Chattanooga Ballet Inc
- Assets
- $659.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Chattanooga, TN
- Founding
- 03/1977
- Data as of
- 05/2024
- 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 05/2024, Chattanooga Ballet Inc employed 14 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 05/2024, Chattanooga Ballet Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.0m during the year ending 05/2024. While expenses have increased by 10.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THROUGH THE POWER OF DANCE.
Describe the Organization's Program Activity:
INSTRUCTION IN BALLET AND RELATED ARTS; APPROXIMATELY 400 BALLET STUDENTS WERE SERVED.
OTHER INCOME AND EXPENSES RELATED TO ORGANIZATION SUCH AS FUNDRAISING REVENUE AND ADMINISTRATIVE EXPENSES.
TEN PUBLIC BALLET PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Morrison Board Member | Trustee | 1.25 | $0 |
Keelah Jackson Board Member | Trustee | 1.25 | $0 |
Brad Carmony Board Member | Trustee | 1.25 | $0 |
Brooke Fuller Board Member | Trustee | 1.25 | $0 |
Courtney Keehan Board Member | Trustee | 1.25 | $0 |
Ashley Kinzler Board Member | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,429 |
| Related organizations | $0 |
| Government grants | $190,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,874 |
| Total Program Service Revenue | $708,839 |
| 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 | $26,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,104 |
| 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. | $276,601 |
| Compensation of current officers, directors, key employees. | $26,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,947 |
| Office expenses | $5,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,366 |
| Travel | $0 |
| 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 | $23,579 |
| Insurance | $8,798 |
| All other expenses | $4,769 |
| Total functional expenses | $1,021,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,451 |
| Savings and temporary cash investments | $115,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,624 |
| Prepaid expenses and deferred charges | $11,710 |
| Net Land, buildings, and equipment | $347,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $659,884 |
| Accounts payable and accrued expenses | $5,350 |
| 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 | $0 |
| Other liabilities | $21,735 |
| Total liabilities | $27,085 |
| Net assets without donor restrictions | $599,799 |
| Net assets with donor restrictions | $33,000 |
| 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 | $659,884 |