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Nonprofiteer
← BALLET THEATRE FOUNDATION INC

Form 990 for tax year 2024

Filed by BALLET THEATRE FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 9 March 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$41,012,601
Total expenses
$55,099,836
Contributions and grants received
$19,912,696
Grants paid
$937,206
Program service revenue
$19,275,280
Investment income
$1,570,358
Other revenue
$254,267
Total assets, end of year
$63,573,623
Total liabilities, end of year
$32,018,643
Net assets or fund balances, end of year
$31,554,980
Program services expenses (Part IX)
$48,458,680
Management and general expenses
$3,652,435
Fundraising expenses
$2,988,721
Program service expenses (Part III)
$48,458,680

Program services were 87.9% 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

    $2,504,917

  • 1e · Government grants (contributions)

    $156,185

  • 1f · All other contributions, gifts and grants

    $17,251,594

  • 1g · Noncash contributions included above

    $3,953,810

  • 2a · Program service revenue: PERFORMANCE RECEIPTS

    total $13,361,647 · related or exempt $13,361,647

  • 2b · Program service revenue: TUITION INCOME

    total $4,848,863 · related or exempt $4,848,863

  • 2c · Program service revenue: PROGRAM FEES - EDUCATION

    total $591,984 · related or exempt $591,984

  • 2d · Program service revenue: HOUSING INCOME

    total $470,386 · related or exempt $470,386

  • 2e · Program service revenue: COSTUME RENTAL

    total $2,400 · related or exempt $2,400

  • 3 · Investment income

    total $751,342 · excluded $751,342

  • 5 · Royalties

    total $75,000 · excluded $75,000

  • 7a · Gross sales of assets other than inventory

    securities $6,422,448

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

    securities $5,603,432

  • 7c · Gain or loss

    securities $819,016

  • 7d · Net gain or loss

    total $819,016 · excluded $819,016

  • 8a · Fundraising events: gross income

    $930,589

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

    $2,504,917

  • 8b · Fundraising events: direct expenses

    $930,589

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $86,537

  • 10b · Cost of goods sold

    $39,819

  • 10c · Net income from sales of inventory

    total $46,718 · related or exempt $46,718

  • 11d · All other revenue

    total $132,549 · related or exempt $13,682 · excluded $118,867

  • 11e · Other revenue, total

    $132,549

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $658,200 · program services $658,200

  • 3 · Grants to foreign organizations and individuals

    total $279,006 · program services $279,006

  • 5 · Compensation of officers, directors and key employees

    total $1,444,482 · program services $518,554 · management and general $695,662 · fundraising $230,266

  • 7 · Other salaries and wages

    total $21,222,238 · program services $19,419,796 · management and general $749,742 · fundraising $1,052,700

  • 8 · Pension plan contributions

    total $1,091,289 · program services $1,084,618 · management and general $6,671

  • 9 · Other employee benefits

    total $4,877,381 · program services $4,613,653 · management and general $134,169 · fundraising $129,559

  • 10 · Payroll taxes

    total $2,276,404 · program services $2,025,891 · management and general $133,066 · fundraising $117,447

  • 11b · Fees: legal

    total $147,950 · program services $96,100 · management and general $15,952 · fundraising $35,898

  • 11c · Fees: accounting

    total $710,414 · management and general $710,414

  • 11e · Fees: professional fundraising services

    total $320,502 · fundraising $320,502

  • 11f · Fees: investment management

    total $124,971 · management and general $124,971

  • 11g · Fees: other

    total $1,326,245 · program services $629,551 · management and general $439,622 · fundraising $257,072

  • 12 · Advertising and promotion

    total $2,103,408 · program services $2,103,408

  • 13 · Office expenses

    total $236,818 · program services $167,175 · management and general $28,831 · fundraising $40,812

  • 14 · Information technology

    total $169,693 · program services $10,385 · management and general $158,044 · fundraising $1,264

