Madison Ballet Inc
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Madison, WI
- Founding
- 12/1983
- Data as of
- 08/2021
- EIN
- 39-1387619
Organization Overview
Madison Ballet Inc is located in Madison, WI. The organization was established in 1983. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Madison Ballet Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Ballet 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 08/2021, Madison Ballet Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $535.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) 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
THE ARTISTIC VISION OF MADISON BALLET IS A FRAMEWORK OF THE EDUCATIONAL PROGRAMS AND PRODUCTIONS FOCUSING ON THREE AREAS: EDUCATION, PERFORMING OPPORTUNITIES, AND TEACHING/CHOREOGRAPHING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPANY/PERFORMANCES - YOUNG DANCERS AND PROFESSIONALS ALIKE GAIN INVALUABLE EXPERIENCES THROUGH MADISON BALLET'S CRITICALLY ACCLAIMED PERFORMANCES. FROM THE BELOVED TRADITION OF "THE NUTCRACKER" TO THE STUNNING INNOVATION OF CONTEMPORARY WORKS, THERE IS SOMETHING TO INSPIRE AND DELIGHT EVERY AUDIENCE.
SCHOOL OF MADISON BALLET - ONE OF THE MOST HIGHLY RESPECTED AND AFFORDABLE DANCE SCHOOLS IN THE MIDWEST, SCHOOL OF MADISON BALLET CLASSES RANGE FROM EARLY CHILDHOOD TO ADULT AND RECREATIONAL TO PRE-PROFESSIONAL. GAINING THE CONFIDENCE, DISCIPLINE, AND FUNDAMENTAL LIFE SKILLS INHERENT IN THE STUDY OF CLASSICAL BALLET, SMB PROVIDES UNPRECEDENTED OPPORTUNITY TO DANCERS IN ALL STAGES OF LIFE AND CAREER.
OUTREACH - MADISON BALLET'S USES THE POWER OF DANCE TO DEVELOP A STRONGER, MORE EMPOWERED MADISON, THROUGH FLUID, APPROACHABLE, AND RELEVANT EDUCATIONAL PROGRAMS FOR OUR COMMUNITY AND ITS ORGANIZATIONS. OUTREACH PROGRAMS ARE TARGETED TO BRIDGE GAPS IN ACCESS TO HIGH-QUALITY ARTS EDUCATION, UNITING A DIVERSE POPULATION THROUGH THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Solari CEO | Officer | 40 | $76,024 |
Gretchen Bourg General Manager | Officer | 40 | $27,137 |
Matthew Ulrich President | OfficerTrustee | 1 | $0 |
J Corkey Custer Treasurer | OfficerTrustee | 1 | $0 |
Jackie Ramin Vice-President | OfficerTrustee | 1 | $0 |
Jane Richardson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $413,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,615 |
| Noncash contributions included in lines 1a–1f | $1,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,955 |
| Total Program Service Revenue | $71,742 |
| Investment income | $202,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,265 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,057,651 |
| 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. | $115,348 |
| Compensation of current officers, directors, key employees. | $11,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,202 |
| Payroll taxes | $18,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $449 |
| Office expenses | $4,721 |
| Information technology | $11,741 |
| Royalties | $0 |
| Occupancy | $70,732 |
| Travel | $2,914 |
| 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 | $40,455 |
| Insurance | $4,404 |
| All other expenses | $273 |
| Total functional expenses | $535,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,023,037 |
| Savings and temporary cash investments | $12,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,358 |
| 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 | $24,868 |
| Net Land, buildings, and equipment | $308,591 |
| Investments—publicly traded securities | $1,094,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $2,499,145 |
| Accounts payable and accrued expenses | $34,924 |
| Grants payable | $0 |
| Deferred revenue | $13,750 |
| 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 | $580,770 |
| Other liabilities | $0 |
| Total liabilities | $629,444 |
| Net assets without donor restrictions | $1,869,701 |
| 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 | $2,499,145 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Madison Ballet Inc has recieved totaling $149,277.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: RETURNING & EVOLVING WITH TURNING POINTE | $50,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $41,470 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $37,601 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Hill Foundation For Families Living With Disabilities Chicago, IL PURPOSE: GENERAL CHARITABLE | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Beg. Balance | $932,750 |
| Earnings | $209,610 |
| Admin Expense | $9,872 |
| Other Expense | $37,601 |
| Ending Balance | $1,094,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hubbard Street Dance Chicago Inc Chicago, IL | $12,598,821 | $6,117,645 |
National Exercise Trainers Association Minneapolis, MN | $2,492,373 | $1,220,485 |
Eisenhower Dance Ensemble Southfield, MI | $683,933 | $1,458,956 |
Forward Momentum Chicago Nfp Chicago, IL | $1,599,320 | $1,315,420 |
Red Clay Dance Company Inc Chicago, IL | $1,156,212 | $1,562,748 |
Ceilings And Interior Systems Construction Association Oak Brook, IL | $888,103 | $997,301 |
Danceworks Inc Milwaukee, WI | $878,331 | $1,224,253 |
Deeply Rooted Productions Inc Chicago, IL | $878,711 | $940,049 |
Extensions Dance Co Chicago, IL | $80,237 | $618,505 |
Chicago Human Rhythm Project Chicago, IL | $1,351,849 | $983,010 |
Madison Ballet Inc Madison, WI | $2,499,145 | $1,057,651 |
Tu Dance St Paul, MN | $734,891 | $911,910 |