Ballet Oklahoma Inc
- Assets
- $11.7m
- Revenue
- $5.2m
- Investments
- $492.2k
- Employees
- 66
- Location
- Oklahoma City, OK
- Founding
- 01/1969
- Data as of
- 06/2023
- EIN
- 23-7003520
Organization Overview
Ballet Oklahoma Inc, operating under the name Oklahoma City Ballet, is located in Oklahoma City, OK. The organization was established in 1969. 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, Oklahoma City Ballet employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma 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, Oklahoma City Ballet generated $5.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $5.7m during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OKLAHOMA CITY BALLET INSPIRES ITS AUDIENCE THROUGH CLASSICAL AND CONTEMPORARY DANCE PERFORMANCES, A STRONG EDUCATIONAL PROGRAM, AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS FOUNDING IN 1969, OKLAHOMA CITY BALLET HAS BEEN THE CITY'S PROFESSIONAL BALLET COMPANY, BOASTING TALENTED DANCERS FROM AROUND THE WORLD. AS THE RESIDENT DANCE COMPANY OF THE CIVIC CENTER MUSIC HALL, THE COMPANY PRODUCES FOUR MAIN-STAGE PRODUCTIONS PER SEASON IN OKLAHOMA CITY IN ADDITION TO TOURING ACROSS OKLAHOMA AND SURROUNDING STATES. OVER 30,000 AUDIENCE MEMBERS ARE MOVED BY THE OKLAHOMA CITY BALLET'S ARTISTS AND WORLD-CLASS PERFORMANCES EACH YEAR.
OKLAHOMA CITY BALLET OFFERS DANCE CLASSES FOR ALL AGES AND SKILL LEVELS. EIGHT HUNDRED STUDENTS OF ALL AGES IMPROVE THEIR DANCE TECHNIQUE THROUGH THE YVONNE CHOUTEAU SCHOOL. OKLAHOMA CITY BALLET ALSO OFFERS MULTIPLE COMMUNITY ENGAGEMENT PROGRAMS TO ENCOURAGE ARTISTRY AND ATHLETICISM IN STUDENTS ACROSS THE STATE. OVER 10,000 OKLAHOMANS ENJOY THE FREE DANCE CLASSES AND COMMUNITY PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Nelson Trustee | Trustee | 1 | $0 |
Scott Reed Trustee | Trustee | 1 | $0 |
Brian Bogert Trustee | Trustee | 1 | $0 |
Cindi Shelby Trustee | Trustee | 1 | $0 |
David White Trustee | Trustee | 1 | $0 |
Girma Moaning Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $762,832 |
| Related organizations | $0 |
| Government grants | $834,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $910,367 |
| Noncash contributions included in lines 1a–1f | $7,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,507,757 |
| Total Program Service Revenue | $2,527,672 |
| Investment income | $173,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$125,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,830 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,190,308 |
| 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. | $250,136 |
| Compensation of current officers, directors, key employees. | $135,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,372,511 |
| Pension plan accruals and contributions | $36,239 |
| Other employee benefits | $189,156 |
| Payroll taxes | $257,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,203 |
| Fees for services: Accounting | $20,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,222 |
| Fees for services: Other | $97,524 |
| Advertising and promotion | $201,764 |
| Office expenses | $74,756 |
| Information technology | $41,354 |
| Royalties | $178,144 |
| Occupancy | $186,545 |
| Travel | $141,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,823 |
| Insurance | $58,521 |
| All other expenses | $382,299 |
| Total functional expenses | $5,673,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,610,974 |
| Savings and temporary cash investments | $15,315 |
| Pledges and grants receivable | $621,416 |
| Accounts receivable, net | $23,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,120 |
| Prepaid expenses and deferred charges | $166,277 |
| Net Land, buildings, and equipment | $7,557,745 |
| Investments—publicly traded securities | $1,030,893 |
| Investments—other securities | $492,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,845 |
| Total assets | $11,698,479 |
| Accounts payable and accrued expenses | $427,648 |
| Grants payable | $0 |
| Deferred revenue | $558,359 |
| 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 | $146,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,985 |
| Total liabilities | $1,245,248 |
| Net assets without donor restrictions | $8,321,857 |
| Net assets with donor restrictions | $2,131,374 |
| 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 | $11,698,479 |