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Nonprofiteer
← BALLET HISPANICO OF NEW YORK

Form 990 for tax year 2023

Filed by BALLET HISPANICO OF NEW YORK.

Totals

Total revenue
$7,064,773
Total expenses
$9,845,181
Contributions and grants received
$3,398,569
Grants paid
$461,395
Program service revenue
$3,148,936
Investment income
$289,263
Other revenue
$228,005
Total assets, end of year
$20,298,316
Total liabilities, end of year
$2,613,728
Net assets or fund balances, end of year
$17,684,588
Program services expenses (Part IX)
$8,109,405
Management and general expenses
$893,319
Fundraising expenses
$842,457
Program service expenses (Part III)
$8,109,405

Program services were 82.4% 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.

  • 1c · Fundraising events

    $768,866

  • 1e · Government grants (contributions)

    $692,285

  • 1f · All other contributions, gifts and grants

    $1,937,418

  • 2a · Program service revenue: TUITION

    total $1,831,469 · related or exempt $1,831,469

  • 2b · Program service revenue: PERFORMANCES

    total $1,317,467 · related or exempt $1,317,467

  • 3 · Investment income

    total $359,360 · excluded $359,360

  • 6a · Gross rents

    real property $210,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $210,500

  • 6d · Net rental income or loss

    total $210,500 · excluded $210,500

  • 7a · Gross sales of assets other than inventory

    securities $9,993,486

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

    securities $10,063,583

  • 7c · Gain or loss

    securities -$70,097

  • 7d · Net gain or loss

    total -$70,097 · excluded -$70,097

  • 8a · Fundraising events: gross income

    $239,593

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

    $768,866

  • 8b · Fundraising events: direct expenses

    $239,593

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $11,553

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $11,553 · related or exempt $11,553

  • 11a · Other revenue: MISCELLANEOUS

    total $5,952 · excluded $5,952

  • 11e · Other revenue, total

    $5,952

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $461,395 · program services $461,395

  • 5 · Compensation of officers, directors and key employees

    total $1,016,364 · program services $585,450 · management and general $263,560 · fundraising $167,354

  • 7 · Other salaries and wages

    total $3,361,170 · program services $2,902,817 · management and general $171,798 · fundraising $286,555

  • 8 · Pension plan contributions

    total $38,128 · program services $31,633 · management and general $2,287 · fundraising $4,208

  • 9 · Other employee benefits

    total $545,593 · program services $447,598 · management and general $47,581 · fundraising $50,414

  • 10 · Payroll taxes

    total $462,977 · program services $370,241 · management and general $45,281 · fundraising $47,455

  • 11b · Fees: legal

    total $37,167 · program services $27,875 · management and general $9,292

  • 11c · Fees: accounting

    total $38,879 · management and general $38,879

  • 11d · Fees: lobbying

    total $66,000 · program services $66,000

  • 11f · Fees: investment management

    total $61,266 · management and general $61,266

  • 11g · Fees: other

    total $680,474 · program services $547,178 · management and general $78,833 · fundraising $54,463

  • 12 · Advertising and promotion

    total $236,583 · program services $217,114 · management and general $2,085 · fundraising $17,384

  • 13 · Office expenses

    total $159,224 · program services $111,589 · management and general $11,668 · fundraising $35,967

  • 16 · Occupancy

    total $560,881 · program services $509,569 · management and general $49,920 · fundraising $1,392

  • 17 · Travel

    total $436,447 · program services $424,227 · management and general $8,688 · fundraising $3,532

  • 20 · Interest

    total $65,169 · program services $58,652 · management and general $6,517

  • 22 · Depreciation, depletion and amortization

    total $384,268 · program services $345,842 · management and general $19,213 · fundraising $19,213

  • 23 · Insurance

    total $88,575 · program services $74,899 · management and general $13,676

  • 24a · Other expenses: PRODUCTION EXPENSES

    total $791,583 · program services $731,439 · management and general $19,856 · fundraising $40,288

  • 24b · Other expenses: BANK/CC FEES & OTHER EX

    total $267,404 · program services $195,887 · management and general $21,652 · fundraising $49,865

  • 24c · Other expenses: INDIRECT BENEFIT EXP.

    total $64,367 · fundraising $64,367

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $21,267 · management and general $21,267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $564,863 · end of year $538,645