  • 15 · Royalties

    total $543,722 · program services $543,722

  • 16 · Occupancy

    total $3,123,974 · program services $2,993,563 · management and general $61,878 · fundraising $68,533

  • 17 · Travel

    total $2,497,776 · program services $2,447,797 · management and general $38,331 · fundraising $11,648

  • 20 · Interest

    total $779,731 · program services $472,027 · management and general $98,774 · fundraising $208,930

  • 22 · Depreciation, depletion and amortization

    total $1,546,911 · program services $1,453,856 · management and general $34,225 · fundraising $58,830

  • 23 · Insurance

    total $313,837 · program services $191,382 · management and general $39,311 · fundraising $83,144

  • 24a · Other expenses: VENUE LABOR & RENTAL

    total $5,473,358 · program services $5,473,358

  • 24b · Other expenses: PRODUCTION

    total $1,454,100 · program services $1,454,100

  • 24c · Other expenses: CREDIT CARD & BANK FEES

    total $868,426 · program services $713,779 · management and general $18,442 · fundraising $136,205

  • 24d · Other expenses: SHOES AND TIGHTS

    total $334,528 · program services $334,528

  • 24e · All other expenses

    total $1,174,472 · program services $774,231 · management and general $164,330 · fundraising $235,911

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,233,473 · end of year $5,163,380

  • 2 · Savings and temporary cash investments

    beginning of year $112,074

  • 3 · Pledges and grants receivable

    beginning of year $6,532,909 · end of year $3,137,297

  • 4 · Accounts receivable

    beginning of year $886,326 · end of year $648,664

  • 8 · Inventories for sale or use

    beginning of year $26,973 · end of year $12,129

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,554,023 · end of year $3,021,960

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

    $27,938,216

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

    $23,009,003

  • 10c · Land, buildings and equipment, net

    beginning of year $4,692,981 · end of year $4,929,213

  • 11 · Investments: publicly traded securities

    beginning of year $27,925,375 · end of year $29,297,993

  • 15 · Other assets

    beginning of year $19,491,970 · end of year $17,362,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,992,162 · end of year $5,341,155

  • 19 · Deferred revenue

    beginning of year $985,990 · end of year $1,243,641

  • 23 · Secured mortgages and notes payable

    beginning of year $9,000,000 · end of year $10,750,000

  • 25 · Other liabilities

    beginning of year $16,800,124 · end of year $14,683,847

  • 27 · Net assets without donor restrictions

    beginning of year $10,895,072 · end of year $2,777,265

  • 28 · Net assets with donor restrictions

    beginning of year $32,782,756 · end of year $28,777,715

Mission and programs · 2024

Mission

TO CREATE, TO PRESENT, TO PRESERVE, AND TO EXTEND THE GREAT REPERTOIRE OF CLASSICAL DANCING THROUGH EXCITING PERFORMANCES AND EDUCATIONAL PROGRAMMING OF THE HIGHEST QUALITY, PRESENTED TO THE WIDEST POSSIBLE AUDIENCE. AMERICAN BALLET THEATRE IS COMMITTED TO ITS TRADITION OF EXCELLENCE AND ITS LEADERSHIP ROLE AS AMERICA'S NATIONAL BALLET COMPANY.

Activities or mission (Part I)

THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD.

  • SEASONS:IN 2024, ABT PRESENTED 8 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF ONEGIN, WOOLF WORKS, SWAN LAKE, ROMEO AND JULIET, AND LIKE WATER FOR CHOCOLATE. ABT PRESENTED THREE WEEKS OF REPERTORY PROGRAMS IN OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.

    Expenses $38,105,842 · Revenue $12,561,357

  • TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2024 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2024 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.

    Expenses $2,684,249 · Revenue $920,704

  • EDUCATIONAL TRAINING AND OUTREACH: IN 2024, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 40,000 INDIVIDUALS THROUGH ITS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 20 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (366 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (725 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 138 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2024 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED ALMOST 4,000 (3,982) TEACHERS IN 49 STATES AND 63 COUNTRIES.

