Boston Ballet Inc is located in Boston, MA. The organization was established in 1964. 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 06/2022, Boston Ballet Inc employed 511 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston 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 06/2021, Boston Ballet Inc generated $26.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $18.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING NEW LEVELS OF EXCELLENCE TO BALLET - BOTH ON AND OFF STAGE - THROUGH A PROCESS THAT IS INCLUSIVE IN SCOPE, EDUCATIONAL, AND CREATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET PROGRAMS: LED BY ARTISTIC DIRECTOR, MIKKO NISSINEN, THE BOSTON BALLET MAINTAINS A DIVERSE REPERTOIRE, RANGING FROM FULL-LENGTH BALLETS TO NEW WORKS BY SOME OF TODAY'S FINEST CHOREOGRAPHERS. THE COMPANY TYPICALLY GIVES OVER 100 PERFORMANCES AT THE CITIZENS BANK OPERA HOUSE IN BOSTON, MA DURING ITS EIGHT-MONTH SEASON THAT ENDS IN MAY OF EACH YEAR. MEASURES THAT BEGAN AT THE ONSET OF THE COVID-19 PANDEMIC TO MANAGE OPERATING EXPENSES AND RAISE EXTRAORDINARY CRISIS-RELIEF RESOURCES CONTINUED THROUGHOUT THIS SEASON, ENABLING THE BALLET TO STABILIZE FINANCIALLY AND BUILD UP CASH RESERVES TO FUND AN EXPECTED MULTI-YEAR RECOVERY EFFORT. OF NOTE, THE BALLET RECEIVED FUNDING THROUGH SEVERAL FEDERAL ASSISTANCE PROGRAMS. THE 2021-2022 SEASON INCLUDED THE RETURN TO LIVE PERFORMANCE FOR THE FIRST TIME SINCE THE START OF THE PANDEMIC, WITH A REDUCED SCHEDULE OF 76 OPERA HOUSE PERFORMANCES COMPARED TO THE TYPICAL 100.
BOSTON BALLET SCHOOL (BBS): PROVIDES A COMPREHENSIVE DANCE EDUCATION WITH THE GOAL OF INSPIRING, NURTURING AND SUSTAINING A LIFE-LONG LOVE OF DANCE IN EVERY STUDENT. BBS OPERATES TWO STATE-OF-ART DANCE FACILITIES AT BOSTON BALLET'S HEADQUARTERS IN THE SOUTH END OF BOSTON AND IN THE METRO-WEST TOWN OF NEWTON. SEVERAL PROGRAMS ARE OFFERED TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS OF ALL AGES AND CAPABILITIES. THE CLASSICAL BALLET PROGRAM FOLLOWS A CAREFULLY DESIGNED CURRICULUM WITH NINE LEVELS OF STUDY. IT ALSO HAS A SUPPLEMENTAL SUMMER DANCE WORKSHOP AND MASTER CLASS SERIES EXPOSING STUDENTS TO DIFFERENT DANCE CONCEPTS AND STYLES IN A CREATIVE ENVIRONMENT. THE CHILDREN'S PROGRAM FOR AGES 16 MONTHS TO 7 YEARS INTRODUCES CHILDREN TO THE ART OF DANCE BY PROMOTING THE EXPLORATION OF CREATIVITY AND EXPRESSION THROUGH MOVEMENT. ITS CORRESPONDING SUMMER PROGRAMS, BALLET STORIES AND BALLET JOURNEYS INTRODUCE STUDENTS TO THE WIDER WORLD OF DANCE. THE ADULT DANCE PROGRAM OFFERS A WIDE RANGE OF DANCE CLASSES AND WORKSHOPS TO STUDENTS OF ALL ABILITIES AND EXPERIENCE LEVELS. THE BBS PROFESSIONAL DIVISION AT WALNUT HILL SCHOOL FOR THE ARTS IS AN AUDITION-ONLY AND HIGHLY COMPETITIVE PROGRAM THAT PROVIDES A RIGOROUS TRAINING PROGRAM PREPARING STUDENTS FOR A PROFESSIONAL CAREER WITH THE BOSTON BALLET, AND IN THE BALLET INDUSTRY. THE SUMMER DANCE PROGRAM IS A 5-WEEK SUMMER INTENSIVE TRAINING OPPORTUNITY FOR STUDENTS GLOBALLY, WITH ACCEPTANCE TO THE PROGRAM BY AUDITION-ONLY.
