Chicago Ballet Arts
- Assets
- $372.5k
- Revenue
- $419.4k
- Investments
- $0.0
- Employees
- 24
- Location
- Evanston, IL
- Founding
- 06/1996
- Data as of
- 07/2024
- 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 07/2024, Chicago Ballet Arts employed 24 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 07/2024, Chicago Ballet Arts generated $419.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $391.2k during the year ending 07/2024. While expenses have increased by 9.0% 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
2024
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 75 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Eylar Vice President | OfficerTrustee | 0 | $9,187 |
Debra Cannon Trustee | Trustee | 0 | $0 |
Dan Kirchberg Trustee | Trustee | 0 | $0 |
Laura Lichter Trustee | Trustee | 0 | $0 |
John Spalding Trustee | Trustee | 0 | $0 |
Lynette Connell Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,141 |
| Total Program Service Revenue | $380,069 |
| Investment income | $3,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,358 |
| 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. | $9,187 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,837 |
| 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 | $5,482 |
| Advertising and promotion | $3,755 |
| Office expenses | $3,871 |
| Information technology | $473 |
| Royalties | $0 |
| Occupancy | $100,923 |
| 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 | $606 |
| Insurance | $1,939 |
| All other expenses | $0 |
| Total functional expenses | $391,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,940 |
| Savings and temporary cash investments | $37 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,318 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,918 |
| Investments—publicly traded securities | $315,826 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,749 |
| Total assets | $372,547 |
| Accounts payable and accrued expenses | $1,082 |
| 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 | $1,082 |
| Net assets without donor restrictions | $371,465 |
| 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 | $372,547 |