    Expenses $7,668,589 · Grants $937,206 · Revenue $5,853,619

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDREW F BARTH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • SARAH ARISON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • SHARON PATRICK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • KARA MOORE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MELISSA A SMITH

    VICE CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    5

  • STEWART SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ALEXANDRA AIRTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNA CALAMARI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARIELLE PATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALEXIS STILES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANCESCA MACARTNEY BEALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HAMISH BOWLES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VALENTINO D CARLOTTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN FALES-HILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAMELA FORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GWENDOLYN M FRAGOMEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES HEXTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANGELA H HO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • YONGSOO HUH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WENDY EVANS JOSEPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHELLY LONDON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALISSA HSU LYNCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAULA MAHONEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY MCCORMICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA R MORTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL PAULL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD PEPPERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DMITRI POTISHKO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANINE RACANELLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNA SEGAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARAREH SIADAT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH CHARTOFF SPECTOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUTTON STRACKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS TABISH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUTGER VON POST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN L WARDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS C WURTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARRY HUGHSON

    EXECUTIVE DIRECTOR (AS OF 3/2024)

    Total calculated
    $439,966
    From this org
    $432,888
    From related orgs
    $0
    Other
    $7,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,888
    Bonus
    $50,000
    Other
    $55,000
    Deferred
    $0
    Nontaxable benefits
    $7,078
    Filer's total
    $439,966

  • SUSAN JAFFE

    ARTISTIC DIRECTOR

    Total calculated
    $518,554
    From this org
    $501,081
    From related orgs
    $0
    Other
    $17,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $501,081
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,473
    Filer's total
    $518,554

  • LOURDES LIZ

    CHIEF MARKETING DIRECTOR

    Total calculated
    $255,696
    From this org
    $238,294
    From related orgs
    $0
    Other
    $17,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,294
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,402
    Filer's total
    $255,696

  • KYLE RIDAUGHT

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $230,266
    From this org
    $212,769
    From related orgs
    $0
    Other
    $17,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,769
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,497
    Filer's total
    $230,266

  • HERMAN CORNEJO

    PRINCIPAL DANCER

    Total calculated
    $257,676
    From this org
    $235,799
    From related orgs
    $0
    Other
    $21,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,799
    Bonus
    $0
    Other
    $0
    Deferred
    $4,292
    Nontaxable benefits
    $17,585
    Filer's total
    $257,676

  • PAUL STEARNS

    PRINCIPAL DANCER

    Total calculated
    $238,193
    From this org
    $216,622
    From related orgs
    $0
    Other
    $21,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,622
    Bonus
    $0
    Other
    $0
    Deferred
    $4,401
    Nontaxable benefits
    $17,170
    Filer's total
    $238,193

  • CHERYL KOHN

    DIRECTOR, LEADERSHIP GIFTS

    Total calculated
    $231,385
    From this org
    $213,849
    From related orgs
    $0
    Other
    $17,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,849
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,536
    Filer's total
    $231,385

  • HEE SEO

    PRINCIPAL DANCER

    Total calculated
    $228,534
    From this org
    $207,134
    From related orgs
    $0
    Other
    $21,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,134
    Bonus
    $0
    Other
    $0
    Deferred
    $4,152
    Nontaxable benefits
    $17,248
    Filer's total
    $228,534

  • JENELLE VINCENT

    CONTROLLER

    Total calculated
    $219,509
    From this org
    $201,973
    From related orgs
    $0
    Other
    $17,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,973
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,536
    Filer's total
    $219,509

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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, LINE 1A
ABT PROVIDES A TAXABLE HOUSING ALLOWANCE OF $55,000 TO BARRY HUGHSON, EXECUTIVE DIRECTOR.

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
5 March 2026
IRS schema version
2024v5.5
Source object
202630689349300323

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