New Haven Ballet Inc
- Assets
- $745.9k
- Revenue
- $663.4k
- Investments
- $0.0
- Employees
- 21
- Location
- New Haven, CT
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 06-1144367
Organization Overview
New Haven Ballet Inc is located in New Haven, CT. The organization was established in 1987. 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 06/2021, New Haven Ballet Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven 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, New Haven Ballet Inc generated $663.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $462.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 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
NEW HAVEN BALLET WAS CREATED TO DEMONSTRATE AND USE THE POWER OF DANCE TO CHANGE LIVES THROUGH EDUCATION, PERFORMANCE, PHYSICAL EXERCISE, ARTISTIC ASPIRATION, PERSONAL DEVELOPMENT AND SOCIAL INTERACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FYE 2021 NEW HAVEN BALLET PROVIDED TRAINING TO MORE THAN 200 STUDENTS. AN AUDITION ONLY COMPANY OF STUDENTS PERFORMED IN STUDIO IN DECEMBER DUE TO THE PANDEMIC. ALL STUDENTS PERFORMED IN ORIGINAL CHOREOGRAPHED PIECES IN THE STUDIO WITH THE COMPANY IN THE SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Sanborn Artistic Director | Officer | 40 | $70,601 |
Paula Armbruster Vice President | OfficerTrustee | 2 | $0 |
John Newman Treasurer | OfficerTrustee | 2 | $0 |
Megan Murphy President | OfficerTrustee | 2 | $0 |
Leonard Rodriguez Board Member | Trustee | 2 | $0 |
Courtney Mccarthy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,024 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,004 |
| Total Program Service Revenue | $332,909 |
| Investment income | $580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,418 |
| 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. | $192,845 |
| Compensation of current officers, directors, key employees. | $52,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,905 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $7,184 |
| Office expenses | $31,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,665 |
| Travel | $0 |
| 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 | $4,923 |
| Insurance | $8,291 |
| All other expenses | $7,648 |
| Total functional expenses | $462,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,102 |
| Savings and temporary cash investments | $541,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,367 |
| 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 | $6,442 |
| Net Land, buildings, and equipment | $19,176 |
| Investments—publicly traded securities | $12,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,225 |
| Total assets | $745,865 |
| Accounts payable and accrued expenses | $28,162 |
| Grants payable | $0 |
| Deferred revenue | $26,616 |
| 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 | $134,620 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $189,398 |
| Net assets without donor restrictions | $556,467 |
| 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 | $745,865 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Haven Ballet Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ethel & Abe Lapides Foundation Inc New Haven, CT PURPOSE: EDUCATIONAL PROGRAM SUPPORT FOR DISABLED AND UNDERSERVED | $1,000 |
Peer Organizations
| 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 |