North Carolina · Nonprofit
CAROLINA BALLET INC
CAROLINA BALLET INC (North Carolina) receives grants from 55 organizations whose IRS filings report $7,851,067 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,460,950). 42 of them have funded it in more than one year.
- Revenue FY2025
- $7.6M
- Funders on record
- 55
- Grants received
- $7.9M
- Net assets
- $3.4M
What Carolina Ballet Inc does
Mission
Carolina ballet's mission is to perform world-class professional ballet, entertaining and enlightening audiences in raleigh, the triangle region, the state of north carolina, and beyond. Carolina ballet works to accomplish this mission by (cont. On sch. O)1) attracting, developing enlightening dancers and artistic personnel combined with a fiscally responsible management team and board of directors; 2) commissioning new works by innovative choreographers; 3) presenting traditional ballets of legendary masters; and 4) educating current and future audiences through programs for school children & young adults and other performance outreach activities.
As stated on its FY2025 Form 990.
Program
Carolina ballet offers classical works, traditional story ballets, and innovative new choreography, as well as an annual nutcracker program. We perform approximately 75-80 times each season. Each year, we donate over 2,500 tickets to community service nonprofits and perform a "free" nutcracker community performance in december. Since 1998, we have presented approximately 1,150 performances to more than 1m people.the ballet has reached more than 100,000 children (pre-k to high school) through various outreach and education programs. Such as dancers in schools which presents hands-on ballet demonstrations by professional dancers in elementary schools.continued on schedule owe continue to train and engage young and emerging dancers through our ruth s. Shur summer intensive, one of the top-rated summer ballet training programs in the country. Our school of carolina ballet (scb) offers professional dance training after school for ages 6 and up. Scb provides scholarships for economically disadvantaged students, regardless of race or gender.carolina ballet is proud of our organization's resilience, adaptability, and flexibility throughout the pandemic. We recently celebrated our 25th…
$7,926,099 spent$4,076,079 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $7,926,099.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.8M to $8.7M (+83%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 2% · 2020 2% · 2021 31% · 2022 26% · 2023 3% · 2024 3% · 2025 4%. Grants only. Government contracts and fees sit inside program revenue.
45% of CAROLINA BALLET INC’s revenue is contributions — about as donation-reliant as the typical peer (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Zalman Grinberg
Artistic director/CEO
Board chair
Ms Karen Foster
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 17 funders to 27 funders, grant income rose $558k → $986k.
16 of 55 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 50% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of CAROLINA BALLET INC’s funders (the co-funder graph). Top 30 of 55 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CAROLINA BALLET INC has a broad base — no single funder exceeds 19% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
52% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CAROLINA BALLET INC.
Largest funder’s share by year: 2017 27% · 2018 38% · 2019 40% · 2020 16% · 2021 25% · 2022 16% · 2023 20% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of CAROLINA BALLET INC's funders are still giving 3 years after their first grant; 76% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
59% of CAROLINA BALLET INC's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.9M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CAROLINA BALLET INC's funding base is broadening — from 17 funders to 27 as grant income climbed.
this organization peer median middle 50% of peers· 3,430 arts & culture nonprofits $1M–$10M, FY2025
Government funding CAROLINA BALLET INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $35k on record.
- National Endowment for the Arts$35k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like CAROLINA BALLET INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
90%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for CAROLINA BALLET INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CAROLINA BALLET INC?
- CAROLINA BALLET INC (North Carolina) receives grants from 55 organizations whose IRS filings report $7,851,067 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,460,950). 42 of them have funded it in more than one year.
- How many funders does CAROLINA BALLET INC have?
- IRS filings report 55 organizations giving $7,851,067 in grants to CAROLINA BALLET INC, 42 of which have funded it in more than one year.
- Who is the largest funder of CAROLINA BALLET INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $1,460,950 in grants. The full list of funders is on this page.
- How can an organization like CAROLINA BALLET INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Carolina Ballet →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 55 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing