Fort Wayne Ballet Inc
- Assets
- $2.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Fort Wayne, IN
- Founding
- 01/1958
- Data as of
- 07/2022
- EIN
- 35-6006394
Organization Overview
Fort Wayne Ballet Inc is located in Fort Wayne, IN. The organization was established in 1958. 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 07/2023, Fort Wayne Ballet Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Wayne 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 07/2022, Fort Wayne Ballet Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.3m during the year ending 07/2022. While expenses have increased by 2.5% 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
TO FEED THE SPIRIT AND SPARK THE IMAGINATION THROUGH THE HIGHEST CALIBER PROFESSIONAL AND ACADEMY PERFORMANCES, DANCE TRAINING, AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY OF THE FORT WAYNE BALLET PROVIDES DANCE EDUCATION TO STUDENTS OF ALL AGES, ENCOMPASSING ENTRY LEVEL MOVEMENT THROUGH ADULT CLASSES. IT IS ONE OF THE PREMIERE PROFESSIONAL TRAINING PROGRAMS IN INDIANA. THE TRAINEE PROGRAM ATTRACTS STUDENTS FROM ACROSS THE MIDWEST AND THE SOUTHEASTERN PORTION OF THE COUNTRY. THE SUMMER INTENSIVE PROGRAM ATTRACTS STUDENTS AGED 13-20 FROM ACROSS THE COUNTRY. IN THE FALL OF 2020, THE ACADEMY BECAME CERTIFIED IN THE AMERICAN BALLET THEATRE (ABT) CURRICULUM AND IS ONE OF SIX FULLY-CERTIFIED ACADEMIES IN THE WORLD TO BE ALIGNED WITH ABT. THE ACADEMY HAS A YOUTH COMPANY WHICH PERFORMS A FAMILY SERIES OF THREE PRODUCTIONS EACH YEAR AS WELL AS OUTREACH PERFORMANCES IN THE COMMUNITY.
FORT WAYNE BALLET'S PROFESSIONAL COMPANY CONSISTS OF TWENTY FOUR DANCERS REPRESENTING THE UNITED STATES, JAPAN, MEXICO AND UZBEKISTAN AND IS SUPPLEMENTED BY SIX TRAINEE DANCERS. THE SEASON INCLUDES THREE MAIN STAGE PERFORMANCES FROM CLASSIC MASTERWORKS TO CONTEMPORARY PREMIERS, THREE CONTEMPORARY REPERTOIRE PERFORMANCES, AND AN INTIMATE IN STUDIO SERIES WHERE PATRONS ARE IMMERSED INTO THE PROGRAMMING. THE ORGANIZATION IS COMMITTED TO BEING ACTIVELY INVOLVED IN COLLABORATIVE PROGRAMMING WITH OTHER ARTS ORGANIZATIONS. COMMUNITY ENGAGEMENT AND SERVICE IS A SIGNIFICANT PART OF THE BALLET'S MISSION AND INCLUDES SENSORY FRIENDLY PRODUCTIONS OF ITS MAIN STAGE PERFORMANCES, TRAINING RESIDENCIES IN THE REGION'S SCHOOL SYSTEMS, PERFORMANCES IN COMMUNITY FESTIVALS AND PERFORMANCES OUTSIDE THE REGION. THE BALLET HAS PERFORMED ITS NUTCRACKER OUTSIDE OF THE REGION AND HAS REPRESENTED THE FORT WAYNE COMMUNITY INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Gibbons-Brown Artistic Dir | Officer | 40 | $81,313 |
Jim Sparrow Executive Di | Officer | 40 | $78,287 |
Megan Bennett Treasurer | OfficerTrustee | 1 | $0 |
Traci Bohdan Trustee | Trustee | 1 | $0 |
Keley Brown Trustee | Trustee | 1 | $0 |
Kristine Logan Gieschen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,024,218 |
| Investment income | $46,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,675 |
| Net Income from Fundraising Events | $61,490 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,771 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,784,779 |
| 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. | $189,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,199 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,230 |
| Payroll taxes | $58,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,214 |
| Fees for services: Other | $161,458 |
| Advertising and promotion | $39,263 |
| Office expenses | $37,441 |
| Information technology | $9,171 |
| Royalties | $0 |
| Occupancy | $93,616 |
| Travel | $14,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,541 |
| Insurance | $8,664 |
| All other expenses | $0 |
| Total functional expenses | $1,340,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,467 |
| Savings and temporary cash investments | $216,900 |
| Pledges and grants receivable | $94,828 |
| Accounts receivable, net | $11,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,813 |
| Prepaid expenses and deferred charges | $8,777 |
| Investments—publicly traded securities | $1,989,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,956 |
| Total assets | $2,459,907 |
| Accounts payable and accrued expenses | $22,400 |
| Grants payable | $0 |
| Deferred revenue | $21,842 |
| 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 | $0 |
| Total liabilities | $44,242 |
| Net assets without donor restrictions | $241,633 |
| Net assets with donor restrictions | $2,174,032 |
| 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 | $2,415,665 |