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Nonprofiteer
← SARASOTA BALLET OF FLORIDA INC

Form 990 for tax year 2023

Filed by SARASOTA BALLET OF FLORIDA INC.

Totals

Total revenue
$10,266,328
Total expenses
$9,598,173
Contributions and grants received
$6,770,941
Grants paid
$118,854
Program service revenue
$3,170,341
Investment income
$439,978
Other revenue
-$114,932
Total assets, end of year
$17,117,438
Total liabilities, end of year
$3,872,739
Net assets or fund balances, end of year
$13,244,699
Program services expenses (Part IX)
$7,629,299
Management and general expenses
$1,198,494
Fundraising expenses
$770,380
Program service expenses (Part III)
$7,629,299

Program services were 79.5% 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

    $67,313

  • 1c · Fundraising events

    $1,036,914

  • 1e · Government grants (contributions)

    $231,189

  • 1f · All other contributions, gifts and grants

    $5,435,525

  • 1g · Noncash contributions included above

    $428,701

  • 2a · Program service revenue: TUITION

    total $1,619,666 · related or exempt $1,619,666

  • 2b · Program service revenue: BALLET PERFORMANCES

    total $1,541,103 · related or exempt $1,541,103

  • 2c · Program service revenue: PROGRAM BOOK

    total $9,572 · unrelated business $9,572

  • 3 · Investment income

    total $439,978 · excluded $439,978

  • 6a · Gross rents

    real property $104,850

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $104,850

  • 6d · Net rental income or loss

    total $104,850 · related or exempt $104,850

  • 7a · Gross sales of assets other than inventory

    securities $1,242,901

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

    securities $1,242,901

  • 7c · Gain or loss

    securities $0

  • 8a · Fundraising events: gross income

    $2,454

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

    $1,036,914

  • 8b · Fundraising events: direct expenses

    $222,536

  • 8c · Net income from fundraising events

    total -$220,082 · excluded -$220,082

  • 11a · Other revenue: MISCELLANEOUS

    total $300 · related or exempt $300

  • 11e · Other revenue, total

    $300

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $118,854 · program services $118,854

  • 5 · Compensation of officers, directors and key employees

    total $691,056 · program services $460,944 · management and general $230,112

  • 7 · Other salaries and wages

    total $3,887,783 · program services $3,097,683 · management and general $371,035 · fundraising $419,065

  • 9 · Other employee benefits

    total $318,387 · program services $264,871 · management and general $24,974 · fundraising $28,542

  • 10 · Payroll taxes

    total $376,497 · program services $276,665 · management and general $73,411 · fundraising $26,421

  • 11b · Fees: legal

    total $77,059 · program services $61,646 · management and general $15,413

  • 11c · Fees: accounting

    total $30,715 · management and general $30,715

  • 11f · Fees: investment management

    total $27,133 · management and general $27,133

  • 11g · Fees: other

    total $488,979 · program services $464,721 · management and general $21,963 · fundraising $2,295

  • 12 · Advertising and promotion

    total $850,281 · program services $787,408 · management and general $1,111 · fundraising $61,762

  • 13 · Office expenses

    total $407,520 · program services $103,040 · management and general $269,834 · fundraising $34,646

  • 15 · Royalties

    total $261,772 · program services $261,772

  • 16 · Occupancy

    total $566,691 · program services $557,737 · management and general $8,954

  • 17 · Travel

    total $153,574 · program services $140,847 · management and general $6,410 · fundraising $6,317

  • 22 · Depreciation, depletion and amortization

    total $226,133 · program services $211,291 · management and general $13,756 · fundraising $1,086

  • 23 · Insurance

    total $84,982 · program services $9,076 · management and general $75,906

  • 24a · Other expenses: PRODUCTION COSTS

    total $298,346 · program services $298,346

  • 24b · Other expenses: ROOM AND BOARD

    total $207,680 · program services $207,680

  • 24c · Other expenses: LIVE MUSIC

    total $203,595 · program services $203,595

  • 24d · Other expenses: CATERING

    total $176,511 · program services $36,600 · fundraising $139,911

  • 24e · All other expenses

    total $144,625 · program services $66,523 · management and general $27,767 · fundraising $50,335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,188 · end of year $761,769

