERFORMING OPPORTUNITIES FOR TALENTED MIDDLE AND SECONDARY SCHOOL LEVEL DANCERS AND TO EDUCATE THE COMMUNITY ABOUT THE TRAINING OF YOUNG DANCERS AND THE CREATION AND CHOREOGRAPHY OF CLASSICAL BALLET, AND THE OPPORTUNITY TO SEE CLASSICAL BALLET IN A COMMUNITY ENVIRONMENT AT A REASONABLE COST.IN ADDITION TO CULTIVATING THE DISCIPLINE, TECHNIQUE, AND GRACE REQUIRED OF WORLD-CLASS DANCERS, CYB'S MISSION FOCUSES ON DEVELOPING AN APPRECIATION OF BALLET WITHIN THE COMMUNITY. CYB PERFORMANCES PROVIDE AN OPPORTUNITY FOR OUR COMMUNITY TO ENJOY EXCEPTIONAL BALLET PERFORMED BY LOCAL YOUTH AT AN AFFORDABLE, FAMILY PRICE. EDUCATIONAL STUDIES SHOW THAT PARTICIPATION IN THE ARTS, AS A PERFORMER OR AN OBSERVER, ENHANCES CREATIVE THINKING AND WRITING SKILLS, STIMULATES HIGHER LEVEL THOUGHT PROCESSES, AND IMPROVES LISTENING SKILLS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK INTEREST. AMOUNT: 5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PROGRAM SERVICES - INSTRUCTORS. AMOUNT: 18,978. DESCRIPTION: PROGRAM SERVICES - THEATRE RENTAL. AMOUNT: 51,149. DESCRIPTION: PROGRAM SERVICES - COSTUMES. AMOUNT: 2,615. DESCRIPTION: MANAGEMENT & GENERAL EXPENSES. AMOUNT: 12,034. DESCRIPTION: PROGRAM SERVICES - PRODUCTION SUPPLIES & EXPENSES. AMOUNT: 15,964. DESCRIPTION: PROGRAM SERVICES - SHIRTS. AMOUNT: 6,700. DESCRIPTION: PROGRAM SERVICES - WORKSHOPS. AMOUNT: 1,918. DESCRIPTION: PROGRAM SERVICES - BACKDROPS AND PROPS. AMOUNT: 9,888. DESCRIPTION: PROGRAM SERVICE - VIDEOGRAPHER. AMOUNT: 8,280. DESCRIPTION: PROGRAM SERVICE - STORAGE COSTS. AMOUNT: 8,881. TOTAL TO FORM 990-EZ, LINE 16: 136,407.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 965. END OF YEAR AMOUNT: 286.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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