Milwaukee Ballet Company Inc
- Assets
- $24.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 146
- Location
- Milwaukee, WI
- Founding
- 04/1970
- Data as of
- 07/2020
- EIN
- 39-1134735
Organization Overview
Milwaukee Ballet Company Inc is located in Milwaukee, WI. The organization was established in 1970. 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, Milwaukee Ballet Company Inc employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Ballet Company Inc 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 07/2020, Milwaukee Ballet Company Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $7.2m during the year ending 07/2020. While expenses have increased by 2.2% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING PERFORMANCE, COMMUNITY ENGAGEMENT, EDUCATION & TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILWAUKEE BALLET COMPANY, FOUNDED IN 1970, HAS BROUGHT WORLD-CLASS PRESENTATIONS OF THE ART FORM TO ITS AUDIENCES. MILWAUKEE BALLET COMPANY'S LONG-TERM GOALS INCLUDE PRODUCING INSPIRING BALLET PRODUCTIONS FOR THE GREATER MILWAUKEE COMMUNITY AND MAINTAINING A FOCUS ON FAMILY PROGRAMMING IN TANDEM WITH A COMMITMENT TO THE CREATION OF NEW WORKS. THE COVID-19 PANDEMIC FORCED OUR PRIMARY VENUE TO CANCEL ALL LIVE PERFORMANCES FOR THE 20-21 SEASON. THE MILWAUKEE BALLET WAS FORTUNATE TO HAVE A BLACK-BOX THEATER WHICH ALLOWED THE OPPORTUNITY TO PERFORM FOUR SHOWS FOR A SMALLER AUDIENCE.
MILWAUKEE BALLET SCHOOL & ACADEMY OFFERS CHILDREN AND ADULTS OF ALL AGES A COMPLETE EDUCATION IN CLASSICAL DANCE. IT WAS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF DANCE IN SEPTEMBER 2008, MAKING IT THE ONLY PROFESSIONAL STUDIO SCHOOL IN THE MIDWEST AND ONE OF THIRTEEN NATIONALLY TO RECEIVE SUCH RECOGNITION. THE ACCREDITATION HAS ALLOWED THE SCHOOL TO GREATLY EXPAND OPPORTUNITIES AND BENEFITS PROVIDED TO ITS STUDENTS. APPROXIMATELY 943 STUDENTS ATTEND MILWAUKEE BALLET SCHOOL & ACADEMY.
THE MILWAUKEE BALLET II PROGRAM PROVIDES STUDENTS WITH THE TRAINING NEEDED TO BRIDGE THE GAP BETWEEN STUDENT AND PROFESSIONAL THROUGH PERFORMANCE OPPORTUNITIES IN ADDITION TO SERVING AS THE VITAL FORCE DRIVING MILWAUKEE BALLET COMPANY'S COMMUNITY OUTREACH PROGRAMMING. AS THE MAIN ARM OF MILWAUKEE BALLET COMPANY'S COMMUNITY OUTREACH EFFORTS, MILWAUKEE BALLET II DANCERS PERFORMED FOR AND PARTICIPATED IN WORKSHOPS WITH ALMOST 4,000 CHILDREN AND ADULTS DURING RESPECTED PROFESSIONAL TRAINING PROGRAMS AND ONE OF THE LARGEST OUTREACH PROGRAMS IN THE COUNTRY. DUE TO THE COVID-19 PANDEMIC, MUCH OF THE OUTREACH PROGRAMMING HAD TO BE CANCELED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pink Artistic Director | 40 | $187,482 | |
Anne Metcalfe Managing Director (thru 5/31/21) | Officer | 40 | $120,192 |
Mary Rask Finance Director | Officer | 40 | $74,199 |
Tai Pauls Interim Managing Dir. (beg 5/31/21) | Officer | 40 | $44,935 |
Amy Schmidt Jones Board Chairman | OfficerTrustee | 1 | $0 |
Neil Riegelman Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catcon Llc (Catalyst Construction) Contractor For New Building | 7/30/19 | $4,513,326 |
Boelter&lincoln Media Placement Agency | 7/30/19 | $172,923 |
The Alford Group Inc Campaign Counsel Services | 7/30/19 | $108,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,296,402 |
| Investment income | $2,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,100 |
| Net Income from Fundraising Events | -$11,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,130 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,965,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $197,813 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $427,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,193,181 |
| Pension plan accruals and contributions | $72,605 |
| Other employee benefits | $105,737 |
| Payroll taxes | $234,570 |
| 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 | $53,090 |
| Advertising and promotion | $462,070 |
| Office expenses | $156,709 |
| Information technology | $0 |
| Royalties | $25,882 |
| Occupancy | $657,895 |
| Travel | $46,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $196,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $643,425 |
| Insurance | $46,571 |
| All other expenses | $0 |
| Total functional expenses | $7,230,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $938,204 |
| Savings and temporary cash investments | $1,859,237 |
| Pledges and grants receivable | $3,233,468 |
| Accounts receivable, net | $18,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,939 |
| Prepaid expenses and deferred charges | $78,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $625,549 |
| Total assets | $24,713,474 |
| Accounts payable and accrued expenses | $361,069 |
| Grants payable | $0 |
| Deferred revenue | $414,942 |
| 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 | $6,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,634,714 |
| Total liabilities | $7,416,968 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $17,296,506 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Milwaukee Ballet Company Inc has recieved totaling $286,341.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $71,463 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $71,463 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $25,000 |
Marcus Corporation Foundation Inc Milwaukee, WI PURPOSE: ART/CULTURE | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,068 |
Endowment Analysis
| Beg. Balance | $625,549 |
| Earnings | $129,817 |
| Grants | $11,818 |
| Ending Balance | $743,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Joffrey Ballet Chicago, IL | $41,269,610 | $12,576,025 |
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 |
Grand Rapids Ballet Co Grand Rapids, MI | $7,162,912 | $1,874,827 |
Ballet Chicago Company Chicago, IL | $494,898 | $1,522,334 |
Ballet Five Eight Nfp Orland Park, IL | $389,671 | $1,150,248 |
Ballet Co-Laboratory Saint Paul, MN | $199,864 | $575,525 |
Salt Creek Ballet Company Westmont, IL | $318,809 | $582,129 |
Mankato Ballet Company Mankato, MN | $516,344 | $775,297 |
Ballet Works Inc Minneapolis, MN | $321,556 | $591,481 |
Ballet Chelsea Chelsea, MI | $415,790 | $464,445 |
Ballet Theatre Of Des Moines West Des Moines, IA | $415,618 | $577,818 |