New Orleans Ballet Inc
- Assets
- $1.3m
- Revenue
- $918.3k
- Investments
- $574.8k
- Employees
- 15
- Location
- New Orleans, LA
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 03-0498652
Organization Overview
New Orleans Ballet Inc is located in New Orleans, LA. The organization was established in 2003. 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, New Orleans Ballet Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans 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, New Orleans Ballet Inc generated $918.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $404.5k during the year ending 12/2021. While expenses have increased by 9.2% 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
THE MISSION OF NEW ORLEANS BALLET THEATRE (NOBT) IS TO BE THE PREMIER RESIDENT BALLET COMPANY OF THE GULF SOUTH, INTERNATIONALLY RENOWNED FOR WORLD-CLASS PERFORMANCES, INNOVATIVE CHOREOGRAPHY AND OUTSTANDING PROFESSIONAL TRAINING, ENRICHING OUR COMMUNITY AND EXPANDING ACCESS TO DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION, ORGANIZATION, AND PERFORMANCE OF FOUR SEPARATE BALLETS IN NEW ORLEANS, LOUISIANA FEATURING ORIGINAL CHOREOGRAPHY AND PERFORMANCES BY PROFESSIONAL BALLET DANCERS. CULTURAL ENRICHMENT FOR OVER 7,000 AUDIENCE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Schramel Artistic Director | Trustee | 30 | $46,500 |
Marjorie Schramel Associate Artistic Directo | Trustee | 14 | $27,900 |
Benjamin Allen President | OfficerTrustee | 10 | $0 |
Dan Falstad Treasurer | OfficerTrustee | 10 | $0 |
Kathleen Zuniga Board Member | Trustee | 10 | $0 |
Suzanne Phelps 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 | $420,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,152 |
| Total Program Service Revenue | $432,737 |
| Investment income | $3,339 |
| 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 | $918,258 |
| 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. | $74,400 |
| Compensation of current officers, directors, key employees. | $8,370 |
| Compensation to disqualified persons | $169,913 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,268 |
| Advertising and promotion | $8,875 |
| Office expenses | $5,651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,344 |
| Travel | $82 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $35,931 |
| Total functional expenses | $404,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,138 |
| Accounts receivable, net | $277,330 |
| 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 | $574,821 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,333,668 |
| Accounts payable and accrued expenses | $5,364 |
| 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 | $5,364 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,328,304 |
| 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 | $1,333,668 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Orleans Ballet Inc has recieved totaling $6,156.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: ARTS/CULTURE | $6,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Ballet Foundation Houston, TX | $166,414,247 | $49,258,253 |
Ballet Austin Incorporated Austin, TX | $16,567,497 | $9,559,928 |
Texas Ballet Theater Inc Fort Worth, TX | $14,755,979 | $10,675,442 |
Ballet Lubbock Lubbock, TX | $11,609,353 | $2,793,378 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Lone Star Ballet Inc Amarillo, TX | $2,855,420 | $1,229,506 |
Ballet San Antonio San Antonio, TX | $323,558 | $962,217 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Usa International Ballet Competition Jackson, MS | $1,283,978 | $483,831 |
Chamberlain Ballet Plano, TX | $165,106 | $597,554 |
Midland Festival Ballet Midland, TX | $220,082 | $529,242 |