Skip to content
Nonprofiteer
← BALLET THEATRE FOUNDATION INC

Form 990 for tax year 2022

Filed by BALLET THEATRE FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 21 July 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$37,561,780 changed to $37,444,472
Total expenses
$45,351,350 changed to $46,227,055
Contributions and grants received
$21,507,207 changed to $21,171,769
Grants paid
$395,476 changed to $538,401
Program service revenue
$15,318,907 changed to $15,528,304
Other revenue
$64,893 changed to $73,626
Total assets, end of year
$75,851,680 changed to $74,870,943
Total liabilities, end of year
$12,969,407 changed to $14,430,116
Net assets or fund balances, end of year
$62,882,273 changed to $60,440,827
Program services expenses
$38,480,627 changed to $39,088,983
Management and general expenses
$4,114,145 changed to $4,365,633
Fundraising expenses
$2,756,578 changed to $2,772,439
Program service expenses (Part III)
$38,480,627 changed to $39,088,983

Totals

Total revenue
$37,561,780
Total expenses
$45,351,350
Contributions and grants received
$21,507,207
Grants paid
$395,476
Program service revenue
$15,318,907
Investment income
$670,773
Other revenue
$64,893
Total assets, end of year
$75,851,680
Total liabilities, end of year
$12,969,407
Net assets or fund balances, end of year
$62,882,273
Program services expenses (Part IX)
$38,480,627
Management and general expenses
$4,114,145
Fundraising expenses
$2,756,578
Program service expenses (Part III)
$38,480,627

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,517,092

  • 1e · Government grants (contributions)

    $2,221,000

  • 1f · All other contributions, gifts and grants

    $17,769,115

  • 1g · Noncash contributions included above

    $1,095,207

  • 2a · Program service revenue: PERFORMANCE RECEIPTS

    total $10,919,757 · related or exempt $10,919,757

  • 2b · Program service revenue: TUITION INCOME

    total $3,635,121 · related or exempt $3,635,121

  • 2c · Program service revenue: PROGRAM FEES - EDUCATION

    total $564,636 · related or exempt $564,636

  • 2d · Program service revenue: HOUSING INCOME

    total $158,844 · related or exempt $158,844

  • 2e · Program service revenue: COSTUME RENTAL

    total $40,549 · related or exempt $40,549

  • 3 · Investment income

    total $859,182 · excluded $859,182

  • 5 · Royalties

    total $4,587 · excluded $4,587

  • 7a · Gross sales of assets other than inventory

    securities $6,936,250

  • 7b · Less cost or other basis and sales expenses

    securities $7,124,659

  • 7c · Gain or loss

    securities -$188,409

  • 7d · Net gain or loss

    total -$188,409 · excluded -$188,409

  • 8a · Fundraising events: gross income

    $786,318

  • 8a · Fundraising events: contributions included on line 1c

    $1,517,092

  • 8b · Fundraising events: direct expenses

    $786,318

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $57,527

  • 10b · Cost of goods sold

    $80,676

  • 10c · Net income from sales of inventory

    total -$23,149 · related or exempt -$23,149

  • 11d · All other revenue

    total $83,455 · related or exempt $13,374 · excluded $70,081

  • 11e · Other revenue, total

    $83,455

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $299,893 · program services $299,893

  • 3 · Grants to foreign organizations and individuals

    total $95,583 · program services $95,583

  • 5 · Compensation of officers, directors and key employees

    total $1,517,319 · program services $554,220 · management and general $783,330 · fundraising $179,769

  • 7 · Other salaries and wages

    total $17,684,261 · program services $15,357,999 · management and general $1,348,642 · fundraising $977,620

  • 8 · Pension plan contributions

    total $793,581 · program services $793,581

  • 9 · Other employee benefits

    total $3,947,956 · program services $3,659,483 · management and general $137,411 · fundraising $151,062

  • 10 · Payroll taxes

    total $1,772,450 · program services $1,626,292 · management and general $50,385 · fundraising $95,773

