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Nonprofiteer
← CHARLOTTE BALLET

Form 990 for tax year 2022

Filed by CHARLOTTE BALLET.

Totals

Total revenue
$11,634,180
Total expenses
$11,919,638
Contributions and grants received
$7,288,594
Grants paid
$200,564
Program service revenue
$4,163,177
Investment income
$224,767
Other revenue
-$42,358
Total assets, end of year
$23,590,028
Total liabilities, end of year
$4,849,537
Net assets or fund balances, end of year
$18,740,491
Program services expenses (Part IX)
$6,401,462
Management and general expenses
$1,253,216
Fundraising expenses
$4,264,960
Program service expenses (Part III)
$6,401,462

Program services were 53.7% 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.

  • 1a · Federated campaigns

    $50,250

  • 1c · Fundraising events

    $850,890

  • 1e · Government grants (contributions)

    $102,200

  • 1f · All other contributions, gifts and grants

    $6,285,254

  • 1g · Noncash contributions included above

    $3,700,000

  • 2a · Program service revenue: TICKET SALES

    total $2,474,858 · related or exempt $2,474,858

  • 2b · Program service revenue: ACADEMY INCOME

    total $1,557,635 · related or exempt $1,557,635

  • 2c · Program service revenue: EDUCATION INCOME

    total $103,433 · related or exempt $103,433

  • 2d · Program service revenue: TOURING INCOME

    total $13,694 · related or exempt $13,694

  • 2e · Program service revenue: COMMUNITY ENGAGEMENT INCOME

    total $13,557 · related or exempt $13,557

  • 3 · Investment income

    total $224,767 · excluded $224,767

  • 6a · Gross rents

    real property $50,709

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $50,709

  • 6d · Net rental income or loss

    total $50,709 · related or exempt $50,709

  • 8a · Fundraising events: gross income

    $596,723

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

    $850,890

  • 8b · Fundraising events: direct expenses

    $755,962

  • 8c · Net income from fundraising events

    total -$159,239 · excluded -$159,239

  • 11a · Other revenue: OTHER MISC INCOME

    total $66,172 · related or exempt $66,172

  • 11e · Other revenue, total

    $66,172

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $200,564 · program services $200,564

  • 5 · Compensation of officers, directors and key employees

    total $799,636 · program services $339,353 · management and general $353,613 · fundraising $106,670

  • 7 · Other salaries and wages

    total $2,708,048 · program services $2,335,427 · management and general $165,030 · fundraising $207,591

  • 8 · Pension plan contributions

    total $15,697 · program services $10,317 · management and general $3,278 · fundraising $2,102

  • 9 · Other employee benefits

    total $285,992 · program services $222,961 · management and general $36,157 · fundraising $26,874

  • 10 · Payroll taxes

    total $369,634 · program services $293,579 · management and general $42,573 · fundraising $33,482

  • 11a · Fees: management

    total $179,065 · program services $15,311 · management and general $162,859 · fundraising $895

  • 11c · Fees: accounting

    total $40,932 · program services $3,500 · management and general $37,227 · fundraising $205

  • 11g · Fees: other

    total $230,950 · program services $196,914 · management and general $29,465 · fundraising $4,571

  • 12 · Advertising and promotion

    total $750,644 · program services $672,480 · management and general $1,588 · fundraising $76,576

  • 13 · Office expenses

    total $206,504 · program services $183,679 · management and general $10,168 · fundraising $12,657

  • 14 · Information technology

    total $97,315 · program services $72,165 · management and general $15,090 · fundraising $10,060

  • 15 · Royalties

    total $28,170 · program services $28,170

  • 16 · Occupancy

    total $492,011 · program services $474,385 · management and general $13,187 · fundraising $4,439

  • 17 · Travel

    total $76,610 · program services $72,270 · management and general $4,073 · fundraising $267

  • 19 · Conferences, conventions and meetings

    total $20,689 · program services $2,388 · management and general $17,441 · fundraising $860

  • 22 · Depreciation, depletion and amortization

    total $417,910 · program services $162,970 · management and general $254,940

  • 24a · Other expenses: DONATION EXPENSE FROM L

    total $3,700,000 · program services $0 · management and general $0 · fundraising $3,700,000

