Miami Youth Ballet Inc
- Assets
- $125.8k
- Revenue
- $364.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Miami, FL
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-4885804
Organization Overview
Miami Youth Ballet Inc is located in Miami, FL. The organization was established in 2006. 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, Miami Youth Ballet Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Youth 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 12/2021, Miami Youth Ballet Inc generated $364.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $336.5k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 DEVELOPMENT OF YOUTH BALLET SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIAMI YOUTH BALLET SCHOOL - TO INSTILL DISCIPLINE OF THE BODY AND MIND, TO STRIVE FOR PERSEVERANCE, AND TO LEARN TO LOVE, RESPECT AND ENJOY DANCE AS AN ART FORM, WHETHER OR NOT A CAREER IS CHOSEN.OUR SCHOOL IS STAFFED BY PROFESSIONAL TEACHERS WITH YEARS OF EXPERIENCE. WE ARE COMMITTED TO PRESENTING AND PARTICIPATING IN VARIOUS YOUTH-ORIENTED PRODUCTIONS AS WELL AS AN INTENSIVE SUMMER PROGRAM AND REGULAR ALL YEAR ROUND CLASSES.
THE NUTCRACKER - DEC. 4-5, 2021. 2 PERFORMANCES AT THE SOUTH MIAMI DADE CULTURAL ARTS CENTER - CAST OF OVER 100 PERFORMERSTHREE MONTH FREE EXPERT TRAINING AND COACHING FOR PARTICIPATING STUDENTS.
CARNIVAL OF THE ANIMALS - MAY 2, 2021. VIRTUAL PRESENTATION - UNABLE TO BE AT THE THEATRE DUE TO COVID-19.THIS SHOW WAS STAGED AY MYB STUDIOS, FILMED AND LIVESTREAMED TO OUR SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yanis Pikieris President | OfficerTrustee | 40 | $41,916 |
Marielena Mencia Vice President | OfficerTrustee | 50 | $41,416 |
Sally A Isaacks Secretary | OfficerTrustee | 4 | $0 |
Carol Christensen Treasurer | OfficerTrustee | 2 | $0 |
George Mattox Board Member | Trustee | 1 | $0 |
David Palmer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,772 |
| Total Program Service Revenue | $264,774 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $364,546 |
| 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. | $83,332 |
| Compensation of current officers, directors, key employees. | $41,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $993 |
| Office expenses | $6,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,149 |
| Travel | $9,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,050 |
| Insurance | $3,569 |
| All other expenses | $0 |
| Total functional expenses | $336,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,000 |
| Other assets | $0 |
| Total assets | $125,816 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $17,580 |
| Other liabilities | $0 |
| Total liabilities | $17,580 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $108,236 |
| Total liabilities and net assets/fund balances | $125,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miami Youth Ballet Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami City Ballet Inc Miami Beach, FL | $20,106,864 | $19,857,804 |
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Sarasota Ballet Of Florida Inc Sarasota, FL | $13,132,949 | $10,013,391 |
Orlando Ballet Inc Orlando, FL | $16,727,544 | $8,811,426 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Thomas Armour Youth Ballet Inc South Miami, FL | $1,962,067 | $2,525,155 |
Northwest Florida Ballet Inc Fort Walton Beach, FL | $1,697,627 | $1,107,429 |
Boca Ballet Theatre Company Boca Raton, FL | $998,932 | $1,075,086 |
The Tallahassee Ballet Inc Tallahassee, FL | $852,817 | $1,030,970 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |
Florida Ballet At Jacksonville Inc Jacksonville, FL | $1,731,842 | $944,196 |
Childrens Dance Foundation Birmingham, AL | $1,505,653 | $943,891 |