  • 11b · Fees: legal

    total $163,008 · program services $68,834 · management and general $64,974 · fundraising $29,200

  • 11c · Fees: accounting

    total $71,777 · management and general $71,777

  • 11e · Fees: professional fundraising services

    total $373,287 · fundraising $373,287

  • 11f · Fees: investment management

    total $120,262 · management and general $120,262

  • 11g · Fees: other

    total $1,754,483 · program services $530,585 · management and general $1,115,939 · fundraising $107,959

  • 12 · Advertising and promotion

    total $2,602,243 · program services $2,602,243

  • 13 · Office expenses

    total $262,225 · program services $149,520 · management and general $34,159 · fundraising $78,546

  • 14 · Information technology

    total $102,634 · program services $53,074 · management and general $32,705 · fundraising $16,855

  • 15 · Royalties

    total $353,989 · program services $353,989

  • 16 · Occupancy

    total $1,439,252 · program services $1,333,319 · management and general $49,753 · fundraising $56,180

  • 17 · Travel

    total $1,709,115 · program services $1,645,626 · management and general $38,152 · fundraising $25,337

  • 20 · Interest

    total $368,000 · program services $224,689 · management and general $44,160 · fundraising $99,151

  • 22 · Depreciation, depletion and amortization

    total $1,746,919 · program services $1,709,249 · management and general $14,673 · fundraising $22,997

  • 23 · Insurance

    total $172,109 · program services $104,987 · management and general $20,652 · fundraising $46,470

  • 24a · Other expenses: VENUE LABOR & RENTAL

    total $4,727,109 · program services $4,698,492 · management and general $28,617

  • 24b · Other expenses: PRODUCTION

    total $941,342 · program services $941,342

  • 24c · Other expenses: CREDIT CARD & BANK FEES

    total $806,233 · program services $668,272 · management and general $28,107 · fundraising $109,854

  • 24d · Other expenses: SHOES AND TIGHTS

    total $422,153 · program services $422,153

  • 24e · All other expenses

    total $1,104,167 · program services $587,202 · management and general $130,447 · fundraising $386,518

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,611,791 · end of year $23,023,127

  • 2 · Savings and temporary cash investments

    beginning of year $123,374 · end of year $108,705

  • 3 · Pledges and grants receivable

    beginning of year $15,084,054 · end of year $17,185,105

  • 4 · Accounts receivable

    beginning of year $676,547 · end of year $875,438

  • 8 · Inventories for sale or use

    beginning of year $76,813 · end of year $9,064

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,860,816 · end of year $2,662,138

  • 10a · Land, buildings and equipment: cost or other basis

    $25,348,007

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,732,403

  • 10c · Land, buildings and equipment, net

    beginning of year $5,288,141 · end of year $4,615,604

  • 11 · Investments: publicly traded securities

    beginning of year $30,666,792 · end of year $24,368,922

  • 15 · Other assets

    beginning of year $3,003,577 · end of year $3,003,577

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,353,533 · end of year $3,650,564

  • 19 · Deferred revenue

    beginning of year $1,237,508 · end of year $1,330,750

  • 23 · Secured mortgages and notes payable

    beginning of year $7,988,093 · end of year $7,988,093

  • 24 · Unsecured notes and loans payable

    beginning of year $2,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $17,198,752 · end of year $14,406,667

  • 28 · Net assets with donor restrictions

    beginning of year $58,614,019 · end of year $48,475,606

Mission and programs · 2022

Mission

TO CREATE, TO PRESENT, TO PRESERVE, AND TO EXTEND THE GREAT REPERTOIRE OF CLASSICAL DANCING THROUGH EXCITING PERFORMANCES AND EDUCATIONAL PROGRAMMING OF THE HIGHEST QUALITY, PRESENTED TO THE WIDEST POSSIBLE AUDIENCE. AMERICAN BALLET THEATRE IS COMMITTED TO ITS TRADITION OF EXCELLENCE AND ITS LEADERSHIP ROLE AS AMERICA'S NATIONAL BALLET COMPANY.

Activities or mission (Part I)

THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD.

