The Joffrey Ballet
- Assets
- $41.3m
- Revenue
- $12.6m
- Investments
- $8.6m
- Employees
- 211
- Location
- Chicago, IL
- Founding
- 07/1995
- Data as of
- 06/2021
- EIN
- 36-4009741
Organization Overview
The Joffrey Ballet is located in Chicago, IL. The organization was established in 1995. 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, Joffrey Ballet employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joffrey Ballet 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, Joffrey Ballet generated $12.6m 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 (7.3%) each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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
THE JOFFREY BALLET IS A WORLD-CLASS, CHICAGO-BASED BALLET COMPANY AND DANCE EDUCATION ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2020-2021 SEASON, THE COMPANY CANCELED ALL IN PERSON PERFORMANCES DUE TO THE COVID-19 PANDEMIC AND MOVED TO PRODUCING DIGITAL PROGRAMMING. THE JOFFREY STUDIO WORLD PREMIER DIGITAL SERIES INCLUDED BOLERO, UNDER THE TREES' VOICES AND SWING LOW. ON CUE, A NEW HALF-HOUR DIGITAL INTERVIEW SERIES THAT CHRONICLED THE LIVES AND CAREERS OF MEMBERS OF THE JOFFREY ARTISTIC TEAM WAS ALSO PRODUCED, REACHING THOSE ALL OVER THE WORLD.
THE ACADEMY IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION BUILT ON A FOUNDATION OF CLASSICAL BALLET TO STUDENTS OF ALL AGES, LEVELS AND BACKGROUNDS. WITH THE TALENTS CULTIVATED AT THE ACADEMY, STUDENTS CAN PURSUE CAREERS AS PROFESSIONAL DANCERS AT COMPANIES THROUGHOUT THE WORLD, HIGHER EDUCATION OPPORTUNITIES IN DANCE. THROUGH THE ACADEMY'S PROGRAMS, STUDENTS DEVELOP A DIVERSE SET OF SKILLS INCLUDING ARTISTRY, CREATIVITY, DISCIPLINE AND CONFIDENCE, AMONG OTHERS. 1,042 + STUDENTS, RANGING IN AGES FROM 2 TO 21 ATTENDED CLASSES. THE ACADEMY AND COMMUNITY ENGAGEMENT PROGRAMS PROVIDE HIGH-QUALITY, EDUCATIONAL TRAINING WHICH FORM FUTURE AUDIENCES AND BUILD THE ORGANIZATION'S REPUTATION WORLDWIDE.
THE PRIMARY GOAL OF THE COMMUNITY ENGAGEMENT PROGRAM IS TO PROVIDE STUDENTS IN ALL GRADE LEVELS WITH A HIGHLY STRUCTURED DANCE EXPERIENCE WHERE THEY WILL DEVELOP LIFE SKILLS ARTICULATED BY ILLINOIS STATE BOARD OF EDUCATION'S SOCIAL EMOTIONAL LEARNING (SEL) STANDARDS SUCH AS SELF-DISCIPLINE, RESPECT, AND CONFIDENCE THROUGH THE STUDY OF VARIOUS FORMS OF DANCE. IN ADDITION, THESE PROGRAMS HELP BUILD A STRONG DANCE FOUNDATION BY FOCUSING ON CORRECT POSTURE, PLACEMENT, COORDINATION, STRENGTH, FLEXIBILITY AND MUSICALITY. BY PROVIDING THIS SERVICE TO THE YOUTH, WE HOPE TO INCREASE THE LEVEL OF AWARENESS OF THIS ART FORM, AND INSTILL LIFE SKILLS THAT LAST LONG AFTER PROGRAMS END. IN FISCAL 2021, 1,328+ STUDENTS BENEFITED FROM THE COMMUNITY ENGAGEMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley C Wheater The Mary B. Galvin Artistic Director | OfficerTrustee | 40 | $406,703 |
Greg Cameron President And CEO | OfficerTrustee | 40 | $361,543 |
Shari Massey CFO & Deputy Director | OfficerTrustee | 40 | $203,330 |
Brian G Smith Chief Marketing Officer | 40 | $123,580 | |
Bradley Renner General Manager | 40 | $118,603 | |
Paul Key Director Of Technology | 40 | $116,146 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Auditorium Theatre Roosevelt University Theatre Services | 6/29/21 | $390,429 |
Chirp Design Inc Marketing | 6/29/21 | $202,616 |
Allied Advertising Limited Partnership Marketing | 6/29/21 | $180,318 |
Jewell Events Catering | 6/29/21 | $161,216 |
Chicago Philharmonic Society Orchestra | 6/29/21 | $144,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,601 |
| Related organizations | $0 |
| Government grants | $2,083,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,710,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,956,604 |
| Total Program Service Revenue | $1,860,885 |
| Investment income | $16,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $428,755 |
| Net Income from Fundraising Events | -$20,205 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,576,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $364,390 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,144,838 |
| Compensation of current officers, directors, key employees. | $396,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,764,830 |
| Pension plan accruals and contributions | $53,317 |
| Other employee benefits | $776,539 |
| Payroll taxes | $498,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,340 |
| Fees for services: Accounting | $51,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,203 |
| Fees for services: Other | $355,238 |
| Advertising and promotion | $110,913 |
| Office expenses | $41,481 |
| Information technology | $232,621 |
| Royalties | $53,126 |
| Occupancy | $732,232 |
| Travel | $45,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $849,775 |
| Insurance | $104,165 |
| All other expenses | $117,965 |
| Total functional expenses | $10,647,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,473,080 |
| Savings and temporary cash investments | $1,005,159 |
| Pledges and grants receivable | $3,271,115 |
| Accounts receivable, net | $623,415 |
| 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 | $762,622 |
| Net Land, buildings, and equipment | $17,319,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,635,707 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,315 |
| Total assets | $41,269,610 |
| Accounts payable and accrued expenses | $658,917 |
| Grants payable | $0 |
| Deferred revenue | $1,989,716 |
| 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 | $1,764,592 |
| Other liabilities | $0 |
| Total liabilities | $4,413,225 |
| Net assets without donor restrictions | $20,608,823 |
| Net assets with donor restrictions | $16,247,562 |
| 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 | $41,269,610 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Joffrey Ballet has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Nathan Tannenbaum Foundation Inc West Palm Beach, FL PURPOSE: CHARITABLE | $7,500 |
Charles And Joan Gross Family Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
Gregg Aaron Zale Family Foundation Glencoe, IL PURPOSE: CHARITABLE | $3,000 |
Endowment Analysis
| Beg. Balance | $8,999,109 |
| Earnings | $1,714,078 |
| Net Contributions | $607,000 |
| Other Expense | $174,023 |
| Ending Balance | $11,146,164 |
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 |