Festival Ballet Providence is located in Providence, RI. The organization was established in 1978. 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 08/2023, Festival Ballet Providence employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Festival Ballet Providence 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 08/2023, Festival Ballet Providence generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.2m during the year ending 08/2023. While expenses have increased by 6.7% 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 THRILL AND MOVE OUR AUDIENCES, DANCERS, CHOREOGRAPHERS, SUPPORTERS AND STAFF WITH ART AND DISCIPLINE. OUR VISION IS TO CONTINUOUSLY INCREASE IN PASSION AND ARTISTIC EXCELLENCE AND STRENGTH, ACHEIVING NATIONAL AND INTERNATIONAL RECOGNITION AS A CREATIVE FORCE IN DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022-2023 SEASON, FESTIVAL BALLET PROVIDENCE PRODUCED A FULL SEASON OF PERFORMANCES AT FOUR VENUES: THE VETS, WOODMAN CENTER, THE UNITED THEATRE IN WESTERLY, AND ITS OWN BLACK BOX THEATER. THE PERFORMANCES MARKED THE COMPANY'S EXPANSION TO A FULL SEASON OF PROGRAMMING SIMILAR IN SCOPE TO PRE-COVID 19 SEASONS. PROGRAMMING RANGED FROM MIXED REPERTORY SHOWS LIKE "OFF THE WALLS", "UP CLOSE ON HOPE", AND "PURE DANCE", WHICH FEATURED A RANGE OF CLASSICAL, NEOCLASSICAL AND CONTEMPORARY WORKS, TO TRADITIONAL OFFERINGS LIKE THE NUTCRACKER AND SLEEPING BEAUTY AWAKENED. THE FORMER RETURNING TO CRITICAL ACCLAIM AND INCREASED NUMBER OF PERFORMANCES FEATURING OVER 100 PERFORMERS AFTER ITS PREMIERE IN 2021, AND THE LATTER PRESENTING A COMPLETELY REIMAGINED AND CONDENSED VERSION OF THE BELOVED CLASSIC PREMIERING IN MARCH 2023. THE COMPANY WAS COMPRISED OF 15 COMPANY DANCERS, 10 APPRENTICES, 10 TRAINEES, AND FOUR ARTISTIC STAFF WHO COLLABORATIVELY REHEARSE AND PERFORM SEPTEMBER THROUGH MAY. IN MAY 2023 FESTIVAL BALLET PROVIDENCE ANNOUNCED AN ORGANIZATION WIDE REBRAND AND NAME CHANGE, USHERING A IN NEW SEASON OF IMPACTFUL ART TO CAP OFF ITS 45TH YEAR . FESTIVAL BALLET PROVIDENCE, NOW DBA BALLET RI, CONTINUED TO EXPAND IN SCOPE AND REACH, CONNECTING WITH GREATER AUDIENCES THROUGHOUT THE STATE OF RHODE ISLAND AND BEYOND.
DURING THE 2022-2023 ACADEMIC YEAR, THE FESTIVAL BALLET PROVIDENCE SCHOOL CONTINUED TO GROW AND EXPAND ITS OPERATIONS, OFFERING A WIDER VARIETY OF CLASSES AND EXPERIENCES. THE SCHOOL CONTINUED ITS WORK THROUGH THE ALL COURSE NETWORK AS AN ACCREDITED SCHOOL OF THE RI DEPT OF EDUCATION, ALLOWING FOR DANCE STUDENTS TO RECEIVE SUBSIDIZED TUITION SUPPORT. THE SCHOOL EXPANDED ITS ADVANCED TRAINING PROGRAM AND ADDED RESUME BUILDING AND MENTORSHIP CONNECTIONS FOR STUDENTS WISHING TO EXPLORE A CAREER IN DANCE. STUDENTS OF THE SCHOOL HAD THE OPPORTUNITY TO PARTICIPATE IN COMPETITION ENSEMBLE, NEXTGEN CHOREOGRAPHIC WORKSHOP, AND THE CULMINATION YEAR-END PERFORMANCE. THE SCHOOL'S NEW TRANSFORMATIONAL PROVIDANCE PROGRAM, WHICH COMMENCED IN OCTOBER 2021, BEGAN IT'S SECOND YEAR OF PROGRAMMING AND EXPANDED TO MULTIPLE SCHOOLS IN RI. THE PROGRAM WAS A GREAT SUCCESS, OFFERING OUT-OF-SCHOOL TIME LEARNING ACROSS FOUR PUBLIC SCHOOLS IN PROVIDENCE AND PAWTUCKET, WITH ADDITIONAL WEEKLY CLASSES HELD AT FESTIVAL BALLET PROVIDENCE STUDIOS. THESE ADVANCING STUDENTS WERE PROVIDED WITH TRANSPORTATION, TUITION SUPPORT, AND SUPPLIES AND MATERIALS NECESSARY TO CONTINUE THEIR DANCE EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laurine Ryan-Perry President | OfficerTrustee | 2 | $0 |
Erica Guatieri Director | Trustee | 1 | $0 |
Linda Mcgoldrick Secretary | OfficerTrustee | 5 | $0 |
Gail Higgins Fogarty Director | Trustee | 1 | $0 |
Colleen Cavanaugh Director | Trustee | 1 | $0 |
Councilman John Goncalves Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $38,619 |
All other contributions, gifts, grants, and similar amounts not included above | $370,853 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $409,472 |
Total Program Service Revenue | $1,583,093 |
Investment income | $8,155 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,074 |
Net Gain/Loss on Asset Sales | $154 |
Net Income from Fundraising Events | $22,322 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $94,647 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,175,508 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $973,975 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $33,987 |
Payroll taxes | $120,190 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,851 |
Fees for services: Accounting | $45,426 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,591 |
Fees for services: Other | $12,160 |
Advertising and promotion | $144,818 |
Office expenses | $12,911 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $13,777 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $20,649 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $105,172 |
Insurance | $26,849 |
All other expenses | $99,072 |
Total functional expenses | $2,219,519 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $568,713 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,157 |
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 | $47,919 |
Net Land, buildings, and equipment | $597,243 |
Investments—publicly traded securities | $391,428 |
Investments—other securities | $10,263 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,263 |
Total assets | $1,637,986 |
Accounts payable and accrued expenses | $50,771 |
Grants payable | $0 |
Deferred revenue | $116,633 |
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 | $465,484 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,263 |
Total liabilities | $643,151 |
Net assets without donor restrictions | $872,175 |
Net assets with donor restrictions | $122,660 |
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 | $1,637,986 |