New York City Ballet Inc

Organization Overview

New York City Ballet Inc is located in New York, NY. The organization was established in 1978. 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 06/2021, New York City Ballet Inc employed 1,059 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York City 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 06/2021, New York City Ballet Inc generated $35.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $40.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PERFORM, PROMOTE AND SUSTAIN CLASSICAL BALLET.

Describe the Organization's Program Activity:

PRODUCTIONS AND PERFORMANCES: SEE SCHEDULE O.


ANNUAL SUMMER RESIDENCY.


BALLET EDUCATION: SEE SCHEDULE O.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Peter Martins Production Inc
Choreographer, Etc.
$624,000
Proskauer Rose Llp
Legal
$260,517
The Robbins Rights Trust
Royalties
$262,500
Art Partner Production Llc
Photoghaphy/video Production
$229,177
The George Balanchine Trust
Royalties
$202,844
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$4,174,653
Related organizations$0
Government grants $1,939,905
All other contributions, gifts, grants, and similar amounts not included above$19,010,042
Noncash contributions included in lines 1a–1f $1,558,211
Total Revenue from Contributions, Gifts, Grants & Similar$25,124,600
Total Program Service Revenue$2,588,971
Investment income $1,178,785
Tax Exempt Bond Proceeds $0
Royalties $77,542
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,047,194
Net Income from Fundraising Events -$16,224
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $35,122,869

Grants Awarded

Over the last fiscal year, New York City Ballet Inc has awarded $27,433 in support to 3 organizations.

Grant RecipientAmount

WOMEN IN NEED INC

Org PageRecipient Profile

New York, NY

|

$12,500

Eugene, OR

PURPOSE: NEW CHOREOGRAPHY

$7,972

Boston, MA

PURPOSE: NEW CHOREOGRAPHY

$6,961
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that New York City Ballet Inc has recieved totaling $102,600.

Awarding OrganizationAmount
The Mcgue Millhiser Family Trust

Richmond, VA

PURPOSE: CULTURAL ARTS

$25,000
Deeds Foundation

New York, NY

PURPOSE: NEW COMBINATIONS FUND

$25,000
The India Blake Foundation Inc

Key West, FL

PURPOSE: UNRESTRICTED

$21,500
Alex J Ettl Foundation

Malibu, CA

PURPOSE: SUPPORT

$18,000
Sheila Broderick Foundation

Edison, NJ

PURPOSE: ARTS

$10,500
Melik-Baschkopf Foundation

Hillsdale, NJ

PURPOSE: GENERAL FUND

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$214,442,196
Earnings$55,758,732
Net Contributions$4,131,627
Other Expense$10,898,000
Ending Balance$263,434,555

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