Ballet Theatre Foundation Inc
- Assets
- $91.4m
- Revenue
- $56.2m
- Investments
- $0.0
- Employees
- 566
- Location
- New York, NY
- Founding
- 06/1947
- Data as of
- 12/2021
- 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 12/2021, American Ballet Theatre employed 566 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 12/2021, American Ballet Theatre generated $56.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $29.5m during the year ending 12/2021. 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
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 2021, ABT PRESENTED 2 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. ABT PRESENTED SIX PERFORMANCES OF GISELLE AND SEVEN 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. THE 2021 SPRING METROPOLITAN OPERA HOUSE SEASON WAS ORIGINALLY SCHEDULED FOR FIVE WEEKS BUT WAS CANCELED DUE TO THE GLOBAL COVID-19 PANDEMIC.
TOURING: ABT'S TOURING IN 2021 INCLUDED ABT ACROSS AMERICA BY TAKING TO THE ROAD DURING THE SUMMER OF 2021 AND TRAVELING BY BUS AND TRUCK TO PERFORM IN EIGHT U.S. CITIES. ADDITIONALLY, ABT ALSO HAD SEVERAL OTHER PERFORMANCES AND POD EVENTS TO CONTINUE ITS MISSION TO BRING CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD DURING THE COVID-19 PANDEMIC. ABT WILL CONTINUE ITS TOURING DOMESTICALLY AROUND THE NATION IN 2022, INCLUDING AT REGULAR RESIDENCIES AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC AND THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.
EDUCATIONAL TRAINING AND OUTREACH: IN 2021, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 100,000 INDIVIDUALS THROUGH SYNCHRONOUS AND ASYNCHRONOUS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 10 NYC SCHOOLS ENGAGING OVER 1,400 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (230 STUDENTS); SUMMER INTENSIVES HELD VIRTUALLY (2,200 ENROLLMENTS) AND ABT STUDIO COMPANY (12 STUDENTS AND 6 APPRENTICES), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 320 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2021 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED 2,800 TEACHERS IN 49 STATES AND 46 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Mckenzie Artistic Director | OfficerTrustee | 40 | $463,576 |
Kara M Barnett Executive Director(to Dec. 2021) | OfficerTrustee | 40 | $355,403 |
David Lansky General Manager | 40 | $218,866 | |
Shawn Davidson Chief Financial Officer | Officer | 40 | $215,524 |
Kyle Ridaught Director Of Capital Projects | 40 | $199,235 | |
Georgia Siampalioti Chief Advancement Officer(to 9/2021) | Officer | 40 | $186,108 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ratmansky Dance Productions Inc Choreography | 12/30/21 | $164,500 |
Young Men's And Young Women's Hebrew Ass Education Housing | 12/30/21 | $138,150 |
Silverback Productions Llc Theatrical Productions | 12/30/21 | $517,769 |
Pioneer Coach Inc Transportation | 12/30/21 | $192,925 |
Sd & A Teleservices Inc Telefundraising | 12/30/21 | $166,137 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,467,269 |
| Related organizations | $0 |
| Government grants | $15,864,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,900,447 |
| Noncash contributions included in lines 1a–1f | $818,137 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,231,788 |
| Total Program Service Revenue | $8,482,351 |
| Investment income | $843,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $557,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,242,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $402,470 |
| Grants and other assistance to Foreign Orgs/Individuals | $107,353 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,320,312 |
| Compensation of current officers, directors, key employees. | $645,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,329,995 |
| Pension plan accruals and contributions | $183,862 |
| Other employee benefits | $3,726,917 |
| Payroll taxes | $1,299,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,607 |
| Fees for services: Accounting | $55,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $239,846 |
| Fees for services: Investment Management | $135,815 |
| Fees for services: Other | $1,332,925 |
| Advertising and promotion | $719,667 |
| Office expenses | $217,622 |
| Information technology | $102,983 |
| Royalties | $126,291 |
| Occupancy | $1,162,067 |
| Travel | $1,473,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $274,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,995,483 |
| Insurance | $165,707 |
| All other expenses | $543,708 |
| Total functional expenses | $29,492,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,611,791 |
| Savings and temporary cash investments | $123,374 |
| Pledges and grants receivable | $15,084,054 |
| Accounts receivable, net | $676,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,813 |
| Prepaid expenses and deferred charges | $1,860,816 |
| Net Land, buildings, and equipment | $5,288,141 |
| Investments—publicly traded securities | $30,666,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,003,577 |
| Total assets | $91,391,905 |
| Accounts payable and accrued expenses | $4,353,533 |
| Grants payable | $0 |
| Deferred revenue | $1,237,508 |
| 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 | $7,988,093 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $15,579,134 |
| Net assets without donor restrictions | $17,198,752 |
| Net assets with donor restrictions | $58,614,019 |
| 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 | $91,391,905 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ballet Theatre Foundation Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
The John Treacy And Darcy F Beyer Foundation Inc Old Greenwich, CT PURPOSE: GENERAL SUPPORT | $12,500 |
Tella Sakamoto Foundation Palo Alto, CA PURPOSE: GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $26,365,262 |
| Earnings | $3,937,345 |
| Admin Expense | $135,815 |
| Net Contributions | $700,000 |
| Ending Balance | $30,866,792 |
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 |
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
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 |
Princeton Ballet Society New Brunswick, NJ | $2,389,360 | $4,682,315 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
New Jersey Ballet Company Inc Florham Park, NJ | $1,730,612 | $1,894,921 |
American Friends Of Covent Garden The Royal Opera The Royal Ballet New York, NY | $957,784 | $1,833,201 |