Ballet Western Reserve Inc
- Assets
- $371.5k
- Revenue
- $294.8k
- Investments
- $0.0
- Employees
- 18
- Location
- Youngstown, OH
- Founding
- 07/1981
- Data as of
- 06/2020
- EIN
- 34-1282499
Organization Overview
Ballet Western Reserve Inc is located in Youngstown, OH. The organization was established in 1981. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Ballet Western Reserve Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Western Reserve 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 06/2020, Ballet Western Reserve Inc generated $294.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $256.1k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DANCE INSTRUCTION AND CULTURAL ENRICHMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION IN BALLET, TAP, JAZZ, AND MODERN DANCE AND PERFORM AT AREA SCHOOLS, CIVIC CULTURAL EVENTS, AND NURSING HOMES, TO PROVIDE CULTURAL ENRICHMENT TO MEMBERS OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Barrett Vice Preside | OfficerTrustee | 1 | $0 |
Valerie Dill Secretary | OfficerTrustee | 1 | $0 |
Anna Aey President | OfficerTrustee | 1 | $0 |
Tricia Perry Past Preside | OfficerTrustee | 1 | $0 |
Wendy Weiss Treasurer | OfficerTrustee | 1 | $0 |
Kim Riddle Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,665 |
| Investment income | $663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,269 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,819 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,778 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,746 |
| Office expenses | $11,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,675 |
| Travel | $1,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $521 |
| Interest | $1,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,434 |
| Insurance | $6,431 |
| All other expenses | $0 |
| Total functional expenses | $256,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,247 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,575 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $371,488 |
| Accounts payable and accrued expenses | $1,789 |
| 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 | $40,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $251 |
| Total liabilities | $42,908 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $328,580 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ballet Western Reserve Inc has recieved totaling $23,107.
| Awarding Organization | Amount |
|---|---|
Youngstown Foundation Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $20,550 |
William M And Alyce Cafaro Family Foundation Niles, OH PURPOSE: GENERAL PURPOSE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Cincinnati Ballet Company Inc Cincinnati, OH | $28,225,838 | $12,007,959 |
Ballet Metropolitan Inc Columbus, OH | $13,150,540 | $7,739,690 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
Cleveland Ballet Cleveland, OH | $349,870 | $2,048,614 |
Grand Rapids Ballet Co Grand Rapids, MI | $7,162,912 | $1,874,827 |
Fort Wayne Ballet Inc Fort Wayne, IN | $2,459,907 | $1,784,779 |
Indianapolis Ballet Inc Indianapolis, IN | $1,043,512 | $1,204,088 |
Attack Theatre Incorporated Pittsburgh, PA | $923,327 | $900,550 |
Canton Ballet Canton, OH | $531,255 | $606,900 |
Ballet Theatre Of Ohio Munroe Falls, OH | $288,882 | $602,425 |