Salt Creek Ballet Company
- Assets
- $318.8k
- Revenue
- $582.1k
- Investments
- $75.9k
- Employees
- 11
- Location
- Westmont, IL
- Founding
- 04/1986
- Data as of
- 06/2021
- EIN
- 36-3415520
Organization Overview
Salt Creek Ballet Company is located in Westmont, IL. The organization was established in 1986. 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, Salt Creek Ballet Company employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Creek Ballet Company 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 06/2021, Salt Creek Ballet Company generated $582.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $601.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 years. 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 PROVIDE QUALITY TRAINING, PERFORMING OPPORTUNITIES, AND TO SPREAD APPRECIATION FOR DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL - THE SCHOOL OF THE SALT CREEK BALLET IS SELF-SUPPORTING AND CLASSICALLY ORIENTED WITH RICHLY DIVERSE OPPORTUNITIES FOR A WELL-ROUNDED DANCE EDUCATION. THE SCHOOL'S GOAL IS TO OFFER STUDENTS UNMATCHED EXCELLENCE AT ALL ABILITY, INTEREST AND AGE LEVELS FROM "SMALL STEPS" THROUGH THE VAGANOVA CIRRICULUM OF DANCE EDUCATION TO OUR TEEN/ADULT CLASSES.
COMPANY - THE COMPANY OF THE SALT CREEK BALLET ATTRACTS NATIONALLY KNOWN GUEST ARTISTS AND CHOREOGRAPHERS WHO REGULARLY WORK WITH THE SALT CREEK BALLET STAFF TO PROVIDE DANCERS AND AUDIENCES ALIKE WITH A LEVEL OF PERFORMANCE USUALLY ASSOCIATED WITH TOP PROFESSIONAL COMPANIES. THE COMPANY PRESENTS THE NUTCRACKER IN THE WINTER AND SELECTIONS FROM MAJOR CLASSICAL WORKS IN THE SPRING.
REGIONAL DANCE AMERICA - THE SALT CREEK BALLET SPONSORS A TRIP TO THE ANNUAL REGIONAL DANCE AMERICA FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sergey Kozadayev Artistic Director | Officer | 20 | $53,497 |
Maria Brooks Executive Director | Officer | 50 | $34,982 |
Lauren S Kavanaugh President | OfficerTrustee | 20 | $0 |
Cheryl Gibson Vice President | OfficerTrustee | 20 | $0 |
Judith Sipek Secretary | OfficerTrustee | 20 | $0 |
Katharine Hamilton Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,685 |
| Related organizations | $0 |
| Government grants | $17,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,870 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,635 |
| Total Program Service Revenue | $400,647 |
| Investment income | $1,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,636 |
| Net Income from Fundraising Events | $24,532 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,483 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,129 |
| 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. | $88,479 |
| Compensation of current officers, directors, key employees. | $7,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,105 |
| 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 | $874 |
| Fees for services: Other | $207,456 |
| Advertising and promotion | $16,293 |
| Office expenses | $11,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,183 |
| Travel | $28 |
| 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 | $9,449 |
| Insurance | $6,927 |
| All other expenses | $13,138 |
| Total functional expenses | $601,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,460 |
| Savings and temporary cash investments | $144,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,400 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,385 |
| Investments—publicly traded securities | $5,856 |
| Investments—other securities | $75,874 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,083 |
| Total assets | $318,809 |
| Accounts payable and accrued expenses | $25,503 |
| Grants payable | $0 |
| Deferred revenue | $26,347 |
| 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 | $66,337 |
| Other liabilities | $14,272 |
| Total liabilities | $132,459 |
| Net assets without donor restrictions | $186,350 |
| 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 | $318,809 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salt Creek Ballet Company has recieved totaling $2,957.
| Awarding Organization | Amount |
|---|---|
Grisemer Family Charitable Trust Bethesda, MD PURPOSE: GENERAL USE | $2,957 |
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 |