Chattanooga Ballet Inc
- Assets
- $572.7k
- Revenue
- $813.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Chattanooga, TN
- Founding
- 03/1977
- Data as of
- 05/2022
- EIN
- 23-7247009
Organization Overview
Chattanooga Ballet Inc is located in Chattanooga, TN. The organization was established in 1977. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Chattanooga Ballet Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga 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 05/2022, Chattanooga Ballet Inc generated $813.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $690.5k during the year ending 05/2022. While expenses have increased by 7.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY DANCE PERFORMANCES AND EDUCATION TO PEOPLE OF ALL AGES
Describe the Organization's Program Activity:
INSTRUCTION IN BALLET AND RELATED ARTS; APPROXIMATELY 350 BALLET STUDENTS WERE SERVED.
PERFORMANCE OF BALLET FOR THE PUBLIC; FILMED IN LOCAL AREAS OF CHATTANOOGA AND BROADCASTED ON TELEVISION.
OTHER INCOME AND EXPENSES RELATED TO ORGANIZATION SUCH AS FUNDRAISING REVENUE AND ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Morrison Vice-Chair | OfficerTrustee | 0 | $0 |
Brooke Moore Chair | OfficerTrustee | 0 | $0 |
Lilas Taslimi Call Secretary | OfficerTrustee | 0 | $0 |
Sonia Young President Emeritus | OfficerTrustee | 0 | $0 |
Leonard Murray Emeritus | OfficerTrustee | 0 | $0 |
Ashley Noojin Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,485 |
| Related organizations | $0 |
| Government grants | $105,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,996 |
| Total Program Service Revenue | $574,263 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,381 |
| Net Income from Fundraising Events | $44,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,307 |
| 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. | $65,646 |
| Compensation of current officers, directors, key employees. | $39,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,248 |
| Office expenses | $5,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,231 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,747 |
| Insurance | $7,840 |
| All other expenses | $0 |
| Total functional expenses | $690,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,409 |
| Savings and temporary cash investments | $50,740 |
| 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 | $12,367 |
| Net Land, buildings, and equipment | $360,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $572,721 |
| Accounts payable and accrued expenses | $827 |
| 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 | $5,638 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,125 |
| Total liabilities | $19,590 |
| Net assets without donor restrictions | $553,131 |
| 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 | $572,721 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chattanooga Ballet Inc has recieved totaling $34,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: $29,000 TO SUPPORT THE HIRING OF A DANCER AND $4,500 TO SUPPORT THE ARTS IN THE BURG PROJECT | $33,500 |
Maclellan Foundation Inc Chattanooga, TN PURPOSE: DELIVERY AND DISTRIBUTION OF RESOURCES. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Dance Council Inc Louisville, KY | $2,461,900 | $4,767,462 |
Charlotte Ballet Charlotte, NC | $20,235,608 | $4,763,253 |
American Dance Festival Inc Durham, NC | $15,847,262 | $2,712,778 |
Collage Dance Collective Inc Memphis, TN | $12,261,946 | $4,794,210 |
New Ballet Ensemble Memphis, TN | $2,810,421 | $1,613,011 |
Balletnova Center For Dance Falls Church, VA | $833,761 | $1,554,598 |
Manassas Performing Arts Inc Manassas, VA | $724,787 | $1,117,040 |
Ballet Virginia Norfolk, VA | $278,042 | $1,188,298 |
Several Dancers Core Inc Decatur, GA | $510,518 | $925,008 |
Broadway Dreams Foundation Corporation Alpharetta, GA | $370,059 | $1,061,609 |
Dancefx Athens, GA | $335,029 | $831,128 |
Chattanooga Ballet Inc Chattanooga, TN | $572,721 | $813,307 |