Ballet Theatre Foundation Inc
- Assets
- $74.9m
- Revenue
- $37.4m
- Investments
- $0.0
- Employees
- 734
- Location
- New York, NY
- Founding
- 06/1947
- Data as of
- 12/2022
- EIN
- 13-1882106
Organization Overview
Ballet Theatre Foundation Inc, operating under the name American Ballet Theatre, is located in New York, NY. The organization was established in 1947. 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, American Ballet Theatre employed 734 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Ballet Theatre 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, American Ballet Theatre generated $37.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $46.2m during the year ending 12/2022. 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
THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASONS:IN 2022, ABT PRESENTED 7 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF DON QUIXOTE, OF LOVE AND RAGE, SWAN LAKE, ROMEO AND JULIET, AND MIXED REPERTORY WORKS INCLUDING THEME AND VARIATIONS, ZIG-ZAG, AND SINGLE EYE. ABT PRESENTED FIVE PERFORMANCES OF WHIPPED CREAM AND SIX REPERTORY PROGRAMS FOR TWO WEEKS IN OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.
SEASONS:IN 2022, ABT PRESENTED 7 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF DON QUIXOTE, OF LOVE AND RAGE, SWAN LAKE, ROMEO AND JULIET, AND MIXED REPERTORY WORKS INCLUDING THEME AND VARIATIONS, ZIG-ZAG, AND SINGLE EYE. ABT PRESENTED FIVE PERFORMANCES OF WHIPPED CREAM AND SIX REPERTORY PROGRAMS FOR TWO WEEKS IN OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.
TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2022 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2022 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA, THE MAHALIA JACKSON THEATER IN NEW ORLEANS, LOUSIANA, AND CHRYSLER HALL IN NORFOLK, VIRGINIA.
TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2022 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2022 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA, THE MAHALIA JACKSON THEATER IN NEW ORLEANS, LOUSIANA, AND CHRYSLER HALL IN NORFOLK, VIRGINIA.
EDUCATIONAL TRAINING AND OUTREACH: IN 2022, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 40,000 INDIVIDUALS THROUGH ITS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 20 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (346 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (436 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 167 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2022 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED OVER 3,000 TEACHERS IN 49 STATES AND 46 COUNTRIES.
EDUCATIONAL TRAINING AND OUTREACH: IN 2022, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 40,000 INDIVIDUALS THROUGH ITS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 20 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (346 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (436 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 167 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2022 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED OVER 3,000 TEACHERS IN 49 STATES AND 46 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew F Barth Chairman | OfficerTrustee | 5 | $0 |
Sharon Patrick Vice Chairman | OfficerTrustee | 5 | $0 |
Sarah Arison President | OfficerTrustee | 5 | $0 |
Melissa A Smith Secretary | OfficerTrustee | 5 | $0 |
Stewart Smith Treasurer | OfficerTrustee | 5 | $0 |
Francesca Macartney Beale Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Billups Inc Advertising | 12/30/22 | $1,084,240 |
Royal Opera House Theatrical Productions | 12/30/22 | $442,829 |
Clark Transfer Inc Shipping | 12/30/22 | $414,235 |
Capacity Interactive Consulting Llc Transportation | 12/30/22 | $397,900 |
Underhill Productions Llc Production Service | 12/30/22 | $366,693 |
Billups Inc Advertising | 12/30/22 | $1,084,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,473,092 |
| Related organizations | $0 |
| Government grants | $2,221,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,477,677 |
| Noncash contributions included in lines 1a–1f | $1,290,207 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,171,769 |
| Total Program Service Revenue | $15,528,304 |
| Investment income | $859,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,587 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$188,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$23,149 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,444,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $442,818 |
| Grants and other assistance to Foreign Orgs/Individuals | $95,583 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,551,283 |
| Compensation of current officers, directors, key employees. | $797,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,562,183 |
| Pension plan accruals and contributions | $793,582 |
| Other employee benefits | $4,300,225 |
| Payroll taxes | $1,800,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,008 |
| Fees for services: Accounting | $71,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $373,287 |
| Fees for services: Investment Management | $120,262 |
| Fees for services: Other | $1,824,557 |
| Advertising and promotion | $2,554,503 |
| Office expenses | $208,960 |
| Information technology | $120,896 |
| Royalties | $353,989 |
| Occupancy | $1,439,980 |
| Travel | $1,896,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $378,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,745,824 |
| Insurance | $172,109 |
| All other expenses | $1,381,560 |
| Total functional expenses | $46,227,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,020,775 |
| Savings and temporary cash investments | $108,705 |
| Pledges and grants receivable | $15,410,700 |
| Accounts receivable, net | $935,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,064 |
| Prepaid expenses and deferred charges | $2,246,845 |
| Net Land, buildings, and equipment | $4,624,354 |
| Investments—publicly traded securities | $24,397,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,118,117 |
| Total assets | $74,870,943 |
| Accounts payable and accrued expenses | $3,504,169 |
| Grants payable | $0 |
| Deferred revenue | $1,341,063 |
| 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 | $7,999,084 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,585,800 |
| Total liabilities | $14,430,116 |
| Net assets without donor restrictions | $13,247,451 |
| Net assets with donor restrictions | $47,193,376 |
| 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 | $74,870,943 |