South Carolina Ballet Inc
- Assets
- $592.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Columbia, SC
- Founding
- 06/1976
- Data as of
- 03/2023
- EIN
- 23-7133145
Organization Overview
South Carolina Ballet Inc is located in Columbia, SC. The organization was established in 1976. 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 03/2023, South Carolina Ballet Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina 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 03/2023, South Carolina Ballet Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.4m during the year ending 03/2023. While expenses have increased by 0.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESENTATION & TRAINING IN BALLET
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF BALLET PERFORMANCES IN CENTRAL SC AND THE SOUTHEASTERN UNITED STATES IN ADDITION TO DEVELOPING AND TRAINING NEW BALLET TALENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Starrett Artistic Director | OfficerTrustee | 40 | $0 |
Jared Smith President | OfficerTrustee | 5 | $0 |
C Adair Bledsoe Jr Vice President | OfficerTrustee | 5 | $0 |
Ero Aggelopoulo-Amiridis PHD Board Member | OfficerTrustee | 2 | $0 |
Jessica Yohe Treasurer | Trustee | 2 | $0 |
Louise Burns Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,585 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $718,193 |
| Total Program Service Revenue | $938,068 |
| Investment income | $157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,563 |
| Net Gain/Loss on Asset Sales | $39,648 |
| Net Income from Fundraising Events | $20,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,719,016 |
| 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. | $114,746 |
| Compensation of current officers, directors, key employees. | $34,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,963 |
| Pension plan accruals and contributions | $2,196 |
| Other employee benefits | $36,897 |
| Payroll taxes | $39,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $120,174 |
| Office expenses | $14,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,481 |
| Travel | $8,817 |
| 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 | $4,689 |
| Insurance | $1,180 |
| All other expenses | $37,817 |
| Total functional expenses | $1,425,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,397 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,133 |
| Accounts payable and accrued expenses | $56,520 |
| 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 | $147,977 |
| Other liabilities | $0 |
| Total liabilities | $204,497 |
| Net assets without donor restrictions | $387,636 |
| 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 | $592,133 |