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Nonprofiteer
← SARASOTA BALLET OF FLORIDA INC

Form 990 for tax year 2024

Filed by SARASOTA BALLET OF FLORIDA INC.

Totals

Total revenue
$15,927,658
Total expenses
$10,932,858
Contributions and grants received
$11,987,838
Grants paid
$112,769
Program service revenue
$3,549,551
Investment income
$394,990
Other revenue
-$4,721
Total assets, end of year
$23,008,295
Total liabilities, end of year
$4,478,853
Net assets or fund balances, end of year
$18,529,442
Program services expenses (Part IX)
$8,862,592
Management and general expenses
$1,333,907
Fundraising expenses
$736,359
Program service expenses (Part III)
$8,862,592

Program services were 81.1% 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.

  • 1b · Membership dues

    $53,950

  • 1c · Fundraising events

    $1,142,523

  • 1e · Government grants (contributions)

    $95,925

  • 1f · All other contributions, gifts and grants

    $10,695,440

  • 1g · Noncash contributions included above

    $159,602

  • 2a · Program service revenue: TUITION

    total $1,768,940 · related or exempt $1,768,940

  • 2b · Program service revenue: BALLET PERFORMANCES

    total $1,769,061 · related or exempt $1,769,061

  • 2c · Program service revenue: PROGRAM BOOK

    total $11,550 · unrelated business $11,550

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $296,489 · excluded $296,489

  • 6a · Gross rents

    real property $56,535

  • 6c · Rental income or loss

    real property $56,535 · personal property $0

  • 6d · Net rental income or loss

    total $56,535 · excluded $56,535

  • 7a · Gross sales of assets other than inventory

    securities $281,320

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

    securities $182,819

  • 7c · Gain or loss

    securities $98,501 · other assets $0

  • 7d · Net gain or loss

    total $98,501 · excluded $98,501

  • 8a · Fundraising events: gross income

    $94,796

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

    $1,142,523

  • 8b · Fundraising events: direct expenses

    $173,483

  • 8c · Net income from fundraising events

    total -$78,687 · excluded -$78,687

  • 11a · Other revenue: MISCELLANEOUS

    total $17,431 · related or exempt $17,431

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $17,431

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $112,769 · program services $112,769

  • 5 · Compensation of officers, directors and key employees

    total $563,320 · program services $313,320 · management and general $250,000

  • 7 · Other salaries and wages

    total $4,748,081 · program services $3,792,503 · management and general $422,597 · fundraising $532,981

  • 9 · Other employee benefits

    total $453,904 · program services $355,379 · management and general $52,758 · fundraising $45,767

  • 10 · Payroll taxes

    total $399,301 · program services $279,032 · management and general $85,006 · fundraising $35,263

  • 11b · Fees: legal

    total $41,951 · program services $30,043 · management and general $11,908

  • 11c · Fees: accounting

    total $30,231 · management and general $30,231

  • 11f · Fees: investment management

    total $32,736 · management and general $32,736

  • 11g · Fees: other

    total $744,474 · program services $688,941 · management and general $55,399 · fundraising $134

  • 12 · Advertising and promotion

    total $553,265 · program services $538,095 · fundraising $15,170

  • 13 · Office expenses

    total $424,606 · program services $118,425 · management and general $289,482 · fundraising $16,699

  • 15 · Royalties

    total $261,672 · program services $261,672

  • 16 · Occupancy

    total $727,929 · program services $717,879 · management and general $10,050

  • 17 · Travel

    total $494,531 · program services $490,019 · management and general $2,496 · fundraising $2,016

  • 22 · Depreciation, depletion and amortization

    total $206,668 · program services $195,003 · management and general $9,851 · fundraising $1,814

  • 23 · Insurance

    total $98,329 · program services $25,275 · management and general $73,054

  • 24a · Other expenses: LIVE MUSIC

    total $404,765 · program services $404,765

  • 24b · Other expenses: PRODUCTION COSTS

    total $300,735 · program services $300,735

  • 24c · Other expenses: ROOM AND BOARD

    total $165,308 · program services $165,308

  • 24d · Other expenses: CATERING

    total $76,829 · program services $36,700 · fundraising $40,129

  • 24e · All other expenses

    total $91,454 · program services $36,729 · management and general $8,339 · fundraising $46,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $761,769 · end of year $1,000,635

  • 2 · Savings and temporary cash investments

    beginning of year $808,437 · end of year $593,437

  • 3 · Pledges and grants receivable

    beginning of year $760,353 · end of year $5,472,225

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $893,251 · end of year $556,801

