Ballet Western Reserve Inc
- Assets
- $352.5k
- Revenue
- $285.3k
- Investments
- $0.0
- Employees
- 18
- Location
- Youngstown, OH
- Founding
- 07/1981
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Ballet Western Reserve Inc generated $285.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $387.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DANCE INSTRUCTION AND CULTURAL ENRICHMENT
Describe the Organization's Program Activity:
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 |
|---|---|---|---|
Anna Aey President | OfficerTrustee | 1 | $0 |
Felicia Armstrong Trustee | Trustee | 0.25 | $0 |
Kim Barrett Vice Preside | OfficerTrustee | 1 | $0 |
Bonnie Burdman Trustee | Trustee | 0.25 | $0 |
Valerie Dill Secretary | OfficerTrustee | 1 | $0 |
Angela Economos Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,399 |
| Total Program Service Revenue | $205,244 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,341 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,361 |
| Advertising and promotion | $22,641 |
| Office expenses | $14,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,227 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,979 |
| Interest | $1,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,584 |
| Insurance | $9,189 |
| All other expenses | $27,681 |
| Total functional expenses | $387,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,335 |
| 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 | $224,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115 |
| Total assets | $352,458 |
| Accounts payable and accrued expenses | $2,885 |
| 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 | $158,428 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $324 |
| Total liabilities | $161,637 |
| Net assets without donor restrictions | $190,821 |
| 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 | $352,458 |