Balletcollective Inc
- Assets
- $1.6m
- Revenue
- $886.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2012
- Data as of
- 12/2023
- 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 12/2023, Balletcollective Inc generated $886.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $859.2k during the year ending 12/2023. While expenses have increased by 20.0% per year over the past 9 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
2023
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
AFTER YEARS OF DEVELOPMENT, BALLETCOLLECTIVE CELEBRATED THE WORLD PREMIERE PERFORMANCE RUN OF THE NIGHT FALLS AT PEAK PERFORMANCES AT MONTCLAIR STATE UNIVERSITY FROM FEBRUARY 9-12, 2023 IN MONTCLAIR, NJ. WITH A LIBRETTO AND LYRICS BY PULITZER FINALIST KAREN RUSSELL, MUSIC AND LYRICS BY ELLIS LUDWIG-LEONE, CHOREOGRAPHY AND DIRECTION BY TROY SCHUMACHER, THE NIGHT FALLS PREMIERED AS AN 85 MINUTE STAGED DANCE-DRIVEN WORK OF MUSIC THEATER FOR NINE DANCERS, EIGHT SINGERS, AND A CHAMBER ENSEMBLE TO TELL A NEW MODERN, AMERICAN MYTH FOR OUR FRACTURED ERA. IN LATE 2023, THE NEW YORK TIMES NAMED THE NIGHT FALLS IN "BEST DANCE PERFORMANCES OF 2023." BALLETCOLLECTIVE PRESENTED ITS 2023 NEW YORK CITY SEASON: THE MOMENT IS IMMINENT, WHICH FEATURED TWO WORLD PREMIERE BALLETS FROM TWO ACCLAIMED CREATIVE TEAMS. BALLETCOLLECTIVE FOUNDER AND CHOREOGRAPHER TROY SCHUMACHER COLLABORATED WITH COMPOSER PHONG TRAN AND TTRPG DESIGNER SAMANTHA LEIGH TO CREATE THE WORLD WE LEFT BEHIND. CHOREOGRAPHER OMAR ROMAN DE JESUS, THE 4TH RECIPIENT OF BALLETCOLLECTIVE'S COMMISSION FOR DEVELOPING CHOREOGRAPHERS, COLLABORATED WITH COMPOSER ROBERT HONSTEIN, AND VISUAL ARTIST KATHRIN LINKERSDORFF TO MAKE LOVE ME WHILE I'M HERE. THE MOMENT IS IMMINENT PREMIERED ON OCTOBER 30, 2023 WITH LIVE MUSIC AND AN ENSEMBLE OF DANCERS FROM NEW YORK CITY BALLET WITH SUBSEQUENT PERFORMANCES ON NOVEMBER 1ST AND 2ND AT TRINITY COMMONS. THE FINAL PERFORMANCE WAS STREAMED LIVE. BALLETCOLLECTIVE HELD TWO SUMMER CHOREOGRAPHIC RESIDENCIES FOR THE MOMENT IS IMMINENT FROM JUNE 12-24, 2023 IN NEW YORK CITY AND JUNE 26-JULY 9, 2023 IN MILLBROOK, NY. THE SECOND RESIDENCY CULMINATED WITH TWO LOW COST PUBLIC PERFORMANCES FOR 200 MEMBERS OF THE HUDSON VALLEY COMMUNITY JULY 8 AND 9. OPEN REHEARSALS FOR THE COMMUNITY WERE HELD AT THE MILLBROOK SCHOOL AND ONE EDUCATIONAL EVENT FOR THE LOCAL STUDENT COMMUNITY IN COLLABORATION WITH THE WETHERSFIELD ESTATE AND GARDEN WAS HELD ON JULY 1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin Kingsley Chair | OfficerTrustee | 0.5 | $0 |
Stephen Reidy President | OfficerTrustee | 0.5 | $0 |
Troy Schumacher Artistic Director | OfficerTrustee | 30 | $69,400 |
Ashley Laracey Director | Trustee | 0.5 | $0 |
Eric Lee Director | Trustee | 0.5 | $0 |
Cara Lonergan Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,047 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $557,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,566 |
| Total Program Service Revenue | $185,722 |
| Investment income | $28,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $886,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,402 |
| 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. | $69,400 |
| 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 | $1,139 |
| Fees for services: Accounting | $7,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466,378 |
| Advertising and promotion | $41,131 |
| Office expenses | $26,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,340 |
| Travel | $31,478 |
| 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 | $17,686 |
| All other expenses | $0 |
| Total functional expenses | $859,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,088 |
| Savings and temporary cash investments | $18,617 |
| Pledges and grants receivable | $43,722 |
| Accounts receivable, net | $13,942 |
| 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 | $1,173,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,562,756 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
| Net assets without donor restrictions | $1,495,905 |
| Net assets with donor restrictions | $66,601 |
| 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 | $1,562,756 |
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 |
FRIENDS OF WETHERSFIELD INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |