Wilmington Ballet Academy Of The Dance Inc
- Assets
- $709.9k
- Revenue
- $422.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Wilmington, DE
- Founding
- 04/2009
- Data as of
- 08/2022
- EIN
- 26-1861300
Organization Overview
Wilmington Ballet Academy Of The Dance Inc is located in Wilmington, DE. The organization was established in 2009. 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 08/2022, Wilmington Ballet Academy Of The Dance Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilmington Ballet Academy Of The Dance 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 08/2022, Wilmington Ballet Academy Of The Dance Inc generated $422.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $501.2k during the year ending 08/2022. While expenses have increased by 7.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 1956, THE WILMINGTON BALLET ACADEMY OF THE DANCE HAS BEEN DEDICATED TO PROVIDING SUPERIOR CLASSICAL BALLET TRAINING TO STUDENTS OF ALL AGES IN THE WILMINGTON AREA TO FOSTER DISCIPLINE, CONFIDENCE, POISE, AND COMMITMENT. IN ADDITION, WE PROVIDE OUR STUDENTS WITH THE OPPORTUNITY TO PERFORM WITH WORLD CLASS ARTISTS AND LIVE MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES - PERFORMANCES INCLUDE THE NUTCRACKER, A SPRING PERFORMANCE, AND OTHER PERFORMANCES PERFORMED THROUGHOUT THE YEAR FEATURING ACADEMY OF THE DANCE STUDENTS.
DANCE EDUCATION & OUTREACH - THE ORGANIZATION OFFERS TRAINING IN BALLET, MODERN, MUSICAL THEATER, JAZZ, HIP HOP, CLASSICAL AND CONTEMPORARY CHOREOGRAPHY, AS WELL AS ACTING AND VOCAL PERFORMANCE TECHNIQUES. THE ORGANIZATION'S CURRICULUM WAS INTENTIONALLY CREATED TO NURTURE THE WHOLE ARTIST IN IMMERSIVE PROFESSIONAL EXPERIENCES, IN PREPARATION FOR WELL ROUNDED ARTS CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Sterling Cannon Executive And Artistic Director | Officer | 40 | $54,042 |
Consuella Petty Board President | OfficerTrustee | 1 | $0 |
Rosanne Brandau Board Vice President | OfficerTrustee | 1 | $0 |
Mary Jane Isaacs Board Secretary | OfficerTrustee | 1 | $0 |
Rasheedah Ahmed Board Treasurer | OfficerTrustee | 1 | $0 |
Norwood Coleman Jr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,070 |
| Total Program Service Revenue | $224,337 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,309 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,333 |
| Compensation of current officers, directors, key employees. | $28,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,828 |
| Advertising and promotion | $6,200 |
| Office expenses | $3,781 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,786 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,176 |
| Insurance | $11,468 |
| All other expenses | $25 |
| Total functional expenses | $501,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,558 |
| Pledges and grants receivable | $21,450 |
| Accounts receivable, net | $1,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,612 |
| Prepaid expenses and deferred charges | $13,842 |
| Net Land, buildings, and equipment | $620,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $709,904 |
| Accounts payable and accrued expenses | $7,729 |
| Grants payable | $0 |
| Deferred revenue | $18,510 |
| 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 | $21,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,566 |
| Net assets without donor restrictions | $633,022 |
| Net assets with donor restrictions | $29,316 |
| 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 | $709,904 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wilmington Ballet Academy Of The Dance Inc has recieved totaling $568.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $318 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Balletx Philadelphia, PA | $5,194,722 | $3,970,836 |
Nimbus Dance Works Inc Jersey City, NJ | $1,475,855 | $1,246,525 |
The International Association Of Blacks In Dance Inc Silver Spring, MD | $3,311,159 | $2,206,370 |
Koresh Dance Company Philadelphia, PA | $2,196,675 | $1,130,704 |
Rennie Harris Pure Movement Sharon Hill, PA | $350,488 | $1,059,062 |
Philadelphia Dance Company Philadelphia, PA | $807,562 | $1,226,159 |
Carolyn Dorfman Dance Co Union, NJ | $219,183 | $649,621 |
Nai-Ni Chen Dance Company Inc Fort Lee, NJ | $535,575 | $662,046 |
The Dance Exchange Inc Takoma Park, MD | $925,597 | $492,006 |
Delaware Dance Cmpany Newark, DE | $195,262 | $493,750 |
Wilmington Ballet Academy Of The Dance Inc Wilmington, DE | $709,904 | $422,635 |
The National Dance Council Of America Inc Lake Ariel, PA | $1,308,753 | $606,168 |