Brooklyn Ballet Inc
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Brooklyn, NY
- Founding
- 06/2002
- Data as of
- 12/2022
- 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 12/2022, Brooklyn Ballet Inc employed 28 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 12/2022, Brooklyn Ballet Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BROOKLYN BALLET IS A NOT-FOR-PROFIT ORGANIZATION, WHOSE MISSION IS TO PROMOTE ARTISTIC EXCELLANCE AND EDUCATION FOR BROOKLYN, NEW YORK'S DIVERSE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOKLYN BALLET'S 20TH ANNIVERSARY TOOK BALLET TO THE STREETS, WITH PERFORMANCES AND ACTIVITIES THAT INCLUDED: CLASSES, STAGE PERFORMANCE, AND HOSTING WORKSHOPS ON THE STREET. ELEVATE IS BACK UP AND RUNNING, PERFORMED AT FIVE PARTNER PUBLIC SCHOOLS. BROOKLYN BALLET HELD A CULTIVATION EVENT "WORDS AND MOVEMENT, WORKING WITH DANCE AND POETRY".
BROOKLYN BALLET'S 20TH ANNIVERSARY TOOK BALLET TO THE STREETS, WITH PERFORMANCES AND ACTIVITIES THAT INCLUDED: CLASSES, STAGE PERFORMANCE, AND HOSTING WORKSHOPS ON THE STREET. ELEVATE IS BACK UP AND RUNNING, PERFORMED AT FIVE PARTNER PUBLIC SCHOOLS. BROOKLYN BALLET HELD A CULTIVATION EVENT "WORDS AND MOVEMENT, WORKING WITH DANCE AND POETRY".
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Parkerson Founding Art | Trustee | 40 | $84,000 |
Brett Caroselli Board Member | Trustee | 10 | $0 |
Christina Chianese Board Member | Trustee | 10 | $0 |
Anne Glusker Board Member | Trustee | 10 | $0 |
Meredith Hunt Board Member | Trustee | 10 | $0 |
Guy Dorsainvil II Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $645,118 |
| Total Program Service Revenue | $647,473 |
| 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 | $1,292,591 |
| 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. | $84,000 |
| Compensation of current officers, directors, key employees. | $12,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,920 |
| Payroll taxes | $33,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,815 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,876 |
| Advertising and promotion | $52,305 |
| Office expenses | $12,067 |
| Information technology | $11,772 |
| Royalties | $0 |
| Occupancy | $68,247 |
| Travel | $3,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,513 |
| All other expenses | $0 |
| Total functional expenses | $1,068,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,851 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $284,044 |
| 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 | $1,082,162 |
| Accounts payable and accrued expenses | $65,100 |
| Grants payable | $0 |
| Deferred revenue | $178,130 |
| 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 | $0 |
| Total liabilities | $393,230 |
| Net assets without donor restrictions | $688,932 |
| 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 | $1,082,162 |