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Nonprofiteer
← CINCINNATI BALLET HOLDINGS INC

Form 990 for tax year 2023

Filed by CINCINNATI BALLET HOLDINGS INC.

Totals

Total revenue
$492,013
Total expenses
$1,543,826
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$491,971
Investment income
$42
Other revenue
$0
Total assets, end of year
$28,733,241
Total liabilities, end of year
$15,761,305
Net assets or fund balances, end of year
$12,971,936
Program services expenses (Part IX)
$1,283,622
Management and general expenses
$260,204
Fundraising expenses
$0
Program service expenses (Part III)
$1,283,622

Program services were 83.1% 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.

  • 2a · Program service revenue: Rental Income

    total $491,971 · related or exempt $491,971

  • 3 · Investment income

    total $42 · excluded $42

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $146,576 · program services $29,231 · management and general $117,345

  • 22 · Depreciation, depletion and amortization

    total $1,397,250 · program services $1,254,391 · management and general $142,859

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,212 · end of year $113,256

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

    $31,565,805

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

    $4,173,204

  • 10c · Land, buildings and equipment, net

    beginning of year $28,771,306 · end of year $27,392,601

  • 15 · Other assets

    beginning of year $843,991 · end of year $1,227,384

  • 24 · Unsecured notes and loans payable

    beginning of year $18,982,939 · end of year $15,761,305

  • 27 · Net assets without donor restrictions

    beginning of year $10,783,570 · end of year $12,971,936

Mission and programs · 2023

Mission

The corporation is organized and shall at all times be operated exclusively for the support and benefit of The Cincinnati Ballet Company, Inc. and Ohio nonprofit corporation recognized as tax exempt from the federal taxation under Section 501(c)(3) of the Internal Revenue Code.

Activities or mission (Part I)

The corporation is organized and shall at all times be operated exclusively for the support and benefit of the The Cincinnati Ballet Company, Inc. and Ohio nonprofit corporation recognized as tax exempt from the federal taxation under Section 501(c)(3) of the Internal Revenue Code.

  • The corporation is organized and shall at all times be operated exclusively for the support and benefit of The Cincinnati Ballet Company, Inc. and Ohio nonprofit corporation recognized as tax exempt from the federal taxation under Section 501(c)(3) of the Internal Revenue Code.

    Expenses $1,283,622 · Revenue $491,971

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

Listed in Part VII

  • Scott Altman

    President - Exit 12/23

    Total calculated
    $299,228
    From this org
    $0
    From related orgs
    $274,356
    Other
    $24,872
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,356 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,824 related
    Nontaxable benefits
    $0 + $19,048 related
    Filer's total
    $0 + $299,228 related

  • Deborah S Brant - Start 0324

    VP/President/CEO

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Joe Carolin

    Treasurer

    Total calculated
    $152,994
    From this org
    $0
    From related orgs
    $140,124
    Other
    $12,870
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,124 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,416 related
    Nontaxable benefits
    $0 + $6,454 related
    Filer's total
    $0 + $152,994 related

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

None.

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 Question 3
Compensation is determined by related party.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202521299349302857

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