Indiana Ballet Theatre Nw Inc
- Assets
- $959.7k
- Revenue
- $414.9k
- Investments
- $0.0
- Employees
- 21
- Location
- Merrillville, IN
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 35-1846477
Organization Overview
Indiana Ballet Theatre Nw Inc is located in Merrillville, IN. The organization was established in 1998. 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 12/2021, Indiana Ballet Theatre Nw Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Ballet Theatre Nw 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 12/2021, Indiana Ballet Theatre Nw Inc generated $414.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $325.5k during the year ending 12/2021. 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
DEDICATED TO TRANSFORMING LIVES AND ENRICHING THE COMMUNITY THROUGH THE WORLD OF DANCE. THIS IS DONE THROUGH PERFORMANCES, OUTREACH AND THE FINEST CLASSICAL DANCE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE ART OF BALLET IN THE LOCAL COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Tuohy Founding Artistic Director | Trustee | 50 | $36,793 |
Vernon Beck Member | Trustee | 1 | $0 |
Scott Crumrine Member | Trustee | 1 | $0 |
Emily Pancheri Member | Trustee | 1 | $0 |
James Pellegrini Secretary | Trustee | 1 | $0 |
Faye Sepke Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,332 |
| Total Program Service Revenue | $250,053 |
| Investment income | $249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,931 |
| 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. | $36,793 |
| Compensation of current officers, directors, key employees. | $18,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,888 |
| Advertising and promotion | $8,915 |
| Office expenses | $14,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,989 |
| Travel | $3,563 |
| 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 | $72 |
| Insurance | $10,055 |
| All other expenses | $2,849 |
| Total functional expenses | $325,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,000 |
| 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 | $677,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $959,720 |
| 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 | $10,949 |
| Total liabilities | $10,949 |
| Net assets without donor restrictions | $948,771 |
| 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 | $959,720 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana Ballet Theatre Nw Inc has recieved totaling $10,126.
| Awarding Organization | Amount |
|---|---|
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: RENOVATION OF THE NURSES HOME, LAKE COUNTY TB SANATORIUM | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Joffrey Ballet Chicago, IL | $41,269,610 | $12,576,025 |
Kansas City Ballet Association Kansas City, MO | $44,028,561 | $12,814,564 |
Milwaukee Ballet Company Inc Milwaukee, WI | $24,713,474 | $6,965,277 |
Marcus Center For The Performing Arts Inc Milwaukee, WI | $26,052,068 | $8,419,632 |
Laurie Foundation For The Performing Arts Columbia, MO | $6,459,045 | $968,148 |
Ballet Chicago Company Chicago, IL | $494,898 | $1,522,334 |
Fort Wayne Ballet Inc Fort Wayne, IN | $2,459,907 | $1,784,779 |
Saint Louis Ballet Company Chesterfield, MO | $736,242 | $1,637,573 |
Indianapolis Ballet Inc Indianapolis, IN | $1,043,512 | $1,204,088 |
Ballet Five Eight Nfp Orland Park, IL | $389,671 | $1,150,248 |
Salt Creek Ballet Company Westmont, IL | $318,809 | $582,129 |
Springfield Ballet Inc Springfield, MO | $732,328 | $681,602 |