Brighton Ballet Theater Co Inc
- Assets
- $167.2k
- Revenue
- $490.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 11-3195590
Organization Overview
Brighton Ballet Theater Co Inc is located in Brooklyn, NY. The organization was established in 1995. 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 12/2022, Brighton Ballet Theater Co Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighton Ballet Theater Co 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 12/2022, Brighton Ballet Theater Co Inc generated $490.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $530.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S BALLET
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PREPARED THEIR STUDENTS FOR BALLET PERFORMANCES GIVEN DURING THE YEAR. THE STUDENTS ACHIEVED ARTISTIC, INTELLECTUAL & PHYSICAL TRAINING & DEVELOPMENT OF SOCIAL SKILLS. THE PUBLIC RECEIVED ENTERTAINMENT AND CULTURAL EXCHANGE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $192,778 |
| Fundraising events | $1,172 |
| Related organizations | $0 |
| Government grants | $251,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,500 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,050 |
| Total Program Service Revenue | $4,367 |
| Investment income | $31 |
| 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 | $489,975 |
| 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. | $70,132 |
| Compensation of current officers, directors, key employees. | $7,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96 |
| Fees for services: Accounting | $20,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,390 |
| Advertising and promotion | $4,681 |
| Office expenses | $166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,264 |
| Insurance | $0 |
| All other expenses | $225,154 |
| Total functional expenses | $530,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $105,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,750 |
| Total assets | $167,163 |
| Accounts payable and accrued expenses | $22,682 |
| 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 | $5,002 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $94,900 |
| Other liabilities | $0 |
| Total liabilities | $122,584 |
| Net assets without donor restrictions | $44,579 |
| 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 | $167,163 |