Maine State Ballet
- Assets
- $2.3m
- Revenue
- $904.5k
- Investments
- $544.7k
- Employees
- 27
- Location
- Falmouth, ME
- Founding
- 04/1987
- Data as of
- 08/2020
- EIN
- 01-0420070
Organization Overview
Maine State Ballet is located in Falmouth, ME. The organization was established in 1987. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Maine State Ballet employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine State 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 08/2020, Maine State Ballet generated $904.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $926.8k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MAINE STATE BALLETS MISSION TO UPLIFT THE MAINE COMMUNITY THROUGH INSPIRING DANCE EDUCATION AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OF PERFORMING ARTS - THE MAINE STATE BALLET SCHOOL FOR PERFORMING ARTS OFFERS INSTRUCTION IN BALLET, JAZZ, TAP, AND MUSICAL THEATRE TO OVER 300 STUDENTS OF PRESCHOOL THROUGH ADULT AGES. MSB OFFERS APPROXIMATELY $15,000 IN TUITION SCHOLARSHIPS ANNUALLY TO STUDENTS WITH FINANCIAL NEED, DANCERS WITH PROMISE, AND COMPANY MEMBERS.
OUTREACH PROGRAMS - PART OF MAINE STATE BALLETS VISION IS TO OFFER BALLET AND VARIED DANCE/MUSICAL PRODUCTIONS TO A DIVERSE COMMUNITY AUDIENCE ON A REGULAR AND AFFORDABLE BASIS AND IN COLLABORATION WITH REGIONAL ARTS ORGANIZATIONS. MAINE STATE BALLETS OUTREACH PROGRAMS EXTEND TO THE SCHOOLS, LIBRARIES, MUSEUMS, AND HOSPITALS WITH PERFORMANCES AND LECTURE DEMONSTRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Miele Artistic Director | OfficerTrustee | 40 | $46,438 |
Matt Cook President | OfficerTrustee | 2 | $0 |
Curtis Call Treasurer | OfficerTrustee | 2 | $0 |
Zsuzsa Williams Secretary | OfficerTrustee | 2 | $0 |
Judith Kimball Director | Trustee | 1 | $0 |
Peter Hall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,057 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,163 |
| 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 | $24,951 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,032 |
| Payroll taxes | $28,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,865 |
| Advertising and promotion | $32,242 |
| Office expenses | $37,409 |
| Information technology | $1,287 |
| Royalties | $0 |
| Occupancy | $141,133 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,397 |
| Insurance | $4,421 |
| All other expenses | $0 |
| Total functional expenses | $926,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,174 |
| Savings and temporary cash investments | $24,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,650 |
| 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 | $776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $544,680 |
| Investments—program-related | $0 |
| Intangible assets | $14,011 |
| Other assets | $0 |
| Total assets | $2,251,361 |
| Accounts payable and accrued expenses | $168,466 |
| Grants payable | $0 |
| Deferred revenue | $17,720 |
| 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 | $1,582,990 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,950 |
| Total liabilities | $1,936,126 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $315,235 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Maine State Ballet has recieved totaling $22,544.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Ballet, Building Improvement | $9,450 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $8,000 |
Libra Foundation Owen W Wells Trustee Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine State Ballet Falmouth, ME | $2,251,361 | $904,468 |
Robinson Ballet Bangor, ME | $89,641 | $0 |
Bangor Youth Ballet Bangor, ME | $2,754 | $0 |
Safe Haven Ballet Somersworth, NH | $36,920 | $0 |
City Center Ballet Inc Lebanon, NH | $28,033 | $0 |
Ballet Misha Concord, NH | $14,533 | $0 |
Midcoast Youth Theater Brunswick, ME | $21,836 | $0 |