  • 2 · Savings and temporary cash investments

    beginning of year $847,093 · end of year $108,549

  • 3 · Pledges and grants receivable

    beginning of year $1,395,567 · end of year $806,441

  • 4 · Accounts receivable

    beginning of year $161,206 · end of year $235,863

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,521 · end of year $83,810

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

    $14,245,085

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

    $6,897,187

  • 10c · Land, buildings and equipment, net

    beginning of year $7,692,915 · end of year $7,347,898

  • 11 · Investments: publicly traded securities

    beginning of year $11,467,678 · end of year $10,943,726

  • 15 · Other assets

    beginning of year $175,319 · end of year $233,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $594,416 · end of year $363,793

  • 19 · Deferred revenue

    beginning of year $213,975 · end of year $291,510

  • 23 · Secured mortgages and notes payable

    beginning of year $1,960,571 · end of year $1,740,691

  • 25 · Other liabilities

    beginning of year $159,669 · end of year $217,734

  • 27 · Net assets without donor restrictions

    beginning of year $16,298,517 · end of year $14,681,525

  • 28 · Net assets with donor restrictions

    beginning of year $3,174,014 · end of year $3,003,063

Mission and programs · 2023

Mission

BALLET HISPANICO BRINGS COMMUNITIES TOGETHER TO CELEBRATE AND EXPLORE LATINO CULTURES THROUGH INNOVATIVE PRODUCTIONS, TRANSFORMATIVE DANCE TRAINING, AND COMMUNITY ENGAGEMENT.

Activities or mission (Part I)

BALLET HISPNICO OF NEW YORK, INC. BRINGS COMMUNITIES TOGETHER TO CELEBRATE AND EXPLORE LATINO CULTURES THROUGH INNOVATIVE PRODUCTIONS, TRANSFORMATIVE DANCE TRAINING, AND COMMUNITY ENGAGEMENT. THE ORGANIZATION PROVIDES A YEAR-ROUND PROGRAM OF EXTRA-CURRICULAR AND PRE-PROFESSIONAL DANCE TRAINING AT ITS STUDIOS AS WELL AS EXTENDED DANCE EDUCATION RESIDENCIES IN PUBLIC SCHOOLS AND COMMUNITY CENTERS THROUGHOUT THE NEW YORK CITY AREA. THE PROFESSIONAL DANCE COMPANY PERFORMS NATIONALLY AND INTERNATIONALLY WITH A REPERTORY OF WORKS CHOREOGRAPHED BY ESTABLISHED AND EMERGING ARTISTS OF LATINO DESCENT.

  • DANCE COMPANY: THE COMPANY IS A GROUP OF HIGHLY TRAINED PROFESSIONALS WHO PERFORM THE WORKS OF LATINO CHOREOGRAPHERS FOR AUDIENCES AROUND THE WORLD. OUR REPERTORY EXPLORES THE DIVERSITY OF LATINO CULTURES AND BRINGS INNOVATIVE WAYS OF EXPERIENCING AND SHARING A CULTURAL DIALOGUE. REPRESENTING A MULTITUDE OF NATIONALITIES, OUR ARTISTS REFLECT THE EVER-CHANGING FACE OF OUR NATION.

    Expenses $3,831,337 · Revenue $1,317,467

  • THE SCHOOL OF DANCE: THE BALLET HISPANICO SCHOOL OF DANCE TRAINS ECLECTIC, VERSATILE DANCERS WHO STAND OUT IN A COMPETITIVE PROFESSIONAL ENVIRONMENT FOR THEIR MASTERY OF THE CLASSICAL BALLET TRADITION, CONTEMPORARY TECHNIQUES, AND SPANISH DANCE. ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF DANCE, THE SCHOOL EMPOWERS STUDENTS BY OFFERING A HOLISTIC APPROACH TO MOVEMENT DISCOVERY, INCLUDING PRE-PROFESSIONAL TRAINING AND CLASSES FOR THE NOVICE DANCER. THE SCHOOL ALSO OFFERS ADULT CLASSES AND WORKSHOPS THAT PROVIDE CULTURAL ENRICHMENT AND THE JOY OF DANCE TO EVERYONE.