  • 24b · Other expenses: PRODUCTION COSTS

    total $355,915 · program services $355,400 · management and general $0 · fundraising $515

  • 24c · Other expenses: MUSIC

    total $243,627 · program services $243,592 · management and general $35 · fundraising $0

  • 24d · Other expenses: SUMMER INTENSIVE PROGRA

    total $94,661 · program services $94,661 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $605,064 · program services $421,376 · management and general $106,492 · fundraising $77,196

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,220,538 · end of year $1,797,765

  • 3 · Pledges and grants receivable

    beginning of year $610,660 · end of year $476,508

  • 4 · Accounts receivable

    beginning of year $930,811 · end of year $545,942

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,277 · end of year $106,422

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

    $19,739,601

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

    $5,900,966

  • 10c · Land, buildings and equipment, net

    beginning of year $10,558,927 · end of year $13,838,635

  • 12 · Investments: other securities

    beginning of year $6,085,685 · end of year $6,742,153

  • 15 · Other assets

    beginning of year $261,102 · end of year $82,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $280,346 · end of year $268,790

  • 19 · Deferred revenue

    beginning of year $667,519 · end of year $841,372

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,739,375

  • 27 · Net assets without donor restrictions

    beginning of year $12,578,739 · end of year $7,506,871

  • 28 · Net assets with donor restrictions

    beginning of year $6,248,396 · end of year $11,233,620

Mission and programs · 2022

Mission

CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION.

  • ARTISTIC PROGRAMMING: CHARLOTTE BALLET PRESENTS 5-6 PERFORMANCE SERIESOF CLASSICAL AND CONTEMPORARY BALLET IN CHARLOTTE ANNUALLY, IN ADDITIONTO PERFORMING ON TOUR LOCALLY, REGIONALLY, NATIONALLY AND INTERNATIONALLY. THE ORGANIZATION EMPLOYS AN AVERAGE OF 28 DANCERS (20 FIRST COMPANY; 8 SECOND COMPANY) EACH SEASON. THE NATION'S TOP DANCERS ARE ATTRACTED TO CHARLOTTE BALLET'S RENOWNED ARTISTIC LEADERSHIP; THE DIVERSITY OF ITS CHOREOGRAPHERS AND CHALLENGING REPERTOIRE (BOTH CLASSICAL AND CONTEMPORARY); AND A COMPETITIVE CONTRACT THAT INCLUDES A MINIMUM OF 36 WEEKS OF WORK/YEAR IN PROGRAMMING, EDUCATION AND COMMUNITY ENGAGEMENT, AND DANCE TRAINING AND DIVERSE REPERTOIRE RANGING FROM FULL-LENGTH CLASSICAL BALLETS TO INNOVATIVE CONTEMPORARY WORKS. CHARLOTTE BALLET'S COLLECTIVE TALENTS PROVIDE THE OPPORTUNITY TO CHALLENGE, STIMULATE, EDUCATE, ENTERTAIN AND ENRICH AUDIENCES.ALEJANDRO CERRUDO WAS HIRED IN MAY 2022 AS JUST THE FIFTH ARTISTIC DIRECTOR IN CHARLOTTE BALLET'S 50+ YEAR HISTORY. UNDER HIS ARTISTIC LEADERSHIP, CHARLOTTE BALLET WILL CONTINUE TO PUSH THE BOUNDARIES OF BALLET AND CONTEMPORARY DANCE, AS HIS ARTISTIC VISION IS TO "BUILD UPON THE COMPANY'S IDENTITY AS ONE OF QUALITY, CREATIVITY, AND RANGE, WHILE EMBRACING A PIONEERING PERSPECTIVE TO ENRICH THE ART FORM." IN THIS NEW ERA UNDER CERRUDO'S LEADERSHIP, CHARLOTTE BALLET IS POISED TO CONTINUE ITS MULTIFACETED COMMUNITY ENGAGEMENT PROGRAMMING FOR ALL AGES, HIGH-CALIBER ACADEMY AND INNOVATIVE PERFORMANCES, AND GROW INTO A CREATIVE CULTURAL LEADER THAT STANDS FOR DIVERSITY, EQUITY AND INCLUSION WITHIN ITS OWN WALLS AND BEYOND.

