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Nonprofiteer
← BOSTON BALLET INC

Form 990 for tax year 2024

Filed by BOSTON BALLET INC.

Totals

Total revenue
$51,962,489
Total expenses
$46,002,136
Contributions and grants received
$21,065,165
Grants paid
$0
Program service revenue
$28,281,768
Investment income
$1,724,907
Other revenue
$890,649
Total assets, end of year
$98,092,651
Total liabilities, end of year
$40,950,549
Net assets or fund balances, end of year
$57,142,102
Program services expenses (Part IX)
$39,145,507
Management and general expenses
$4,724,711
Fundraising expenses
$2,131,918
Program service expenses (Part III)
$39,145,507

Program services were 85.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $2,113,442

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $178,717

  • 1f · All other contributions, gifts and grants

    $18,773,006

  • 1g · Noncash contributions included above

    $1,595,182

  • 2a · Program service revenue: Ticket sales

    total $19,440,022 · related or exempt $19,440,022 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Tuition & Fees

    total $8,841,746 · related or exempt $8,841,746 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,362,893 · related or exempt $0 · unrelated business $0 · excluded $1,362,893

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $2,940,554 · other assets $0

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

    securities $2,578,540 · other assets $0

  • 7c · Gain or loss

    securities $362,014 · other assets $0

  • 7d · Net gain or loss

    total $362,014 · related or exempt $0 · unrelated business $0 · excluded $362,014

  • 8a · Fundraising events: gross income

    $380,170

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

    $2,113,442

  • 8b · Fundraising events: direct expenses

    $932,141

  • 8c · Net income from fundraising events

    total -$551,971 · unrelated business $0 · excluded -$551,971

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Costume & Scenery rental

    total $85,286 · related or exempt $85,286 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Performance Fees

    total $589,050 · related or exempt $589,050 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $768,284 · related or exempt $768,284 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,442,620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,466,627 · program services $816,563 · management and general $650,064 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $18,384,553 · program services $16,149,375 · management and general $951,593 · fundraising $1,283,585

  • 8 · Pension plan contributions

    total $777,759 · program services $754,259 · management and general $23,500 · fundraising $0

  • 9 · Other employee benefits

    total $1,671,530 · program services $1,536,481 · management and general $46,810 · fundraising $88,239

  • 10 · Payroll taxes

    total $1,917,961 · program services $1,641,982 · management and general $155,010 · fundraising $120,969

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $60,000 · program services $0 · management and general $60,000 · fundraising $0

  • 11c · Fees: accounting

    total $190,268 · program services $0 · management and general $190,268 · fundraising $0

  • 11d · Fees: lobbying

    total $25,000 · program services $0 · management and general $25,000 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $701,083 · program services $428,797 · management and general $239,873 · fundraising $32,413

  • 12 · Advertising and promotion

    total $3,832,492 · program services $3,751,778 · management and general $1,073 · fundraising $79,641

  • 13 · Office expenses

    total $120,563 · program services $87,020 · management and general $22,390 · fundraising $11,153

  • 14 · Information technology

    total $450,108 · program services $141,687 · management and general $303,920 · fundraising $4,501

  • 15 · Royalties

    total $552,136 · program services $552,136 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $5,486,041 · program services $4,570,961 · management and general $915,180 · fundraising -$100

  • 17 · Travel

    total $986,050 · program services $929,139 · management and general $6,329 · fundraising $50,582

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $48,396 · program services $22,492 · management and general $25,991 · fundraising -$87

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,319,284 · program services $726,942 · management and general $592,342 · fundraising $0

  • 23 · Insurance

    total $833,783 · program services $636,616 · management and general $197,124 · fundraising $43

  • 24a · Other expenses: Artistic production

    total $5,226,652 · program services $4,950,443 · management and general $100,814 · fundraising $175,395

  • 24b · Other expenses: Ballet school programmatic

    total $384,230 · program services $384,230 · management and general $0 · fundraising $0

  • 24c · Other expenses: Credit card fees

    total $905,179 · program services $831,595 · management and general $3,706 · fundraising $69,878

  • 24d · Other expenses: Special events

    total $133,584 · program services $9,478 · management and general $34 · fundraising $124,072

  • 24e · All other expenses

    total $528,857 · program services $223,533 · management and general $213,690 · fundraising $91,634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,189,392 · end of year $2,790,035

  • 2 · Savings and temporary cash investments

    beginning of year $2,000,000 · end of year $2,000,000

  • 3 · Pledges and grants receivable

    beginning of year $1,489,266 · end of year $6,044,223

  • 4 · Accounts receivable

    beginning of year $362,793 · end of year $790,271

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,879,908 · end of year $1,559,842

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

    $35,222,068

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

    $26,513,757

  • 10c · Land, buildings and equipment, net

    beginning of year $9,558,348 · end of year $8,708,311

  • 11 · Investments: publicly traded securities

    beginning of year $33,514,033 · end of year $37,542,491

  • 12 · Investments: other securities

    beginning of year $7,384,768 · end of year $8,486,680

  • 13 · Investments: program-related

    beginning of year $342,812 · end of year $373,811

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $29,476,375 · end of year $29,796,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,580,888 · end of year $1,959,800

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $7,695,260 · end of year $7,808,457

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $30,739,798 · end of year $31,182,292

  • 27 · Net assets without donor restrictions

    beginning of year $8,400,666 · end of year $3,905,777

  • 28 · Net assets with donor restrictions

    beginning of year $42,781,083 · end of year $53,236,325

Mission and programs · 2024

Mission

The heart of Boston Ballet is the human experience. Through our living and breathing art, we forge human connections-between artist and attendee, teacher and trainee, friend and newcomer, one's outer and inner self. Dance history is human history, full of innate beauty, generational memory, and contradictions. We share many characteristics that define our city, as global leaders of innovation with a rich heritage and diverse culture. But Boston's history is not perfect-and neither is the history of ballet. In order to heal as a community, we must unite against inequality, inequity, and exclusivity. We are Boston's Ballet. We believe in the transformative power of dance to inspire positive change in our community and beyond. We step toward the future, where our art breaks down barriers, opens minds, strengthens our connections to each other, and is shared more widely with all. Because the future of dance is the future of humanity.Together, we move-forward and farther-as Boston's Ballet.