    Expenses $2,768,582 · Grants $461,395 · Revenue $1,290,304

  • COMMUNITY ARTS PARTNERSHIPS:COMMUNITY ARTS PARTNERSHIPS (CAP) PROVIDE EXPLORATORY LEARNING EXPERIENCES OF LATINO CULTURE IN SCHOOLS, BUSINESS, AND COMMUNITY CENTERS, PUBLIC SPACES AND AT UNIVERSITY CAMPUSES. CAP INCLUDES IN-SCHOOL AND AFTER-SCHOOL DANCE RESIDENCIES THAT UNITE TEACHING ARTISTS WITH THE SCHOOL COMMUNITY, INTERACTIVE PERFORMANCES FEATURING OUR SECOND COMPANY, BHDOS, AND TEACHER TRAINING SESSIONS, CLASSROOM WORKSHOPS AND MASTER CLASSES WITH BALLET HISPNICO'S EXTRAORDINARY COMPANY MEMBERS. CAP BRINGS THE ENJOYMENT OF LATINO DANCE TRADITIONS TO COUNTLESS THOUSANDS ACROSS THE COUNTRY. THE CAP MENU OF ACTIVITIES IN NEW YORK CITY OFFERS IN-SCHOOL OR AFTER-SCHOOL ARTS AND EDUCATION RESIDENCIES, WORKSHOPS IN DANCE FORMS FROM SPAIN AND LATIN AMERICA, INTERACTIVE PERFORMANCES BY OUR TEACHING ARTISTS, AND OUR BALLET HISPANICO REPERTORY EXCERPTS IN OUR PERFORMANCES FOR YOUNG PEOPLE (PYP). THE CONTRAST OF DANCE STYLES AND GENRES WITHIN OUR CAP PROGRAM WILL ALLOW THE STUDENTS TO WIDEN THEIR PERSPECTIVES OF DANCE AND CULTURE WHILE CELEBRATING THE RICH DIVERSITY IN OUR COMMUNITY'S HERITAGE.

    Expenses $1,134,870 · Revenue $541,165

  • ARNHOLD CENTER & OTHER COMMUNITY ENGAGEMENTS.

    Expenses $374,616 · Revenue $11,553

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

Listed in Part VII

  • KATE B LEAR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE CARUSO CABRERA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOSE TOLOSA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHARLES J WORTMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RITA RODRIGUEZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JODY GOTTFRIED ARNHOLD

    HONORARY CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • AURI FENOUI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRETT PERLMUTTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANAYS VICHOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID PEREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANCISCO RAMIREZ-VALLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HIROKO ITO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH WAYLAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUANA MALOOF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCOS TORRES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW FORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELISSA ALVAREZ DOWNING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT KARTHEISER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RONALD SCHECTMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARA LANGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT TEGETHOFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SERGIO TRUJILLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDUARDO NORFLEET-VILARO

    CEO & ARTISTIC DIRECTOR

    Total calculated
    $420,409
    From this org
    $305,185
    From related orgs
    $0
    Other
    $115,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,185
    Bonus
    $20,000
    Other
    $0
    Deferred
    $74,685
    Nontaxable benefits
    $40,539
    Filer's total
    $420,409

  • PATRICK MUHLEN-SCHULTE

    CHIEF MANAGING DIRECTOR

    Total calculated
    $96,119
    From this org
    $91,341
    From related orgs
    $0
    Other
    $4,778
    Hours/week
    40

  • FREDRICK PANDIAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $193,299
    From this org
    $187,589
    From related orgs
    $0
    Other
    $5,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,589
    Bonus
    $0
    Other
    $0
    Deferred
    $5,630
    Nontaxable benefits
    $80
    Filer's total
    $193,299

  • TAMIA BLACKMAN-SANTANA

    CHIEF ENGAGEMENT & ADMINIS

    Total calculated
    $168,047
    From this org
    $130,833
    From related orgs
    $0
    Other
    $37,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,833
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $37,214
    Filer's total
    $168,047

  • ELAINE DELGADO

    CHIEF DEVELOPMENT & MARKET

    Total calculated
    $158,392
    From this org
    $144,153
    From related orgs
    $0
    Other
    $14,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,153
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,239
    Filer's total
    $158,392

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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
14 January 2025
IRS schema version
2023v6.0
Source object
202520349349301912

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