    Expenses $4,672,801 · Revenue $2,464,598

  • EDUCATION & COMMUNITY ENGAGEMENT PROGRAMMING: CHARLOTTE BALLET'SFLAGSHIP COMMUNITY ENGAGEMENT PROGRAM, REACH, OFFERS BALLET AND WORLDDANCE TRAINING BY PROFESSIONAL TEACHING ARTISTS AND DANCE ATTIRE FOR UPTO 120 STUDENTS ANNUALLY, ALL AT NO COST TO PARTICIPANTS' FAMILIES.CLASSES ARE CONDUCTED OVER 29 SEQUENTIAL WEEKS, IN FIVE COMMUNITYCENTERS ACROSS MECKLENBURG COUNTY. THE PROGRAM, WHICH IS A RESULT OF APARTNERSHIP BETWEEN CHARLOTTE BALLET AND THE MECKLENBURG COUNTY PARK &RECREATION DEPARTMENT, IS THE RECIPIENT OF THE NATIONAL ASSOCIATION OFCOUNTIES AWARD IN RECOGNITION OF "AN EFFECTIVE AND INNOVATIVE PROGRAMWHICH CONTRIBUTES TO AND ENHANCES COUNTY GOVERNMENT IN THE UNITEDSTATES AND THE NORTH CAROLINA RECREATION AND PARKS ASSOCIATION ARTSAND HUMANITIES NOT ONLY DOES REACH OFFER ACCESS TO HIGH-QUALITY DANCE TRAINING AT NO COST, WITH CLASSES IN DIVERSE NEIGHBORHOODS ACROSS MECKLENBURG COUNTY; IT ALSO OFFERS OPPORTUNITIES FOR PROMISING STUDENTS TO CONTINUE TO TRAIN IN DANCE THROUGH SCHOLARSHIPS TO CHARLOTTE BALLET ACADEMY, AS WELL AS MENTORSHIP OPPORTUNITIES FOR REACH GRADUATES THAT INCLUDE TEACHER ASSISTANT POSITIONS AND INTERNSHIPS. REACH SCHOLARSHIPSCOMPLEMENT NUMEROUS SCHOLARSHIPS OFFERED BY CHARLOTTE BALLET ACADEMY TOTRAIN AT VARIOUS LEVELS. CHARLOTTE BALLET IS COMMITTED TO OFFERINGTALENTED, COMMITTED DANCERS ACCESS TO HIGH-QUALITY TRAINING, REGARDLESSOF SOCIO-ECONOMIC BACKGROUND, GEOGRAPHIC OR OTHER RESOURCE LIMITATIONS.IN ADDITION TO REACH, CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITYENGAGEMENT PROGRAMMING INCLUDES COMMUNITY PERFORMANCES,BEHIND-THE-SCENES TOURS, AFTER-SCHOOL DANCE PROGRAMS, SUMMER ENRICHMENTPROGRAMS, SENIOR DRESS REHEARSALS, CURRICULUM-BASED ARTS EDUCATIONTHROUGH IN-CLASSROOM PROGRAMMING, DANCE-A-STORY WORKSHOPS,LECTURE-DEMONSTRATIONS AND EDUCATIONAL THEATER PERFORMANCES - ALL INPARTNERSHIP WITH AREA SCHOOLS AND COMMUNITY ORGANIZATIONS. APARTNERSHIP WITH INREACH (A NON-PROFIT ORGANIZATION THAT SUPPORTSADULTS WITH INTELLECTUAL, DEVELOPMENTAL AND OTHER DISABILITIES) OFFERSMEMBERS AND THEIR CAREGIVERS WEEKLY DANCE CLASSES BY CHARLOTTE BALLETTEACHING ARTISTS AND A PUBLIC PERFORMANCE AT THE CENTER FOR DANCE.DURING THE MIDDLE & HIGH SCHOOL DANCE FESTIVAL, CHARLOTTE BALLET OFFERSA TWO-DAY FESTIVAL AT THE CENTER FOR DANCE, WITH MASTER CLASSES ANDAUDITIONS FOR SCHOLARSHIPS TO COLLEGE AND SUMMER DANCE PROGRAMS. A"SENSORY FRIENDLY PERFORMANCE," GIVES INDIVIDUALS AFFECTED BY AUTISMSPECTRUM DISORDERS AND OTHER SENSORY, SOCIAL, AND COGNITIVEDISABILITIES THE OPPORTUNITY TO ENJOY A CHARLOTTE BALLET PERFORMANCEWITH A MODIFIED LEVEL OF SENSORY STIMULUS IN THE THEATER. IN TOTAL,CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITY ENGAGEMENTPROGRAMMING SERVES OVER 30,000 - APPROXIMATELY 85% OF WHOM ARECHILDREN/YOUTH.