  • SEASONS:IN 2022, ABT PRESENTED 7 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF DON QUIXOTE, OF LOVE AND RAGE, SWAN LAKE, ROMEO AND JULIET, AND MIXED REPERTORY WORKS INCLUDING THEME AND VARIATIONS, ZIG-ZAG, AND SINGLE EYE. ABT PRESENTED FIVE PERFORMANCES OF WHIPPED CREAM AND SIX REPERTORY PROGRAMS FOR TWO WEEKS IN OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.

    Expenses $30,347,068 · Revenue $9,607,257

  • TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2022 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2022 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA, THE MAHALIA JACKSON THEATER IN NEW ORLEANS, LOUSIANA, AND CHRYSLER HALL IN NORFOLK, VIRGINIA.

    Expenses $2,483,953 · Revenue $1,312,500

  • EDUCATIONAL TRAINING AND OUTREACH: IN 2022, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 40,000 INDIVIDUALS THROUGH ITS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 20 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (346 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (436 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 167 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2022 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED OVER 3,000 TEACHERS IN 49 STATES AND 46 COUNTRIES.

    Expenses $5,649,606 · Grants $395,476 · Revenue $4,389,375

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew F Barth

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Sharon Patrick

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Sarah Arison

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Melissa A Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Stewart Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Francesca Macartney Beale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alison Bernstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hamish Bowles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Valentino D Carlotti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Fales-Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pamela Ford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gwendolyn M Fragomen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Hexter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angela H Ho

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Yongsoo Huh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wendy Evans Joseph

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shelly London

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alissa Hsu Lynch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paula Mahoney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nancy McCormick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kara Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patricia R Morton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Paull

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Pepperman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dmitri Potishko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janine Racanelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jenna Segal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shari Siadat

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beth Chartoff Spector

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sutton Stracke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rutger Von Post

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas Tabish

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John L Warden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas C Wurth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janet Rolle

    CEO / EXECUTIVE DIRECTOR

    Total calculated
    $517,511
    From this org
    $482,484
    From related orgs
    $0
    Other
    $35,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $482,484
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,027
    Filer's total
    $517,511

  • Susan Jaffe

    ARTISTIC DIRECTOR AS OF 12/1/22

    Total calculated
    $73,796
    From this org
    $73,796
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kevin McKenzie

    ARTISTIC DIRECTOR THROUGH 12/1/22

    Total calculated
    $480,424
    From this org
    $464,547
    From related orgs
    $0
    Other
    $15,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $464,547
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,877
    Filer's total
    $480,424

  • Shawn Davidson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $265,819
    From this org
    $234,163
    From related orgs
    $0
    Other
    $31,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,163
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,656
    Filer's total
    $265,819

  • Stacy Margolis

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $179,769
    From this org
    $179,481
    From related orgs
    $0
    Other
    $288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,481
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $288
    Filer's total
    $179,769

  • David Lansky

    GENERAL MANAGER

    Total calculated
    $237,623
    From this org
    $225,736
    From related orgs
    $0
    Other
    $11,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,736
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,887
    Filer's total
    $237,623

  • Kyle Ridaught

    HEAD OF BUSINESS OPERATIONS

    Total calculated
    $246,608
    From this org
    $230,731
    From related orgs
    $0
    Other
    $15,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,731
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,877
    Filer's total
    $246,608

  • Cheryl Kohn

    SENIOR DIRECTOR, DEVELOPMENT

    Total calculated
    $225,397
    From this org
    $209,520
    From related orgs
    $0
    Other
    $15,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,520
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,877
    Filer's total
    $225,397

  • Godwin Farrugia

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $193,121
    From this org
    $179,890
    From related orgs
    $0
    Other
    $13,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,890
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,231
    Filer's total
    $193,121

  • Lourdes Liz

    CHIEF MARKETING DIRECTOR

    Total calculated
    $240,158
    From this org
    $224,281
    From related orgs
    $0
    Other
    $15,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,281
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,877
    Filer's total
    $240,158

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349314283

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.