DIVISION FOR EDUCATION AND COMMUNITY INITIATIVES (ECI): REACHES STUDENTS THROUGHOUT THE GREATER BOSTON AREA THROUGH SEVERAL PILLAR PROGRAMS. CITYDANCE, ESTABLISHED IN 1991, PROVIDES THIRD GRADE STUDENTS FROM OVER 130 BOSTON PUBLIC SCHOOL CLASSROOMS WITH A TUITION-FREE INTRODUCTION TO DANCE EDUCATION. ECI ON LOCATION, INCLUSIVE OF TAKING STEPS AND BOYS IN MOTION, SERVES STUDENTS FROM 4TH GRADE TO 8TH GRADE, OFFERING YEAR-LONG DANCE EDUCATION IN SCHOOLS AND COMMUNITY SITES. ADAPTIVE DANCE, ESTABLISHED IN 2002, PROVIDES CREATIVE MOVEMENT INSTRUCTION TO INDIVIDUALS WITH DISABILITIES. TRAINING WORKSHOPS ARE DELIVERED BY ECI INSTRUCTORS TO ORGANIZATIONS LOCALLY AND NATIONWIDE, ESTABLISHING BOSTON BALLET AS A THOUGHT-LEADER IN THIS SPACE. ECI ALSO ENGAGES PARTICIPANTS BEYOND PROGRAMMING BY PROVIDING SPECIAL OPPORTUNITIES SUCH AS ATTENDING BOSTON BALLET PERFORMANCES AND SPECIAL EVENTS/ACTIVITIES, MENTORING AND TEACHING, AND PERFORMING IN SHOWCASES OR COMMUNITY PERFORMANCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Meredith L Hodges Executive Director | Officer | 40 | $690,425 |
Mikko P Nissinen Artistic Director | Officer | 40 | $626,737 |
Deborah Moe Chief Marketing Officer | 40 | $200,305 | |
Russell Kaiser Assistant Artistic Director | 40 | $145,250 | |
Michael Santora Music Director | 40 | $140,623 | |
Ming Min Hui Chief Financial Officer & Treasurer | Officer | 40 | $134,523 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Newton Technology Park Occupancy | 6/29/22 | $1,110,673 |
372 Merrimac Street Llc Occupancy | 6/29/22 | $425,193 |
Ernesto Galan Videography | 6/29/22 | $131,976 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $17,243,055 |
Investment income | $494,322 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $880,164 |
Net Income from Fundraising Events | -$76,257 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,263 |
Miscellaneous Revenue | $0 |
Total Revenue | $26,750,107 |
Statement of Expenses | |
---|---|
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. | $1,020,770 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,163,633 |
Pension plan accruals and contributions | $200,472 |
Other employee benefits | $1,193,706 |
Payroll taxes | $965,535 |
Fees for services: Management | $0 |
Fees for services: Legal | $42,642 |
Fees for services: Accounting | $60,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $458,979 |
Advertising and promotion | $380,766 |
Office expenses | $63,332 |
Information technology | $457,122 |
Royalties | $23,535 |
Occupancy | $2,000,621 |
Travel | $82,019 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,996 |
Interest | $58,500 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,508,468 |
Insurance | $184,034 |
All other expenses | $0 |
Total functional expenses | $18,629,482 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,331,094 |
Savings and temporary cash investments | $1,897,366 |
Pledges and grants receivable | $8,241,350 |
Accounts receivable, net | $808,724 |
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 | $845,170 |
Investments—publicly traded securities | $18,609,517 |
Investments—other securities | $5,324,348 |
Investments—program-related | $361,921 |
Intangible assets | $0 |
Other assets | $588,162 |
Total assets | $56,996,958 |
Accounts payable and accrued expenses | $2,046,286 |
Grants payable | $0 |
Deferred revenue | $5,283,181 |
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 | $2,500,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,378,722 |
Total liabilities | $11,208,189 |
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 | $45,788,769 |
Over the last fiscal year, we have identified 1 grants that Boston Ballet Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Impact First Fund Belmont, MA PURPOSE: OPERATING SUPPORT | $10,000 |
Beg. Balance | $25,493,707 |
Earnings | -$3,255,040 |
Admin Expense | $10,000 |
Net Contributions | $3,100,856 |
Other Expense | $824,905 |
Ending Balance | $24,504,618 |
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 |
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 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
American Friends Of Covent Garden The Royal Opera The Royal Ballet New York, NY | $957,784 | $1,833,201 |
Mystic Ballet Inc Stonington, CT | $1,878,282 | $1,516,006 |
Festival Ballet Providence Providence, RI | $1,446,806 | $2,279,946 |
Eastern Connecticut Ballet Inc East Lyme, CT | $112,495 | $656,869 |
Brooklyn Ballet Inc Brooklyn, NY | $760,063 | $1,225,317 |
Eglevsky Ballet Company Of L I Inc Bethpage, NY | $288,741 | $559,518 |