    Expenses $275,833 · Revenue $116,990

  • DANCE TRAINING: THE OLDEST DANCE SCHOOL IN NORTH CAROLINA AFFILIATED WITH A PROFESSIONAL DANCE COMPANY, CHARLOTTE BALLET ACADEMY ANNUALLY ENROLLS OVER 900 STUDENTS AGES THREE TO ADULT FROM ACROSS THE COUNTRY AND AROUND THE WORLD. ALUMNI OF THE HIGHEST LEVEL OF TRAINING, THE PRE-PROFESSIONAL DIVISION, HAVE GONE ON TO DANCE AT AMERICAN SCHOOL OF BALLET, SAN FRANCISCO BALLET AND MORE; AND THE ACADEMY'S REPERTORY ENSEMBLE, A PERFORMANCE GROUP MADE OF TOP-LEVEL STUDENTS, IS DESIGNATED AS AN HONOR COMPANY WITH THE SOUTHEASTERN REGIONAL BALLET ASSOCIATION.

    Expenses $1,452,828 · Grants $200,564 · Revenue $1,567,895

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

Listed in Part VII

  • Alfred Kendrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nina Austin

    BOARD MEMBER - PLANNING & MISSION IMPACT CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Chris Ullrich

    BOARD MEMBER - INSTITUTIONAL ADVANCEMENT CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Christine Channels

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer George

    BOARD MEMBER - AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Watts Hamrick

    BOARD MEMBER - CAMPAIGN ADVISORY CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Rolfe Eldridge Hughes IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tadd Morganti

    BOARD TREASURER - FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Meghan Clithero

    BOARD CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5

  • Claire Rauscher

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Tom Joseph

    BOARD DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Alexandra Naranjo-Myrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anna Coon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ashley Larkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brook Muller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carl Showalter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Secrest

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gia Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Cagle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Fitzhugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Breach-Washington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy Giannuzzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Morgan

    BOARD MEMBER - CAMPUS ADVISORY CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Keith Oberkfell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Sherman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kobi Brinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Krista Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lara Simmons Nichols

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Benson

    SECRETARY - COMPENSATION & GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Lucrecia Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marissa Michaels

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Cuebas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Russell Raath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracey Wopperer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracy Stouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Singleton

    EXECUTIVE DIRECTOR

    Total calculated
    $238,841
    From this org
    $218,962
    From related orgs
    $0
    Other
    $19,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,962
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,879
    Filer's total
    $238,841

  • Christopher Stuart

    INTERIM ARTISTIC DIRECTOR

    Total calculated
    $110,166
    From this org
    $104,687
    From related orgs
    $0
    Other
    $5,479
    Hours/week
    40

  • Alejandro Cerrudo

    ARTISTIC DIRECTOR

    Total calculated
    $153,633
    From this org
    $148,034
    From related orgs
    $0
    Other
    $5,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,034
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,599
    Filer's total
    $153,633

  • Shannon O'Keeffe

    DIRECTOR OF FINANCE & HR

    Total calculated
    $108,497
    From this org
    $101,523
    From related orgs
    $0
    Other
    $6,974
    Hours/week
    40

  • Meg Putnam

    DIRECTOR OF PHILANTHROPY & EXTERNAL RELATIONS

    Total calculated
    $105,212
    From this org
    $103,395
    From related orgs
    $0
    Other
    $1,817
    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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349313681

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