Totals
- Total revenue
- $2,864,022
- Total expenses
- $4,446,380
- Contributions and grants received
- $1,284,263
- Grants paid
- $0
- Program service revenue
- $1,269,467
- Investment income
- $272,019
- Other revenue
- $38,273
- Total assets, end of year
- $33,818,476
- Total liabilities, end of year
- $506,421
- Net assets or fund balances, end of year
- $33,312,055
- Program services expenses (Part IX)
- $3,323,263
- Management and general expenses
- $1,021,741
- Fundraising expenses
- $101,376
- Program service expenses (Part III)
- $3,323,263
Program services were 74.7% 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.
-
1e · Government grants (contributions)
$277,108
-
1f · All other contributions, gifts and grants
$1,007,155
-
2a · Program service revenue: CLASS FEES
total $724,881 · related or exempt $724,881
-
2b · Program service revenue: TICKET SALES
total $544,586 · related or exempt $544,586
-
3 · Investment income
total $272,019 · excluded $272,019
-
6a · Gross rents
real property $15,765
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $15,765
-
6d · Net rental income or loss
total $15,765 · excluded $15,765
-
8a · Fundraising events: gross income
$42,064
-
8b · Fundraising events: direct expenses
$22,846
-
8c · Net income from fundraising events
total $19,218 · excluded $19,218
-
11a · Other revenue: OTHER INCOME
total $3,290 · related or exempt $3,290
-
11e · Other revenue, total
$3,290
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $336,105 · program services $275,974 · management and general $47,738 · fundraising $12,393
-
7 · Other salaries and wages
total $1,502,624 · program services $1,233,793 · management and general $213,424 · fundraising $55,407
-
9 · Other employee benefits
total $121,291 · program services $68,072 · management and general $48,505 · fundraising $4,714
-
10 · Payroll taxes
total $147,140 · program services $122,351 · management and general $19,912 · fundraising $4,877
-
11b · Fees: legal
total $8,803 · management and general $8,803
-
11g · Fees: other
total $249,382 · program services $157,110 · management and general $92,272
-
12 · Advertising and promotion
total $163,994 · program services $161,748 · management and general $57 · fundraising $2,189
-
13 · Office expenses
total $110,313 · program services $3,515 · management and general $106,798
-
16 · Occupancy
total $629,811 · program services $447,683 · management and general $182,128
-
17 · Travel
total $34,269 · program services $30,730 · management and general $3,539
-
22 · Depreciation, depletion and amortization
total $663,215 · program services $364,768 · management and general $298,447
-
24a · Other expenses: STAGE HANDS & TECHNICIA
total $213,233 · program services $213,233
-
24b · Other expenses: OTHER EXPENSES
total $138,991 · program services $129,087 · management and general $118 · fundraising $9,786
-
24c · Other expenses: COSTUMES AND SETS
total $60,476 · program services $60,476
-
24d · Other expenses: OTHER PRODUCTION COSTS
total $54,723 · program services $54,723
-
24e · All other expenses
total $12,010 · fundraising $12,010
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $469,412 · end of year $173,797
-
2 · Savings and temporary cash investments
beginning of year $8,253 · end of year $277
-
3 · Pledges and grants receivable
beginning of year $421,111 · end of year $487,822
-
9 · Prepaid expenses and deferred charges
beginning of year $68,839 · end of year $9,212
-
10a · Land, buildings and equipment: cost or other basis
$24,058,031
-
10b · Land, buildings and equipment: accumulated depreciation
$6,228,693
-
10c · Land, buildings and equipment, net
beginning of year $17,472,696 · end of year $17,829,338
-
12 · Investments: other securities
beginning of year $15,275,485 · end of year $15,085,301
-
15 · Other assets
beginning of year $311,937 · end of year $232,729
-
17 · Accounts payable and accrued expenses
beginning of year $133,289 · end of year $124,269
-
19 · Deferred revenue
beginning of year $121,207 · end of year $144,484
-
25 · Other liabilities
beginning of year $315,350 · end of year $237,668
-
27 · Net assets without donor restrictions
beginning of year $21,163,630 · end of year $19,717,044
-
28 · Net assets with donor restrictions
beginning of year $12,294,257 · end of year $13,595,011
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
BALLET MEMPHIS IS A DIVERSE PROFESSIONAL BALLET COMPANY WITH 18 DANCERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. IN THE 2023-24 SEASON, BALLET MEMPHIS STAGED 4 MAINSTAGE PRODUCTIONS WITH 18 PERFORMANCES. ADDITIONALLY, THE YOUTH BALLET MEMPHIS STAGED 2 PRODUCTIONS WITH 6 PERFORMANCES. OVER 18,000 INDIVIDUALS ENJOYED A BALLET MEMPHIS PERFORMANCE.
