Appalachian Ballet Company
- Assets
- $204.5k
- Revenue
- $496.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Maryville, TN
- Founding
- 02/1974
- Data as of
- 06/2023
- EIN
- 23-7252238
Organization Overview
Appalachian Ballet Company is located in Maryville, TN. The organization was established in 1974. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Ballet Company 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, Appalachian Ballet Company generated $496.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $435.4k during the year ending 06/2023. While expenses have increased by 7.5% per year over the past 6 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
TO PROVIDE DANCERS WITH THE HIGHEST CALIBER OF CLASSICAL TRAINING AND PERFORMANCE OPPORTUNITIES, TO PRODUCE A FIRST-CLASS SEASON OF CLASSICAL AND CONTEMPORARY BALLETS SHOWCASING LOCAL ARTISTS AND ENCOURAGING COLLABORATION AMONG TEH AREA'S PERFORMING ARTS AND TO PROMOTE AND FOSTER A LOVE AND APPRECIATION OF THE ARTS THROUGH PERFORMANCES AND LECTURE DEMONSTRATIONS IN THE COMMUNITIY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DANCERS WITH THE HIGHEST CALIBER OF CLASSICAL TRAINING AND PERFORMANCE OPPORTUNITIES, TO PRODUCE A FIRST-CLASS SEASON OF CLASSICAL AND CONTEMPORARY BALLETS SHOWCASING LOCAL ARTISTS AND ENCOURAGING COLLABORATION AMONG THE AREA'S PERFORMING ARTS AND TO PROMOTE AND FOSTER A LOVE AND APPRECIATION OF THE ARTS THROUGH PERFORMANCES AND LECTURE DEMONSTRATIONS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Luttrell President | OfficerTrustee | $0 | |
Amy Morton Vaughn Artistic Dir | OfficerTrustee | $0 | |
Helena Pound Secretary | OfficerTrustee | $0 | |
Susan Clark Member | Trustee | $0 | |
Chris Hayes Secretary | OfficerTrustee | $0 | |
Melissa Sykes Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,691 |
| Total Program Service Revenue | $280,680 |
| Investment income | $221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,426 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,660 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,600 |
| Advertising and promotion | $14,827 |
| Office expenses | $9,044 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $43,905 |
| Travel | $34,464 |
| 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 | $1,476 |
| Insurance | $8,936 |
| All other expenses | $62,005 |
| Total functional expenses | $435,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,383 |
| Savings and temporary cash investments | $12,180 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,762 |
| Investments—publicly traded securities | $149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,474 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $204,474 |
| 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 | $204,474 |