Atlantic City Ballet
- Assets
- $48.5k
- Revenue
- $288.5k
- Investments
- $0.0
- Employees
- 31
- Location
- Atlantic City, NJ
- Founding
- 07/1983
- Data as of
- 06/2023
- EIN
- 22-2411345
Organization Overview
Atlantic City Ballet is located in Atlantic City, NJ. The organization was established in 1983. 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 06/2023, Atlantic City Ballet employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic City Ballet 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 06/2023, Atlantic City Ballet generated $288.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $311.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ARTS BALLET. PROFESSIONAL PERFORMANCES, COMMUNITY OUTREACH AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ARTS BALLET AND CULTURAL PERFORMANCES AND TRAINEE PROGRAM. HELP MULTIPLE BALLET EVENTS IN THE ATLANTIC CITY AND SURROUNDING REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Basile Trustee | Trustee | 0.5 | $0 |
Claire Collins Secretary | OfficerTrustee | 0.5 | $0 |
Gail Duffy Trustee | Trustee | 0.5 | $0 |
Barbara Gomes V. President | OfficerTrustee | 0.5 | $0 |
Steve Huber Trustee | Trustee | 0.5 | $0 |
Sandy Kahn Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,592 |
| Related organizations | $0 |
| Government grants | $46,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,881 |
| Total Program Service Revenue | $99,839 |
| Investment income | $4 |
| 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 | $288,524 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,188 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,600 |
| Fees for services: Accounting | $4,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,498 |
| Information technology | $38 |
| Royalties | $0 |
| Occupancy | $41,546 |
| Travel | $9,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,436 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437 |
| Insurance | $6,848 |
| All other expenses | $595 |
| Total functional expenses | $311,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486 |
| Savings and temporary cash investments | $30,096 |
| Pledges and grants receivable | $11,700 |
| 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 | $400 |
| Net Land, buildings, and equipment | $2,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $48,524 |
| Accounts payable and accrued expenses | $60,540 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $0 |
| Total liabilities | $80,540 |
| Net assets without donor restrictions | -$32,016 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $48,524 |