Balletrox Inc
- Assets
- $158.6k
- Revenue
- $334.1k
- Investments
- $0.0
- Employees
- 24
- Location
- Jamaica Plain, MA
- Founding
- 01/1992
- Data as of
- 06/2023
- EIN
- 04-3140205
Organization Overview
Balletrox Inc is located in Jamaica Plain, MA. The organization was established in 1992. 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 06/2023, Balletrox Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balletrox 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 06/2023, Balletrox Inc generated $334.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $366.0k during the year ending 06/2023. While expenses have increased by 8.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EXPOSE BOSTON YOUTH TO DANCE AND OPPORTUNITIES FOR MASTERY AND PERFORMANCE, TO WHICH THEY WOULD NOT OTHERWISE HAVE ACCESS, GIVING THEM DISCIPLINE AND A SUPPORTIVE COMMUNITY TO SUCCEED IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO DESERVING INNER CITY CHILDREN AND IN-SCHOOL AND AFTERSCHOOL DANCE INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Manousos Former President | OfficerTrustee | 2 | $0 |
Morgan Keith Treasurer | OfficerTrustee | 2 | $0 |
Monique Veale Board Vice President | OfficerTrustee | 2 | $0 |
Magalie Neff Clerk | OfficerTrustee | 2 | $0 |
Jane Allard Board President | OfficerTrustee | 2 | $0 |
Julia Worden Assistant Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $122,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,957 |
| Total Program Service Revenue | $70,027 |
| Investment income | $7 |
| 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 | $334,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,640 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,168 |
| Compensation of current officers, directors, key employees. | $3,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,117 |
| Pension plan accruals and contributions | $7,681 |
| Other employee benefits | $6,693 |
| Payroll taxes | $25,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,564 |
| Advertising and promotion | $0 |
| Office expenses | $4,716 |
| Information technology | $2,782 |
| Royalties | $0 |
| Occupancy | $14,451 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,899 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $820 |
| All other expenses | $80 |
| Total functional expenses | $366,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,726 |
| Savings and temporary cash investments | $36,310 |
| Pledges and grants receivable | $56,500 |
| Accounts receivable, net | $8,085 |
| 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 | $0 |
| Total assets | $158,621 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $102,121 |
| Net assets with donor restrictions | $56,500 |
| 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 | $158,621 |