  • Ballet Programs: Led by Artistic Director, Mikko Nissinen, the Boston Ballet maintains a diverse repertoire, ranging from full-length ballets to new works by some of today's finest choreographers. The Company typically gives over 100 performances at the Citizens Bank Opera House in Boston, MA during its eight-month season that ends in June of each year. The 2024-2025 season saw record setting attendance and revenue, with five season productions in addition to The Nutcracker.

    Expenses $30,449,475 · Revenue $19,500,237

  • Boston Ballet School (BBS): provides a comprehensive dance education with the goal of inspiring, nurturing and sustaining a life-long love of dance in every student. BBS operates state-of-the-art dance facilities in Boston, Newton, and Brookline, and offers programming for students of all ages and capabilities. The Classical Ballet Program for older dancers follows a carefully designed curriculum with nine levels of study. The Preparatory and Foundations Programs for ages 16 months to 9 years introduce children to the art of dance by promoting the exploration of creativity and expression through movement. The Adult Dance Program offers classes and workshops to students of all abilities and experience levels. The BBS Professional Division at Walnut Hill School for the Arts is an audition-only, highly competitive program that provides rigorous training to prepare students for a professional career. The Summer Dance Program is a 5-week summer intensive training opportunity for students globally. Lastly, BBS operates a handful of programs intended to introduce a love of dance to the broader Boston community. Citydance, established in 1991, provides tuition-free dance programming to over 3,000 Boston Public School third grade students. Adaptive Dance, established in 2002, provides creative movement instruction to individuals with disabilities. And BBS instructors provide training workshops to organizations locally and nationwide. BBS and Boston Ballet also engage the community by providing opportunities such as attending Boston Ballet performances and special events/activities, mentoring and teaching, and performing in showcases or community performances.

    Expenses $8,696,032 · Revenue $9,160,032

As filed on the 2024 return.

Listed in Part VII

  • Mikko P Nissinen

    Artistic Director

    Total calculated
    $816,563
    From this org
    $807,859
    From related orgs
    $0
    Other
    $8,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $777,359
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $8,704
    Filer's total
    $816,563
  • Ming Min Hui

    Executive Director

    Total calculated
    $435,998
    From this org
    $416,810
    From related orgs
    $0
    Other
    $19,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,810
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $19,188
    Filer's total
    $435,998
  • Deborah Moe

    Chief Marketing Officer

    Total calculated
    $269,638
    From this org
    $260,934
    From related orgs
    $0
    Other
    $8,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,934
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,704
    Filer's total
    $269,638
  • Christopher Byrnes

    Chief Financial Officer & Treasurer

    Total calculated
    $214,066
    From this org
    $213,101
    From related orgs
    $0
    Other
    $965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,101
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $965
    Filer's total
    $214,066
  • Blair Hollis

    Chief Development Officer

    Total calculated
    $213,065
    From this org
    $203,148
    From related orgs
    $0
    Other
    $9,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,148
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,917
    Filer's total
    $213,065
  • Russell Kaiser

    Assistant Artistic Director

    Total calculated
    $188,270
    From this org
    $169,146
    From related orgs
    $0
    Other
    $19,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,146
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,124
    Filer's total
    $188,270
  • Michael Santora

    Music Director

    Total calculated
    $188,129
    From this org
    $179,852
    From related orgs
    $0
    Other
    $8,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,852
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,277
    Filer's total
    $188,129
  • David Czesniuk

    Managing Director, Boston Ballet School

    Total calculated
    $175,906
    From this org
    $164,303
    From related orgs
    $0
    Other
    $11,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,303
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,603
    Filer's total
    $175,906
  • Jack R Meyer

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Laura J Sen

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Kevin Barry

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Eric Aboaf

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Shadi K Aryanpour

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jill Avery

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lisa A Blumenthal

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Stephanie L Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Burns

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Catherine Connolly

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lynn Dale

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Donna Egan

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Liraz Evenor

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Nina Sing Fialkow

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Leigh Fraser

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Susan V Fried

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ann Gallo

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth H Godfrey

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Clinton Graham

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • John R Gwin

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ashley Harmon

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lori M Heinel

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lara Hurley

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Tito Jackson

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Parastoo Khoshakhlagh

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ivana Magovcevic-Liebisch

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Christine Maraganore

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lia Meisinger

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Robert Nagle

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Amir Nashat

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Imari Paris Jeffries

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Annie Knickman Plancher

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Audrey Epstein Reny

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Laura E Riley MD

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jill W Roberts

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rene Russo

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • E Pixley Schiciano

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jessica Schmitz

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Emily E Shanks

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ruth Shefer

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Carolina Trujillo de Diazgranados

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Alison Viehbacher

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Brynja Vifilsdottir

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Pamela Yang

    Trustee

    Total calculated
    $0
    Hours/week
    1

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 · 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

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
2024
Filed
30 October 2025
IRS schema version
2024v5.0
Source object
202513039349302701

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