Duluth Ballet Inc
- Assets
- $268.3k
- Revenue
- $437.5k
- Investments
- $0.0
- Employees
- 41
- Location
- Duluth, MN
- Founding
- 03/1967
- Data as of
- 06/2021
- EIN
- 41-6055588
Organization Overview
Duluth Ballet Inc is located in Duluth, MN. The organization was established in 1967. 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 06/2021, Duluth Ballet Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth 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 06/2021, Duluth Ballet Inc generated $437.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $462.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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 BALLET'S MISSION IS TO PRESERVE AND ADVANCE THE ART OF BALLET, TO INCREASE ACCESS TO BALLET, AND TO USE THE MINNESOTA BALLET RESOURCES TO SERVE THE GREATER COMMUNITY. THE BALLET'S GOALS ARE TO EDUCATE THROUGH OUR SCHOOL AND COMPANY THE ART OF BALLET. PRESENT HIGHLY PROFESSIONAL PERFORMANCES AND DANCE INSTRUCTION IN THE NORTHLAND, NATIONALLY AND INTERNATIONALLY AND TO BRING BALLET TO THE PEOPLE WHERE THEY LIVE, WORK, AND GO TO SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BALLET'S MISSION IS TO PRESERVE AND ADVANCE THE ART OF BALLET, TO INCREASE ACCESS, AND SERVE THE GREATER COMMUNITY. OUR GOAL IS TO EDUCATE THROUGH OUR SCHOOL AND COMPANY THE ART OF BALLET. THE BALLET PRESENTS PERFORMANCES AND HIGH PROFESSIONAL STANDARD IN THE NORTHLAND AND ON TOUR NATIONALLY AND INTERNATIONALLY TO BRING BALLET TO THE PEOPLE WHERE THEY LIVE, WORK, AND GO TO SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Latuska Executive Di | Officer | 40 | $56,654 |
Melissa Winkler President | OfficerTrustee | 1 | $0 |
Nick Campanario 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Morgana Kolenda 1st Vice Pre | OfficerTrustee | 1 | $0 |
Jeanne Urban Treasurer | OfficerTrustee | 1 | $0 |
Dereck Murphy-Williams Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,102 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,530 |
| Total Program Service Revenue | $147,368 |
| Investment income | $2,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,477 |
| 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. | $69,047 |
| Compensation of current officers, directors, key employees. | $44,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,787 |
| Payroll taxes | $29,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,150 |
| Office expenses | $16,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,386 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,786 |
| Insurance | $9,983 |
| All other expenses | $5,598 |
| Total functional expenses | $462,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$560 |
| Savings and temporary cash investments | $117,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,885 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,492 |
| Investments—publicly traded securities | $40,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,991 |
| Total assets | $268,296 |
| Accounts payable and accrued expenses | $28,078 |
| Grants payable | $0 |
| Deferred revenue | $97,056 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $275,034 |
| Net assets without donor restrictions | -$58,335 |
| Net assets with donor restrictions | $51,597 |
| 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 | $268,296 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Duluth Ballet Inc has recieved totaling $130,390.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ballet Co-Laboratory Saint Paul, MN | $199,864 | $575,525 |
Mankato Ballet Company Mankato, MN | $516,344 | $775,297 |
Ballet Works Inc Minneapolis, MN | $321,556 | $591,481 |
Northern Plains Ballet Bismarck, ND | $1,394,773 | $814,526 |
Ballet Theatre Of Des Moines West Des Moines, IA | $415,618 | $577,818 |
Duluth Ballet Inc Duluth, MN | $268,296 | $437,477 |
Kanopy Dance Theatre Inc Madison, WI | -$4,020 | $443,655 |
Central Midwest Ballet Inc Middleton, WI | $173,769 | $344,560 |
North Dakota Ballet Company Grand Forks, ND | $339,874 | $352,331 |
Ballet Minnesota Inc Saint Paul, MN | $47,010 | $155,668 |