Expenses $2,443,838 · Revenue $544,586
-
THE BALLET MEMPHIS SCHOOL AND YOUTH BALLET MEMPHIS HAD AN ENROLLMENT OF 225 STUDENTS AGES 3 THROUGH 18 WHO PARTICIPATED IN CLASSICAL BALLET TRAINING. STUDENTS ARE PROVIDED INTRODUCTORY THROUGH ADVANCED TRAINING, INCLUDING POINT, MODERN DANCE, CHOREOGRAPHIC TECHNIQUE, AND BOYS' TECHNIQUE CLASS. BALLET MEMPHIS PROVIDES SCHOLARSHIP ASSISTANCE TO STUDENTS WITH DEMONSTRATED FINANCIAL NEED AND/OR EXCEPTIONAL ABILITY. OUR GOAL IS TO PROVIDE THE OPPORTUNITY FOR PROFESSIONAL DANCE TRAINING TO ANY STUDENT WHO DEMONSTRATES AN INTEREST AND IS WILLING TO MAKE THE COMMITMENT TO ATTEND REGULAR CLASSES. CLASSES ARE TAUGHT BY PROFESSIONAL DANCE INSTRUCTORS OR MEMBERS OF THE BALLET MEMPHIS COMPANY.
Expenses $443,895 · Revenue $311,151
-
THE BALLET MEMPHIS PILATES + WELLNESS PROGRAM OFFERS MAT AND EQUIPMENT CLASSES AT TWO LOCATIONS. BALLET MEMPHIS IS A LICENSED STOTT TRAINING AND CERTIFICATION CENTER AND HAS CERTIFIED MANY OF OUR OWN DANCERS AS INSTRUCTORS. PILATES INSTRUCTION HELPS TO SUPPLEMENT INCOME FOR DANCERS AND OFFER AN ALTERNATIVE CAREER PATH, AS WELL AS OFFERS EXCELLENT TRAINING TO KEEP DANCERS IN PRIME PHYSICAL CONDITION AND REDUCE THE RISK OF INJURY. CLIENTS OF ALL PHYSICAL ABILITIES FROM ACROSS THE REGION USE THE PILATES CENTER TO MAINTAIN PHYSICAL HEALTH, RECOVER FROM INJURY, INCREASE BALANCE AND CORE STRENGTH, AND IMPROVE ATHLETIC PERFORMANCE. ADDITIONALLY, BALLET MEMPHIS OFFERS ADULT CLASSES IN BALLET AND TAP FOR FUN AND FITNESS. THE PILATES + WELLNESS PROGRAM SERVED OVER 11,000 CLIENT VISITS IN FY2024.
Expenses $435,530 · Revenue $413,730
As filed on the 2023 return.
Listed in Part VII
-
SHELLEY SHANAMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
DR NEHALI PATEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
MAGGIE LOVELL
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
ANDREA BIENSTOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
JOAN SCHADT BIDDLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
ERIC CLAUSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
LEEANNE COX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
NEIL GIBSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
BRETT GRINDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
HON RUTHIE HAGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
MONICA C JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
FAITH KAYE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
SUE LAYMAN LIGHTMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
ERIC MATHEWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
JESSICA WEBB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
CAROL G MIRAGLIA
CHIEF ADMINISTRATIVE OFFIC
- Total calculated
- $136,010
- From this org
- $135,914
- From related orgs
- $0
- Other
- $96
- Hours/week
- 40
-
GRETCHEN WOLLERT MCLENNON
PRESIDENT & CEO
- Total calculated
- $200,096
- From this org
- $200,000
- From related orgs
- $0
- Other
- $96
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $96
- Filer's total
- $200,096
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 · Written employment contract
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD REVIEWS THE CEO AND OFFICER LEVEL COMPENSATION ANNUALLY.
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
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510179349301311
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