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

    $3,824,900

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

    $2,047,695

  • 10c · Land, buildings and equipment, net

    beginning of year $1,783,889 · end of year $1,777,205

  • 12 · Investments: other securities

    beginning of year $9,917,862 · end of year $11,009,806

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,191,877 · end of year $2,598,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,096 · end of year $367,435

  • 19 · Deferred revenue

    beginning of year $1,109,359 · end of year $1,201,835

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,427,284 · end of year $2,909,583

  • 27 · Net assets without donor restrictions

    beginning of year $10,078,955 · end of year $15,667,923

  • 28 · Net assets with donor restrictions

    beginning of year $3,165,744 · end of year $2,861,519

Mission and programs · 2024

Mission

The Mission of the Sarasota Ballet of Florida is to enrich lives, captivate emotions and strengthen the community through the art of dance.

Activities or mission (Part I)

To enrich lives, captivate emotions and strengthen the community through the art of dance.

  • The Sarasota Ballet's expansive repertoire, coupled with the athleticism and artistry of the Company's dancers, has brought the Company national and international acclaim. The repertoire includes works by some of the greatest choreographers in the dance world, such as Sir Frederick Ashton, George Balanchine, Antony Tudor, Sir Kenneth MacMillan, Paul Taylor, and Sir David Bintley to name a few. In addition, The Sarasota Ballet has continued to push the art form forward through commissioning new works, from both budding choreographers within the Company and established choreographers around the globe.

    Expenses $6,937,331 · Revenue $1,786,492

  • The Education department provides dance opportunities for all ages and abilities. The Sarasota Ballet School offers a high quality dance education for children 3 and above. We foster an environment that enables children to learn ballet correctly and safely, develop confidence and we pride ourselves on celebrating each student's individuality. The Margaret Barbieri Conservatory is a pre-professional program for students ages 12 and above to audition, and upon acceptance, receive the highest quality of dance education. The curriculum includes classical technique, pointe, contemporary, variations, repertoire, and conditioning. The Summer Intensive is specifically designed to develop young dancers technique alongside artistry. Students ages 11-21 audition to attend up to five weeks of rigorous dance training in Sarasota each summer.

    Expenses $1,382,489 · Grants $92,069 · Revenue $1,768,940

  • The Sarasota Ballet believes dance is for everyone and takes pride in making dance accessible to all through our Community Engagement programs. Dance The Next Generation (DNG) was established over 30 years ago and provides equitable access to quality dance education by offering a comprehensive tuition-free dance program to 3-12 graders from underrepresented areas. Through diversified dance offerings, progressing enrichment activities, and ever-increasing community partnerships, DNG students receive a complete 10 year dance experience that supports education, community, and academic excellence for each student. Additionally, our other Community Engagement programs provide access and opportunity for those 5 to 95 to explore and experience the world of dance. Focusing on youth, adaptive, and community, they offer complimentary and low cost programs such as school performances and programs, Joyful Movement Through Parkinson's, Silver Swans, and community experiences.

    Expenses $542,772 · Grants $20,700

As filed on the 2024 return.

Listed in Part VII

  • David Welle

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Patrick Kenny

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Peter B Miller

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Sandra DeFeo

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Audrey Robbins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Wilson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Frank Martucci

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ginger Cannon Bailey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hillary Steele

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jan Sirota

    Director

    Total calculated
    $0
    Hours/week
    1

  • JoAnn Heffernan Heisen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julie A Harris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Mitchell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maureen Steiner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mercedita OConnor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patricia A Golemme

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robin Grossman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Oberndorf

    Director

    Total calculated
    $0
    Hours/week
    1

  • Warren R Colbert Sr

    Director

    Total calculated
    $0
    Hours/week
    1

  • William A Farber

    Director

    Total calculated
    $0
    Hours/week
    1

  • William E Chapman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Volpe

    Executive Director

    Total calculated
    $237,913
    From this org
    $237,913
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,913
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $237,913

  • Iain Webb

    Director

    Total calculated
    $261,039
    From this org
    $241,039
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,039
    Bonus
    $0
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $0
    Filer's total
    $261,039

  • Jason Ettore

    General Manager

    Total calculated
    $118,006
    From this org
    $118,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Margaret Barbieri

    Assistant Director

    Total calculated
    $185,538
    From this org
    $185,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,538
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $185,538

  • Michelle Butler

    Senior Director of Philanthropy

    Total calculated
    $141,577
    From this org
    $141,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

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
23 March 2026
IRS schema version
2024v5.1
Source object
202600829349301030

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