The Joffrey Ballet
- Assets
- $47.8m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 188
- Location
- Chicago, IL
- Founding
- 07/1995
- Data as of
- 06/2023
- 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 06/2023, Joffrey Ballet employed 188 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 06/2023, Joffrey Ballet generated $26.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $26.3m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 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
2023
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 2022-2023 SEASON, THE COMPANY PRESENTED FOUR PROGRAMS: BEYOND BORDERS (10 PERFORMANCES; 8,911 ATTENDEES), THE NUTCRACKER (27 PERFORMANCES INCLUDING 2 STUDENT MATINEE PERFORMANCES; 54,355 ATTENDEES), ANNA KARENINA (10 PERFORMANCES; 19,501 ATTENDEES), AND THE LITTLE MERMAID (10 PERFORMANCES; 18,718 ATTENDEES). TOTAL ATTENDANCE 101,485. THE JOFFREY ALSO TOURED TO MINNEAPOLIS, MINNESOTA AND WASHINGTON, DC.
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. THE ACADEMY AND COMMUNITY ENGAGEMENT PROGRAMS PROVIDE HIGH-QUALITY, EDUCATIONAL TRAINING WHICH FORM FUTURE AUDIENCES AND BUILD THE ORGANIZATION'S REPUTATION WORLDWIDE. AROUND 3,681 STUDENTS PARTICIPATED IN THE JOFFREY ACADEMY'S PROGRAMS.
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. THE COMMUNITY ENGAGEMENT PROGRAM SERVED 1,415 STUDENTS IN 29 SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Wheater The Mary B. Galvin Artistic Director | OfficerTrustee | 40 | $467,030 |
Greg Cameron President And CEO | OfficerTrustee | 40 | $446,717 |
Shari Massey CFO & Deputy Director | OfficerTrustee | 40 | $243,310 |
Anne Kaplan Chair Of The Board | OfficerTrustee | 5 | $0 |
Lorna Ferguson Vice Chair | OfficerTrustee | 5 | $0 |
Daniel L Morriss Vice Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lyric Opera Of Chicago Theatre Services | 6/29/23 | $3,254,165 |
Chicago Philharmonic Society Orchestra | 6/29/23 | $1,316,021 |
Allied Advertising Limited Partnership Marketing | 6/29/23 | $845,773 |
Cpw Dance Productions Inc Royalties | 6/29/23 | $175,752 |
Chirp Design Inc Marketing | 6/29/23 | $142,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,900 |
| Fundraising events | $2,000,603 |
| Related organizations | $0 |
| Government grants | $1,774,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,880,404 |
| Noncash contributions included in lines 1a–1f | $1,899,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,692,985 |
| Total Program Service Revenue | $14,015,869 |
| Investment income | $593,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$584,177 |
| Net Income from Fundraising Events | -$215,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,502,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $277,317 |
| Grants and other assistance to domestic individuals. | $558,943 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,460,177 |
| Compensation of current officers, directors, key employees. | $549,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,442,337 |
| Pension plan accruals and contributions | $705,045 |
| Other employee benefits | $1,045,095 |
| Payroll taxes | $809,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,227 |
| Fees for services: Accounting | $82,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,683 |
| Fees for services: Other | $1,139,458 |
| Advertising and promotion | $2,106,336 |
| Office expenses | $108,147 |
| Information technology | $333,986 |
| Royalties | $280,342 |
| Occupancy | $2,577,927 |
| Travel | $556,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,775 |
| Interest | $3,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $908,322 |
| Insurance | $181,697 |
| All other expenses | $325,320 |
| Total functional expenses | $26,332,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,550,084 |
| Savings and temporary cash investments | $3,500,520 |
| Pledges and grants receivable | $3,162,914 |
| Accounts receivable, net | $204,546 |
| 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 | $587,149 |
| Net Land, buildings, and equipment | $18,291,037 |
| Investments—publicly traded securities | $20,135,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $187,534 |
| Other assets | $172,880 |
| Total assets | $47,792,611 |
| Accounts payable and accrued expenses | $1,855,922 |
| Grants payable | $0 |
| Deferred revenue | $2,083,578 |
| 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 | $216,687 |
| Total liabilities | $4,156,187 |
| Net assets without donor restrictions | $24,313,617 |
| Net assets with donor restrictions | $19,322,807 |
| 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 | $47,792,611 |