  • 2 · Savings and temporary cash investments

    beginning of year $1,249,394 · end of year $808,437

  • 3 · Pledges and grants receivable

    beginning of year $581,408 · end of year $760,353

  • 9 · Prepaid expenses and deferred charges

    beginning of year $408,902 · end of year $893,251

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

    $3,624,916

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

    $1,841,027

  • 10c · Land, buildings and equipment, net

    beginning of year $1,708,591 · end of year $1,783,889

  • 12 · Investments: other securities

    beginning of year $9,150,282 · end of year $9,917,862

  • 15 · Other assets

    beginning of year $1,713,268 · end of year $2,191,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $246,636 · end of year $336,096

  • 19 · Deferred revenue

    beginning of year $1,060,056 · end of year $1,109,359

  • 25 · Other liabilities

    beginning of year $1,895,531 · end of year $2,427,284

  • 27 · Net assets without donor restrictions

    beginning of year $7,132,828 · end of year $10,078,955

  • 28 · Net assets with donor restrictions

    beginning of year $4,551,982 · end of year $3,165,744

Mission and programs · 2023

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 $5,702,793 · Revenue $1,646,253

  • THE SARASOTA BALLET BELIEVES DANCE IS FOR EVERYONE AND TAKES PRIDE IN MAKING DANCE ACCESSIBLE TO ALL THROUGH OURCOMMUNITY ENGAGEMENT PROGRAMS. DANCE THE NEXT GENERATION (DNG) WAS ESTABLISHED OVER 30 YEARS AGO ANDPROVIDES 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 THATSUPPORTS EDUCATION, COMMUNITY, AND ACADEMIC EXCELLENCE FOR EACH STUDENT. ADDITIONALLY, OUR OTHER COMMUNITYENGAGEMENT PROGRAMS PROVIDE ACCESS AND OPPORTUNITY FOR THOSE 5 TO 95 TO EXPLORE AND EXPERIENCE THE WORLD OFDANCE. FOCUSING ON YOUTH, ADAPTIVE, (CONTINUED AT SCHEDULE O) AND COMMUNITY, THEY OFFER COMPLIMENTARY AND LOW COST PROGRAMS SUCH AS SCHOOL PERFORMANCES AND PROGRAMS, JOYFUL MOVEMENT THROUGH PARKINSON'S, SILVER SWANS, AND COMMUNITYEXPERIENCES.

    Expenses $545,190 · Grants $6,840

  • 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 (CONTINUED AT SCHEDULE O) TO ATTEND UP TO FIVE WEEKS OF RIGOROUS DANCE TRAINING IN SARASOTA EACH SUMMER.

    Expenses $1,381,316 · Grants $112,014 · Revenue $1,619,666

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SANDRA DEFEO

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PETER MILLER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN COLEMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PATRICK KENNY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MAUREEN STEINER

    GOVERNANCE OFFICER

    Total calculated
    $0
    Hours/week
    1

  • GINGER CANNON BAILEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ISABEL BECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM CHAPMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LYNDA DOERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM FARBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA GOLEMME

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOANN HEFFERNAN HEISEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHIL LOMBARDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANK MARTUCCI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROSEMARY OBERNDORF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MERCEDITA OCONNOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AUDREY ROBBINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAN SIROTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HILLARY STEELE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEAN WEILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID WELLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH VOLPE

    EXECUTIVE DIRECTOR

    Total calculated
    $223,826
    From this org
    $223,826
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,826
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $223,826

  • IAIN WEBB

    DIRECTOR

    Total calculated
    $248,938
    From this org
    $228,938
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,938
    Bonus
    $0
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $0
    Filer's total
    $248,938

  • MARGARET BARBIERI

    ASSISTANT DIRECTOR

    Total calculated
    $178,748
    From this org
    $178,748
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,748
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $178,748

  • MELISSA MCCOY

    CHIEF STRATEGY & ADVANCEME

    Total calculated
    $173,398
    From this org
    $173,398
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,398
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $173,398

  • KRISTIE COX

    FINANCE & HR DIRECTOR

    Total calculated
    $112,868
    From this org
    $112,868
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JASON ETTORE

    GENERAL MANAGER

    Total calculated
    $106,229
    From this org
    $106,229
    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
2023
Filed
26 March 2025
IRS schema version
2023v6.0
Source object
202520869349300742

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