Chicago Ballet Arts
- Assets
- $298.6k
- Revenue
- $369.3k
- Investments
- $0.0
- Employees
- 28
- Location
- Evanston, IL
- Founding
- 06/1996
- Data as of
- 07/2022
- EIN
- 36-4020901
Organization Overview
Chicago Ballet Arts is located in Evanston, IL. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 07/2022, Chicago Ballet Arts employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Ballet Arts 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, Chicago Ballet Arts generated $369.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $359.6k during the year ending 07/2022. While expenses have increased by 9.0% per year over the past 6 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
COMMUNITY OUTREACH AND CLASSICAL BALLET PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHICAGO BALLET ARTS PROVIDES LOW COST PROFESSIONAL TRAINING IN CLASSICAL BALLET AND OTHER DANCE STYLES FOR AGES TWO THROUGH ADULT AND MOUNTS A FULLY PRODUCED ANNUAL CONCERT FEATURING ABOUT 100 STUDENTS.
CHICAGO BALLET ARTS PROVIDES THE COMMUNITY WITH 3 PROFESSIONAL-GRADE, INCLUSIVE STUDIO SPACES AVAILABLE SEVEN DAYS A WEEK FOR USE BY BOTH CHICAGO BALLET ARTS AND ITS PROGRAMS AS WELL AS COMMUNITY MEMBERS ENGAGED IN ARTS EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Bialek Secretary | Officer | 0 | $0 |
Peter Bialek Treasurer | Officer | 0 | $0 |
John Spalding President | Officer | 0 | $0 |
Steve Brunton Trustee | Trustee | 0 | $0 |
Lynne Turner Trustee | Trustee | 0 | $0 |
Laura Lichter Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,641 |
| Noncash contributions included in lines 1a–1f | $165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,441 |
| Total Program Service Revenue | $266,989 |
| Investment income | $3,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,307 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,511 |
| 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 | $0 |
| Fees for services: Other | $13,858 |
| Advertising and promotion | $1,494 |
| Office expenses | $4,674 |
| Information technology | $119 |
| Royalties | $0 |
| Occupancy | $104,273 |
| Travel | $0 |
| 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 | $145 |
| Insurance | $1,594 |
| All other expenses | $0 |
| Total functional expenses | $359,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,284 |
| Savings and temporary cash investments | $2,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,340 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,072 |
| Investments—publicly traded securities | $268,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,749 |
| Total assets | $298,586 |
| Accounts payable and accrued expenses | $866 |
| 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 | $0 |
| Total liabilities | $866 |
| Net assets without donor restrictions | $297,020 |
| Net assets with donor restrictions | $700 |
| 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 | $298,586 |
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