Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $996,653

• 1f · All other contributions, gifts and grants

  $13,868,480

• 2a · Program service revenue: ADMISSIONS & PERFORMANCES

  total $5,138,682 · related or exempt $5,138,682

• 2b · Program service revenue: SCHOOL TUITION AND REVENUE

  total $2,226,176 · related or exempt $2,226,176

• 2c · Program service revenue: COMMUNITY OUTREACH

  total $145,887 · related or exempt $145,887

• 3 · Investment income

  total $298,901 · excluded $298,901

• 6a · Gross rents

  personal property $79,237

• 6b · Less rental expenses

  personal property $16,074

• 6c · Rental income or loss

  personal property $63,163

• 6d · Net rental income or loss

  total $63,163 · related or exempt $63,163

• 8a · Fundraising events: gross income

  $224,690

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

  $996,653

• 8b · Fundraising events: direct expenses

  $339,657

• 8c · Net income from fundraising events

  total -$114,967 · excluded -$114,967

• 10a · Gross sales of inventory

  $76,346

• 10b · Cost of goods sold

  $48,201

• 10c · Net income from sales of inventory

  total $28,145 · related or exempt $28,145

• 11a · Other revenue: INSURANCE PROCEEDS

  total $34,399 · related or exempt $34,399

• 11e · Other revenue, total

  $34,399

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $530,199 · program services $331,609 · management and general $119,154 · fundraising $79,436

• 7 · Other salaries and wages

  total $3,857,713 · program services $3,217,383 · management and general $430,320 · fundraising $210,010

• 8 · Pension plan contributions

  total $35,989 · program services $29,108 · management and general $4,507 · fundraising $2,374

• 9 · Other employee benefits

  total $1,070,435 · program services $865,779 · management and general $134,045 · fundraising $70,611

• 10 · Payroll taxes

  total $346,201 · program services $280,011 · management and general $43,353 · fundraising $22,837

• 11g · Fees: other

  total $101,046 · management and general $101,046

• 12 · Advertising and promotion

  total $1,592,700 · program services $1,515,308 · fundraising $77,392

• 13 · Office expenses

  total $95,511 · program services $899 · management and general $93,714 · fundraising $898

• 14 · Information technology

  total $9,072 · program services $3,447 · management and general $3,357 · fundraising $2,268

• 16 · Occupancy

  total $1,946,363 · program services $1,839,318 · management and general $95,282 · fundraising $11,763

• 22 · Depreciation, depletion and amortization

  total $411,048 · program services $308,486 · management and general $92,306 · fundraising $10,256

• 23 · Insurance

  total $165,485 · management and general $165,485

• 24a · Other expenses: OTHER PRODUCTION EXPENS

  total $895,063 · program services $895,063

• 24b · Other expenses: MISCELLANEOUS

  total $288,674 · program services $116,462 · fundraising $172,212

• 24c · Other expenses: SUMMER INTENSIVE EXPENS

  total $232,081 · program services $232,081

• 24d · Other expenses: ENTRY FEES

  total $174,250 · program services $174,250

• 24e · All other expenses

  total $50,432 · program services $20,346 · fundraising $30,086

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,735,896 · end of year $5,960,766

• 2 · Savings and temporary cash investments

  beginning of year $325,000 · end of year $325,000

• 3 · Pledges and grants receivable

  beginning of year $50,685 · end of year $10,402,468

• 4 · Accounts receivable

  beginning of year $202,655 · end of year $75,468

• 5 · Loans and receivables from officers and key people

  beginning of year $66,064 · end of year $66,064

• 8 · Inventories for sale or use

  beginning of year $1,364 · end of year $1,252

• 9 · Prepaid expenses and deferred charges

  beginning of year $204,395 · end of year $334,470

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

  $21,191,278

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

  $5,639,167

• 10c · Land, buildings and equipment, net

  beginning of year $7,447,778 · end of year $15,552,111

• 14 · Intangible assets

  beginning of year $4,577,884 · end of year $4,208,508

• 15 · Other assets

  beginning of year $19,100 · end of year $16,966

• 17 · Accounts payable and accrued expenses

  beginning of year $775,373 · end of year $2,322,555

• 19 · Deferred revenue

  beginning of year $1,061,242 · end of year $922,232

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $2,643,412

• 25 · Other liabilities

  beginning of year $4,792,409 · end of year $4,918,556

• 27 · Net assets without donor restrictions

  beginning of year $14,197,752 · end of year $13,068,848

• 28 · Net assets with donor restrictions

  beginning of year $804,045 · end of year $13,067,470

The filer's explanations (Part III)

PART I, LINE 3

THE BALLET USES THE DANCEUSA COMPENSATION SURVEY TO ESTABLISH COMPENSATION.

SCHEDULE J, PART II

THE BALLET PROVIDES A CAR ALLOWANCE OF $1,000 PER MONTH TO VANESSA LOGAN AND REPORTS THOSE AMOUNTS TO HER ON HER FORM W-2. THE BALLET PROVIDED A CAR ALLOWANCE IN 2025 OF $12,565 TO TIM O'KEEFE AND REPORTED THAT AMOUNT TO HIM ON HIS FORM W-2.