Ballet Tech Foundation Inc

Organization Overview

Ballet Tech Foundation Inc is located in New York, NY. The organization was established in 1974. 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 06/2022, Ballet Tech Foundation Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Tech Foundation 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 06/2022, Ballet Tech Foundation Inc generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BALLET TECH FOUNDATION, INC. OPERATES A TUITION-FREE DANCE SCHOOL. THE SCHOOL IDENTIFIES TALENTED CHILDREN IN THE NYC PUBLIC SCHOOL SYSTEM AND PROVIDES THEM WITH TUITION-FREE PROFESSIONAL BALLET TRAINING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BALLET TECH FOUNDATION, INC. OPERATES THE BALLET TECH SCHOOL, AND SUPPORTS THE CREATION AND PRESENTATION OF NEW BALLETS. THE ORGANIZATION IS COMMITTED TO INTRODUCING NEW YORK CITY PUBLIC SCHOOL CHILDREN TO THE BEAUTY, INTEGRITY, AND JOY OF DANCE. ANNUALLY, THE ORGANIZATION PROVIDES THE RIGOROUS DANCE TRAINING NECESSARY TO FULFILL AND NURTURE STUDENTS' INTRINSIC DANCE TALENTS, ALL TUITION FREE. DURING THE YEAR ENDED JUNE 30, 2022, BALLET TECH PRESENTED A ONE WEEK SEASON IN THE SPRING OF 2022. THE SEASON - AT THE JOYCE THEATER - WAS ATTENDED BY 1960 PEOPLE. THE SCHOOL AUDITIONED 5,181 STUDENTS, WORKED WITH 32 COOPERATING PUBLIC SCHOOLS THROUGHOUT NEW YORK CITY, AND SELECTED A TOTAL OF 200 STUDENTS. 49 BEGINNERS TOOK INTRODUCTORY BALLET CLASSES FOR 5 WEEKS. 130 STUDENTS IN GRADES 4 THROUGH 8 ATTENDED AN ON-SITE NEW YORK CITY PUBLIC SCHOOL PROGRAM CREATED TO PROVIDE THEM WITH A CHALLENGING ACADEMIC CURRICULUM ALONGSIDE THEIR INTENSIVE DANCE PROGRAM. THE ACADEMIC PROGRAM - WHICH TAKES PLACE AT 890 BROADWAY - IS A COLLABORATION BETWEEN THE ORGANIZATION AND THE NEW YORK CITY DEPARTMENT OF EDUCATION. ANOTHER 11 STUDENTS ATTENDED HIGH SCHOOL AT THE PROFESSIONAL PERFORMING ARTS SCHOOL (PPAS) AND RETURNED TO BALLET TECH IN THE AFTERNOONS FOR DANCE CLASSES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $432,906
All other contributions, gifts, grants, and similar amounts not included above$998,433
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,431,339
Total Program Service Revenue$2,172,444
Investment income $33,433
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,113,833
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 $5,751,049

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Ballet Tech Foundation Inc has recieved totaling $183,838.

Awarding OrganizationAmount
Shubert Foundation Inc

New York, NY

PURPOSE: GENERAL OPERATING

$50,000
Spunk Fund Inc

New York, NY

PURPOSE: PROVIDE SUPPORT FOR DANCE INSTRUCTOR SALARIES AT THE NYC PUBLIC SCHOOL FOR DANCE, INCLUDING GRADES 9-12, DURING THE 2019-2020 ACADEMIC YEAR.

$35,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$25,181
Max & Victoria Dreyfus Foundation

Washington, DC

PURPOSE: NEW YORK CITY PUBLIC SCHOOL FOR DANCE

$20,000
Hyde And Watson Foundation

Warren Township, NJ

PURPOSE: HARD COSTS RELATED TO FACILITY RENOVATIONS AND IMPROVEMENTS.

$15,000
Tiger Baron Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT PURPOSES

$10,000
View Grant Recipient Profile

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