Winston-Salem Festival Ballet Inc
- Assets
- $0.0
- Revenue
- $392.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 09/2009
- Data as of
- 09/2021
- EIN
- 26-4256235
Organization Overview
Winston-Salem Festival Ballet Inc is located in Winston Salem, NC. The organization was established in 2009. According to its NTEE Classification (A63) the organization is classified as: Ballet, 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. Winston-Salem Festival 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 09/2021, Winston-Salem Festival Ballet Inc generated $392.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $411.0k during the year ending 09/2021. While expenses have increased by 15.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM PROFESSIONAL BALLET AND DANCE SHOWS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL BALLET AND DANCE SHOWS FOR THE PEOPLE OF WINSTON SALEM AND THE TRIAD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Taylor Board Member | Trustee | 30 | $24,690 |
Rita Taylor Board Member | Trustee | 30 | $3,200 |
Leigha Smith Board Member | Officer | 5 | $0 |
Tawanna Macfarlane Board Member | Officer | 5 | $0 |
Gary Thompson Board Member | Trustee | 5 | $0 |
Dr Jennifer Grant Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,862 |
| Fundraising events | $0 |
| Related organizations | $42,884 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,746 |
| Total Program Service Revenue | $326,874 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $392,620 |
| 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. | $57,226 |
| Compensation of current officers, directors, key employees. | $57,226 |
| Compensation to disqualified persons | $103,836 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,712 |
| Advertising and promotion | $653 |
| Office expenses | $20,784 |
| Information technology | $0 |
| Royalties | $4,570 |
| Occupancy | $92,329 |
| Travel | $34,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,475 |
| Insurance | $7,844 |
| All other expenses | $3,915 |
| Total functional expenses | $411,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $64,900 |
| 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 | $10,333 |
| Total liabilities | $75,233 |
| Net assets without donor restrictions | -$75,233 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winston-Salem Festival Ballet Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Carolina Ballet Inc Raleigh, NC | $2,591,733 | $5,042,638 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Richmond Ballet Inc Richmond, VA | $9,343,909 | $5,961,250 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
Columbia City Ballet Company Columbia, SC | $347,590 | $1,160,258 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
International Ballet Greer, SC | $414,500 | $610,369 |
Ballethnic Dance Company Inc East Point, GA | $602,135 | $948,647 |
Georgia Ballet Inc Marietta, GA | $1,039,867 | $613,388 |
Virginia Ballet Company And School Fairfax, VA | $330,622 | $658,444 |
Winston-Salem Festival Ballet Inc Winston Salem, NC | $0 | $392,620 |