Mystic Ballet Inc

Organization Overview

Mystic Ballet Inc is located in Stonington, CT. The organization was established in 2000. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mystic 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, Mystic Ballet Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 3.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION FOR A LEGACY, TO MAKE DANCE ACCESSIBLE TO THE WIDEST POSSIBLE PUBLIC THROUGH TOURING, EDUCATIONAL PROGRAMS, THE CREATIVE USE OF MEDIA, AND OTHER OUTREACH EFFORTS, AND BY DOING SO EXPAND THE COMPANY'S AUDIENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORLD CLASS CLASSICAL AND CONTEMPORARY PERFORMANCES, PROMOTING OUTSTANDING CREATIVITY AND ARTISTIC EXCELLENCE. INCREASING UNDERSTANDING OF THE CULTURAL AND SOCIAL IMPORTANCE OF THE ARTS AND MAXIMIZING ARTS DEVELOPMENT OPPORTUNITIES AND INNOVATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Goran M Subotic
President
$0
Aleksander Subotic
Secretary/tr
$0
Edward Fedorshak
Director
$0
Richard S Cody ESQ
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $348,451
All other contributions, gifts, grants, and similar amounts not included above$666,786
Noncash contributions included in lines 1a–1f $662,000
Total Revenue from Contributions, Gifts, Grants & Similar$1,015,237
Total Program Service Revenue$427,008
Investment income $73,761
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 $1,516,006

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