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.
Form
990T
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Katherine Brown Executive Director | Officer | 40 | $548,704 |
Jonathan M Stafford Artistic Director | Officer | 40 | $350,446 |
Wendy M Whelan Associate Artistic Dir | Officer | 40 | $319,596 |
Justin Peck Artistic Advisor/choreography | 40 | $315,225 | |
Brooks Parsons Sr. Director Of Operations | Officer | 40 | $283,668 |
Farang Azari Chief Financial Officer | Officer | 40 | $279,329 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Peter Martins Production Inc Choreographer, Etc. | 6/29/21 | $624,000 |
Proskauer Rose Llp Legal | 6/29/21 | $260,517 |
The Robbins Rights Trust Royalties | 6/29/21 | $262,500 |
Art Partner Production Llc Photoghaphy/video Production | 6/29/21 | $229,177 |
The George Balanchine Trust Royalties | 6/29/21 | $202,844 |
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 |
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. | $1,701,617 |
Compensation of current officers, directors, key employees. | $702,219 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $15,984,395 |
Pension plan accruals and contributions | $1,097,254 |
Other employee benefits | $4,820,712 |
Payroll taxes | $1,823,818 |
Fees for services: Management | $0 |
Fees for services: Legal | $285,743 |
Fees for services: Accounting | $111,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $4,835 |
Fees for services: Investment Management | $710,780 |
Fees for services: Other | $535,382 |
Advertising and promotion | $784,082 |
Office expenses | $436,267 |
Information technology | $324,601 |
Royalties | $416,994 |
Occupancy | $4,326,906 |
Travel | $44,753 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $131 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,722,882 |
Insurance | $1,005,189 |
All other expenses | $0 |
Total functional expenses | $40,566,455 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,420,569 |
Savings and temporary cash investments | $35,689,877 |
Pledges and grants receivable | $6,030,761 |
Accounts receivable, net | $646,500 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $990,818 |
Prepaid expenses and deferred charges | $1,034,481 |
Net Land, buildings, and equipment | $65,474,390 |
Investments—publicly traded securities | $55,431,061 |
Investments—other securities | $184,335,661 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $352,054,118 |
Accounts payable and accrued expenses | $9,409,509 |
Grants payable | $0 |
Deferred revenue | $5,821,041 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,972,892 |
Total liabilities | $26,203,442 |
Net assets without donor restrictions | $104,975,292 |
Net assets with donor restrictions | $220,875,384 |
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 | $352,054,118 |
Over the last fiscal year, New York City Ballet Inc has awarded $27,433 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
New York, NY | | $12,500 |
Eugene, OR PURPOSE: NEW CHOREOGRAPHY | $7,972 |
Boston, MA PURPOSE: NEW CHOREOGRAPHY | $6,961 |
Over the last fiscal year, we have identified 7 grants that New York City Ballet Inc has recieved totaling $102,600.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $214,442,196 |
Earnings | $55,758,732 |
Net Contributions | $4,131,627 |
Other Expense | $10,898,000 |
Ending Balance | $263,434,555 |
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 |