Peoria Ballet Co
- Assets
- $319.3k
- Revenue
- $390.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Peoria, IL
- Founding
- 04/1966
- Data as of
- 07/2021
- EIN
- 37-6057674
Organization Overview
Peoria Ballet Co is located in Peoria, IL. The organization was established in 1966. 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 07/2021, Peoria Ballet Co employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoria Ballet Co 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 07/2021, Peoria Ballet Co generated $390.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $306.9k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) 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 PROMOTE THE UNDERSTANDING OF AND PARTICIPATION AND INTEREST IN DANCE FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS ACADEMY PROGRAM, PEORIA BALLET COMPANY OFFERS NUMEROUS CLASSES EACH WEEK TO STUDENTS RANGING IN AGE FROM THREE TO ADULT. STUDENTS ARE TRAINED IN A NUMBER OF DANCE STYLES INCLUDING BALLET, CONTEMPORARY, JAZZ, MODERN, AND TAP. IN A TYPICAL YEAR, THE ACADEMY SERVES APPROXIMATELY 175 STUDENTS, BUT DUE TO THE COVID-19 PANDEMIC, THE NUMBER OF STUDENTS DROPPED TO APPROXIMATELY 125.
PEORIA BALLET COMPANY PERFORMS TWO PROFESSIONAL LEVEL BALLET PRODUCTIONS ANNUALLY AND A RECITAL AT THE END OF EACH SCHOOL YEAR. TICKET PRICES FOR THESE PRODUCTIONS ARE KEPT LOW, WITH THE GOAL OF PROVIDING AN AFFORDABLE THEATRICAL EXPERIENCE. IN ADDITION TO THE PUBLIC PERFORMANCES, IN THEATER OUTREACH PERFORMANCES ARE PRESENTED TO PROVIDE FREE OR LOW COST EXPERIENCES FOR LOCAL STUDENTS, ADULTS WITH DISABILITIES, AND NURSING HOME/SENIOR LIVING CENTER RESIDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND. IN A TYPICAL YEAR, THESE PRODUCTIONS REACH OVER 6,000 COMMUNITY MEMBERS. DUE TO THE COVID-19 PANDEMIC, THE PRODUCTIONS WERE PERFORMED VIRTUALLY THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge Laico Artistic Director | Trustee | 40 | $64,560 |
Wendy Thomasson Executive Director | OfficerTrustee | 40 | $49,327 |
Athena Herman Vice President | OfficerTrustee | 1 | $0 |
Scott Boushell President | OfficerTrustee | 1 | $0 |
Ann Pieper Secretary | OfficerTrustee | 1 | $0 |
Ina Becraft Treasurer | OfficerTrustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,400 |
| Noncash contributions included in lines 1a–1f | $7,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,402 |
| Total Program Service Revenue | $216,361 |
| Investment income | $341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,787 |
| 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. | $111,874 |
| Compensation of current officers, directors, key employees. | $7,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,045 |
| Payroll taxes | $13,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $603 |
| Office expenses | $6,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,340 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,087 |
| Insurance | $3,266 |
| All other expenses | $0 |
| Total functional expenses | $306,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,398 |
| Savings and temporary cash investments | $159,456 |
| Pledges and grants receivable | $48,000 |
| Accounts receivable, net | $1,197 |
| 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 | $0 |
| Net Land, buildings, and equipment | $80,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,602 |
| Total assets | $319,348 |
| Accounts payable and accrued expenses | $6,380 |
| 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 | $6,380 |
| Net assets without donor restrictions | $303,366 |
| Net assets with donor restrictions | $9,602 |
| 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 | $319,348 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Peoria Ballet Co has recieved totaling $2,849.
| Awarding Organization | Amount |
|---|---|
Christian Charities Foundation Peoria, IL PURPOSE: CHRISTIAN MINISTRY | $1,275 |
Pella Rolscreen Foundation Pella, IA PURPOSE: GENERAL OPERATIONS | $1,000 |
Timothy W And Katherine A Swain Charitable Trust Peoria, IL PURPOSE: GENERAL PURPOSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Endowment Analysis
| Beg. Balance | $7,869 |
| Earnings | $1,733 |
| Ending Balance | $9,602 |
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 |