Portland School Of Ballet
- Assets
- $175.4k
- Revenue
- $579.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, ME
- Founding
- 03/1992
- Data as of
- 07/2023
- EIN
- 01-0372997
Organization Overview
Portland School Of Ballet is located in Portland, ME. The organization was established in 1992. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Portland School Of Ballet employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland School Of Ballet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Portland School Of Ballet generated $579.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $559.4k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS PORTLAND BALLETS MISSION TO ENRICH OUR COMMUNITY THROUGH DANCE, EDUCATION, AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTLAND BALLET OFFERS PROGRAMS FOR ALL AGES IN THE FOLLOWING GROUPS YOUNG, SYLLABUS, CORPS AND ADULT. ITS YOUNG DANCER PROGRAM IS DESIGNED FOR DANCERS AGES 3-7 PROMOTING MOVEMENT TO MUSIC AND DEVELOPING DANCERS FOR THE NEXT STAGE. ITS SYLLABUS IS DESIGNED FOR DANCERS STARTING AT AGE 7 AND PROGRESSES THROUGH THEIR TEEN YEARS ESTABLISHING A STRONG FOUNDATION IN CORRECT POSTURE, CLASSICAL PLACEMENT, MUSICALITY, BALLET TECHNIQUE, VOCABULARY AND ARTISTIC EXPRESSION. ITS CORPS PROGRAM IS A PRE-PROFESSIONAL CURRICULUM FOR HIGH SCHOOL AND POST-GRADUATE STUDENTS. ITS THREE HOURS OF INTENSIVE STUDY IN BALLET, DANCE HISTORY, NUTRITION AND STAGECRAFT. ITS ADULT DROP-IN CLASSES RANGE FROM BEGINNER TO ADVANCE INSTRUCTION.
PORTLAND BALLETS PRODUCTION COMPANY PRESENTS FOUR PRODUCTIONS PER SEASON INCLUDING FAN FAVORITES LIKE JACK THE RIPPER AND A VICTORIAN NUTCRACKER. PSBS ANNUAL PRODUCTION ALSO SHOWCASES THE SCHOOLS DANCERS AND THEIR TALENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nell Shipman Executive Director | Officer | 40 | $51,432 |
Ellen Weaver President | OfficerTrustee | 2 | $0 |
Tatyana Nossova Treasurer | OfficerTrustee | 2 | $0 |
Alison Bromski Vice President | OfficerTrustee | 2 | $0 |
Ryan D'wolff Munro Director | Trustee | 2 | $0 |
Diana Grandoni Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,935 |
| Total Program Service Revenue | $457,321 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $775 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,093 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $10,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,800 |
| Advertising and promotion | $3,448 |
| Office expenses | $19,515 |
| Information technology | $1,650 |
| Royalties | $0 |
| Occupancy | $68,723 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,332 |
| Insurance | $0 |
| All other expenses | $540 |
| Total functional expenses | $559,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $56,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,364 |
| Accounts payable and accrued expenses | $307 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $307 |
| Net assets without donor restrictions | $174,227 |
| Net assets with donor restrictions | $830 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $175,364 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
317 Main St Community Music Center Inc Yarmouth, ME | $7,444,993 | $1,354,223 |
The Concord Community Music School Concord, NH | $1,380,856 | $1,590,338 |
Kneisel Hall Blue Hill, ME | $13,311,046 | $1,459,143 |
The Spartan Junior Drum And Bugle Corps Inc Nashua, NH | $403,242 | $1,033,324 |
Nashua Community Music School Nashua, NH | $128,189 | $607,843 |
Portland Conservatory Of Music Portland, ME | $1,798,028 | $767,437 |
Portland School Of Ballet Portland, ME | $175,364 | $579,343 |
River Tree Arts Kennebunk, ME | $522,181 | $383,150 |
Midcoast Music Academy Rockport, ME | $304,330 | $303,902 |
Pierre Monteux Memorial Foundation Hancock, ME | $2,330,308 | $535,557 |
Flying Gravity Circus Wilton, NH | $78,369 | $284,780 |
New Surry Repertory Theatre And Acting School Inc Blue Hill, ME | $42,101 | $0 |
Christ Arts Institute Inc Warner, NH | $41,713 | $0 |