Brooklyn Ballet Inc
- Assets
- $760.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Brooklyn, NY
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 02-0569320
Organization Overview
Brooklyn Ballet Inc is located in Brooklyn, NY. The organization was established in 2002. 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 12/2021, Brooklyn Ballet Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Ballet Inc 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 12/2021, Brooklyn Ballet Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $683.5k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BROOKLYN BALLET IS A NOT FOR PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE ARTISTIC EXCELLENCE AND EDUCATION FOR BROOKLYNS DIVERSE COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOKLYN BALLET, INC. PERFORMED ELEVATE DANCE RESIDENCY PROGRAM TO PUBLIC SCHOOLS IN NEW YORK CITY. PRESENTED REVISIONIST HISTORY WITH NEW AND HISTORIC REPERTOIRE PERFORMED BY PROFESSIONAL DANCERS AND LIVE MUSCIANS AT THE MARK ODONNELL THEATER AND ACTORS FUND ART CENTER. .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diarra K Lamar MD Chairman | OfficerTrustee | 10 | $0 |
Lynn Parkerson Founding Artistic Director | OfficerTrustee | 40 | $0 |
Guy Dorsainvil II Treasurer | OfficerTrustee | 10 | $0 |
Allen Kraus Board Member | Trustee | 10 | $0 |
Anne Glusker Board Member | Trustee | 10 | $0 |
Julianne Mcgee Board Member | Trustee | 10 | $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 | $771,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,036 |
| Total Program Service Revenue | $454,281 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,225,317 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,693 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,847 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,252 |
| Travel | $345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,305 |
| All other expenses | $6,870 |
| Total functional expenses | $683,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,267 |
| Total assets | $760,063 |
| Accounts payable and accrued expenses | $66,770 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,547 |
| Total liabilities | $295,317 |
| Net assets without donor restrictions | $464,746 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $760,063 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Brooklyn Ballet Inc has recieved totaling $77,508.
| Awarding Organization | Amount |
|---|---|
Sills Family Foundation Richmond, VT PURPOSE: CHARITABLE GIVING | $20,000 |
Beth C And Henry E Adams Private Foundation Inc Cornwall On Hudson, NY PURPOSE: COMMUNITY OUTREACH | $20,000 |
Tiger Baron Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT PURPOSES | $10,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: STAFF OR TRUSTEE GRANT - GENERAL OPERATING SUPPORT | $10,000 |
Curtis W Mcgraw Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $7,500 |
Sidley Austin Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York City Ballet Inc New York, NY | $352,054,118 | $35,122,869 |
Ballet Theatre Foundation Inc New York, NY | $91,391,905 | $56,242,034 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Dance Theatre Of Harlem Inc New York, NY | $25,291,917 | $7,150,839 |
Ballet Tech Foundation Inc New York, NY | $31,444,283 | $5,751,049 |
Princeton Ballet Society New Brunswick, NJ | $2,389,360 | $4,682,315 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
New Jersey Ballet Company Inc Florham Park, NJ | $1,730,612 | $1,894,921 |
American Friends Of Covent Garden The Royal Opera The Royal Ballet New York, NY | $957,784 | $1,833,201 |