Balletcollective Inc
- Assets
- $1.5m
- Revenue
- $795.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 45-3021279
Organization Overview
Balletcollective Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balletcollective 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 12/2021, Balletcollective Inc generated $795.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $313.3k during the year ending 12/2021. While expenses have increased by 9.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BALLETCOLLECTIVE BRINGS TOGETHER ARTISTS, POETS, COMPOSERS, CHOREOGRAPHERS, AND DESIGNERS TO COLLABORATE AS EQUALS, EXCHANGING IDEAS TO ABSORB EACH OTHERS' INFLUENCE THROUGHOUT THE CREATION OF DISTINCTIVE WORKS OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLETCOLLECTIVE PRODUCED A DANCE LAB IN MILLBROOK, NY AT DUTCHESS DAY SCHOOL FROM JULY 19 TO JULY 31, 2021 TO REHEARSE AND PERFORM EXCERPTS OF THE NIGHT FALLS, A NEW DANCE-DRIVEN WORK OF MUSIC THEATER DELAYED BY THE PANDEMIC AND SLATED TO NOW FULLY PREMIERE IN FEBRUARY 2023. BALLETCOLLECTIVE ENGAGED AN ENSEMBLE OF EIGHT DANCERS FROM JUILLIARD, NEW YORK CITY BALLET, CIRQUE DU SOLEIL AND THE MARTHA GRAHAM DANCE COMPANY. IN-PROGRESS PERFORMANCES WERE HELD AT DUTCHESS DAY SCHOOL ON JULY 30 AND 31 AND WERE FREE AND OPEN TO THE PUBLIC. A TOTAL OF 156 PEOPLE WERE IN ATTENDANCE FROM THE LOCAL COMMUNITY, 82 INDIVIDUALS ON JULY 30 AND 74 ON JULY 31.ON NOVEMBER 1 AND 2, 2021, BALLETCOLLECTIVE PRESENTED "RE-MEMBERING" A CELEBRATION OF ITS 10 YEAR ANNIVERSARY AT BOHEMIAN NATIONAL HALL IN NY, NY. BOTH LIVE PERFORMANCES FEATURED THE NYC PREMIERE OF NATURAL HISTORY, THE FIRST FULL BALLET PREMIERED IN THE US SINCE THE START OF THE PANDEMIC, AND TWO ACCLAIMED PIECES FROM THE BALLETCOLLECTIVE REPERTORY. A TOTAL OF 259 TICKETS WERE SOLD FOR BOTH PERFORMANCES, 133 PEOPLE ATTENDED THE PERFORMANCE ON NOVEMBER 1 AND 126 ON NOVEMBER 2 WITH THE REMAINDER DONATED TO LOCAL DANCE STUDENTS. THE SECOND PERFORMANCE WAS ALSO STREAMED LIVE WITH A TOTAL OF 1735 VIEWS. BALLETCOLLECTIVE ENGAGED 30 ARTISTS INCLUDING 21 DANCERS FROM NEW YORK CITY BALLET AND MARTHA GRAHAM, 10 MUSICIANS PERFORMING LIVE MUSIC FROM THE KNIGHTS WITH TWO SPECIAL GUESTS, LIGHTING DESIGNER, CONDUCTOR, COMPOSER, SOURCE ARTIST, REHEARSAL DIRECTOR AND CHOREOGRAPHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Schumacher President | OfficerTrustee | 20 | $24,000 |
Ashley Laracey Secretary & Treasurer | OfficerTrustee | 2 | $3,000 |
Luke Crisell Director | Trustee | 0.2 | $0 |
Darren Henault Director | Trustee | 0.2 | $0 |
Karin Kingsley Director | Trustee | 2 | $0 |
Elissa Kramer Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,532 |
| Related organizations | $0 |
| Government grants | $26,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $738,708 |
| Noncash contributions included in lines 1a–1f | $49,114 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,137 |
| Total Program Service Revenue | $17,345 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $795,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,000 |
| 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. | $27,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,400 |
| Fees for services: Accounting | $10,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,225 |
| Advertising and promotion | $24,054 |
| Office expenses | $12,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,025 |
| Travel | $6,058 |
| 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 | $0 |
| Insurance | $4,678 |
| All other expenses | $0 |
| Total functional expenses | $313,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,276,500 |
| Savings and temporary cash investments | $155,480 |
| Pledges and grants receivable | $15,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $86,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,533,854 |
| Accounts payable and accrued expenses | $7,837 |
| 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 | $7,837 |
| Net assets without donor restrictions | $1,373,084 |
| Net assets with donor restrictions | $152,933 |
| 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 | $1,533,854 |
Grants Awarded
Over the last fiscal year, Balletcollective Inc has awarded $52,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WETHERSFIELD NUTCRACKER LLC PURPOSE: FUNDING FOR DOCUMENTARY FILM PROJECT | $27,000 |
Amenia, NY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Balletcollective Inc has recieved totaling $57,700.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $30,200 |
Newman Family Foundation Philadelphia, PA PURPOSE: ARTS COLLABORATION | $15,000 |
Jerome Robbins Foundation New York, NY PURPOSE: CHARITABLE PURPOSES | $5,000 |
Hathaway Family Foundation Millbrook, NY PURPOSE: CHARITABLE | $5,000 |
La Fondation Cuvelier New York, NY PURPOSE: GENERAL USE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York City Ballet Inc New York, NY | $352,054,118 | $35,122,869 |
Ballet Theatre Foundation Inc New York, NY | $91,391,905 | $56,242,034 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Dance Theatre Of Harlem Inc New York, NY | $25,291,917 | $7,150,839 |
Ballet Tech Foundation Inc New York, NY | $31,444,283 | $5,751,049 |
Princeton Ballet Society New Brunswick, NJ | $2,389,360 | $4,682,315 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
New Jersey Ballet Company Inc Florham Park, NJ | $1,730,612 | $1,894,921 |
American Friends Of Covent Garden The Royal Opera The Royal Ballet New York, NY | $957,784 | $1,833,201 |